'ROBBINGHOOD:' The "Fed" Robs The Poor To Bailout The Rich?

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on October 22, 2008 at 4:49 PM, updated October 22, 2008 at 4:52 PM

What has this world come to. Is America a Monarchy? Has this country resorted to Socialism or Communism? Something is wrong because the Government is robbing the poor to give to the rich. Aren't we supposed to be against societies that use their poor to take care of the rich? The American Government is always sticking their nose in other nations business to convert them to democracy because it is supposed be a fair and equitable way for the distribution of wealth and the creation of opportunities for all, not just the haves. But then the Government turns around and 'Jacks' the poor man for his life savings and hands the money over to their rich friends and cronies. Somehow that seems a tad bit hypocritical.

Just because you're poor doesn't mean your dumb. How did congress vote on that insane Kabillion dollar bailout of the banking, insurance and financial "Fat Cats," and think that us hard working poor folks were going to smile and say, "Go 0n, Run My Pockets." The Federal Reserve orchestrated an $85 billion bailout of insurance giant American International Group. Then just days after AIG's bailout, they hosted a 'Shee Shee Poo Poo' executive retreat at a luxury hotel that cost nearly $400,000. In essence, Martin Sullivan, the former CEO of AIG literally flipped the Government the bird and stuck out his tongue and said, na na na na na we got the money and you can't stop us!!!!!!!!!!

What really gets my panties in a bunch is these bratty CEO's crying the financial blues about how broke they are, how much money they are loosing and how they can't go on without Congress stepping in to help. When the truth of the matter is many of these institutions like Lehman Brothers and JP Morgan made a mint from the slave trade, insider trading and corporate takeovers starting from the early 1800's.

On March 16, 2008, this long tradition of takeovers and acquisitions culminated in JP Morgan's buyout of rival investment bank Bear Stearns with a $55 billion loan from the Federal Reserve. It was a very good deal for JP Morgan and a very bad deal for Bear's shareholders, who saw their stock drop. Thirty percent of the company's stock was held by the employees, and another big chunk was held by the pension funds of teachers and other public servants which caused outrage and lawsuits. The deal was also a very bad one for U.S. taxpayers, who are on the hook for the loan.

Finally in recent weeks the "Fed" got so much heat and outrage from taxpayers that they attempted to stop the bleeding. So when it came to Lehman Brothers, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke were explicit that there is no political will for yet another government bailout. 'Ya Think!'

Dick Fuld Ceo of Lehman Brothers threw an adult temper tantrum crying that he only has 100 million dollars now and he can't sleep at night. 'Boo hoo hoo,' now he won't be able to fly to Italy for pizza! He won't be able to take his 'hoes' on the private jet to Turks & Caicos for a romp. Now he won't be able to fly in Cuban cigars for him and his boys. Is this man forreal? Does he not get it!

Meanwhile, Democrats blamed the Bush administration for the financial crisis, while the White House pointed a finger at Congress. When infact, most of this 'Hot Mess' started with the Clinton Administration and 'Blew Up' during the Bush Administration because of government de-regulation, which opened the flood gates for greed, theft and insider trading. Remember Enron and MCI WorldCom? Now that these institutions have stolen from us, drained us dry and plundered through our life savings and retirement funds, instead of these 'King Pins' getting locked up, the Government rewarded them by asking the "Fed" to bail them out by simply printing more money!

Who's printing money for the hungry homeless 'John Doe's?' The over 700 Million dollars that was given to these 'Pimps' could have been disbursed to the taxpayers to pay off our mortgages, credit card bills, college tuition and car loans. Why doesn't our Government bail us out? Why doesn't the "Fed" pay the Government's biggest outstanding bill that has been overdue since 1865, giving black folks our 40 acres and a mule!