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Exclusive: Foreign banks may get help - Yahoo! News (http://news.yahoo.com/s/politico/20080921/pl_politico/13690 - broken link)
We are now the United Communist States of America, thanks to Bernake, Paulsen, Bush and Cheney. The difference is, the ruling Communist Party are the rich CEO bankers who will smoke their $100 cigars and drink their $1,000 bottle wine in their 20 million dollar house or on their million dollar yachts, and laugh at all the middle class chumps who will pay for it.
The banks and nations of the world are intertwined and any rescue or assistance by any country needs to reflect that. With as much money being pumped into the United States by others we would be fools to suddenly become financial isolationist. Who do you intelligently think is going to by the paper to finance the bailout? Of course much of it will be by foreign entities.
The banks and nations of the world are intertwined and any rescue or assistance by any country needs to reflect that. With as much money being pumped into the United States by others we would be fools to suddenly become financial isolationist. Who do you intelligently think is going to by the paper to finance the bailout? Of course much of it will be by foreign entities.
I wonder if the middle class of America is taking on the bad debts of England too. The CEOs all around the world are in a private club and are in bed together.
The banks and nations of the world are intertwined and any rescue or assistance by any country needs to reflect that. With as much money being pumped into the United States by others we would be fools to suddenly become financial isolationist. Who do you intelligently think is going to by the paper to finance the bailout? Of course much of it will be by foreign entities.
While I agree we can't isolate ourselves there is also no reason whatsoever that the possibility should exist that the American taxpayer might have to pay to bail them out too. The dollar isn't worth the paper its printed on at this point but to suggest (them not you) that we, as a near insolvent nation, pay for the debts of international banks is absurd.
Insult to injury about this bill is that it has a clause in it that says none of said bill or the people enacting it - in regards to the bill - can ever be subject to judicial review or investigative committees. Say what?
The middle class of America gets to bail out the English banks like Barkleys, because they are so in bed with the fric and frac Bush/Cheney/Paulsen?Bernanke jerks. We are buying their new BMWs and castles.
While I agree we can't isolate ourselves there is also no reason whatsoever that the possibility should exist that the American taxpayer might have to pay to bail them out too. The dollar isn't worth the paper its printed on at this point but to suggest (them not you) that we, as a near insolvent nation, pay for the debts of international banks is absurd.
Insult to injury about this bill is that it has a clause in it that says none of said bill or the people enacting it - in regards to the bill - can ever be subject to judicial review or investigative committees. Say what?
Bloomberg.com: Worldwide
Dodd's counterproposal would include limited court review and create a five-member oversight board to oversee the Treasury secretary's purchase and sale of distressed mortgage debt.
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