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THOUGHT FOR THE DAY!

I like to think of myself as a patriot, but even more so as a man. Where the two disagree, I say the man is right.-- Hermann Hesse - Author (1877-1962)

 

House passes bailout

"I applaud the action taken by the Congress," said Federal Reserve Chairman Ben Bernanke. "The legislation is a critical step toward stabilizing our financial markets and ensuring an uninterrupted flow of credit to households and businesses."

Webmaster's Commentary: 

They are taking $700 billion away from you and giving it to the banks to loan back to you at interest.

But if nobody borrows it ...

Comments

House passes bailout

poorrichard

Somebody said today that the bailout has expanded to $850 billion because of the pork bribes to the congress/senate critters. To get them to pass it..It takes some slush funds.

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