Stop Corporate Welfare!

Can you stand it! The US and other governments are feeding billions in our money to prop up companies in the financial market and other arenas who have failed to manage their risk. Now in addition to ridiculous fees we are charged, the government is stiff arming us to "donate to the cause". Where will it end? Nobody knows, but the journey will be chronicled here.

Thursday, January 29, 2009

How did we get here?

Here's a great CNN article that tracks the basics of what happened.
"As long as everyone was paying their mortgage, that was fine," said Ali Velshi, CNN's chief business correspondent. "[But] we didn't take into account with these mortgages that people might lose their jobs, the interest rate might go up and the housing prices may go down.

"Guess what? All three happened."
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