Tuesday, September 30, 2008 by Ingo
Let’s play “Wallstreet Bailout”
Marcy Kaptur has expressed her strong opposition to the multibillion dollar bailout plan brought before congress. In her fiery speech [3] she criticized Secretary of Treasury Henry Paulson’s Plan for
- Forcing congress to rush the decision.
- Disarming the public through fear. Controlling the media enough to ensure that the public will not notice that this bailout will indebt them for generations taking from them trillions of dollars they earned and deserved to keep.
- Controlling the playing field (hiding info from the public, holding private hearings, and private teleconferencing calls).
- Diverting attention and keeping people confused.
- Having the goal to privatize gains and socialize losses.
She also blamed Wall Street executives for their greed and held them responsible for the crisis and said
You have perpetrated the greatest financial crimes ever on this American Republic. You think you can get by with it because you are extraordinarily wealthy, and the largest contributors to both presidential and congressional campaigns in both major parties.
She pleaded a “Wall Street Reckoning” and an alternate plan where by “America doesn’t need to bail you out. It needs to secure real assets and property. Federal regional reserve banks should have a new job to help renegotiate mortgages. American people should get equity in any companies. Major job creation to rebuild our infrastructure. Regulate, we need a modern Glass-Steagall act. Refinancing must return a major share of profits to a new social security and medicare lock box.”
(Source: WIkipedia)
I agree with Marcy. Look at this:
