$700 billion, one trillion, two trillion…Not a soul really knows how much will the “bailout” cost but one thing is certain: the managers of the bailout will make $3,000,000/year, most brokers in excess of $500,000 and average investors will be paid 2 cents on every dollar invested. Oh, and the tab will be paid by my grandchildren’s grandchildren. So...the evil of socialized health service and the bliss of socialized banking... Irony, anyone..?
The dream of every capitalist financier has finally been fulfilled: leave the profits private but nationalize losses. Both Karls - Marx and Rove - are VERY happy dudes..!
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