Dexia and the Second Bailout: No lessons learned

OK, the time has come for some real riots. I mean, after learning of Dexia recently and reading this article in the NY Times this weekend, my stomach actually hurts.

This is the 2nd bailout for Dexia in 3 years and this one is the equivalent of another AIG, not only in scale but in principal, where the government IE; taxpayers, are literally being called upon not to protect their savings in a regulated financial institution, what their tax dollars should be doing when needed (and the financial institution be allowed to fail), but to make counter parties in unregulated derivatives whole!!! The same old names come up, Goldman Sachs, Morgan Stanley, Commerzbank etc. as taxpayers are put on the hook for another 90 Billion Euros on top of the massive bailout that took place in 2008 of the same bank during the original financial crises.

I am sick, I am nauseous, I am bleeding inside, I want to Occupy Wall Street, Occupy Washington, DC, Occupy Belgium, Occupy France, Occupy the planet until these kinds of "deals" are stopped.

These are the actions of our governments that got the Occupy movement started and it is high time we find a way to put an end to them now.