It’s been endless. Ever since Obama has entered office, he has continued to fool Americans by expressing his “outrage” and “shamefulness” of these ridiculous taxpayer-funded banking bonuses. Yet, the fact is that Obama has been playing naïve Americans. It’s all an act designed to convince you he’s mad. Yet, he has done nothing, proving what a puppet he really is. When will this charade end?
What can you expect from a president who appoints a tax cheat to head the U.S. Treasury. Don’t forget the Treasury department also heads the IRS. Imagine that. We have a tax cheat running the IRS; the agency that expect Americans to pay taxes after trillions of dollars have been wasted, will over $120 billion in bonuses have been paid out over the past three years to Wall Street. Anyway you look at it, that money has come from your tax dollars.
In the latest installment to this historic theft of taxpayer dollars, AIG recently paid out over $1 billion to executives for 2008. The bogus argument used by AIG is that the company is legally bound to pay out this compensation. But the fact is that AIG wouldn’t even be around without taxpayer bailouts. In other words, once taxpayers are involved, previous legal agreements are null and void because the bailout represents a form of reorganization.
Let’s not forget that without these ILLEGAL bailouts, these “legally-bound” payouts would be forfeited. Did I say “illegal” bailouts? I sure did. Let’s not forget that former Treasury Secretary Paulson acted illegally in extending his authority to initiate TARP. Washington also acted illegally by approving it. You can’t exactly approve legislation that was illegal to begin with.
My solution? Let Washington and Wall Street know that you won’t take this bull anymore. I say short the heck out of AIG. Collapse this demon dead in its tracks. Short all of the financial stocks. Short the heck out of the stock market. If Washington intends to let these crooks benefit at your expense after destroying the world economy, I say take them down with you. You can do that by shorting these stocks. That would destroy these companies and force a complete government takeover. Thereafter, President Obama won’t have any further excuses for allowing these ridiculous bonuses. Short the market. Short the banking stocks. Sell your 401(k) and IRAs and stay in cash. This will send a strong reminder to Wall Street and Washington who is ultimately in control of America.
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Copyright © 2009. Mike Stathis. All Rights Reserved.
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