Just a few month before the Bush government is done with their work... Paulson buys ALL bad loans from ALL banks. He puts the US and our grandchildren in debt for the next 5 centuries.
There is no private property in the USA anymore. It is a real disgrace and a sad day for this country. The government doesn't pay me when I make a bad investment decision (except for the $3000 tax credit per year). But when incompetent bankers take unnecessary risks and get paid millions in bonusses the government helps them out. Even voters for Bush and Mcsame should understand that. This is done under a republican president...republicans use the "small" government as their priority in every election.
The dollar is toast even if the government can prop the dollar up the next few days/months/years. It is a worthless piece of paper, best to be used in the restroom.
According to the (manipulated) government figures, the economy of the United States is not even in recession...
How does it feel to go to work and come back, figuring out that you just acquired a bunch of bad debt?
Wednesday, September 17, 2008
The US government just took over the entire banking industry
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