Socialism for the rich...

[Mare Tranquillity]

The Federal Reserve’s emergency lending during the financial crisis spanned the global economy, from the largest U.S. financial firms to community banks, hedge funds and a fast-food company.

The Fed, in compliance with orders from Congress, today named recipients of $3.3 trillion in emergency aid. Among them were U.S. branches of overseas banks, including Switzerland’s UBS AG; corporations such as General Electric Co. and McDonald’s Corp.; and investors like Pacific Investment Management Co. and computer executive Michael Dell.
http://www.bloomberg.com/news/2010-...anged-from-bank-of-america-to-mcdonald-s.html

What we have is socialism for the rich and capitalism for the rest of us. Why do these people deserve bailouts at our expense?

 

[Gipper]

The Federal Reserve’s emergency lending during the financial crisis spanned the global economy, from the largest U.S. financial firms to community banks, hedge funds and a fast-food company.

The Fed, in compliance with orders from Congress, today named recipients of $3.3 trillion in emergency aid. Among them were U.S. branches of overseas banks, including Switzerland’s UBS AG; corporations such as General Electric Co. and McDonald’s Corp.; and investors like Pacific Investment Management Co. and computer executive Michael Dell.
http://www.bloomberg.com/news/2010-...anged-from-bank-of-america-to-mcdonald-s.html

What we have is socialism for the rich and capitalism for the rest of us. Why do these people deserve bailouts at our expense?

Hey Mare, I hope you are doing well. OOOOOOOOHHHH how I have missed you so.

Regarding your post, I would say this is a consequence of progressive leadership. And, we all know that progressives suck...well some of us know this.

Apparently the Fed actually believes money grows on trees. And, the ties between big government and big business should concern all Americans. But, it does not appear to bother elitist progressives/liberals. I wonder why?

 

[dahermit]

The Federal Reserve’s emergency lending during the financial crisis spanned the global economy, from the largest U.S. financial firms to community banks, hedge funds and a fast-food company.

The Fed, in compliance with orders from Congress, today named recipients of $3.3 trillion in emergency aid. Among them were U.S. branches of overseas banks, including Switzerland’s UBS AG; corporations such as General Electric Co. and McDonald’s Corp.; and investors like Pacific Investment Management Co. and computer executive Michael Dell.
http://www.bloomberg.com/news/2010-...anged-from-bank-of-america-to-mcdonald-s.html

What we have is socialism for the rich and capitalism for the rest of us. Why do these people deserve bailouts at our expense?

Despite having to be bailed out, do you think that the CEOs will not get there big bonuses?

 

[dogtowner]

The Federal Reserve’s emergency lending during the financial crisis spanned the global economy, from the largest U.S. financial firms to community banks, hedge funds and a fast-food company.

The Fed, in compliance with orders from Congress, today named recipients of $3.3 trillion in emergency aid. Among them were U.S. branches of overseas banks, including Switzerland’s UBS AG; corporations such as General Electric Co. and McDonald’s Corp.; and investors like Pacific Investment Management Co. and computer executive Michael Dell.
http://www.bloomberg.com/news/2010-...anged-from-bank-of-america-to-mcdonald-s.html

What we have is socialism for the rich and capitalism for the rest of us. Why do these people deserve bailouts at our expense?

Government is always about looking out for one's friends. Just a matter of who those friends are. Lots of rich guys in congress right ?

 

[steveox]

Does that mean the Middle Class is freed from Stallin?