When New York investment bank Bear Stearns started going under, the U.S. Government immediately ponied up $30 billion to help save it. When New Orleans started going under, the best the U.S. Government could do on such short notice was $10.5 billion.All in all, over the past 2 years, the government has given the Gulf Coast regions wiped out by the terrible act of nature which was Hurricane Katrina $120 billion. In a week of bad economic news, The Fed has made $200 billion available to prop up banks who are struggling and failing because of their own questionable business practices.
2 comments:
Exploiting the peasants, gotta love capitalism.
I’m starting to believe all those crazy stories about E.L.F. waves,
Where is the outrage? They must be under the influence of something.
Wow! What a thought provoking comparison. I will surely chat about this with my friends.
Greets from Scandinavia.
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