Permanent Bailout
Mechanism to be Established by Obama
A US reporter is claiming that the US administration sold out to Wall Street. His comments are based on a financial reform bill that is now winding its way through
congress. If it survives in the way that it was originally conceived, it's basically going to formalize an arrangement whereby the government is expected to bail out the top 20 to 25 largest financial
companies. In this case the new legislation will tie Wall Street into tax payer’s pockets even
more.
