Tax payers bail out high flying Bear Stearns
by Walid
Bear Stearns  Brown Out. "Why is it so dark?" (New York, New York) Ucs Financial News: Bear Stearns, squeezed by the sub-prime crisis, needs an emergency loan and America cash strapped tax payers will foot the bill. Finally after 7 years the Bush-o-nomics master plan is complete. Middle and lower class families facing foreclosure and record high fuel prices get to bail out Wall Streets Blue suited bandits.

Bear Stearns said its ability to finance its operations had "significantly deteriorated" in the preceding 24 hours, compelling it to borrow an undisclosed amount of money from the Fed. Meanwhile my neighbor is two months behind on his mortgage but the Fed isn't returning his calls.

George W. Bush should be proud, the upward distribution of Americans wealth is nearly complete. I'm just waiting for Exxon Mobile to start buying up Americas foreclosed property.

Maybe Alan Schwartz, Bear Stearns' chief executive will be selling his 2nd and 3rd homes to help rescue the working stiffs that just saved his butt? Or maybe he should turn his salary over to the share holders that just got wiped out? Maybe he should resign and let an adult run the show?

 
Rate This Item
 
I Liked It
 
Print
9183 Views
 
Unconfirmed Sources political satire and news story parodies as represented above are written as satire or parody. They are, of course, fictitious.

Your Comments



D B Valentine wrote:
This just about sums up most executives of large misguided corporations. Not useful to the planet AT ALL!
_______________________________

Add Your Comments








Comments must be approved before being published.

 

In case You Missed Them...

T.C. "I just don't like John McCain." Tucker Carlson: "I question John McCain's loyalty to the GOP."

Satire And George W. Bush's Iraq: Sometimes It's Just Not That Funny

Hey Mr. Bush, Can we have some of that? George W. Bush Brings Home the Bacon Baby!

 

Recently in the News