if individuals had gone bust for failing a corner fruit store..would the gov't be so charitable....with YOUR money?
with the nationalization of Fannie and Freddie, comrades Bush, Paulson and Bernanke had started transforming the USA into the USSRA (United Socialist State Republic of America). This transformation of the USA into a country where there is socialism for the rich, the well connected and Wall Street (i.e. where profits are privatized and losses are socialized) continues today with the nationalization of AIG. This latest action on AIG follows a variety of many other policy actions that imply a massive - and often flawed - government intervention in the financial markets So the US government is now the largerst insurance company in the world. |
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