Horrid! Horrid! Horrid!

The bailout bill means total financial dictatorship. This bill gives the death penalty to capital markets. The execution will, if this passes, begin immediately and be stretched out over succeeding years. It includes such nooses as: 1. The Secretary of the Treasury (Finance Czar) gets complete power to buy up any mortgage-related assets he decides on. No questions asked. 2. The Finance Czar (Secretary) and the Fed Chairman get power to buy ANY FINANCIAL ASSET (wow!). They need only inform Congress in writing what they are up to. 3. The Czar can buy troubled assets of ANY financial institution he … Continue reading Horrid! Horrid! Horrid!