Wall Street bailout

The definition of insanity

“The definition of insanity is doing the same thing over and over again and expecting different results.”
- Albert Einstein

America didn't arrive at our current predicament by chance. We got here by repeatedly applying the same solution to the same problem, over and over again, while ignoring the fact that it never worked. This has been true for decades, through both Republican and Democratic Administrations.

It makes a person wonder if the root cause has more to do with corruption than with ideology.

Example #1)
In December 1982, Reagan signed into the law the Garn-St Germain Depository Institutions Act. It was the culmination of four years of deregulation of the S&L Industry that began under the Carter Administration. Thus began a financial disaster.
What many people aren't aware of is how Wall Street profited from this, and caused it.

When $700 Billion is Chump Change

"Once a run gets started it is rational for other people to join in.”
- Mervyn King, Governor of the Bank of England, commenting on bank runs

Probably about now the people who actually wanted the massive bailout of the Wall Street crooks are asking themselves, "What exactly did we buy with the $700 Billion in taxpayer money?"
It's a little late to ask that question You don't purchase a car without kicking the tires, you don't purchase a home without having the foundation inspected, and you don't bail out Wall Street unless you made certain that the money isn't going to be wasted.

With the DOW dropping nearly 2,300 points in just the 7 days since the bailout was announced, the sheeple are realizing that they've been mugged by the crooks yet again. Except this time the taxpayer wasn't held up. We gave them our wallets willingly.