Gilded Age Crime: Poor Go Homeless, Wealthy Get Bailouts

The Hill
by Brent Budowsky

08/17/07

It is good that today the Fed cut the prime by 50 points, but it is bad, and terribly wrong and unjust, that in the last week the Fed has essentially used Americans’ money to bail out the wealthy who made the profits, while doing zero for the foreclosed and homeless. When the banks, hedge funds and private equity firms make bad deals, they keep the personal profits, while the corporate profits are protected by bailouts. Meanwhile, when the average Americans in the middle class, or the poor, fall a little behind, they get the boot, they lose their jobs, they are thrown into the street without homes and often without food...

http://pundits.thehill.com/2007/08/17/gilded-age-crime-poor-go-homeless-wealthy-get-bailouts/


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=homeless
http://freepage.twoday.net/search?q=hedge+funds
http://freepage.twoday.net/search?q=Brent+Budowsky

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