Friday, January 16, 2009

The bank bailout fiasco

Our federal government has already bailed out the banking industry once. Yet here they are again asking for more of our tax dollars to keep them going. Funny thing is they can't seem to explain where all this money went. Citibank lost $2.3 billion dollars in the last few months and is going to get $20 billion from the government. Sounds to me like someone is making one heck of a profit.

Ultimately it's our money. When are we going to stand up and demand accountability? When are we going to shut off the spigot of free flowing cash to these money bleeding companies? I think immediately if not sooner would work. This is getting out of hand. Way, way out of hand.

Jim Chitty
Writer/Columnist/Blogger

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