Libertarians for Ron Paul

How finance, insurance, and real estate lobbyists bought a bailout.

“There was little in the federal bailout bill that most Americans could wrap their arms, much less their minds, around. What did strike a chord—and one of the rare notes of consensus—was that greedy executives of failed institutions should have to give up their high salaries and golden parachutes before getting a life raft from Uncle Sam.”

“But the CEO’s needn’t be too alarmed. The $2 billion their industry has invested in Washington politicians over the last 20 years will likely bring healthy returns. Pesky details like “who” and “how much” to penalize were kicked down the road or left wide open for interpretation—nothing a few fat friends on the right committees and a team of crack lobbyists can’t handle.”

Full article by Kelley Beaucar Vlahos @ http://www.amconmag.com/article/2008/oct/20/00011/