Bailouts, get yer Bailouts..

Well, now that the financial train-wreck that has been occurring in slow motion for over a year has finally penetrated the collective consciousness, Federal Bureaucrats (sensing danger in an election year) are scrambling to make ill conceived bailouts of just about every sector of housing and finance a reality, future consequences be damned!

Much has been written about the unprecedented overstepping of its authority that the Fed has taken in its bailout of the financial sector. Now the latest bailout ideas floating through the nation’s capital are to pilfer our (yours, mine) pocketbooks to return money from the treasury to those who speculated, including all the major homebuilders who cut down forests and plowed over farms to create the $500K box housing that now sprawls across suburbia:

Taxpayer’s to foot home builder’s losses

And here’s another good piece from the Minyan’s on Fed player’s propping up the stock market.

God help the wealthy of this country should the masses ever get a backbone and decide to do something about the fleecing of the middle class..