Banks race to profit from US bailout

[NeoConsSuck]

You might not like the site, but I believe them a lot more than I do M$M.

The announcement of a virtually open-ended government bailout of Wall Street has set off a frenzied competition among the biggest banks and financial firms to grab the lion’s share of the super profits to be reaped from the program.

Banks, brokerage houses, insurance firms, mortgage lenders, private equity companies and asset managers are furiously lobbying the Bush administration and Congress to make sure that the legislation authorizing the bailout gives them the biggest possible share in the spoils. Behind the public speech-making and posturing by administration officials, presidential candidates and congressmen, a sordid campaign of influence-peddling and vote-buying is under way, which will determine the details of the bailout law that is expected to be passed either this week or next.

http://www.wsws.org/articles/2008/sep2008/fren-s23.shtml

[Amonester]

1. How 'patriotic' of 'em crooks... - eom