The AIG bailout

Ever since the Fed. bailout
of Wall Street, my view of politics has taken quite a turn. I now
think Ralph Nader is actually right about there being no difference
between Republicans and Democrats- they have both proved themselves to
be whores of Wall Street.

Although I am still a theoretical free-market conservative- all that
stuff has proven to be just abstract theory.
I am absolutely convinced that Wall Street runs the government. They
bankrolled both Presidential candidates.

The Bush/Obama transition has been seamless in what concerns Wall
Street. And it seems not to bother the public too much that the very
group who told us that Wall Street's downfall would be the nations' (
if we didn't pay up quickly with no strings attached) were the very
group who directed benefitted.

Look at the latest AIG bailout. Go to the NY Times website - read the
1500 letters- people are angry.

Forget about Obama. He is a weakling and a tool of Wall Street.
They financed his campaign.
I saw Bernanke lie on TV. We are told that giving hundreds of
billions to AIG is analogous to putting out a fire in our neighbors
house so that our own won't burn down.

The bailout money is not only going to big corporate salaries and
bonuses, but also as shareholder dividends- to the greedy scumbags who
brought down the American economy.

He at least admitted that the trillion dollar credit default market
that AIG was involved in was simply a big casino game based on greed
and was completely divorced from healthy financial activity necessary
for the economy.

And we all know now that the counterparty investment banks to these
casino bets were conducting their own masssive frauds in the real
estate market.

The real-estate fraud aspect of it was well-documented in great detail
in John Talbott's 2003 book "The Coming Crash in the Real Estate
Market".

The free market, left alone, would have punished the perpetrators the
way they deserved to be punished.

You cannot possibly believe WALL STREET'S warnings, parroted by
Goldman Sachs flunkies in the government, that if American doesn't
given trillions to WALL STREET that Main Street is doomed?

You know that this is not free market capitalism- and this is
not socialism either. It is an evil, stinking hybrid which exists only
to benefit the ruling class.