Current Events — HabitableZone

Current Events » in reply to And the US continues headlong into socialism. For major corporations.

The great contradiction of Republican financial policy

In the words of Robert Kuttner, Bush and the Republicans let Wall Street privitize the gains, but they have the government socialize the losses. What a great deal if you're one of the high rollers at the Wall Street casino!

and John McCain's claims that he'll hold people accountable and clean up Wall Street are frankly, laughable. Who are his key advisors on financial policy? People like Phil Gramm, one of those resposible for the financial deregulation that led to all the problems in the first place...

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