Sunday, January 25, 2009

Well, Of Course She Does

According to a Reuters story, Nancy Pelosi, who reminds me of Soviet Comrade Nikolaeva, and may be Helen Thomas’ secret, marginally more attractive sister, is signaling her willingness to reach further into individual Americans’ pockets and then to give those pilfered funds to banks.

Pelosi signals willingness to add to TARP funds

Well, of course she does.  Pelosi also states that “taxpayers” should receive equity as compensation for her stealing Americans’ money and giving it to banks.

“If we are strengthening (the banks), then the American people should get some of the upside of that strengthening,” she said. “Some people call that nationalization. I’m not talking about total ownership.”

No, Pelosi is not talking about “total ownership,” but only because she then would have to join the ranks of the “some people” who recognize that in fact what is going on is nationalization of the banking industry.

And that compensation Pelosi states American people should receive, which is ownership of preferred shares of stock in the banks receiving TARP funds, well, don’t hold your breath waiting for preferred stock certificates to show up in your mailbox.

Pelosi also states the following regarding the possibility of more funds being redistributed to the banks.

Pelosi said any new phase of a bank bailout would be done openly.

I guess that statement simply reflects the fact that the initial TARP distributions are not being done openly, which I noted in a post on November 10, 2008 titled The United States Government is Lying to the American People About the $700 Billion Bailout.

I can’t wait for the day when Pelosi heads back to California and shrivels up like the prune she is.

Posted by John Venlet on 01/25 at 09:30 AM
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