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Tag Archives: wall street crisis

US Nationalizes 9 Major Banks: Welcome to Facism

14 Tuesday Oct 2008

Posted by Dagny Gromer in Political

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banks, facism, Political, wall street crisis

From the Washington Post:

In pressing the bank executives to accept partial government ownership, Paulson’s message was clear: Though officially the program was voluntary, the banks had little choice in the matter. In exchange for giving the Treasury minority stakes, the nine firms would jointly receive an investment worth $125 billion. The government would make another $125 billion available for the next 30 days to thousands of other banks and thrifts across the country.

Read this description of facism. We be there. I still want my country back, but I become more pessimistic of this happening by the day. R.I.P. U.S.A.

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