Trying to raise my kids the best I can

Wednesday, September 17, 2008

Corporate Welfare

Have the fed's lost their minds?? Today they "loan" AIG 85 Billion dollars to keep them from going under, right after putting up nearly $30 billion to the investment bank Bear Stearns; committing up to $200 billion in Fannie Mae and Freddie Mac and at least $5 billion in their mortgage securities...

I guess I see that if they didn't do these things the end (of the value of the dollar) is near... but they're delaying the inevitable and letting the investors off the hook. When the economy does crash the lower and middle class are going to be left holding the bag. mad


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