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Still think it wasn't a hostile takeover of Wall Street?Keep watching and ask yourself why the
government doesn't want you to know the details
Well, the evidence is saying otherwise.
The U.S. government is under no obligation, ever, to surrender any of the assets it purchases as part of the federal financial bailout plan, a Treasury Department official told CNSNews.com on Friday. That includes the ownership interest the Treasury is buying in nine major banks and the shares it hopes to purchase in perhaps hundreds of other smaller banks around the country. “It would be (left) up to the government’s discretion as to when they would want to sell it (private assets) back,” spokeswoman Jennifer Zuccarelli said. Under the bill signed by President Bush, only the Treasury Secretary’s purchase authority is set to expire, not the authority to hold or relinquish assets held by the government. The bit that I thought was interesting was that the government "asked" the banks not to disclose terms. Honestly, if this wasn't the government, it would be called what it is. Extortion. Racketeering. Theft. You know, those things that government is supposed to protect people from. 
Posted: Fri - October 24, 2008 at 11:57 AM
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 Pagan Vigil
Pagan philosopher, libertarian, and part-time trouble maker, NeoWayland watches for threats to individual freedom or personal responsiblity. There's more to life than just black and white, using only extremes just increases the problems.  My Thinking Blogger Nominees
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