Tags: treasury
Fed Begins Process of Seizing Banks
10/16/08 11:32, by Dozer, Categories: News, Articles and Information, Comments from the Right, Are You Kidding Me, Political , Tags: bailout, banks, bernanke, cover-up, federal reserve, paulson, treasury 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 »
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