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Old 09-30-2008, 08:13 PM   #62
Zarathustra
Avalon Senior Member
 
Join Date: Sep 2008
Location: Eastern U.S.
Posts: 429
Default Re: URGENT for Monday:Larry Nichols just gave us a big club!

I second Waterman's concerns. I can guarantee you that section 8, which removes court oversight and legal liability, will remain in whatever they throw at the unwilling congressman. I also learned about a portion of the bill which is very disturbing -

http://www.dailykos.com/story/2008/9...440/126/615177

this will allow banks to hold 0% reserves. This is tantamount to engineering the largest bank run in human history!
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