Sunday, March 16, 2008

Was Spitzer a Target for the White House?

This was a great article from Greg Palast, author of _Armed Madhouse_. While Palast often presents me with ideas that I have never before come across (therefore making them seen less than credible) I have not yet been able to catch the man in a lie after scratching the surface. I hope you will at least stick this in your head and read it with a "what if this were true?"

This was sent up from Texas. Thank you, Bruce for the insightful article. In an article linked to this, and written by Spitzer for WaPo, you can find the following tough talk about the mortgage crisis in the US:

When history tells the story of the subprime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners, the Bush administration will not be judged favorably. The tale is still unfolding, but when the dust settles, it will be judged as a willing accomplice to the lenders who went to any lengths in their quest for profits. So willing, in fact, that it used the power of the federal government in an unprecedented assault on state legislatures, as well as on state attorneys general and anyone else on the side of consumers.

- Allan in Blue Island, Illinois

The $200 billion bail-out for predator banks and Spitzer charges are intimately linked

by Greg Palast
Reporting for Air America Radio's Clout
While New York Governor Eliot Spitzer was paying an 'escort' $4,300 in a hotel room in Washington, just down the road, George Bush's new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank industry speculators.

Both acts were wanton, wicked and lewd. But there's a BIG difference. The Governor was using his own checkbook. Bush's man Bernanke was using ours.

click here for more

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