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Politics : Welcome to Slider's Dugout
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To: ecrire who wrote (13876)12/12/2008 10:40:36 PM
From: ecrire3 Recommendations  Read Replies (2) of 50227
 
Unfortunately the Fed and Treasury largesse goes mostly to the least deserving,i.e. the perpetrators of all the mindless, insatiably greedy scum that ran the banks, insurance companies, mortgage manipulators, credit rating agencies, securitization originators, all in it for the fast buck,but all that is now history and we need to revive the livelihood of the people who are victimized. They need jobs, a roof over their heads and access to credit. Credit is the lifeblood of people and businesses and in my view the Fed is playing the crucial role in reversing this credit strangulation . As for GM,Chrysler and Ford, they will get help from TARP, but the managements are incompetent and should be replaced as a condition. Unions must be willing to cooperate so that they can compete on a level playing field.
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