[CitizensTruth] The Fed basically NATIONALIZES AIG...

[Hal Snyder]

While we do see moves to bail out the rich while working people are  
left in the cold, I think some fundamental supports have already been  
pillaged and undermined. Bail-outs (Fannie & Freddie, e.g.) might  
prevent or soften the collapse. We are now blackmailed after a large  
part of the larceny has occurred, as in the S&L scandal under Reagan  
and Bush I (remember the Keating Five including McCain  as well as  
Neil Bush's part in Silverado S&L).

In the documentary by Tim Bennett and Sally Erickson, "What a Way to  
Go", the parallel is drawn on a larger scale - comparing the  
materials economy and modern civilization to a building in which  
people living on upper floors pull out bricks from below to keep  
building upward.


On Sep 17, 2008, at 1:14 PM, Mike Kirk wrote:


> As the author Michael Parenti was quoted:

> "The USA has Socialism for the rich and Capitalism for the poor."

>

> Quite disturbing.  The rest of the world knows what is going on.

> http://dandelionsalad.wordpress.com/2008/09/08/jim-rogers-socialism- 

> for-the-rich/

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