The economy is in the shitter and everyone knows it, the only problem is that those responsible for change refuse to call’s it like they see’s it. But, that hasn’t stopped them from stepping in with some HUGE bailouts and perhaps we haven’t seen the largest yet. According to the ‘news’ last night there will be one gigantic pile of money waiting for loan institutions who are failing to start pulling from to keep them afloat. This will make the latest AIG bailout o $82 billion look like fly on the Statue of Liberty.
Currently being drafted is a bill that will allow the largest government intervention into our financial free market since the 1930′s. According to industry analysts and obviously those on capital hill, it’s a required step to secure both the US economy and others. So why aren’t ‘others’ stepping in to help foot the bill? Again it looks like the US is left holding the smoking gun and will help provide for the entire world, since the tentacles of AIG were far reaching and not just here in America.
As usual we are happy to do our part.
For further reading on the bail out of all the financial institutions follow the links below: (sources)