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Politics : Politics of Energy

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To: RetiredNow who wrote (6135)	3/13/2009 9:33:08 PM
From: Brumar89	Read Replies (1) of 86356

Was all the financial engineering of the last 8 years useful to furthering industry in the US ...we let financial engineering get out of control to the point it became one giant ponzi scheme that we can very accurately say resulted in the rich getting richer and those of us who did all the right things saving and working hard, we got poorer. I don't think you have any idea what you're talking about. I think you're simply repeating meaningless liberal gibberish. I posted some informative articles from the Village Voice, LA Times, NY Times that explained how our mortgage industry cratered, dragging down lots of other institutions: Message 25482922 And it was a waste of time - you didn't learn a thing from it, apparently just ignored it all. Why is it that the people who at the top of the finance industry continued to get bonuses even as their companies collapsed and the money they paid themselves with came from taxpayer bailouts? I'd say that is a classic example of the rich using their power and connections to fleece people like me and you. Re those bailouts, those would be the bailouts Sen Obama and the rest of the Congress and Senate voted for? And which they plan more of for the future?

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