Sorosoros

    The main legislative intent of the U.S. Congress in passing the $700 billion “bailout” bill on October 3, 2008 was to have the Secretary Treasurer set up of a troubled asset relief program to purchase and quarantine so-called toxic assets of private companies in a government-created asset management company, somewhat similar to the Resolution Trust Corporation that had been partially successful in disposing of troubled real estate assets taken over from liquidated savings-and-loan companies in the 80s: “The Secretary is authorized to establish the Troubled Asset Relief Program (or ‘‘TARP’’) to purchase, and to make and fund commitments to purchase, troubled assets from any financial institution, on such terms and conditions as are determined by the Secretary, and in accordance with this Act and the policies and procedures developed and published by the Secretary.” The general purpose of the Act was so broadly written that it did not preclude any other course of action; the...

By david arthur walters Anyone to the left of right is a leftist as far as a right-wing ideologue is concerned; therefore, everything the so-called leftist does, no matter how philanthropic, must be part of a vast left-wing conspiracy to rob rightists of their rights and impose upon them a communistic regime where everyone is actually equal instead of ideally so somewhere in their hidden nature. Communists are naturally dirt poor leftists who are jealous of the selfish way of life of the right wing, whose wealthy elite the leftists would fain rob by virtue of liberal or involuntary charity instead of getting down on their knees like good Christians and begging for compassionate conservatism or voluntary charity. Of course leftists would pave the road to hell by investing the extorted proceeds in the most foolhardy of all causes, the absolute elimination of poverty through the imposition of total utopia on Earth. Indeed, in the final leftist analysis, everyone should be moderately wealt...