The bailout is not for Wallstreet. It is to keep the economy going.The problem, in essence, is that the Federal Reserve has gotten so overextended they don't have the money to do this, and thus it's become necessary to approve more borrowing by the Treasury. Purchases of troubled assets will generate 10 times the loans and kick start the economy.
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In this blog I will document America's decent into Fascism as it happens.
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5-30-2026
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They're saying F-U to Congress, essentially read more | digg story
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A lot of criticism was given to the Bush Administration for proposing a 3-page bill to address the financial markets. While I had some criti...
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