While you were sleeping... Banks Want YOU to Bail Them Out
Posted March 24th, 2008 by lastmovement
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Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis.
Such a move would involve the use of public funds to shore up the market in a key financial instrument and restore confidence by ending the current vicious circle of forced sales, falling prices and weakening balance sheets.
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Actually...
it's fascism.
HMMMM
What type of political/economic system do they call it when Banks are Nationalized (bailouts and through the new TAF window at the Fed), Business is Nationalized (PPT?) and Government buys the property of the serfs by scooping up mortgages.......must be democracy.....
Various forms of Socialism
Various forms of Socialism and fascism.
It´s not part of a free market republic.
I like Capitalism NOT
LOL.....people really need to wake up!
They usually try this and
They usually try this and ultimately fail.
Jim Rogers' Point Exactly!
For those of us who've heard Jim Rogers' talk about abolishing the Fed, this is one of the points he makes about Bernanke flying his helicopter around collecting mortgage payments...This speaks precisely to that point--and it will all be on our backs!
Please, friends--remember Dr. Paul's bill, HR 2755, to abolish the Fed. Please call and/or write your Congressional rep and tell him or her that you want their co-sponsorship of this bill. We must begin chipping away at this--steadily and relentlessly. This "creature" must be killed.
Thanks for the post!
kihjji
kihjji