Please Help

the world according to CNBC

1- You’re stupid and you don’t have a business degree like we do

2- Trust us, we’re on your side

3- The $700 billion dollar bailout is for small business and main street

4- We’re journalists

5- Do you remember all those tech stocks we hyped back in 2000, yeah well forget all about that.

6- We have to do something or we’re all going to die

7- Banks are more important than people

8- Rich people are better than all people

9- Rich white people are better than minorities

10- Rich white people have a divine right to billion dollar socialism and privatized profits

11- You can’t short GE stock, bitches!

Their answer to the crisis.

From Reuters:

“Paulson and President Bush have argued that the alternative would be credit markets that remain frozen, meaning that businesses will fail because they can’t get the loans they need to operate and the economy will grind to a halt because consumers, who account for two-thirds of economic activity, won’t be able to get the credit they need to keep spending.”

Yeah whatever. So basically what they’re saying is in order to save capitalism and the U.S economy we need consumers to get further in debt by buying shit they don’t need

“Paulson resisted suggestions being made by Democrats that the program be changed to include further relief for homeowners facing mortgage foreclosures and to include an additional $50 billion stimulus effort. Some Democrats have also suggested capping compensation of executives at firms who get the bailout help.”

All the Bush regime cares about is saving Wall Street and the ultra rich. Fuck everyone else.

 

Why You Should Hate the Treasury Bailout Proposal

 

 

The true face of capitalism.

The rule of law huh? Personal responsibility? Free markets? Yeah whatever. When shit goes bad for the rich and powerful at the top of the capitalist pyramid scheme they’ll simply rewrite the laws and take emergency measures to save their own ass. Look at how swiftly the government moved in to save wall street. The bottom line is if government is going to literally change all the rules and laws to save private investment firms, Fannie Mae/Freddie Mac, AIG, Merrill, Wachovia, Washington Mutual and the rest of those 799 banks that can’t be shorted anymore, then the government dam well fucking better save every god dam American who is upside down on their mortgage, or fucked over with an adjustable arm or subprime loan, or on the brink of foreclosure. Every single garbage loan should be modified on a case by case basis in order to keep people in their homes and stabilize the real estate market. Just as there has been an immediate freeze of shorting financial stocks in order to save broken banks, there should be an immediate freeze of all home foreclosures. Just as the banks are now allowed to discharge all their bad debt, so should every american be allowed to discharge all their bad debt and high interest payments. 

The sad thing about this situation is not that the U.S financial system was on the verge of failure, it’s that it was not allowed to fail. All that good government bullshit we learned in school isn’t worth shit. The new American mantra is “Fuck free markets, when free markets turn on their masters.” The American people needed to find out that capitalism is a corrupt pyramid scheme ruled by criminals with MBA’s. They needed to learned the hard way never to elect republicans ever again. They needed to learn that deregulation and Laissez-faire capitalism is the problem. They needed to learn the hard way not to let banks and corrupt Democrats/Republicans rewrite the bankruptcy laws. And most importantly they needed to completely over throw the growing monster known as the credit rating industrial complex run by Equifax, Experian, and Transunion. But instead, America learned nothing. The corrupt system was saved, no rich person was harmed in the process and this all but guarantees that John Mccain will be the next president.