THOUGHT FOR THE DAY!

Truth needs no law to support it. Truth is self-evident to all. Truth withstands re-examination. Truth survives questions. Throughout history, from Galileo to Zundel, only lies and liars have resorted to the courts to enforce adherence to dogma." -- Michael Rivero

 

Biggest Bailout Ever: Did the Government Go Too Far?

Not surprisingly, the market's up huge on this news. The moves should head off a run on money-market funds, restore liquidity to the financial system, and, as bank analyst Tom Brown puts it in the accompanying video, create a general "time out" for the panic to recede.

So what are the costs? Almost certainly:

* Higher taxes
* Higher interest rates on government debt
* Bigger government deficits

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Posted on Sep 19, 2008 at 13:18
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Comments

1

Of course not

chillyphantom

There were some 200 government members that would have lost a fortune if they hadn't bailed themselves out at your expense. They knew you were too damned stupid to do anything to stop them. So, they've done what was right for them. They helped themselves to your future earnings.

Have a nice day SHEEPLE.

09/19/2008 - 18:50

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