Monday, September 29, 2008

Dennis Kucinich on the Bailout

The word stench and other bad smell words come up a lot in this interview. Kucinich speaks on DM about the bailout. Excellent, thorough analyis. Check it out if you have a strong heart.

Excerpt: "When all is said and done and the jeweler’s eye is applied to this bill, this bill is about Wall Street. And unfortunately, you know, Goldman Sachs, with their man now as the Secretary of the Treasury, is going to be able to have some of its policies escape scrutiny. And this is probably a way to keep them afloat, I’m sure. Well, you know, I don’t want anybody to go down or out of business, but it seems to me that when the Secretary of the Treasury has massive holdings in Goldman Sachs and he’s going to be in a position of being able to direct investments and buy out bad investments, I think that we could easily conclude what that would do for his former firm."


And in this corner, from Goldman Sachs, we have "The Architect," Mr. MoneyBags Freakshow with his heartfelt woe about the "excesses" that helped cause the problem, excesses the bill does nothing to correct. All I can say is that the knots in his stomach, they're just not tight enough.

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