Bailout becomes buy-in as feds move into banking »

Posted By STONERS 8 months, 3 weeks ago in Business & Finance

Big banks started falling in line Tuesday behind a rejiggered bailout plan that will have the government forking over as much as $250 billion in exchange for partial ownership — putting the world's bastion of capitalism and free markets squarely in the banking business.

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  • 100%
    STONERS8 months, 3 weeks ago

    "The new plan, President Bush declared, is "not intended to take over the free market but to preserve it."

    And we should believe him NOW?

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    nikkibabe8 months, 3 weeks ago

    India nationalized all banks in 70's to avoid what this country is experiencing.

    Now US government is doing it through the back door!

    It is like Bush & his Republican hypocrites preferred to wear gay wedding gowns overnight!!

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