[lbo-talk] question for those opposed to the bailout

[Shane Mage]

The fraudulent nature of the whole bailout hysteria is now exposed  to  
the  world by the lawsuit of Citigroup against Wells-Fargo over the  
carcass of Wachovia.  Citi got a subsidized government deal to take  
over Wachovia for virtually nothing.  Wells-Fargo noticed that were  
was enough meat on the corpse to pay a good deal more for it without  
government subsidy, and made the offer, which the Wachovia directors,  
legally bound to "fiduciary responsibility," had to accept.  The  
upshot--Citi is now suing Wells-Fargo for $60 billion.  That's $60  
*billion*, comrades, the amount of money that Citi expected to steal  
from you and has now lost.  But don't weep for Citi--there's plenty  
more where that was coming from.

Shane Mage

"This cosmos did none of gods or men make, but it
always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures."

Herakleitos of Ephesos, fr. 30