Senate Majority Leader Harry Reid says the government purchasing 40% of Citigroup is not (bank) nationalization, it’s “protecting the taxpayers interest.”
Gimme a break. In related news, a homebuyer has now been re-defined as Lumber Supply Decreaser, and a Mall-Shopper is now an Economy Facilitating Neighbors’ Mortgage Consumer Booster.
For those who care, every time the Washington plutocrats open their mouth, the stock market gets shelled. Does this matter? Well, there are lots of Americans whose 401K retirement plans now resemble 201Ks.
Ever been in a situation where the best thing to do is to do nothing? But instead you bite off your arm to spite your pinky finger? That’s the visual I get when I think about the politicians.
Look at it this way, with the government running our banks, Clare will have a much easier time with banking customer service. (sarc)
What I would like to see is a proactive discussion on what a healthy banking industry looks like. It just seems the decision-makers are on the field without a playbook right now.
Tags: banks, government
