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U.S. Weighs Backing Bank Debt
The U.S. is weighing two dramatic steps to repair ailing financial markets: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits.
Webmaster's Commentary:
Years ago I predicted the day would come when Americans faced a simple choice between two alternatives. Either Americans would cut their losses, stop tossing good money after bad, and let the old regime collapse into the black hole of debt of its own making, or Americans would allow themselves to get sucked down into that abyss with the government.
Take a look at the above quote. Which alternative is happening right now?
Who will stop it?
Posted on Oct 10, 2008 at 06:50

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