Saturday, November 29, 2008

Bailout Looks Like Giving Jeffrey Dahmer Steak Knives

What has been done with the bailout money so far?
There is a real underlying problem, but the bailout looks more like giving Jeffrey Dahmer a new set of steak knives than an actual solution.

I sent the following letter to my senators, congressman, the speaker of the house, and senate majority leader:

Dear (Insert Congress Stumblefuck's name),

Please do everything in your power to stop further bailouts to Wall Street and corporate America.

The money given to Secretary Paulson to distribute as he sees fit has been spent on lavish parties, dividends, executive bonuses that exceeded the amount the firm received in bailout money and worst of all, bank mergers.

If a bank is too big to fail, it flies in the face of reason that getting BIGGER will somehow solve the problem.

Frankly, Congress going along with this bailout with only token squeaks at accountability reeks of Third World levels of corruption.

There is a real problem, but the solution should not be a reason for those who caused the problem to celebrate. They are literally economic terrorists threatening and doing real harm to most Americans.

Instead, they should be wondering how to pay their bills on the part of their bank accounts that aren't frozen, whether the forensic accountants will find all their off-shore accounts, and if they are cooperating with federal prosecutors enough to avoid serious prison time.

Secretary Paulson himself and those in the Bush administration who put together the initial proposal and those who benefit from this most should be subject to a RICO investigation not handling more taxpayer money than the cost of the Iraq War.

The solutions we need are far tougher regulation, oversight, and most importantly, welding shut the revolving door between corporations and elected office.

Further, given the epic scale of this corrupt handout to Wall Street, Congress cannot return in January and say you can't afford programs for the middle class and poor.

The Republicans have just suffered an epic defeat, but if Democrats think they can hold power by being just 5% less corrupt than the GOP, you will join them in the ash heap of history.


To write your Congressmen & Senators and tell them to stop the open corruption and draining of our tax dollars to make the rich richer, click Uncle Sam:

Break The Bailout!

1 comment:

Marc Parent said...

The FDIC is having a special a toaster for $19.99 and you get a bank free!