U.S. May Take Ownership Stake in Banks
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http://www.nytimes.com/2008/10/09/business/economy/09econ.html
Type of Content: Article Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones. As Washington casts about for Plan B, investors are clamoring for the Fed to lower interest rates to nearly zero. Some are also calling for governments worldwide to provide another round of economic stimulus through expensive public works projects. Read the FULL STORY! Read »
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Yep, got plumbing to do....wish you all the best with the finer things of life, but my plumbing awaits! And this is France where no one works much!
Every time one of our Presidents resisted a Central Bank, we prospered. Lincoln booted them when they wanted to charge us between 24% and 36% interest for the Civil War costs. Andrew Jackson booted them. Kennedy tried. Bring the troops home. We can't afford to have them abroad paying the bills of Germany, England, Japan, Iraq, Afghanistan, the Philippines, Korea, etc., etc. When I lived in Holland, the Dutch were profiting from the shipping contracts for all of the U.S. bases in Europe and they had nothing but contempt for us. Europeans can certainly provide for their own defense. They don't want to because it would mean that they have to do it for themselves and it would cut into their six-week vacation schedules and their 34-hour per week jobs! Don't be slaves to these people, anymore, Americans! They are richer than we are.
to try to get re-elected, we must get things going!!! AcTiVely Get out and support the ones who did not vote for the bail out. Get the bad incumbents out, HOPEFULLY get someone fresh in. Get to debates, get in their faces about H.R. 2755: Federal Reserve Board Abolition Act & the current status quo of our unelected private central bankers. I am going to try to make things happen in Colorado. Half of our representatives voted NO, the other half have to go. Obviously, if you are reading this, you alreadly belong to campaignforliberty com. And are going to help make things happen, if not, get there, you have stuff to do.
USSA