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Old 10-09-2008, 11:37 AM
BlueAngel BlueAngel is offline
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Join Date: May 2007
Posts: 10,799
Default Re: So, about the economy ...

I love how the FED is referred to as the government. The FED is a private entity.

Seems now the FED has a perfect opportunity to swallow up some private banks that aren't owned by them.

Excerpt:

The Bush administration is considering taking part ownership stakes in certain U.S. banks as an option for dealing with a severe global credit crisis.

Huh?

The BUSH ADMINISTRATION is considering taking ownership?

How so?

The White House considers ownership stakes in banks?

Huh?

How so?

So, who is taking part ownership in these failed, private banks?

The Bush Administration, The White House or the FED?

US government may take part ownership in banks - Yahoo! News

White House considers ownership stakes in banks - Yahoo! News

Last edited by BlueAngel : 10-09-2008 at 11:43 AM.
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