Here we have it, folks - The Fannie, Freddie, AIG piglets suckling at
the teets of the Federal sow. But the sow is not a fat milkfed 4H
winner, it's a depleted overextended old sow on an intavenous drip from
the foreign central banks. And we're given to believe that as soon as we
pump several trillion dollars into these rapacious institutions, we will
return to normal free market programming?
Well, don't buy it. Even if the Mainstream media lulls the American
viewer back to sleep for a while, they cannot do that to the foreign
central banks who are growing more skittish about supporting this
profligacy. If congressional democrats suddenly grew spines and held
Paulson's feet to the fire to get real regulatory reform in place soon,
that might begin to turn things around, but don't hold your breath on
that one.
So the Fed and Feds will keep bailing out the financial industry, the
mortgage industry, the insurance industry, and then it will be the auto
industry, etc. and doing so without talking about how these bailouts will
be financed. But they'll keep bailing .. UNTIL the international bankers
come to their senses and close down the spigot. Then (heaven forbid) we
will be told that we have to live within our means. The republicans have
mortgaged our sovereignty.
Yeah, right. Live within our means once the taxpayer has been saddled
with Wall Street's thievery and golden parachutes? Live within our means
with stagnent incomes, rising inflation, and a huge new spike in taxation?
Isn't the American family taxpayer an even bigger institution than Merrill
Lynch or AIG? Aren't we too big to fail? Guess not...