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2008 election Barack Obama
Wall Street bailout - socializing risk, privatizing wealth
Posted September 19th, 2008 by warmmidwestWhy is that every time bad investments made by private institutions go belly up, the U.S. taxpayers are called upon to socialize the financial risk? WHY?
Why is it that suddenly, government isn't the problem, it's the solution?
Democrats and Republican lawmakers are to blame for the current mortgage and investment banking crisis. From a legislative perspective, they saw this coming years ago and did nothing to stop it. This has happened before. Remember when taxpayers were called upon to bailout the Resolution Trust Corporation and the S&L crisis in the 1990s?
When will we hold politicians and powerbrokers in this country
responsible for believing risk should be socialized, but wealth must be
privatized?
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