Wall Street Ridiculousness

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Allow Jon Stewart and the Daily Show writers to explain our current state of Wall Street ridiculousness. The government is essentially socializing the financial sector with the buyouts of mortgage lenders Fannie Mae and Freddie Mac, and the recent $85 billion government buyout of the world’s biggest insurance company, AIG, giving the government 80% ownership of the company. So, they allow our tax dollars to go towards bailing out rich corporate types making terrible decisions, but they won’t allow us to have a single payer national health care plan? Bananas, that’s what that is.

Read about some solutions to the ridiculousness over at CounterPunch.

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2 responses to “Wall Street Ridiculousness

  1. I can’t believe all this hypocrisy- it’s called privatization of the profits and socialization of the costs/risks. Infuriating. http://www.huffingtonpost.com/robert-l-borosage/wall-street-socialism_b_112940.html

  2. Thanks for that link, sis, shit is bananas.

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