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To: rabscuttle385
$85-$90 billion "loan/bailout". Shareholders still take it in the shorts and the taxpayers are put a financial risk over a private company.

Somebody please remind me what country I live in again?...

The Treasury and Fed are out of control, and George Bush is not doing a thing about it.

53 posted on 09/16/2008 5:03:18 PM PDT by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
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To: politicket

Did you think that GWB was a free market man? LOL!


55 posted on 09/16/2008 5:04:58 PM PDT by Comparative Advantage
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To: politicket

I’m following the developments at the financial blog Calculated Risk. As someone there put it, at this point the Federal Reserve has literally become a taxpayer-funded hedge fund.

You are looking at the grossest expansion of federal executive power in recent history.


62 posted on 09/16/2008 5:10:48 PM PDT by too_cool_for_skool
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To: politicket
Somebody please remind me what country I live in again?...

China is our banker. If they want AIG bailed out, the Fed had damn well better start bailing. Paulson and the Administration don't get a vote - and neither do the taxpayers.

64 posted on 09/16/2008 5:11:27 PM PDT by Mr. Jeeves ("One man's 'magic' is another man's engineering. 'Supernatural' is a null word." -- Robert Heinlein)
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