K11 Owners Group

[SugarHillCTD]

CHIT! It takes a leader from another country to tell the greedy imbeciles in D.C. what should really be done.


Those behind market crisis should be punished: Sarkozy

1 hour, 59 minutes ago

Those responsible for the crisis that has swept global financial markets should be punished, French President Nicolas Sarkozy said overnight in his first reaction to the latest bout of economic turmoil.

In an acceptance speech at an award ceremony attended by U.S. and French business leaders, Sarkozy called for the "truth" on the crisis to be uncovered.

"Today, millions of people across the world fear for their savings, for their apartment, for the funds they have put in banks. It is our duty to give them clear answers," he said.

"Who is responsible for this disaster? May those who are responsible be punished and held accountable," he said hours before he was due to give a speech to the U.N. General Assembly.

The U.S. government has unveiled a $700 billion bailout package for Wall Street firms to rid them of the toxic mortgage-related debt which felled investment bank Lehman Brothers and threatens to wreak further financial havoc.

The plan, which has yet to be approved by Congress, has been criticized by some observers, who argue that it is unfair for the bankers who sparked the crisis not to bear the full brunt of its consequences.


U.S. Treasury Secretary Henry Paulson, however, argues that his bailout plan will prove cheaper for taxpayers than leaving companies to suffer the cost of the crisis themselves.

(My comment) As we see all the time- the admin "circles the wagons" and make this $$$ plan seem cheap so most will think that it is a good idea.
Find the bastards that came away with obscene profits and spank 'em- financially and physically
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John & Cathy

'92 K100RS4V Pearl White SOLD
'04 K1200GT
IBA Several-SS1k, BBG, 50CC NYC to S.F.