Take Back America

It is time to take back America from Wall Street and return it to Main Street USA.

Treasury Secretary Paulson is attempting to ram down the throats of US taxpayers, a $700 billion bailout of Goldman Sachs (GS), JPMorgan (JPM), Citigroup (C), Morgan Stanley (MS) and other many other banks that participated in questionable if not fraudulent mortgage lending schemes.

Those corporations have padded their own pocketbooks and handed out billions of dollars in bonuses and stock options over the past few years, all based on mythical profits.

Now those same corporations are asking U.S. taxpayers to bail out their bad lending practices to the tune of $700 billion. No Deal!

Mad Rush To Judgment

This past week has been noting short of amazing. President Bush appeared before the nation stressing a sense of urgency. Paulson and Fed chairman Bernanke have done the same thing before Congress. Inquiring minds are asking "Why The Rush?"

The answer is simple: If people see the actual details of the proposal they will understand it is a bad deal for the taxpayer and a great deal for Wall Street.

It is the very same mad rush to judgment that kicked of the War in Iraq. Does anyone remember talk of "mushroom clouds"? Does anyone remember Dick Cheney saying "We know where they are"? This week we see the same action from Paulson and Bernanke.

The only difference is the message this time is about "financial mushroom clouds". The rush is needed because if anyone looked at the deal they could see taxpayers being left holding the bag.

Break In The Ranks

Tonight we see an unprecedented break in the ranks from current Fed Governor Richard Fisher who says Bank Rescue Plan Would Worsen Fiscal 'Chasm'.