Check out this section of the bill;
The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 101.
This means we’ll be buying the bad loans of FOREIGNERS, not just us.
On Kudlow tonight it was revealed Paulson would not support it and Bush would veto it if it had in it a provision to stop the above from happening! Who do they represent, us Americans or some set of globalist masters?
I always thought that the rumors of globalism was tinfoil-hat material but what was tinfoil yesterday seems to be breaking news today!
We HAVE to stop this, or we’re dead as a country.
LQ
Sure sounds like it. The Senate version of the House bailout bill is another draconian bureaucratic monstrosity.