Elites double down on next financial collapse
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Submitted by lambert on Mon, 01/04/2010 - 7:51pm
Literally. Bloomberg:
[Barney Frank's bill, H.R. 4173] supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around.
Best of all, the bill contains a provision that, in the event of another government request for emergency aid to prop up the financial system, debate in Congress be limited to just 10 hours.
No more pesky debates, where the peasants can work the phones and make their views known!
[pounds head on desk. Nothing we did made a difference with these people. Not one single thing.]
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Comments
So is it time to start robbing banks?
And I mean the old fashioned, bottom-up way. Of course, how you would go about robbing Goldman Sachs somewhat eludes me...
Open Left
has Sirota or anyone else over there said anything about this?
Ha ha ha ha ha!
Honestly, DCB, you kill me! Ha ha ha ha ha!
No.
passed the house
the vote
has Congress Matters blog written about this? This is a massive fail for progressive blogospehre. The whole time they have been whipping for the public option Obama & Co have been pulling off this heist. The public option was one giant distraction on so many levels.
DCB: mark the "failures"
make a list. i am. i know upon who can be counted in a real fight. answer: it's a short, small list.