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President George W. Bush, the Treasury Dept., the Federal Reserve and the Federal Deposit Insurance Corp. are all out in force today, as they should be. You own a piece of some of our biggest banks today.
Bush went first, explaining to the… ... Continue reading »
Bush went first, explaining to the… ... Continue reading »
8 months ago
What I wonder is why didn't they do this in the first place? Sounds like the $700 billion was just thrown into a bottomless pit never to be seen again. Whereas nationalizing the banks gives the taxpayer a share of the action until things settle and the "loan" is returned.