the 700 BILLION Wall st. Bailout!!!!!-1/3

Sen. Bernie Sanders, Robert Scheer and Dean Baker on the Proposed $700 Billion Bailout of Wall Street, the Largest Government Bailout of Private Industry in US History

Its being described as the largest government intervention in private markets since the Great Depression. The Bush administration has asked Congress to swiftly approve a massive $700 billion package to rescue the crippled financial institutions on Wall Street. Some analysts say the final cost to taxpayers could top one trillion dollars. Over the weekend, the size of the proposed bailout grew as the Bush administration said foreign banks, including Barclays and UBS, should be eligible for the bailout. [includes rush transcript]

Category:

News & Politics

Tags:

• wall
• street
• banks
• capitalism
• marxism
• barclays
• democracy
• now

[ObiWanGinobiliTopFan]

@fukengruven99 same thing with republicans. It's not about dems and reps anymore....the 2 parties are both completely corrupted by greed and evil agendas and they might as well be considered the SAME FUCKIN PARTY AT THIS POINT. WAKE UP! You need to think outside the box if you really want to understand anything that's going on around you these days...and you need to quit thinking one side are the "good guys"....they're ALL bad guys now

[fukengruven99]

deomcrats biggest donors r bankers

[intrepgun]

well put. it bothers me when people want to free the market before they free the people.

[PlasticJesus341]

I don't think you understand Ron Paul's position, Ron Paul is strongly in favor of deregulating the economy and allowing CEO's to run wild with no oversight because he believes that somehow this will lead to a better functioning economy. We have a nanny state because people realized around the great depression that absolute free capitalism doesn't work, at all, and that's why there needs to be a nanny state to bail them out. Both free capitalism and the nanny state are ludicrous options.

[uuubeut]

AIPAC whores!

[tinpan2112]

What did the bailout do for the retirees who lost all thier 401Ks.

[gokinsmen]

This bailout is disgusting in principle and now, weeks later, we're seeing how poorly it's being executed. An immoral act committed incompetently.

Republicans are in the pockets of corporations. And the few Dems that aren't are too spineless to speak up for fear of seeming "weak" -- just like Iraq. I'm glad that Obama at least pushed for purchasing stakes in these institutions so we can possibly get some money back, but I wish he just came out against it entirely.

[matthewshurt]

Dude I feel your pain. I work with people I try to inform and have real discussion with. They either stare at me with a confused look on their faces or they start repeating what Obama's commercial they saw on TV the night before.

[xmattycorex]

ron paul has been warning us about this the whole time...do we look to him, or even bother to google his name? no because the majority of people would rather take the easy way and watch "faux" news instead of researching for themselves.

[ufoengines]

A trillion bucks for Wall Street and no bucks for a National Health Care Plan. What a bunch of Crooks! Who Benefits?!