LOL, our president....the "free marketeer"....or is it "mousekateer", or is it huckster for the wealthiest one percent of our population....?
To the indoctrinated kool-ade drinkin' "capitalists" on this board....don't wanna say I told you so, but...... I think I have....over and over and over and.....
Quote:
http://biz.yahoo.com/ap/080314/fed_credit_crisis.html
AP
Fed Pledges to Supply Cash
Friday March 14, 1:53 pm ET
By Martin Crutsinger, AP Economics Writer
Fed Endorses Rescue Effort for Bear Stearns and Pledges to Supply Cash to Financial System
WASHINGTON (AP) -- The Federal Reserve invoked <h3>a rarely used Depression-era procedure</h3> Friday to bolster troubled Bear Stearns Cos. and said it will provide even more help to combat a serious credit crisis.
The action won praise from the administration, <h2>with President Bush saying that Fed Chairman Ben Bernanke was "doing a good job under tough circumstances.".......</h2>
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Substitute your own name in the headline, for "Bear Stearns"......fat fucking chance of that, huh?....... are they gonna give "Bear" a "Do Over", too?
Quote:
http://finance.yahoo.com/
Bear Stearns Slammed on JP Morgan, Fed Bailout- AP
The federal government and JPMorgan Chase & Co. teamed up on a bailout of Bear Stearns Cos. on Friday, a last-ditch move to save the investment bank, which acknowledged its dire financial straits <h2>after a week of firm denials.....</h2>
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...and they deserve a bailout, and a "Do Over"?....honest and forthright criminal thugs...denying anything until they collapsed.
President Bush will do and say, and authorize and endorse anything to attempt to prop this mess up until he gives up on any possibility of installing McCain in the White House....