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Thursday, September 25, 2008

Scofflaw Vultures

American Scofflaw
In other words, it's already KNOWN that the bailout is going to make matters worse, the "gamblers" are all lined up to try the newest game in town once the losses from the last trip to the casino get dumped on the taxpayers.

Behind this is another reality. As the assets come through the bailout plan, those with any worth or chance of return will get snapped up at firesale prices while those left in the hands of the taxpayers will be the dregs of the dregs, again putting the lie to the claim that somehow the taxpayers will make a profit out of this $700 billion (and counting) ripoff down the road.

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Gottcha, scofflaw

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