23 March 2009

U.S. - with firms - to buy 'bad' assets

"WASHINGTON (CNNMoney.com) -- The Obama administration on Monday will formally unveil a program to help banks clean up their books by subsidizing private investors' purchase of troubled assets."

Subsidizing private investor's purchases...

"Under the new Public Private Investment Program

(What is a "Public Private Investment Program?" It's either "Public" or Private", right?),


taxpayer funds will be used to seed partnerships with private firms to buy up assets backed by mortgages and other loans."

Using taxpayer dollars...

So when you write that check in April or look at how much money you've paid in to the government this year out of your income, know that what is not already used to support illegal immigrants, is being used to prop up wealthy real estate investors.

This starts off a work week on a useless note. Maybe by the time I get to Thursday, I will be working for me - not illegals, and not wealthy, greedy, ignorant investors.