Iceland Was Right, We Were Wrong: The IMF

[Drew Richards]

16. I posted the same things back in 2010 and was belittled for being "naive"

"Here we are in 2010 and after Paulson convinces the American public we must bail out Wall Street not Main Street, with ZERO accountability or the US will economically fail, the banks and mortgage companies are right back to gambling on unsubstantiated securities...what? are we really that stupid? or is the banking lobby that powerful? PONZI-3 You Betcha!

We would have been better off and probably stabilized the partially solvent institutions better and faster by giving everyone who filed an individual 2006 Federal Tax Return $5,000 dollars. IRS 2006 statistics say 133,000,000 individual returns were filed that would be $665,000,000 Billion dollars. That is about the same amount $700,000,000 Billion given to Wall Street with no strings attached but it would have stabilized the middle class, individual mortgages and the semi-solvent institutions. Before you go crying Socialism that's $5,000 to all tax paying US citizens that filed a return AND how is that different than Bush's tax rebate? How is that different than giving 700 BILLION dollars to Corporations while the rest of us go bankrupt? Oh because we are actually helping human beings and not the Corporate Masters...sorry I forgot.

The old saying used to be..."Kill all the Lawyers" maybe the 21st Century saying should be "kill all the Financiers." Just kidding...of course...sic."