April 10, 2008

Yes, your tax dollars will be used to bail out BEAR STEARNS

Today CNBC and other news outlets reported that Treasury Secretary Hank Paulson confirmed what we have suspected. Since this loan was backed by Bear Stearns' worst collateral, worthless assets consisting of subprime mortages, YOUR TAX DOLLARS, $100 PER CITIZEN, WILL BE USED TO BAIL OUT RECKLESS INVESTMENT BANK BEAR STEARNS.

read more | digg story

Fed takes boldest action since the Depression to rescue US mortgage industry

No comments: