No blank check for Wall Street.
This is worse than a bad deal – this isn’t a deal at all. This is a blank check to some of the richest companies in the world.
This is a blog post with a petition linked to it. I may not agree with all the language, but this is not the time to let the desire for the perfect trump the reality of present action.
We should express our concerns as citizens about the parameters fo this extraordianry action, even if we don’t get to write the legislation.
Krugman on “Cash for Trash.“
My thoughts exactly…
Daily Kos: State of the Nation
Now that the People own a major insurance company, it’s fair to ask how the People’s Insurance Company, along with the People’s Mortgage Companies and the People’s Investment Banks, will benefit the People who Own them. Can we expect lower premiums, equity sharing, and corporate perks for our hundreds of billions of dollars?
15 minutes of web searching for this mythical list of problme banks leads me to learn that the FDIC does not publiish the list.
Of course not. It might cause people to worry about their deposits! So, we have to protected from our own self-interest.
It is always the most critical information that is hidden. One site did say I could pay for bank quality/soundness information. Lovely, that won’t exacerbate inequality in America or anything.