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How Do You Know When the Bailout Is Little More Than Theft?

Posted by Chris Bowers, Open Left at 2:03 AM on September 30, 2008.


When CEOs start talking like this.

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How do you know when the bailout is little more than theft? When CEO's who stand to benefit from the bailout refer to the democratic political process as a hostage crisis (emphasis mine):

"The stock market was definitely taken by surprise," said Drew Kanaly, chairman and CEO of Kanaly Trust Company, referring to the House vote. "If you watched the news stream over the weekend, it seemed like it was a done deal. But the money is being held hostage to the political process."
That's right: people who refuse to hand over the money are the same as terrorists who kidnap people to make a political point. Democracy is simply a terrorist organization preventing CEO's from being reunited with their money.



Remember: people who oppose the bailout are just holding CEO money hostage. Once CEO's start using that language, it is a pretty good sign you are just getting jacked.

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Tagged as: wall street, bailout, theft


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