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Help me understand this. I think I just got a revelation - disaster capitalism at work? [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
fed_up_mother Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 05:43 PM
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Help me understand this. I think I just got a revelation - disaster capitalism at work?
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Edited on Fri Sep-19-08 06:28 PM by fed_up_mother
First, we (the taxpayers), are bailing out these corporations. So far, the tab is 900 billion dollars.

Second, we will hold the assets to these companies. As they are sold, the taxpayers will be paid back some of that 900 billion dollars.

Now, my point: how few pennies on the dollar does the Bush cabal think they will be able to sell these assets to their friends? After almost destroying our economy and sticking our grandkids with a huge debt, these suckers could quite possibly sell these assets to their friends in no bid situations. It's just another reason for their desperation to hold onto power, imo.

Doncha' just love it?
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