Tuesday, September 16, 2008

Merrill Bailout Disguised as Buyout?

The Bushies lie about the war in Iraq, about wiretapping, about torture, and so the fact is, US government under the Bushies really lies to the Amerian citizens about every single thing happening in our government today. This is why Mike Stathis's column sounds exactly right to me.

It appears as if we are witnessing government bailouts using taxpayer money that are being deceitfully disguised as buyouts. Not just with the Merrill buyout but also this newly established $70 billion emergency bank fund, set aside to help out banks with future problems. Where do you think this money is coming from? The banks certainly don't have it. It is coming indirectly either from the Fed or the U.S. Treasury.

We'll know for sure when Bank of American is the next bank that needs federal bailing out too.

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