Treasury Secretary Henry Paulson lays out steps to shore up the nation's banking system by having the government buy shares in leading banks, something he 'regrets' doing but says is necessary for the health of the economy. (Oct. 14)
Channel: News & Politics Uploaded: October 14, 2008 at 6:37 am Author:AssociatedPress
j4cindyj(Tuesday 25th of November 2008 06:23:38 PM)
This is crazy - my life is run by lawmakers' BAD and greedy decisions for corp America.
Why? Why are we being held (almost the only ones) accountible to a BROKEN FINANCIAL SYSTEM?
Start everyone's credit score over. Bive our kids and grandkids a frickin' chance!
Cindy
WA
dustynbones(Tuesday 14th of October 2008 12:20:56 PM)
Yes there is something like 9 major US Banks who are supposedly what is called the "Federal Reserve" and they need to be bailed out. So the US Treasury petitions the Federal Reserve to lend $700 Billion Dollars to lend back to the Banks that are actually the Federal Reserve in the first place.
A Central Controlled Bank with the ability to create a fiat currency is totally unconstitutional. All of the money that you have and spend is nothing more than "Monopoly Money".
vedicastrol(Tuesday 14th of October 2008 09:56:27 AM)
in the Great Depression of 1929, herbert HOOVER LISTENED, UNFORTUNATELY, TO THE ADVICE OF MELLON NOT TO DO ANYTHING. I DIDN'T VOTE FOR BUSH. BUT GIVE THE GUY SOME CREDIT..THEY ACTUALLY DID THE RIGHT THING THIS TIME.
Warnomore50(Tuesday 14th of October 2008 11:37:12 AM)
Our dollar has lost half it's against the Euro, hit an all time low against the Looney, and a 28 year low against the Pound since Bush took office. Our dollar was in the toilet and Bush just flushed it.
Regrets you say????
"Relax.... Just a little pinprick...
But you might feel a little sick..."
Hyper-inflation! Global depression! Starvation!!!
Yeah! more money crack! more money cocaine! more money morphine! more money heroin!
inject more...
It looks like a nanny-state move to protect the livelihoods of American citizens...
...but I have a feeling that the government becoming a shareholder in the money-lending industry just the opportunistic creation of the "Stupidity Tax", where the Government will now fill its coffers from the huge interest payments made by millions of morons who borrowed $500,000 to buy a $100,000 house.
If you can't beat the loan-sharks then join them.
DissentDispute(Tuesday 14th of October 2008 08:12:28 AM)
this is nonsense and double talk. How can you regret something, yet say it's vital to pursure? contradiction in terms and they're just trying to prevent people from finally putting the Second Admendment to good ol' American use!!
