Reports have it that the Federal Reserve System, in short the U.S. government through its financial arm, will apply conservatorship on the collapsing insurance giant, American International Group (AIG). This means that the government will temporarily take over from major shareholders and their top directors and managers but will relinquish control back to these people. Or else, the Fed will plow new bridge loans to AIG.

Either way, this is another bailout. Again, it is the poor and middle-class taxpayers who pay for this. Again, despite the pretense that America has a free enterprise system, where capitalists are supposed to be made to pay for their inefficiency, the government allows these top shareholders, directors and managers to shirk their accountability. Worse, it pushes the taxpayers to reward these big capitalists with a bailout and financial lifeline.

Time for real change! Let us poor and middle tax-payers stop the Fed bail out of Wall Street! If ever, have the public take over through public receivership, or better, permanent expropriation of the collapsing dominoes of Wall Street with a real permanent expropriation and public management instead of punishing the people and the tax paying public with a bail-out of the private interests of Wall Street! Time for public control and management of the financial system! Time to stop the public bail-out of the failed private wealth and interest! Time for real socialism! Time for real change!