After the US Senate passed an amended version of George W. Bush's scandalous bill to acquire the toxic loans and bad debts of Wall Street's scoundrels and gamblers yesterday, the (lower) House of Representatives, which had rejected the first version of the bill, accepted it also today.
This means that now nearly $ 800 billion (substantially more than the originally proposed $ 700 billion) of US taxpayers' money is handed over to super-rich Wall Street gangsters, in exchange for their worthless 'derivatives' which caused the current world financial crisis in the first place.
Shortly after Bush signed the biggest legal theft in history into law, a new One-Dollar bill (see below) was issued by the Federal Reserve. Further new designs of the higher denominations are to follow soon.
Well done, Dubya. Now you managed to rob the ordinary American people of their last shirt, in order to hand billions over to your rich friends and backers.
The Democrats, who foolishly supported the bill, will deeply regret their stupid mistake as soon as the real consequences will become clear. Should Barack Obama win the election in November (and all signs say that he will), he will become the President of a bankrupt country, deeply in hock to the Chinese, who are lending the bail-out money.
Friday 3 October 2008
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