Here we go again - the politicians so thoroughly befoul the situation that we need emergency measures. There is no real emergency for we the people, it is only an emergency for big biz/govt who see another oppty to rip us off as they have with Iraq, patriot act and now the bailout.
Quote:
"I am convinced that this bold approach will cost American families far less than the alternative — a continuing series of financial institution failures and frozen credit markets unable to fund economic expansion," Paulson. "The financial security of all Americans ... depends on our ability to restore our financial institutions to a sound footing."
All nonsense, but the proper cover for McCain and Obama to support it eventually.
Vote third party.
Wednesday, September 24, 2008
Rush In: Patriot Act, Iraq, Bailout
Posted in market intervention by John Wiley Spiers
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