Gov't of, by and for the bankers

...from 1913, when we handed over unConstitutional control of the monetary system to them via the "Federal Reserve," (which, as is often said, is neither "federal" nor a "reserve.") It's been the fox guarding the henhouse ever since.

With truly extraordinary speed, opinion has swung behind the radical idea that the government should commit hundreds of billions in taxpayer money to purchasing dud loans from banks that aren't actually insolvent. As recently as a week ago, no public official had even mentioned this option. Now the Treasury, the Fed and congressional leaders are promising its enactment within days. The scheme has gone from invisibility to inevitability in the blink of an eye. This is extremely dangerous.

No. Bailouts. For. Anyone. Period.
No taxpayer should have to subsidize the tuition for anyone else's school of hard knocks.

(HT: Vox)