19.9.08

Public losses for private gain

The effective nationalisation of huge sectors of the economy means US taxpayers are picking up the tab for failing banks

With the nationalisation of Fannie and Freddie, comrades Bush, Paulson and Bernanke started transforming the US into the USSRA (United Socialist State Republic of America).
This transformation of the US into a country where there is socialism for the rich, the well-connected and Wall Street (ie, where profits are privatised and losses are socialised) continues today with the nationalisation of AIG.

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