Posts Tagged ‘wall-street-bailout’

During the first 90 days of the Obama Administration, the global financial system would be plagued by the one threat many well-educated investors most fear: uncertainty.

Reviewing the 2008 Wall Street scandal, a recurring question — for which many members of the U.S. Congress do not have a definitive answer — remains unanswered:

Are U.S. taxpayer supposed to bailout the same Wall Street corporatists — who led the United States and its allies down the path to financial chaos, rendering the U.S. economy insolvent?

Contrary to what U.S. House Speaker Pelosi (D – California) and U.S. House Representative Barney Frank (D – Massachusetts) — Chairman of the House Financial Services Committee — want unsuspecting U.S. taxpayers to believe, the U.S. economy is not looking very well, despite the quick-fix gimmicks both members of the U.S. Congress have proposed: another lame economic recovery and stimulus package proposal.

Still reeling from the bailout of Wall Street (the U.S. financial system), I have opted to post this Weblog entry regarding the American version of the Nigerian 419 scam letter, which I have coined the Wall Street 110-343 Fraud. To protest the so-called Emergency Economic Stabilization Act of 2008, I thought I would post this Weblog entry. No, this is not intend to be humorous. Unlike SNL (Saturday Night Live), I am not laughing at the expense of someone else… I the U.S taxpayer. Please Digg this Weblog entry.

Despite the opposition of angered voters in the U.S., some members of the Democrat-led U.S. House of Representatives, heavily influenced by the corporate dollars of Wall Street lobbyists, still approved the $700 Billion Dollar Wall Street bailout plan over the unified protests of multi-partisan U.S. voters, all of whom have vehemently opposed the moves of the U.S. House of Representatives to pass the U.S. House bill for of the so-called recovery package for Wall Street… a U.S. house bill which will result in forcing millions of already over-burdened U.S. taxpayers to invest in worthless, failing and troubled corporations.