“Now we are in the soup and we better get ourselves out of it before the consequences get drastic.”
This is the same Hillary Clinton who sided with fellow New York Senator Chuck Shumer to keep hedge fund managers from paying taxes on their management fees as normal income rather than capital gains.
Of course, plenty of Democrats joined Sen.-MBNA, Joe Biden, two years ago in gutting bankruptcy laws.
Oh, sure. Some Dems may try to link further bailouts to bailouts of borrowers, when too many of them were speculative buyers in the first place.
Stay tuned. We’ll have more Democratic words of fulsome applause for Federal Reserve Chairman Ben Bernanke’s buyout as they come available.
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