Thursday, February 12, 2009


What is the Bush/O'bama financial apparat going to do with all the insolvent banks in this country?

If they give the banks enough money to save them, whether directly or by buying overpriced loans, it's highway robbery and the fiscal irresponsibility could crush Treasuries and put them in the ground for good.

But letting the banks die or be nationalized is unacceptable to the apparat.

So far they release vague plans so that it's impossible to determine which path they are taking.

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