Hold shares in a crashed bank, hedge fund, or major corporation? Here’s your bailout check, sir!
Live down the social ladder and hold a credit card you struggle to pay? Will you get some bail-out money? Nope. Maybe a mandated reduction of your interest rate? Nope. A cap at least on your present rate? Nope again. You get this instead:
And this:
Oh, huzzah! Now — oh, glorious day! — it will be slightly easier to know exactly how the bailed-out class is using its publicly-provided do-over to continue raping you. And they will, of course, have to rape you according to some new, very slightly slower timetables. With the Democrats in power now, that much goes without saying, you see.
Why? Well, this is capitalism. Our overclass needs a chance to over-accumulate some more capital, so they can fuel their next “investment” bubble. Will it be in tulips? Stocks? Collateralized debt claims? Survival shelters? That’s for them to say, and for us to bend over and take.
To make a long, sickening story short: You know any new law is a disaster when it passes the Senate, as this great fart-in-your-face did, 90-to-5.