And a comment about the “rescue of the collapsing credit market” by the Bush people: In essence, Secretary Paulson wants to set up a Federal agency which will scoop up billions of dollars of bad debt the greedy banks ‘suddenly’ found themselves stuck with. This financial fraud will be dumped onto the American taxpayer and is privately estimated to exceed 6 trillion dollars. The banks involved, who were criminally responsible for this situation, get off with a Pass Free card and can get their golden parachutes, or the golden shower if they want it.And when the banking community realized that this payoff might actually happen, they lined up in groups of fifty with outstretched hands for their friends to press money into. Also, Paulson and McCain are going to insure all investors in U.S. money-market funds which will cost our taxpayers many more hundreds of millions. And as to the ‘fiscal fix,’ recall the words of Patrick Henry. ‘Trust it not sir, it shall prove a snare and a delusion.’
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