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C4L: What DO Economists and Bankers Think of the Paulson Plan?

Special thanks to Holly for pointing these out.

As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan…

Continue reading… http://www.campaignforliberty.com/blog/?p=623

John Allison CEO, BB&T

We think it is important for Congress to hear from a well run financial institution as most of the concern has been focused on the problem companies. It is inappropriate that the debate is largely being shaped by the financial institutions that made very poor choices.

Continue reading… http://www.campaignforliberty.com/blog/?p=623

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Buy your food and supplies first.

Transfer your money out of JPMorgan and into your own private bank. Be sure to exchange the worthless paper FRNs into real American money, silver and gold.