Last week Bear Sterns got help from the Fed and Chase. What no one mentioned was that it was the government using Taxpayers money to BailOut the Bank.
Yep! The GW Bush Republican administration did just what the Bush Sr. administrations had done. While it was the GW Bush administration, WITHOUT the Congressional oversight, who bailed out Bear Sterns with the taxpayers money, his father, George Bush Sr. administration in 1989 bailed out John McCain's best friend Keating and his Lincoln Savings & Loan costing American taxpayers Billions of Dollars.
Like father, like son!
Bear Stern bailout story source on abcnews.com: http://abcnews.go.com/Business/Economy/story?id=4516226&page=1
Lincoln Savings&Loan story source copied from abcnews.com in its original form: http://questioningwhatissaid.blogspot.com/2008/02/sometimes-i-have-to-hold-on-to-original.html
Tuesday, March 25, 2008
Taxpayers Bailout The Banks
