Wall Street Breakfast: Must-Know News [View article]
So the taxpayers have to bail out Citi, so that Citi can finance the purchase of unaffordable, useless, shiny objects from Zale's.
What a brave new world. People are "entitled" to taxpayer subsidies for buying houses they could not afford, "entitled" to HELOC-financed vacations paid for by the taxpayers, and even "entitled" to posess little shiny junk, all at the expense of prudent savers and productive taxpayers.
Wall Street Breakfast: Must-Know News [View article]
What a brave new world. People are "entitled" to taxpayer subsidies for buying houses they could not afford, "entitled" to HELOC-financed vacations paid for by the taxpayers, and even "entitled" to posess little shiny junk, all at the expense of prudent savers and productive taxpayers.