Robert Reich on NOT GIVING WALL STREET A BLANK CHECKSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


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Robert Reich on NOT GIVING WALL STREET A BLANK CHECK
 


21 September 2008 at 9:04:58 PM
salon

Yeah. Read the whole thing for his ideas about what exactly the conditions should be.

The public doesn't like a blank check. They think this whole bailout idea is nuts. They see fat cats on Wall Street who have raked in zillions for years, now extorting in effect $2,000 to $5,000 from every American family to make up for their own nonfeasance, malfeasance, greed, and just plain stupidity. Wall Street's request for a blank check comes at the same time most of the public is worried about their jobs and declining wages, and having enough money to pay for gas and food and health insurance, meet their car payments and mortgage payments, and save for their retirement and childrens' college education. And so the public is asking: Why should Wall Street get bailed out by me when I'm getting screwed?

So if you are a member of Congress, you just might be in a position to demand from Wall Street certain conditions in return for the blank check.


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