Republicians and Social Security
http://www.americablog.com/2007/10/so-this-is-who-gop-wants-to-give.html
A quick glance at some of the heavy hitters in banking and finance that the GOP would love to use for the outsourcing of American Social Security. I can accept that money makes the world go 'round and that greed keeps the Wall Street machine moving but considering some of the incredibly bad decisions the "experts" on Wall Street have made lately, is this the team we really want? Social Security may not be much, but most Americans would be unable to cope with such staggering losses.
Washington Mutual - 75% drop
Merrill Lynch - $5 billion write down
UBS - $3.4 billion loss
Citigroup - 60% decline.
Deutsche Bank - $3.12 billion write down
A quick glance at some of the heavy hitters in banking and finance that the GOP would love to use for the outsourcing of American Social Security. I can accept that money makes the world go 'round and that greed keeps the Wall Street machine moving but considering some of the incredibly bad decisions the "experts" on Wall Street have made lately, is this the team we really want? Social Security may not be much, but most Americans would be unable to cope with such staggering losses.
Washington Mutual - 75% drop
Merrill Lynch - $5 billion write down
UBS - $3.4 billion loss
Citigroup - 60% decline.
Deutsche Bank - $3.12 billion write down
Labels: Social Security
posted by My Mall and News at
12:38 PM
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