Current Events — HabitableZone

Current Events » in reply to US taxpayer to purchase the bad loans, relieving banks of responsibility.

It's the "transfer of wealth" in this country

Which got it's head start under Reagan with George Bush Sr. as President.

The Savings and Loans debacle of the late 70's and early 80's that involved ALL of the Bush brothers was JUST the beginning. Using banks to give bad loans while the bankers and investors toke the loot, moved it out of the country or invested it in their private companies, declare insolvency or bankruptcy and get the government (Bush I and II) to charge the taxpayers for the money lost.

Keating Five take two. They're just slick, that's all.

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