Tuesday, February 3, 2009

The Wall Street Bailout - A Massive Ripoff Of The American Taxpayers

The mainstream media spent endless hours telling the American people how important the 700 billion dollar Wall Street bailout bill was.

President Bush, Barack Obama and the Democratic congressional leadership were in favor of it.

When both sides agree on a bill, you know that something must be fishy.

With a little arm twisting they got the bailout passed.

Do any of you know where the 700 billion dollar figure for the bailout came from?

Why 700 billion?

Why not 500 billion or 900 billion?

The truth might shock you:

"It's not based on any particular data point," a Treasury department spokeswoman told Forbes.com. "We just wanted to choose a really large number."

Just wonderful, eh?

They got their large number.

The bailout bill was developed very secretively, and once it was finally unveiled, Congress was given only 18 hours to look it over before voting on it.

In fact, House leaders invoked a "martial law" rule in an attempt to push the bill through.

Representative Burgess of Texas was one of the most outspoken critics of how the bill was pushed on members of Congress.....

“I have been thrown out of more meetings in this capital in the last 24 hours than I ever thought possible, as a duly elected representative of 825,000 citizens of north Texas” Congressman Burgess said at the time.

Representative Burgess also added this chilling statement: “Mr. Speaker I understand we are under Martial Law as declared by the speaker last night.”

So what did Barack Obama and John McCain think about all of this? Of course they both supported it.

What else would you expect?

Both of them are in the pockets of the international bankers.

What did Wall Street think once the bailout was passed? Well, they were lining up like rabid dogs ready for a fresh meal:

"Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it."

Once they got a hold of the first 350 billion dollars, the Wall Street banks would not say where the money went or what they were doing with it.

Just great, eh?

The reality is that the American taxpayers were ripped off.

Even some members of Congress told the truth, but the American people did not listen.

The following video makes some really great points starting at the 1:07 point. This Congresswoman had a really good grasp of what was really going on with this Wall Street bailout.....

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