Monday, October 17, 2011

A Lesson about Crony Capitalism for the OWS Crowd

The Wall Street bankers had a cozy deal with Obama's government to bail out the banks from bankruptcy, with "we the taxpayers" footing their enormous costs of going broke. The bankers ended up unhurt because of their poor decisions instead of bankrupt. Thanks Stewart for the article.

Bruce

"The CEO's who managed these corrupt and compromised government organizations, were almost always left wing Democrat insiders like Jamie Gorelick (Hillary supporter) and Harold Raines (Obama supporter). When they retired from their executive duties at Freddie they received tens of millions in payouts, and they left behind heavily indebted carcasses that continue to rot uncontrollably even today, three years after the mortgage-induced financial crisis of 2008."

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