Opinion » Letters

Sounds like theft

San Luis Obispo



Let me get this straight. Wall Street takes the profit it makes off the backs of investors and victims of shady loan practices and pockets hundreds of billions in bonuses. Then Wall Street goes bankrupt because the money it made went to bonuses instead of into accounts to cover the loans it made to people who, Wall Street knew full well, couldn’t afford them.

Now, I’m no lawyer but that kind of sounds like theft or embezzlement doesn’t it? Instead of freezing the assets of these crooks, the Republicans in the White House want to give them hundreds of billions more with no strings attached. That’s right, no oversight, and no regulation. Remember, it was McCain and his economic advisors who got us into this mess in the first place with their deregulation. If you are still on the fence about this election I have a bridge to sell you in Alaska.

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