Radical Bailout Plan Has a Jawdropping Price Tag

Radical bailout plan has a jawdropping price tag

news.yahoo.com

A grim-faced President Bush acknowledged risks to taxpayers in what would be the most sweeping government intervention to rescue failing financial institutions since the Great Depression.

The administration is asking Congress for far-reaching new powers to take over troubled mortgages from banks and other companies . . .

(visit the link for the full news article)



[edit on 20-9-2008 by DrZERO]

The global mortgage/credit crises were planned. Systems of control need turmoil in order to consolidate and increase their power, their ability to giveth and to taketh. Look who's benefitting from the events taking place... seems like many of the same interests/people who set the events in motion.

"Broad new powers" will be needed to overcome this economic catastrophe, is the call. Sweeping in scope, these powers will strike at the heart of our economic problems.... to paraphrase the administration. Sounds scary. Welcome to the New World Order. I didn't think it would happen so fast. Then again, that's what they said in Berlin.... suddenly the jaws of the state are on you and you realize that, just because you have the ability to vote for someone doesn't mean you're free.

When will we learn that these problems originate from government intervention and more government intervention will only cause more severe problems in the future?
Has our inflationary debt-based economy/currency finally reached a breaking point? It seems that way if the Fed keeps printing up the Funny Money. It’s starting to give, or maybe someone has decided to fold up this giant Monopoly Board we call the good ole’ US of A.


news.yahoo.com
(visit the link for the full news article)

ModernFinance NOW

This is where we're at



[edit on 9-21-08 by tsEnigma]