September 27, 2008

Bailout Profits

The theory goes that if we taxpayers bail out all these failing mortgages, eventually we'll see a profit and get some, most, all, or more than our money back.  We evidently made a profit when we bailed out the savings and loans in the past (on a smaller scale).  But whenever there's money and politicians together in the same room -- watch your pockets.  If you read the link, you'll see that two of the folks who were heavily involved in letting this mess go nuclear (Democrats Chris Dodd and Barney Frank) are trying to sneak in earmarks for their buddies from any profits off of our money.

Are Republicans any better?  This crew in the house seems to have learned a lesson when they lost their majority for just that kind of backroom greed and selfishness with others money.

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