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Under Proposed Bailout, Feds Could Speculate, Nationalize Any Company or Industry, Or Do Anything Else They Want Using Taxpayer Money
Posted By admin On September 22, 2008 @ 11:42 am In Featured Stories | Comments Disabled
George Washington’s Blog 
Monday, Sept 22, 2008
The Fact Sheet  from the U.S. Treasury states:
The purchases are intended to be residential and commercial mortgage-related assets, which may include mortgage-backed securities and whole loans. The Secretary will have the discretion, in consultation with the Chairman of the Federal Reserve, to purchase other assets, as deemed necessary to effectively stabilize financial markets.
So Paulson, in consultation with Bernanke, could “deem it necessary” to “stabilize” the financial markets by buying boat loads of gold. Or by cornering the market in uranium or platinum.
Or they could decide that they needed to buy Microsoft and Google.
Just like Bush and Cheney have gotten us into oil wars and wars to protect Israel  under the guise of being necessary to protect our national defense, Paulson and Bernanke could do anything they want by pretending it is for the stability of the financial markets, especially since no one could challenge their actions in court .
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URL to article: http://www.prisonplanet.com/under-proposed-bailout-feds-could-speculate-nationalize-any-company-or-industry-or-do-anything-else-they-want-using-taxpayer-money.html
URLs in this post:
 George Washington’s Blog : http://georgewashington2.blogspot.com/2008/09/under-proposed-bailout-feds-could.html
 Fact Sheet: http://www.ustreas.gov/press/releases/hp1150.htm
 oil wars and wars to protect Israel: http://georgewashington2.blogspot.com/2008/05/neocons-admit-that-war-on-terror-was.html
 no one could challenge their actions in court: http://georgewashington2.blogspot.com/2008/09/we-have-days-to-stop-700-billion.html
 Bernanke Admits Bailout is NOT Aimed at Helping Taxpayers: http://www.prisonplanet.com/bernanke-admits-bailout-is-not-aimed-at-helping-taxpayers.html
 US forced banks to take bailout money: http://www.prisonplanet.com/us-forced-banks-to-take-bailout-money.html
 Despite Taxpayer Bailout, Fed Says Banks Tighten Loan Standards Most on Record: http://www.prisonplanet.com/despite-taxpayer-bailout-fed-says-banks-tighten-loan-standards-most-on-record.html
 Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week: http://www.prisonplanet.com/bank-borrowing-from-fed-already-exceeded-bailout-total-in-last-week.html
 Federal Reserve Loses $2.4 Billion In Taxpayer Money In Most Recent QE2 POMO Interval: http://www.prisonplanet.com/federal-reserve-loses-2-4-billion-in-taxpayer-money-in-most-recent-qe2-pomo-interval.html
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