What Wall Street Should Do To Get Its Blank Check

The frame has been set, the dye cast. Treasury Secretary Hank Paulson, presumably representing the Bush administration but indirectly representing Wall Street, and Fed Chief Ben Bernanke, want a blank check from Congress for $700 billion or possibly a trillion dollars or more to take bad debt off Wall Street's balance sheets. Never before in the history of American capitalism has so much been asked of so many for (at least in the first instance) so few. Full Story »

Posted by Julian Friedland

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Review

Clark Davis
3.6
by Clark Davis - Oct. 1, 2008

Reich is a good writer and this is a fairly written story about the white collar crooks on Wall Street. It is really disgusting they want a free ride, while the bosses are walking away with millions in salaries and payoffs. Same old ripoff Republican owned corporations and businesses. They are always screwing up and wasting shareholders money and getting off scot free and now they wants us to bail them out for their crooked acts. Reich doesn't go far enough. The wealthy in this country have to pay for this bailout. They have been making out like bandits since their head crook Bush stole his first election. Now they want taxpayers to pay for their criminal activities. I think anyone making over half a million should have an excise tax to pay and corporations should pay even more to raise money to bail out their own crooks. Remember, the S&L scandal cost an estimated 1.3 trillion dollars before it played out and good old John McCain was in that that up to his ugly eyebrows. He was the one who really set up senators to help that convict Keating.

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Clark's Rating

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3.6

Good
from 7 answers
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3.4
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4.5
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5.0
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