Sunday, September 21, 2008

U.S. Treasury Widens Scope of Plan to Buy Bad Debt

“Officials now propose buying what they term troubled assets, without specifying the type, according to a document obtained by Bloomberg News and confirmed by a congressional aide.

The change suggests the inclusion of instruments such as car and student loans, credit-card debt and any other troubled asset. That may force an eventual increase in the size of the package as Democrats and Republicans in Congress negotiate the final legislation with the Bush administration, analysts said.”

$700 Billion is about to become $1.5 Trillion in free money for the banksters.  My guess is they are looking ahead to the Credit derivatives bubble blowing up (perhaps sooner rather than later) and want to establish the facility now for handing over the cash when the time comes.  This will not end until they steal every last penny and control every asset in this country.  The dollar is doomed through massive inflation and a hyperinflationary depression is becoming more certain by the minute.  END THE FED BEFORE IT ENDS U.S.!

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