Libertarians for Ron Paul » “Bailout” Really About Nationalizing U.S. Financial Sector
“Bailout” Really About Nationalizing U.S. Financial Sector
“As the financial crisis continues, the Bush administration, led by Treasury Secretary Henry Paulson, is moving ahead to enact the unconstitutional and socialistic measures contained in the recently passed and misleadingly nicknamed “bailout bill” — misleading not because it’s not a bailout, but because it’s much more than that.”
“This bill — officially the Emergency Economic Stabilization Act of 2008 — is, along with the Treasury Department’s “Blueprint for a Modernized Financial Regulatory Structure,” about nationalizing the entire United States financial system, a truly radical act that will hasten the United States of America along the road to total socialism.”
Full article by Charles Scaliger @ http://www.thenewamerican.com/economy/sectors-mainmenu-46/412
1 Comment
1. New Hampshire Travel replies at 11th November 2008, 2:12 pm :
The Federal Reserve is facing a lawsuit after it failed to comply with congressional demands for transparency and disclose the destination of at least $2 trillion dollars in bailout funds, underscoring once again the failure of top down socialism and the folly of trusting the foxes to guard the henhouse.
“The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral,” reports Bloomberg.
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