Many of you know there is something inherently wrong with the latest “bail-out bill”, but you can’t put your finger on it. Here, let me help!
The bail-out was engineered for “foreign debt”!
Monies for domestic US bad loans was forthcoming. But the bankers needed to protect their foreign buddies too! Why? Well, the US Bankers and the International Bankers are all on the same team! The care about their profits and their protection. “To hell with the American People!”
Proof? Just read the actual Senate Bill the House had to pass!
In part:
“11 SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES
12 AND CENTRAL BANKS.
13 The Secretary shall coordinate, as appropriate, with
14 foreign financial authorities and central banks to work to
15 ward the establishment of similar programs by such au
16 thorities and central banks. To the extent that such for
17 eign financial authorities or banks hold troubled assets as
18 a result of extending financing to financial institutions
19 that have failed or defaulted on such financing, such trou
20 bled assets qualify for purchase under section 101.”
I added the bold emphasis to make sure you caught it.
So, how are you feeling? A little “screwed?” You should! Uncle Sam screwed the American People by allowing borrowed funds from the FED (International & US Bankers) to purchase bad debt from foreign banks and foreign governments!
I bet you didn’t even get a “french” kiss for that one, did you?
Be sure to call and thank your Senator and Representative!
Just thought I’d shed a little light on things!
Publius