Bank of America Writes it own Bailout Bill (pdf). Marked Confidential and Proprietary, the Bank of America document essentially writes the Dodd-Shelby housing bailout bill. Of course, since Democratic Senator Dodd received preferential treatment from Countrywide CEO Angelo Mozillo, is anyone shocked by any of this?
The document points out that Ginnie Mae should be the government entity that backstops bad loans. Of course, since Ginnie has an explicit mandate from the Feds, that ultimately means taxpayers will be on the hook for hundreds of billions worth of bad loans. [Perhaps, you might care to give up your stimuli package for the good of... you know, our masters.]
Read through some of the recommended taking points and marvel at how our democratic process truly works. I'm pissed.
How overwhelming all this has become, Like his buddy Joe Biden's bankruptcy bill, more strapping on of debt,more economic slavery via the Dems.
'I don't know what scares me more, the madness that smashes people down, or their/our ability to endure it.
How much more can we/they take?
Of course, it isn't merely just these, but a unfathomable amount of economic oppressive and unreasonable things. They really have done what they set out to do. Grover Norquist's bathtub must be full of cadavers by now. And he and his elite ilk must sleep like babies at night. I know our "lawmaker's" do.... they make laws for them, and only them, and fuck you.
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