Cool, the USSA is almost completed now. With the upcoming election of a true Marxist to the Presidency things will really move fast as "emergency" after "emergency" is announced and is dealt with by new socialist programs. Sadly our grandchildren will be living in a suffocating totalitarian state as a result. There is nothing short of armed resistence that can change this in my opinion, because it's not the Democrats alone, it's both parties who have done this to us, clearly they are both the same party in reality, the election "contests" are mostly for show. The USSR fell apart but I'm sure the USSA will do way better! Government ownership of, well pretty much everything, is communism guys, this story from the New York Times shows us how it will be:
October 9, 2008
U.S. May Take Ownership Stake in Banks
By EDMUND L. ANDREWS and MARK LANDLER
WASHINGTON — Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.
Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.
Read the full story here.
October 9, 2008
U.S. May Take Ownership Stake in Banks
By EDMUND L. ANDREWS and MARK LANDLER
WASHINGTON — Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.
Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.
Read the full story here.
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