THOUGHT FOR THE DAY!
Treasury could buy debt for 2 years under plan: report
The U.S. Treasury would have authority to buy whole loans, collateralized debt obligations and mortgage-backed securities under an evolving financial market rescue plan, CNBC reported on Friday, citing an unnamed Treasury official.
Webmaster's Commentary:
So, we cannot know how much this plan is actually going to cost us, because over the next two years, who knows what other debts will be revealed (or be created)?
This is an open-ended deal. There is no end to the cash drain on this plan.




Click for torture scandal links
Dead because of a lie. Dead because selfish people in government wanted a war and lied to get one. How can you not be angry?


Comments
Gotta take care of investors first
chillyphantomWhat do WE THE PEOPLE mean to the current situation?
They are the cash cow that will save the investors - some of them members of government.
I'd call that a huge conflict of interest - if not outright theft.
But, Americans are too damned stOOpid to do anything about it.