Bailing out Wall Street billionaires is not exactly popular with voters, so Hank Paulson, George W's treasury secretary, came up with this cover story: It's not about Wall Street, it's about your street. He lied. There was never any connection between the bailout and credit flow.
"With his usual insight, George W recently offered this comment about the Wall Street collapse: "Anyone who makes bad decisions should fail." One wonders if he ever looks in the mirror.
We're talking about at least 0 billion here, coming out of our public treasury. Imagine if that sum were invested in public projects?
You might recall that we've always been told that there's no money to do big American projects. Really? Than where did they find that 0 billion they're now handing out to Wall Street?"
to read Jim Hightower's article published 11/14/2008 in the Texas Observer, click on
https://www.texasobserver.org/article.php?aid=2897&print=true
Original: From Scam to Scandal