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The federal government is reviewing applications from hundreds of banks seeking rescue funding and is "actively" developing new programs to right the nation's unsettled financial system, Treasury Secretary Henry Paulson said Monday.
For all you know revolutions have been started and stopped a dozen times -- who would report it?
Originally posted by wutone
Ever notice how the banks can line up for bailouts without question while the Big 3 have to stand in front of Congress and detail a new business plan and get nitpicked on how they traveled from Detroit to Washington?
It shows where the real power is...
As for a corrupt government,
The bailout of financial institutions can be explained simply. The banks are getting money from the Fed, which is our tax money or going to be our tax money, or going to be a loss of spending power due to inflation. The banks take that money and lend it to us. So we GIVE them our MONEY so they can LEND us OUR money and when we pay it back it will be THEIR money.
People should be storming Washington for this.