Monday, November 24, 2008

US to Bail Out Citigroup

Wow, this is ridiculous. It's wholesale state-run socialism now. I don't know who the Americans think is going to pay for all this, since the US economy seems to be coming under full-blown socialism.

http://news.bbc.co.uk/2/hi/business/7745168.stm

2 comments:

Arvind said...

Nothing is ridiculous any longer. 750 billion has been robbed and the loot needs to be shared. Everyone is stepping forward and lining up for a part of it now - auto makers, AIG, Goldman Sachs, Citigroup, Montana's timber industry, Jennifer Granholm, Detroit Unions . . .

sansk said...

The US way of financing her lifestyle is finally coming into open :

Beg, Borrow or Steal.
Now that Begging is out of question, Borrowing lines are cut off and stealing from taxpayers' in the form of high inflation engendered by letting the printing press run wild is the way out.

You know, countries don't go broke.
Ask ZIMBABWE.