New Terms and Redefinition

First the BailOut became a Rescue, then golden parachute became stability for the working class, and now I think we're about to behold an all new understanding of "National Bank." I remember, as a kid, banks all had catchy names like for the area and then there was National or State added. Savings and Loans often had what sounded to be creative names but included words like Federal so you knew they meant business. At any rate, Wall Street has rallied at the hope of being bailed and the Dow has rallied at the hope of more credit and our economy is saved because . . . the government is going to become shareholders in many of the banks. And all this sounds good, how? Wall Street went begging and as far as I'm concerned, is now Panhandler/Huckster Central! Who actually has any authority and comprehension of responsible money management? I realize there are plenty of people with authority, assumed or elected, but I've yet to see anyone actually willing to just stand up and say, "It's time to pay the piper, not borrow from Peter to pay Paul." The neo-cons are blaming the borrowers that can't repay their mortgages. Reality check! How long has it really been since the people trying to work their way up, had any sizable power at all? Oh, that's right, never. Now, some of this may be the result of over extending or trying to live large, but some of this could also be the result of American businesses tanking and what used to be a secure job has now been eliminated. Not everyone got over their heads intentionally or irresponsibly, some merely trusted their place of employment to continue and never imagined their government would become this huge, edacious, insatiable, unsustainable beast. While we are discussing irresponsibility and short sightedness, let's not forget the proposed cost of the Iraq war, when we were sold that bill of goods. And let's not forget about those lovely golden parachutes. I read the muckity-mucks of AIG had a half million dollar retreat after they received their $85B. Does it look like they are going to handle borrowed money any better than they handled invested money? Not to me, it doesn't. And I'm not going to just pick on the present administration. What does any politician really know about building, managing, or maintaining economically? They get well connected in college or some are even born into good connections. Next, they hone their "people skills" so other people invest in their popularity contest. Next, if they succeed, they have the opportunity to play with all kinds of money, called taxes for earmarks and pork barrel projects. Then, three to four years later, when the taxpayers have no idea what really happened to their tax dollars, it's time to start campaigning again and to do that, it's time for fund raising. I said three to four years later, except in the case of Barack Obama, who was clearly running for President before he was ever even elected to the Senate in '04.
There used to be colloquialisms about New York bankers and Philadelphia lawyers and now we call it political satire!
As a roaring lion, and a ranging bear; so is a wicked ruler over the poor people. a Proverb of Holy Scripture