Congressional leaders and the Bush administration this morning said they
had struck an accord to insert the government deeply into the nation's financial
markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled
assets backed by faltering home mortgages.
Yes Wall Street is selling it's sh$t and we tax payers are buying it! Hello suckers!
Full details of the plan were not immediately available.
That's because the devil was busy looking at it and try to find a way to climb into it.
There was at least one good piece of news the Republicans seemed to have been able to get the Democrats to drop their demand that suspect "social services" groups like A.C.O.R.N don't get hold of any taxpayer money since their record of corruption and voter registration fraud is one of the under reported scandals in this whole mess. Here is the money quote:
They also agreed not to dedicate a portion of any profits from the bailout
program to an affordable housing fund that Republicans claimed would primarily
assist social service organizations that support the Democratic Party, the
official said
Only time will tell how badly we taxpayers are being screwed by this legislation and those who negotiated it want this passed before the opening bell of Wall Street. So it looks like our time is up!
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