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Did campaign contributions and lobbying by the financial sector contribute to the meltdown on Wall Street?

Results so far:

Yes
72% 129 votes Total: 178 votes
No
28% 49 votes

Cayman Islands? Perhaps this is going to be a government brokered merger quietly undertaken between Secretary Paulson and the Wall Street financiers and personal friends from his days in the private financial sector that he finds worthy, or Mr. Buffett should he be the successor, also a Wall Street power broker and direct beneficiary of the bailout, who owns Geico Insurance, a direct competitor of AIG?

The American people, it appears, were sold a bill of goods in order to bailout not only Wall Street, but those who voted for this bailout to begin with. While the McCain campaign has charged Obama with socialism and spreading the wealth, he too voted in the affirmative, and has a past history of believing in laizze fair regulation of the financial industry. The bailout was the greatest example of corporate socialism in the history of America. The hypocricy of both candidates after their support for this bill and other heavy Congressional investors in Wall Street, just goes to show that it is tyranny, not socialism, behind the agendas of the majority of those member of Congress who voted for this not to save Main Street, but the Warren Buffets, Bill Gates and Walton families personal wealth and corporate hides. Those that have been afforded privileges and immunities for their risks, feel those that have not only invested in their dreams and purchased their products should then share in assuming their risks and losses.

Communism actually, not socialism at all.

Learn more about this author, Linda Gehring.
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Below are the top articles rated and ranked by Helium members on:

Did campaign contributions and lobbying by the financial sector contribute to the meltdown on Wall Street?

Yes
  • 1 of 13

    by T. M. Beeker

    ENRON was proof positive of this situation. The depth of corruption and blatant manipulation of the market should have resulted

    read more

  • 2 of 13

    by Jeremy Horne

    Why should one be surprised about this assertion?

    People do not understand context.. Think of your little boxes of "campaign

    read more

No
  • 1 of 7

    by Lisa Bells

    It seems that Wall Street has become the focus of the world, for its financial crisis and then the bailout program. We witnessed

    read more

  • 2 of 7

    by Rayne Britt

    I don't believe lobbyists are the reason for this particular problem. I have seen a lot of good ideas and insights into the

    read more

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