Love In The Year 3000, $700B Bailout In The Year 2008

Sheesh! What a sad week for the U.S! Here’s a brief rundown of what’s going on with Wall Street.

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Hello, Congressman Peter DeFazio! Best five minutes you’ll spend learning about why the $700B Wall Street bailout would stink for everyone (except Wall Street).

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The B-52s – Love In The Year 3000

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And hello, again, Congressman Chris Dodd! New York Magazine offers a great breakdown of Dodd’s Paulson rebuttal, which details why the government shouldn’t simply hand over almost $1,000,000,000,000 (that’s what a trillion looks like!) to Henry Paulson and company, no questions asked.

3. Minimize conflict of interest: “Treasury intends to hire large asset management firms to organize the purchases of the ‘toxic’ assets as well as their sale. However, many of these firms, such as PIMCO and Blackrock, have large positions in the same assets … The Treasury proposal largely ignores this issue.”

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In other news, apparently there exists a site titled “ChrisDoddIsMyHomeboy.com.”
They’re selling t-shirts and other wares.

Must. Resist. Temptation.

[Buy The B-52s]