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Message: Blind leading the Blind!

Blind leading the Blind!

posted on Feb 22, 2009 09:07AM

Link: http://www.liveleak.com/view?i=ca2_1...



Comment:

First we have Paulson and Bernanke telling us that the Financial System will collapse if the U.S does not give them unlimited power to distribute $700 Billion as they see fit.

Then, at first, they zero in on a selling job; i.e. to use the money to buy so called "Toxic Mortgages", taking them off the asset sheets of the banks thus allowing those same banks to free up money for lending.

When the dust has settled on the first $350 Billion, we find no "Toxic Mortgages" have been purchased, the banks have the funds, bonuses paid out as usual, perks are still the norm, and money is still not being freed up. Did they have a clue or a plan?

Paulson has since disappeared from the scene (His time has conveniently expired), and the new man on the block is a self-confessed tax cheater.

Supposedly the government does not know what happened, what is still happening and how to fix the problem.

It seems obvious that either Paulson and Bernanke did not have a clue how to cope with the problem and misled the government and the people of the U.S., or they knew exactly what they were doing and squandered $350 billion of tax payer monies.

In conclusion, we have experienced some serious crimes against the American people and someone should go to jail (Paulson, Geithner, Madoff to name just a few).

If it does not happen, what faith will be left in anything that the U.S. government does, or are Americans too complacent, not yet hurt enough to care, or completely blinded by Obama's political rhetoric.?



Good Luck to all!









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