Tuesday, March 3, 2009

Save The American People, Save The Country

If you spend any time watching the financial media (CNBC, Bloomberg, erc) you would think that the worst thing in the world is how the financial meltdown is effecting the stock market. Of course, the stock market seems to over-react to almost all news due to the constant onslaught of information being fed to it through the 24/7 news cycle on cable television. Watching the establishment media bemoan the tanking markets you have to wonder if they even remember that millions of people are going to lose their homes and probably suffer irreparable harm to their bank book.

Somewhere along the line the Obama administration has to live up to its promise of transparency with regard to the bailout of the likes of AIG. So far, they have failed miserably and seem to be following in the footsteps of the Bush administration. They have an opportunity to open the door and let us take a peak at what the problems really are. With Goldman Sachs being one of the likely beneficiaries of the AIG bailout money the public is growing weary of hearing about Wall Street bailouts when they, or their neighbor is about to lose a home.

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