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http://news.yahoo.com/s/ap/20081007/ap_ ... eltdown_67
Translation: The Fed is now a reverse Robin Hood who steals from the poor and the middle class and gives it to the rich fat cats.
What a sad, sad situation we have in this country. Capitalism is being killed for the benefit of the richest of the rich. :x
Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows.
Translation: The Fed is now a reverse Robin Hood who steals from the poor and the middle class and gives it to the rich fat cats.
What a sad, sad situation we have in this country. Capitalism is being killed for the benefit of the richest of the rich. :x