Posts tagged “another $38 billion”

Ron Paul explains the ramifications of bailout

Happy Halloween! Enjoy the scary reality of the bailout, compliments of Dr. Ron Paul and CNN.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Wachovia seeks “Worst Corporate Welfare Recipient” award

Not to be outdone by the AIG shenanigans, the oh-so-thankful brass over at Wachovia are still sending their top earners from their A.G. Edwards subsidiary, all 75 of them (plus spouses and significant others) on a lovely cruise of the Mediterranean and the Greek Isles.

“You must pay attention to what you do as a consumer. You must know where your dollars are flowing.”

The boat departs tomorrow, if you want to wish them bon voyage! To think, I was happy for the Wachovians when they were absorbed by Wells Fargo. No more of that! I hope Citi sues them all into the ground for breach of contract. After all, taxpayers are on the hook for $120 billion-ish of Wachovia’s bad debt.

I know this is “business as usual” for these companies, but when you come crawling to the government, asking them to rape the children of America so you can continue to send people on lavish cruises and oceanside getaways, I think “usual” goes out the window.

I’ve said it before, I’ll say it again: it is time to get really, really angry. We have reached the point where it truly is us against them. You must pay attention to what you do as a consumer. You must know where your dollars are flowing. Don’t bank with these people and don’t do business with people that do. What better place than here, what better time than now?

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Bloomberg reports AIG cancelled the next junket

Here is the Bloomberg story. I think you should wish AIG well for this effort.

You can also send a note directly to Secretary Paulson right here!

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,