Friday, September 26, 2008

privatizing profits, socializing losses - glenn beck @ cnn

Commentary: Financial meltdown is an absolute disaster - CNN.com:

So now that we're here, what do we do? I am massively conflicted about this bailout program. The idea of government stepping in to bail out international banks that were reckless with their own business literally makes my stomach churn. We are privatizing gains and socializing losses.

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