Monday, December 22, 2008

Greedy Wall St.: What did you expect?

http://news.yahoo.com/s/ap/20081222/ap_on_bi_ge/meltdown_secrets

No accountability.  Those greedy, amoral Wall Street banks are not even bothering to track the $ billions in our tax money that they received to "save" them.   

Meanwhile, GM and Chrysler got put through the ringer and were ultimately rejected over a fraction of the $700 billion handed out -- no strings attached -- to Wall Street, with demands on Detroit to restructure and put government minders on their executive boards. 

Where's the consistency?  What's the explanation?  Simple: greedy ex-Wall Street f-----s run the Fed and Treasury; but the Big 3 have no similar representation in the U.S. Government.

I love this quote from Rep. Scott Garrett, (R-NJ), it puts it all in perspective:  "A year or two ago, when we talked about spending $100 million for a bridge to nowhere, that was considered a scandal."  My, my, my, how times have changed.

No comments: