The bailout is a sham favoring foreign investors

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	The bailout is a sham favoring foreign investors

spirithiker

10-4-2008 3:06 PM

193 views

tags:

politics, wall street bailout

spirithiker says:

There isn't any provision to prevent Secretary Paulson from defining any other financial asset as "promoting financial market stability", and while he must notify Congress, they cannot block his purchase.

Why is the cut off date for mortgages to be helped so far in the past? March 14, 2008 seems a bit arbitrary to me.

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