Markets Fall: Government Throws More Money Away.

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toma...@americancitizenstogether.org

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Oct 7, 2008, 6:11:07 AM10/7/08
to American Citizens Together
You don't have to be a lawyer to know if someone is lying -- But when
a lawyer catches a witness in a lie it is often the beginning of the
end.

What caught my eye in this clip is: the government (USA) "will begin
paying interest on the reserves that banks leave on deposit."

Humm....we print the money...we give the money to the banks at super
low interest rates...now the banks can give us back the money and
charge us interest!?

The next big part of the plan is to buy unsecured loans for threatened
banks that may go out of business.

Humm...Note: Other countries are buying assets
or Number One Preferred Stock...meaning they get paid first if these
banks fail.

Also, rather than seeking to "inspire confidence," some suggest it
would be better to dole out the cash for every new loan the banks
make...which is what we want them to actually do.

Other lies: "optional," warrents; & "mark to market," valuations.

While our house burns, these alleged "firefighters," are stealing our
goods.
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