dimelab dimelab: shrinking the gap between talk and action.

involved subsidized loans Topic in The Credit Debacle Catalog

Jesse's Café Américain Thu 2009-08-27 10:45 EDT

'New Deal for Wall Street' Programs Subsidizing Subprime Lenders

Welfare for Wall Street is just another phase of the 'trickle down' approach that seems to be so popular with the financerati. If "Cash for Clunkers" had involved subsidized loans for cars administered by the banks it would have been touted as the greatest thing since sliced bread by the coporate media and mainstream infomercials, instead of being slammed on a daily basis as a troubled, pointless giveaway program.

Jesse's Café Américain; new deal; Programs Subsidizing Subprime Lenders; Wall Street.