House passes bailout

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THOUGHT FOR THE DAY!

"Whoever heard of a hundred thousand animals rushing together to butcher each other, as men do everywhere [during war]?"-- Desiderius Erasmus, Dutch humanist, 1466-1536

"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 ...

Posted on Oct 03, 2008 at 11:10

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ECONOMY

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