Sign the Petition to Stop the Wall Street Theft of $1 Trillion from American Taxpayers
By Mike Adams, September 22, 2008 | Key concepts: Wall Street, Federal Reserve and Taxpayers
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Sign this petition to help stop this massive theft of nearly $1 trillion from American taxpayers to pay off the bad debts of wealthy elite bankers. The whole "rescue" scheme is really just a way to socialize the losses while privatizing the gains of banks and criminally-operated financial institutions. Sign this petition!
From Act.credoaction.com: Congress is on the brink of making a one-sided deal to give George W. Bush a blank check to bail out his pals - offering nearly (or perhaps more than) a trillion taxpayer dollars to Wall Street to cover its bad debts. That works out to somewhere between $2000 and $5000 from every American family. So what do the taxpayers get in return? Nothing. No new regulation or oversight to help avoid this kind of crisis in the future. No public interest givebacks to help people whose homes are in the hands of the banks. Perhaps most shockingly of all, the taxpayers get absolutely no share in the profits if and when these finance giants bounce back, even though we are now assuming a great deal of the risk.... more
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