Saturday, April 24, 2010

Economics 101? Don't bank on it

...That's why, when this crisis began, crucial decisions about what would happen to some of the world's biggest companies -- companies employing tens of thousands of people and holding hundreds of billions of dollars in assets -- had to take place in hurried discussions in the middle of the night. That's why, to save the entire economy from an even worse catastrophe, we had to deploy taxpayer dollars. And although much of that money has now been paid back - and my administration has proposed a fee to be paid by large financial firms to recover the rest -- the American people should never have been put in that position in the first place. ...

BHO on Wall Street yesterday. Read the rest here. Oh, and BOHICA! The emphasis above is mine, to remind that most of BHO 'change and hope' has been shoved down Americans' throats under cover of darkness.

But never miiiiiind. Just as you all now own GM, you all also own a piece of the rock which is the banks.

Learn more about

us debt.

Better hang on to your hats, AND your wallets, America! Turn ON the lights!

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