Tuesday, September 23, 2008

One Congressional Bill Away from Fascism

The bill being considered in Congress at the moment, the one that would "bail out" the U.S. financial system, is the last step the country would take toward total fascism. It would give money ($700,000,000,000 just to get started in 2008) to banks in exchange for nearly worthless mortgage bonds. And it would give the Treasury Secretary (currently Mr. Paulson, formerly Chairman of the Board of Goldman Sachs, of the main beneficiaries of the bail-out) completely unchecked power to distribute the cash as he saw fit (i.e., legal recourse and challenges would be banned, no Congressional or regulatory oversight, no advance notice).

More details are at:

http://www.financialsense.com/fsu/editorials/schoon/2008/0923.html

Keep your eyes and mind open,
Michael Childress

No comments: