Tuesday, 30 September 2008

$700bn of US Tax dollars


You just cant make it up, the world's leading banks have been hawking our money to each other for years, they have been buying debts and flogging them on, they have been lending cash to those on benefits and the unemployed and now when these debts threaten to bring the banks to their knees...
George W has arrived to the rescue, riding on his white charger to offer a line of credit of $700billion US Dollars, basically buying up the bad debts of the US Banks...so the guys and gals of the investment banks and retail sector who have earned millions and millions in bonuses...are being bailed out by mr and mrs average...the US government nationalisation of the banks bad debt is likely to cause every US taxpayer an average of $5000...capitalism leads to corruption and this must be stopped...
Excessive greed has led to the current financial meltdown and now everyone will suffer...more on the BBC

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