Global Economic
Trend Analysis

Recent Posts

Tuesday, October 14, 2008 2:04 AM

Essence of the "Rescue" Plan In Comic Form

Mish Moved to MishTalk.Com Click to Visit.

Yesterday I wrote Essence of the "Rescue" Plan. Here once again is the pertinent snip.

To stimulate lending, the bailout plan will attempt to recapitalize banks. The method of recapitalization is best described as robbing Taxpayer Pete to pay Wall Street Paul. In essence, money is taken from the poor (via taxes, printing, and weakening of the dollar) and given to the wealthy so the wealthy supposedly will have enough money to lend back (at interest) to those who have just been robbed.
Sinfest has captured the very essence of this robbery in comic form.

Click here to see more SinFest

Mike "Mish" Shedlock
Click Here To Scroll Thru My Recent Post List

Last 10 Posts

Copyright 2009 Mike Shedlock. All Rights Reserved.
View My Stats