Friday, July 3, 2009

Bailout of Madoff Not Making Everyone Happy

Special to AP Newswire

With 700 billion dollars being spent on the General Motors bailout, AIG, and many other financial institutions, “the money is flowing from Washington like sh*t through a goose”, as described by one “Congressman from the 3rd district of Alabama”, who asked not to be named.

“In the 1980s, I solved the whole dang Alabama state financial crisis myself when I was Calhoun County Commissioner with good Republican principles…that’s the d*mn truth. You can look it up. Give me ten minutes, and then go check Wikipedia.”

At least one blogger was not happy with current government bailout plans: “Bernie Madoff is getting his share of the government bailout in the form of 150 year’s worth of housing, three square meals a day, and full medical coverage. What’s this country coming to?”, posted blogger Spanky182 at www.Whatsthiscountrycomingto?.com. “I can understand a year or two until he gets back on his feet, but this is ridiculous.

However, the Madoff bailout had no effect on the housing market nationally: As the government was providing Madoff with lifetime housing, they also seized his wife’s penthouse apartment, “…an even swap, with a net effect of zero on the housing market,” one DC official was quoted as saying.