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1 comment:
Here's prescient: eight years ago, one of the current presidential candidates warned the Journal-Sentinel of a potential taxpayer bailout similar to the savings and loan crisis today, urged lawmakers to cut government benefits to mortgage-market giants Fannie Mae and Freddie Mac -- which he called 'poster children for corporate welfare.'
http://www.votenader.org/media/2008/09/16/meltdown/
He's also the only current candidate demanding "Immediate Changes Required for Any Bailout" such as:
No bailouts without conditions and reciprocity in the form of stock warrants
*No more lobbying for any company that is bailed out
*No golden parachutes and get out of jail free cards for guilty executives
*No bailouts without public hearings
The $1 Trillion bailout being planned over the weekend is a fine bipartisan effort that will heed none of these commonsense ideas that are actually in the public interest.
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