Sunday, March 22, 2009

GEITHNER STRIKES OUT AGAIN

The "new" plan for toxic assets is the same as the "old" plan - pay more for the assets than they are worth, which translates into socializing the losses but leaving the profits for the capitalist pigs in the private sector, the ones who created this mess in the first place. This issue may be Obama's "Katrina moment" and I'm afraid that he won't do much better than former Pres. Fredo. If he doesn't, then the GOP will undoubtedly take advantage and that means more Free Market Fairy nonsense.

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