Last month we were told, if we didn't give Wall Street 700 billion in bailout money, America's financial house would crumble.
Now we are hearing from Treasury Secretary Paulsen that he wants to spend the money in a different way. Does that mean the house will crumble? You told us you needed it immediately last month. Now we find out you aren't using it in the ways you said you would? If you are changing the way you are going to use the funds, it means they haven't been used yet. If they haven't been used, it means your story about needing it immediately was a lie.
If I go down to my bank and ask for money and get it, they want to know very specifically how I will use it. Why can't the American people expect the same from the banks? It seems every time we want to know how or when or why the money is being spent, we get the old political story, about it being complicated and we rubes couldn't possibly understand.
This has got to come to an end. We must, as a nation, rise up against the money changers and boot them to the street. It is unfortunate that they will lose their jobs. It is unfortunate that they will lose houses and cars and other things. How do we know?
We know it is unfortunate to be without income with wolves at the door because the same money changers have taught us. Does anyone reading this know of a single time that a car loan company or a mortgage holder said "Oh, you made some bad decisions, let us help ease the burden by getting the U.S. government to pay your bills?
It more likely you will hear; can't pay the car loan....we will pick it up. Can't pay the mortgage we will auction the house. You had bad luck? You made a bad decision? It wasn't your fault the economy took a down turn? Too bad, we want our money and we want it now!
You made the rules Wall Street, so lets play by them. You are in trouble....I don't care! I want the 700 billion back and I want it back now! Can't pay? Then sell your companies, pay what you can and we will sue you for the rest.
I believe if we let AIG fail, the second biggest insurer will thrive. I believe if Chrysler closes it's doors, Ford and GM will have record years. It is the way free trade is supposed to work. Survival of the fitest. The law of the jungle.
In the immortal words of Sheriff Teasle in Rambo, " People start f*ck#ng around with the law and all h*ll breaks loose."
Well something is about to break loose. America's foot in Wall Street's butt.
If you want money from me or anyone I vote for, you will specifically tell me what the money will be used for. You will in great detail, tell me when I will be paid back. It will be on a monthly payment plan. I will expect collateral.
I may be a rube, too stupid to understand high finance, but I know how I can tell when Wall Street and it's bed partner - Treasury - is lying.
It's when their lips are moving.
I personally have had enough!
It is time for Wall Street's giants to stand or fall on their own merit.
It is no more than what they have expected from us.
ClubHusband.com an online magazine for men
Thursday, November 13, 2008
The bailout of Wall Street is a lie
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7:10 AM
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