More Egregious Tyranny - First Leaks Of Geither's Plan To Pump Another $1 Trillion Into Less Than Two Dozen Banks

With twenty thousand banks and credit unions in the United States, we are about to spend another $1 trillion to save what is reported to be the top 19 banks. Given 93% of government bailout funds have been spent on these same large banks to date, one has to ask the question why the Federal government is hell bent on saving a handful of banks that the market is telling us are too big to manage and therefore, create uncontrollable distortions in the economy. These firms should be in a controlled shut down or breakup under government supervision.

Who is going pay for this? Those least able to afford it. Those making $20, 30 and $50 thousand a year. Who will benefit? Read the last post - the same financial system that created this crisis. The chosen few. Not chosen by the markets or by merit. Those chosen by the government.

The tyranny of the minority remains in play.