Aren't you glad you dished out over $700 BILLION for NOTHING, American taxpayers?! When you gonna start chopping heads, America?
"Stocks fall again; Fed intervenes on lending; To buy short-term debt of hamstrung firms" by Casey Ross and Andrew Caffrey, Globe Staff | October 8, 2008
US stocks plunged again yesterday as central bankers around the world rushed to bolster deteriorating financial institutions and restore lending to companies that are cutting back because they are frozen out of credit markets.
Yeah, WE KNOW!
U.S. Banks Driving Credit Crunch ON PURPOSE!!
Bush Administration Created Credit Crunch Crisis
It is ALL being done ON PURPOSE per the GLOBALIST PLAN!!!
In the United States, the Federal Reserve Bank took the extraordinary step of saying it would directly buy the short-term debts of businesses locked out of frozen credit markets.
You know what that means, right, Americans?
"If the Fed were to step in, it would come closer than ever to lending directly to businesses, risking more taxpayer dollars"
Its chairman, Ben S. Bernanke, also signaled the central bank may soon cut interest rates because the "severe financial instability" the country is now experiencing "can take a heavy toll on the broader economy, if left unchecked."
Yeah, thanks for DESTROYING OUR DOLLAR, Bernanke (another Zionist Joo)!!!!
The Dow Jones industrial average lost 508.39 points yesterday, mostly in late trading as news surfaced that the British government is preparing to spend as much as 50 billion pounds to rescue that nation's leading banks.
Told ya: European Banks to Follow Bush Blueprint for Bailout
The financial situation around the world appears to be worsening despite a series of extreme, if disjointed, measures by governments to contain the problems, including the passage last week by the US Congress of a $700 billion bailout of banks and other firms burdened by toxic mortgage-related loans.
Mutual fund manager Warren Isabelle of Ironwood Investment Management in Boston said he was struck by how little effect the Fed's efforts have had so far. "The Fed can't be the Shiva with eight arms that can do everything for everyone," he said. "We're running out of bullets. The point is, nothing works."
Not telling the BLOGS anything they don't ALREADY KNOW!
Meanwhile, news accounts in London reported that the British government today will disclose it will inject public funds into the nation's top banks and possibly take other steps, after their shares plunged because of concerns about loan losses and other financial problems. Among the hardest hit was the Royal Bank of Scotland, parent of Providence-based Citizens Financial Corp., which fell 39 percent after Standard & Poor's downgraded its credit rating and said the outlook for the company is "negative." --more--"
Here is more on the "less talk, more action" looters at RBS!
"Citizens' parent seeks aid; Royal Bank of Scotland among those in bailout talks with UK leaders" by Jenifer B. McKim, Globe Staff | October 8, 2008
Royal Bank of Scotland Group, the parent of Citizens Bank, is seeking a financial boost from the British government after the bank's credit was downgraded and its share price plunged 39 percent yesterday on fears of massive losses.
Where is MY FUCKING BAILOUT!?? Jesus Christ!!!!!!!!
Citizens, headquartered in Providence, is the second largest bank in New England and one of the 10 largest US commercial banks. It has more than 24,000 employees and 1,600 branches in 13 states, including about 260 branches in Massachusetts. --more--"
Uh-oh!
At least we won't have to see those sickening TV ads anymore.
You know the Royal Bank of Scotland group, right, readers? Those nice guys with the "less talk, making it happen," commercials with the blabbing groom dissing his bride, so another guy says," I do?"
Then a voice over says if Jack's best holes for all the masters would give him a card of 48, making it happen, the RBS."
That group? Making what happen?
Also see: Memory Hole: Dubai Defense Contractors
