April 3, 2008
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Time for New Management!
The Federal Reserve are going to give Bear Stearns (via the JPMorgan Deal) $29 billion—that’s $29,000,000,000—so that Bear Stearns does not collapse. Bear Stearns was going to collapse because of the risky investment deals (not all of it legal) which it perpetrated over the last few years. The Fed defended it’s decision today before a hearing of the U.S. Senate Banking Committee Rightfully cautious senators questioned the legitimacy of such an action.
Why is our federal government giving away taxpayer money to an investment bank that lost taxpayer money? While all of us are struggling with this economy, our tax dollars are going to bail out an investment bank.
I cannot wait for a new administration to kick these Federal Reserve Board of Governors out.
Does it show that I am no where enchanted with our illustrious government lately?
I need to get back to photography and stop thinking about these things.
EDIT: 4/3/08 @ 4:48 p.m. — Okay, here’s an uplifting story. Marathon runner Anna Mahlum stopped running past all the homeless in her early morning runs and instead started a training program to get the homeless into running and preparing them to get their lives on track. Now, how many times do you walk past the homeless each day? And, would you do anything for them?
Comments (1)
I couldn’t agree with you more–about both the government and the lack of photographs on our sites. I was thinking the same thing as I was writing that post, actually–too much writing, not enough photography. not that my photography is anything..but still. I’m hoping that the newly arrived spring weather will get me in more of a mood to take some photos (in fact, I made a point of going out this evening when I got home from work).