Mr. Freeze the Financial Curmudgeon: Something for Everyone to Be Angry About!
Mr. Freeze the Financial Curmudgeon has been trying to avoid having an apoplectic seizure. Let Mr. Freeze tell you why…..I promise to be brief:
It was recently revealed that the Federal Reserve handed out $2 Trillion in emergency loans to a number of corporations. Gosh if it’s not one ”bailout, it’s another.” The problem is the Fed will not reveal which corporation received the loans or the terms under which the loans were given. This is in addition to the $700 Billion bailout (rescue) that was shoved down the throat of Congress. Henry Paulson can’t seem to get his story straight on that money.
DO YOU TRUST THIS MAN?
Standard operating procedure for the current administration is to conceal facts from the American people. If it’s not energy policy, then it’s economic policy. What’s truly disturbing about this most recent lack of honesty by Henry Paulson and the Fed is that it all seems to be intended to help corporate interests without any accountability. At the same time there are a lot of hard working Americans wondering why a growing army of banks, car companies, insurance companies and many other institutions are asking for government money to bail them out. Simply put, it’s a travesty and it’s criminal.
Mr. Freeze the Financial Curmudgeon looks forward to the Obama administration. It will be nice to see adults in charge of things again.
