- Top Features:
- War Room
- Glenn Greenwald
- Broadsheet
- Joan Walsh
- Camille Paglia
- Since You Asked
- Follow Salon:
Read other letters about this article
...'Free enterprise for the poor, socialism for the rich' (Gore Vidal)
A nice op-ed on the bailout of the rich by the Democratic congress in the Irish Times. I enjoyed that one day when the massive theft was voted down, but we knew that, in America, the poor must be fleeced.
So, we have an election to decide which team would kill the most innocent life overseas and take the most from the common man at home. Good luck with the election.
The op-ed is linked at my sig.
"Gains privatised and losses socialised" was the more pointed comment by Nouriel Roubini, professor of economics at the Stern School in New York University. He is known in the economics trade as a "permabear" because of his repeated claims over the last six years that a financial system based on self-regulation, non-deposits, highly leveraged subprime housing debts and globalised derivatives trading was unsustainable and would collapse.
The professor tells you what would have been a much better approach; but I doubt anyone will in government will be listening any time soon.
As I always say; sacks of government money for the rich and a taser for the poor bastards.
