Thursday, October 2, 2008
Trading Financial Autonomy for Bicycles
Well, it's time, apparently, for Americans to get on their bikes. The Senate passed the bailout bill, after it was "sweetened" for certain of their membership by promises of tax breaks for riding one's bicycle to the office, and the raising of insurance benefits for mental patients. Perhaps many of the senators will benefit from additional benefits as they must certainly be mental patients themselves. The sole benefit to taxpayers appears to be for those who have more than $100,000 in savings as they would be protected to a limit of $250,000 instead. No mention of what happens to the criminal executives who perpetrated this scam on the American people. Presumably their personal financial triumph continues unabated and they won't need the FDIC to help them out.