Hi Zarathustra,
It seems that most Americans are being sucked in to beleiving that te 'rescue' of Wall Street is costing only 700 bil. That number is being batted around a lot to make the people think that that's all the government will use for this action.
The bail out started with Fannie May & Co. That started around 35 bil, then AIG at 850 bil, so with this EXTRA 700 bil you are looking at something like 1535 bil or in other words 1 trillion 535 billion.
If the US government has that in hands right now I don't know, but all the same, that is just to get the house in order, as the government says, to keep credit flowing. What they don't say is that it was the flow of credit which started all of this in the first place and they expect the people to think that after this bail out everybody will be able to get credit again.
I think not.
Credit in the US will become extremely hard to get after the bail out as these companies will be scrutinized more closely (it is hoped) if they are succesful in their endeavour of getting a helping hand from the government (population).
Best regards,
Steve
Quote:
Originally Posted by Zarathustra
http://www.prisonplanet.com/we-have-...ower-grab.html
We Have DAYS To Stop the $700 Billion Stick-Up (and Fascist Power Grab)
George Washington’s Blog
Sunday, Sept 21, 2008
Congress hopes to pass the $700 Billion bailout bill by Friday, according to an article in Bloomberg.
In case you haven’t heard, the bill would not only stick up American taxpayers for an additional $700 billion, but would literally give Paulson and the government fascist powers.
Don’t believe me?
Well, as the Bloomberg article notes: “The bill would bar courts from reviewing actions taken under its authority.”
Bloomberg includes the following quotes by people who understand the significance of the bill:
It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon . . . .
***
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
This power grab is so serious that investigative reporter Larisa Alexandrovna calls it “the final stages of the coup“.
We have days to stop this bill. March on Congress. Educate and motivate everyone around you. Do everything you can to prevent this disaster before it is too late.
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