This is not what America wants!
More Money For Banks
http://news.yahoo.com/s/ap/20081014/ap_on_bi_ge/financial_meltdown
President Bush has decided to push another $250B to banks by buying direct shares in them. Yes, the government is going to be buying shares in banks. First $700B, now another $250B. Does anyone have the total figures of money put in by US Government, the Fed and other sources?
From the article, with link above, by Martin Crutsinger - AP:
Some of the big banks had to be pressured to participate in the program by Treasury Secretary Henry Paulson, who wanted healthy institutions that did not necessarily need capital from the government to go first as a way of removing any stigma that might be associated with banks getting bailouts.
We are now pressuring banks to take money so that the government can have a stake in them? Talk about disturbing news.
President Bush has decided to push another $250B to banks by buying direct shares in them. Yes, the government is going to be buying shares in banks. First $700B, now another $250B. Does anyone have the total figures of money put in by US Government, the Fed and other sources?
From the article, with link above, by Martin Crutsinger - AP:
Some of the big banks had to be pressured to participate in the program by Treasury Secretary Henry Paulson, who wanted healthy institutions that did not necessarily need capital from the government to go first as a way of removing any stigma that might be associated with banks getting bailouts.
We are now pressuring banks to take money so that the government can have a stake in them? Talk about disturbing news.
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