Al-USA

Government Saves Beloved Banks, Shuns Automakers

Well, if you're talking about "black holes" , so is the $50 trillion in derivatives, at last count, which, as counterparties insuring against derivative defaults, almost brought down the financial system of the USA, and indeed, the world.

Now what is $700 billion going to do against the "black hole" of $50 trillion? Nothing... And yet, it was passed. Why? Because, it directly benefits the capitalist elites running this country.

Eventually, the derivatives will have to be canceled as illegal contracts, since there is no way to come up with the money, several times the global GDP. In the meantime, $700 billion from Secretary Paulson to his corrupt Wall Street buddies.

Yes, that is how this country is run folks.... If you're part of the capitalist elite, be proud, if you're not, tough, pull yourself up by your "bootstraps" as the saying goes.

By the way, very good article and a good read.