Tags: paulson
Fed Begins Process of Seizing Banks
This week the government said it will temporarily guarantee $1.5 trillion in new senior dept issued by the banks.The government will insure $500 billion in deposits in noninterest bearing accounts that are primarily used for business.Sum total, the cost to you the tax payer is $2.25 trillion in this the latest bailout / cover-up package. more »
World Markets Fear Socialist Take Over
After the behavior of the worlds markets this week there is little room for doubt, the world is afraid. Now that the House and Senate have passed this massive socialist bailout / cover-up bill and the President has signed it, the world seems to be tremb… more »
