In essense, we already have nationalized some of the world's largest banks. But I'm glad to see Congress finally stepping up to do something about the ongoing mismanagement of our financial credit system. When you bail out a company with funds, without which it would go bankrupt, there's a word for that. You just BOUGHT it.
The country owns these financial institutions and it should run it like it does.
I for one, think that the Bush Bailout Bill (BBB) was his last big F-U to the American public on his way out the door. His administration made SURE that executive bonuses would be paid at least one last time. On the other hand, I blame Obama for not canceling those bonus contracts the minute those funds hit the bank.
The way I look at it, I paid more than $30K in taxes this year in the form of lost retirement funds, and I'll be damned if that money should go to pay a $5000 bonus to a freakin' receptionist who had the dumb luck to get a job at a criminal enterprise. I don't care how big the crocodile tears are that she sheds.
Give me a freakin' break already.
On the promising news front, the Pope has stopped dispensing medical advice.