Aohell

JP Morgan and the US Government

Why is it a bank that had connections to the WorldCom fraud and the Enron scandal allowed to take up deals to pick up assets from Bear Stearns and Washington Mutual? JP Morgan Chase has just picked up its second cherry in the US banking/finance collapse, thanks to the federal government.

But wait - there's more! Henry Paulson, the US Treasury Secretary, is a former CEO of Goldman Sachs, and his proposed bailout plan would not wipe out the share values of that company's stock. It'll boost it, in fact.

The chaos in the Russian government and economy in the early 90's led to kleptocracy there. Are we witnessing a similar situation here?

EDIT: On the debates, McCain just said, "Iran has a terrible government, so they have a terrible economy." Oh McCain! Judge another nation not, lest thy nation be judged by the same measure...