Can someone explain this or give a better viewpoint?:
So Wall Street goes sour.
The big profits and riscs turn into losses. (Although someone over time skimmed a lot of lifetime converted to
at least minimum wage hours in money from a lot of people..)
The government, borrows more money from the feds, and in effect raise the national debt, to bail them "free marketers" out in an bright shining flash of corporate welfare..
The world finances this hand out (in the form of an inflation of the (secret!) dollar supply with another $700 Billion,) with a value decrease of the dollars out there.
The taxpayers have even more interest to pay to the bankers.
And what about this:
http://www.huffingtonpost.com/2008/0..._n_128294.html
"Section 8 (which ironically reminds one of the popular name of the portion of the 1937 Housing Act that paved the way for subsidized affordable housing ) of this legislation is just a single sentence of thirty-two words, but it represents a significant consolidation of power and an abdication of oversight authority that's so flat-out astounding that it ought to set one's hair on fire. It reads, in its entirety:
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
Anyone any thoughts?