Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Giant Banks Are Trying to Make Bailouts Permanent

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Washington’s Blog
Thursday, Dec 10th, 2009

According to the following Democratic and Republican congress members, economists, financial experts and journalists, the “too big to fails” (with help from bank-friendly voices in Congress) are trying to make the bailouts permanent:

  • Congressman Brad Sherman, who serves on the House Financial Services Committee, and was formerly an accountant, and other Democrats in Congress
  • Congressman Spencer Bachus, the ranking Republican on the House Financial Services Committee, and other Republicans in Congress
  • Peter Wallison, financial policy study analyst at the American Enterprise Institute

Unless we break up the too big to fails, they will again make speculative gambles that drive them into insolvency (as they have again and again), and the government will bail them out over and over – perhaps secretly – sending the American taxpayers the tab (through taxes or inflation).

Giant Banks Are Trying to Make Bailouts Permanent  031209banner2

This article was posted: Thursday, December 10, 2009 at 5:00 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
China Warns of Third World War See the rest on the Alex Jones YouTube channel.

Obama Sends 3,000 Troops Into Ebola Danger Zone See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.