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Wednesday, September 17, 2008

Security Holdings & Investments: Toxic, LLC

There has been an idea kicked about for a while as we try to find ways to protest the country from the Republican hang-over of the Gramm-Leach-Bliley Act of 1999. That act was what the Contract With America was all about. The idea is to create an Agency as the new holder of the bad or toxic debt. It will buy all the bad debt from the financial sector and dispose of it, probably at a land fill. This probably sounds like an investment too good to pass up. I know I am clamoring to buy some stock in Security Holdings & Investments: Toxic, LLC . as soon as possible. If you think you will pass on this one, guess again. Who, indeed, do you think will be the owner of such an institution, other than the American taxpayer, who invests large and receives little. Not only that, remember that the Bush Tax Cuts reduce the amount of tax that the Rich have to pay for the bail-outs and Toxic Managment institutions necessary to clean up after Wall Street hurled its lunch and dinner.

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