Posts Tagged ‘Bailout’

Bailout Business?

Wednesday, November 12th, 2008

Author: Ernie Fitzpatrick

Where is it in teh Constitution that it says the role of the Federal government is to bail out business? And when we begin that process and enter the black hole, how low, how deep can we go anyway? At what point does the one who does the bailing out, need bailing out? Is that even a possibility? We have entered unchartered waters and I’m sure we’re going to encounter some “unintended consequences”.

By Steve Selengut

Dateline Washington, October 19th (get it?) 2010: the Peoples Bank & Trust of America has now established itself as the only bank of any kind in the USA, totally owned and managed by the US House of Representatives.