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"Capitalism will never fail because Socialism will always bail it out."

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Babblelot:
Remember what the wise man said.



If it weren't for a great man like Bernie Sanders, you would never have learned the staggering, jaw-dropping magnitude of corporate welfare.

You "blame the poor" crowd have been made fools of by the very people you support. Of course you have! You have been for years and you will continue to be. You're their little army of cheer leading, no-nothing, simpleton fools.


--- Quote ---

Sen Bernie Sanders (D-VT)
What have we learned so far from the disclosure of more than 21,000 transactions? We have learned that the $700 billion Wall Street bailout signed into law by President George W. Bush turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country. Among those are Goldman Sachs, which received nearly $600 billion; Morgan Stanley, which received nearly $2 trillion; Citigroup, which received $1.8 trillion; Bear Stearns, which received nearly $1 trillion, and Merrill Lynch, which received some $1.5 trillion in short term loans from the Fed.

We also learned that the Fed's multi-trillion bailout was not limited to Wall Street and big banks, but that some of the largest corporations in this country also received a very substantial bailout. Among those are General Electric, McDonald's, Caterpillar, Harley Davidson, Toyota and Verizon.

Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations including two European megabanks -- Deutsche Bank and Credit Suisse -- which were the largest beneficiaries of the Fed's purchase of mortgage-backed securities.

Deutsche Bank, a German lender, sold the Fed more than $290 billion worth of mortgage securities. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.

Has the Federal Reserve of the United States become the central bank of the world?



http://www.huffingtonpost.com/rep-bernie-sanders/a-real-jaw-dropper-at-the_b_791091.html


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Swish:
How does this revelation help my checking account?  :smartie:

monstertruck:
Another shining example of why Socialism is evil.

Keep up the good work Babble!

Contribution by force is wrong at any level.
That's why slavery was abolished. ;-()
'Twas also the principal force behind the founding of this country which many socialists 'HOPE' to 'CHANGE'. :rofl_2:

if you love the collectivist theory so much why haven't you just slipped over the border into Canada or moved to Cuba yet? :confused1:  The cigars and women are wonnnnerful there.  :innocent:

FedFanForever:
So Nadal fans trend socialist, while Federer fans trend capitalist. Why is that I wonder? I mean the Nadal family run a successful business, they are very much capitalists.

Simkim:

--- Quote from: FedFanForever on December 05, 2010, 01:20:07 PM ---So Nadal fans trend socialist, while Federer fans trend capitalist. Why is that I wonder? I mean the Nadal family run a successful business, they are very much capitalists.

--- End quote ---

Not me, that's for sure.

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