Beast of the Year 2009
The Wall Street $700 Billion Bailout Swindle
The votes are in, and The Konformist readers have spoken. The Wall Street $700 Billion Bailout Swindle is your choice for the 2009 Beast of the Year - a choice that is well deserved.
Nearly one year after its creation, the bailout for Wall Street looks exactly as The Konformist warned: a giant black hole for the banksters to loot the public. The worst thing about it: $700 billion is only a fraction of the money ripped off by Wall Street. $8.5 trillion in funds were funnelled to Wall Street in 2008 alone. According to Nouriel Roubini (aka Doctor Doom, the man who warned of the financial crisis) the total now stands at $12 trillion. In other words, the swindling of the public has continued without a pause by Team Obama, who pushed shamelessly for the bailout. Which leads to the punchline: it was in fact the so-called "liberal" party of Democrats who pushed this travesty through, not the GOP. Which leads The Konformist to conclude Beasts of this sort are going to continue happening over the next four years....
In the unlikely event that Wall Street swindlers can no longer fill its duties as Beast of the Year, Barack Obama is ready to take over the crown. Rest assured the BOTY trophy is in good hands either way.
In any case, we salute you, Wall Street and your $700 billion dollar bailout. Congratulations, and keep up the great work!!!