Pulling the Tarp Over our Eyes

The US Treasury Department under Secretary Paulson is deciding where the bail out money should go; and it is the belief of the Secretary and the Treasury Department that the banks are more important than the homeowners. The arrogant disdain the obscenely wealthy people like Secretary Paulson and his banker buddies have for the American citizen is precisely the attitude that helped precipitate the financial crisis facing the country today.

Economists from here and around the globe say home prices in America have to be stabilized first to stem the financial storm rolling around the world, Yet our government tells us that banks come first, the exact opposite.

Treasury Secretary Paulson is pouring billions of our dollars into the pockets of the very same people who got us into this disaster in the first place, the corporate crooks; the bankers. In the interest of big money and campaign donations, our politicians went along and changed the rules for banks so that one individual alone could have total control over deposit accounts in their banks. No wonder they have no money left and we have to bail them out!

The bail out bill is aptly named, it’s called the Troubled Asset Relief Program TARP. They’re pulling the tarp over our eyes when it comes to this trillion dollar tax payer give away program. First the Treasury Secretary is going to buy the troubled assets now he’s going to infuse money directly into banks. It’s more like bait and switch, first you see it now you don’t.

There are many of us who believe the government should not interfere in the free market, but the bail out plan nullifies that theory, and it’s time to level the economic playing field when the free market has been tilted upside down because of rampant greed due to lawlessness.

We should nationalize the banking industry to stabilize home prices by getting more people into homes and paying mortgages. Because it’s all homeowners across the country who are feeling the effects of this runaway corporate greed not just those who were greedy, duped, tricked or too trusting.

We’ll all be paying the price for this bail out scheme for a long time and without government intervention those responsible; the bankers, never will pay the price they so richly deserve for the consequences of their heinous actions.