There is a list in yesterday's USA Today of the top bailout recipients. Most of them are banks or financial institutions. The list is the top 10 including Citigroup who got $20 Billion over the weekend (sounds shady) and AIM who got $150 Billion.
I'm confused. Didn't Citigroup buy another bank less than 2 months ago? Like Wachovia or WaMu? How can that be?
And, closer to home, PNC received $7.7 Billion and they just bought my bank, National City.
Will there be an investigation by Congress? I want to know why we are paying out $ to big banks who bought out other banks. I want to know why those big banks were "allowed" or approved to buy the lesser institutions and yet turn right around and get $, big $, from us.
Is anyone else concerned about the burden these bailouts are to you and I and our kids and our grandkids? And, if it all began with the loosening of credit requirements and the push to make everyone a homeowner, I think there must be an investigation.
Of course, like one commentator said, if it was a Republican, that person would already be in jail. Shouldn't we demand names? I'm angry and confused. These are Billions of $ that add up to Trillions of $.
'til later
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