Bail Out

A news story: Federal Reserve Chairman Ben S. Bernanke is the largest shareholder in AIG. This is probably because the US now owns almost 90% of the company. Yet it started me thinking of the US bailout legislative community in the house and senate. Most of them are heavily invested in the bail out and stimulus companies unlike most of the rest of the population they govern. Yes, their investments are supposed to be in a blind trust. But they belong to the class whose wealth is tied to the rapid growth /hedge fund/ toxic asset/derivative accounting community and when they vote for bailouts they are saving their own class and kind on the backs of working people.

They say they are saving our pensions but our pensions are gone and not coming back. Only those whose kids work on Wall Street are going to be saved by the bailouts.

There were a thousand ways to help working people mostly by regulating the predatory lending community. The insurance, mortgage and credit card industry's unreadable contracts could be limited to two pages with each paragraph having to be explained and initialed. In fact all contracts could be page limited and explanations forced to level the paying field. We could move to a single payer medical system. Student loans could be paid off with community service. Co-operative Conservation job corps could employ all those willing to work and preform work under contract with measurable goals and objectives.

Instead all the trillions of dollars are bailing out the oligarchs, the monsters who are destroying this country while they live as gods and raise sociopath children. Why? Because those billionaires, foreign and domestic, have filled our factories and building sites with illegal immigrants and bought our rulers, body and soul.