Put your hands up and hand over your money. To foreign investors. Now.
I have tried to stay away from political posts as much as possible lately, but this is just so outrageous that I have to spread the word on this.
It has come to light that this bill is specifically structured to funnel OUR money to FOREIGN investors. Bush has specifically said that he will veto the bill if those provisions are removed. You will be paying for office buildings in Shanghai and condos in London. Are you cool with that? I sure hope not.
Here's what Rep. Brad Sherman has to say about this:
Hundreds of billions of dollars are going to bail out foreign investors. They know it, they demanded it and the bill has been carefully written to make sure that can happen.
I hope this is plain enough for those of you who still want this thing passed. You are cheerleading your own mugging. Period. Have you even read this bill???
STOP LISTENING TO CNBC AND THINK FOR YOURSELF!!!
Folks, I don't care if you think something has to be done or not, there is NO good explanation for this except that the people who have engineered this bill are trying to FLEECE you for the benefit of special interests. NONE. The people who vote for this are either 100% bought and sold (NOT working for YOU!!!) or have been bludgeoned into cooperation.
There are other viable alternatives to unlock the credit markets that won't result in the bankruptcy of America (some of which have already been introduced in Congress by the good guys). Unfortunately, somebody mugging you typically isn't interested in what's best for you.
P.S. If you watch the video in Mish's post, you'll hear the CNBC anchor ask "We risk moving towards a recession". Moving towards one? What planet are these people living on??? What a farce.
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