Sheeple

I think by now, we've all seen the tirade by a certain Mr. Santelli of CNBC. If not, here's your chance to catch up:



Apparently, he is venting our collective anger and outrage over the recent proposal put forth by Obama to address the foreclosure tsunami.



Why "reward" those who took on risks beyond their ability to repay? Not only did they take on risks, but they falsified information on their loan applications! Good God. Gambling liars. Indeed, they should be left to hang, high and dry. Sounds good so far...

So umm... Where was the uproar and the indignation when this happened?

*US bailout to help individuals at risk of foreclosure: $75 Billion.

*US bailout to help individuals, States, small and some not so small businesses: $787 Billion

*US bailout, including amounts pledged by the Fed to support financial institutions: $7.7 TRILLION.

Congress says "oops, we forgot to mention that one."

hrm.... sheeple anyone?

Correction: US bailout, including amounts pledged by the Fed to support financial institutions: $8+ TRILLION. (Hat tip to Kb for finding the article.)