The bailout of FANNIE MAE and FREDDIE MAC by the US Treasury today, marks a new era of depraved, cowardly, abuse of the American tax payer, by the government. Before this, we have been made to pay for wars, purchase shoddy goods and services, subsidize the wealth building of the investor class and otherwise spend our money on things we never needed and didn't ask for. Today, Hank Paulson began the transfer of money from the US Treasury, directly into the pockets of Wall Street investors, with no pretense that we receive anything for it. The only limit put on this folly is the amount of money his friend, Ben Bernanke, over at the Federal Reserve Bank can print.
If you have any money at all, even loose change in your pocket, spend it now. If you have any credit, max it out, then spend that. There is no hope. We are past the point of no return. The Republic must fall.