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September 24th 2008 Commentary

on September 23, 2008 1:57:05 | 1571 times read
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CAL THOMAS COMMENTARY SEPTEMBER 24, 2008            MOST PEOPLE PROBABLY DON’T UNDERSTAND AND CAN’T EXPLAIN WHAT IS HAPPENING ON WALL STREET AND IN WASHINGTON WITH THE PROPOSED $700 BILLION BAILOUT PACKAGE. BUT THEY DO UNDERSTAND ONE THING VERY WELL. THEY UNDERSTAND PEOPLE SWORN TO UPHOLD THE LAW, WHO AT A MINIMUM BENT IT AND MAY HAVE BROKEN IT. THEY UNDERSTAND REGULATORS CHARGED WITH REGULATING WHO DIDN’T. THEY GET IT WHEN PEOPLE WHO ARE SUPPOSED TO BE GOOD STEWARDS OF OTHER PEOPLE’S MONEY WERE NOT. AND THEY UNDERSTAND QUITE WELL PEOPLE WHO PROFITED OFF THEIR COZY CONNECTIONS WITH POLITICIANS AND A GOOD OLD BOY NETWORK THAT ALLOWED THEM TO REAP TENS OF MILLIONS OF DOLLARS IN PAC MONEY AND PERSONAL PROFIT SIMPLY BECAUSE THEY COULD.            BONNIE AND CLYDE WOUND UP DEAD AT THE HANDS OF THE LAW FOR ROBBING BANKS. THIS BUNCH WILL END UP EVEN RICHER FOR ROBBING THE PUBLIC.            TREASURY SECRETARY HENRY PAULSON WANTS TO PRESERVE BONUSES AND GOLDEN PARACHUTES FOR CEO’S OF CORPORATIONS WHO RAN THEIR COMPANIES INTO THE GROUND. I SAY, NOT IF THEY GET PUBLIC MONEY. IF THEY TAKE OUR CASH, THEY SHOULD FOREGO THEIR CASH. EVERYONE GETS THAT. I’M CAL THOMAS IN WASHINGTON.
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Post your comment comment Comments (1 posted)

  • Posted by ZooPatron, September 30, 2008 6:03:23
    I think this is the first time I\'ve completely agreed with you. The relationship between Wall Street and the 2-party system has become symbiotic to the exclusion of what is fair and reasonable. Jim Wallis cites Micah ch.2. for Wall Street. I could never understand why they would want to deregulate business interests when everything else is regulated and there is such a thing as greed. In addition, everything that Bush has done since he\'s been in office has had an air of "plot" and "scheme" about it. But it\'s not just him. I remember when DNC chairman Terry MaCauliffe made a killing with a petty investment(compared to what he got back) And this is just what\'s been made public. image


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