Obama Administration forced the Banking Crisis
By bobmnu
@bobmnu (8157)
United States
March 18, 2009 12:30am CST
Bank of America was a strong financial institution and when called upon by the government to help in the economic crisis did so. They took the bailout money that they did not need and bought Morgan Stanley at the request of the government and ended up with a very bad investment that cost them dearly. The investors are losing money because the government did not have a clue of what to do.
The government is bailing out AIG - which was a heavy contributor to the Democratic party(almost 4 to 1 giving to the Democrats over the Republicans). I have not had time to do full searches but you can go to www.opensecrets.org to see who is donating money to the elected officials.
It seems that the bail out is designed to help out the friends of the Democratic party and Scr**w the country. The sooner they members of the government, do the honorable thing and follow, as had been suggested the CEO's do follow Japanese traditions the better off we will all be.
1 response
@Destiny007 (5805)
• United States
18 Mar 09
Of course they did.
This whole thing is nothing more than a way to payoff the democrat supporters that got these thieves elected in the first place.
Everyone of them should be in prison.
They won't take the Japanese route because they have no honor... but since they are liberals, we already knew that.


