& bahahaha

[bobemm]

ty salacious_pop

George W. Bush Sewage Plant plan is on ballot

A White House spokeswoman, when asked about the measure several weeks ago, refused to comment.

and ty brewergnome

Fannie, Freddie host GOP convention party

This really grinds my gears! Wow, like really.

I heard a good description of the setup of these companies being bailed out - "private profit, socialized risk". I think that's apt. As long as everything's going well, they're rolling in cash and using it to wipe their asses etc. When their irresponsible practices get them in trouble, they get bailed out with public money. It seems the opposite of right. But I know that the consequences would be horrible if they weren't bailed out. I feel like a hostage!

Comments

[lingostarr.livejournal.com]

Yeah, you are totally correct here it is "... the opposite of right." Hell if we bail out companies, why don't we just socialized the industry? ARGH! Also, if they fail I wonder what would happen too. Countrywide is no better. Those fuckers tried to screw us over big time! When we heard they were having trouble we hoped they would burn!

[chucknoblet.livejournal.com]

I'm actually not really clear on what the consequences would be if they didn't get bailed out. I wonder if anybody has written up any scenarios.

[lingostarr.livejournal.com]

Well I think it would cause more layoffs, then people who I am sure paid into pensions would lose that too. It would be a disaster!

[brendand.livejournal.com]

I wouldn't even know where to begin.