Republicans say its OK to rescue their CEOs & companies but not the little taxpayers

[EV_Ares]

They basically give us the finger when we get ripped off from these very same companies they are rescuing. They tell us to bite the bullet when the credit card companies raise our interest rates for whatever reason they want and whenever they want and they look the other way when these institutions cheat us. Now they want us the very ones these companies have been putting the screws to, to bail them out with over half a trillion of our taxpayer money.
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The report that Treasury Secretary Henry Paulson is considering the formation of a vehicle like the Resolution Trust Corp. that was set up during the savings and loan crisis of the late 1980s and early 1990s left previously solemn investors ebullient. Wall Street hoped a huge federal intervention could help financial institutions jettison bad mortgage debt and stop the drain on capital that has already taken down companies including Bear Stearns Cos. and Lehman Brothers Holdings Inc.

Worries about financial land mines on companies' books have essentially crippled parts of the world's financial markets in recent days and led to the intense volatility in the markets this week.

"It's going to take a lot of the bad debt off the balance sheets of these companies," said Scott Fullman, director of derivatives investment strategy for WJB Capital Group in New York, commenting on the possibilities of an entity akin to the RTC. It could alleviate many of the pressures causing the credit crisis, he said, and reopen moribund credit markets. But Fullman noted, "the devil's in the details."

entire article @ the link: http://news.yahoo.com/s/ap/20080918/ap_on_bi_st_ma_re/wall_street;_ylt=AsJrr1C7SiIchU05NSIcahGs0NUE

[Demeter]

1. You Don't Turn Your Livestock Into Pets

Because giving them names and affection would inhibit your will to slaughter them at harvest time.

See Charlotte's Web.

[fasttense]

2. Very well put Demeter!

I guess this is harvest time and American middle class and poor will be slaughtered, without affection.