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.