Group Description: First, we were told that the Iraq war would pay for itself. Now we are told that the bail outs will turn a profit for the tax-payer.
BUT WHY IS CONGRESS IN SUCH A HURRY?
September 30, 2008 - that is when investors (mainly foreign, China and Arab, and some Europeans.) have a deadline.
The deadline is this - you can only withdraw money once invested in a hedge fund once per quarter and the next withdrawal is this Tuesday - September 30, 2008.
Withdraw request have been pouring in from over-seas in an attempt to make Tuesday the Second Great Depression.
WHO OWN'S AMERICA?
The trouble is that most managers don?t have too much cash on hand. When China breached the Pentagons security system earlier this year, every American should have known that we were at war. China has found a way to defeat America without ever firing a shot. And we paid for it.
Congress and the President's fears are simple: as over-seas investors try to withdraw their funds like a run on a bank everyone's going to see the Emporer is naked. The Wizard of Oz is smoke and mirrors and this bail-out is not to save Main Street or even to bail-out Wall Street but in fact is to bail-out the failures of the two-party system.
" But when a long train of abuses & usurpations, pursuing invariably the same Object evincesa design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, & to provide new Guards for their future security".
U.S. Declaration of Independence, July 4, 1776
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