Friday, October 31, 2008

Banks to Pay Dividends From Bailout Money

The Washington Post reports:
U.S. banks getting more than $163 billion from the Treasury Department for new lending are on pace to pay more than half of that sum to their shareholders, with government permission, over the next three years.
Just think,Obama and McCain both voted for welfare for the well to do.Is the government going to be owning the private means of production eventually? What will stop it? The constitution?