If that headline got your attention this should take you over the edge......ready.......they are doing it with YOUR MONEY!
Yep.
Your tax dollars are now going to help backstop foreign banks in this financial crisis. Here's the headline news from Bloomberg today:
"Korea Development Bank was approved by the Federal Reserve to sell as much as $830 million of commercial paper to the U.S. central bank."
Oh, that is just great!
While so many U.S. citizens, your friends and neighbors included, are finding themselves underwater or at a minimum finding their primary assets (their homes and their retirement accounts) swiftly falling isn't it nice to see that our government, the trustees of our money, prioritize helping a foreign bank before our own citizens?
For crying out loud!
Where is the general media on this issue? I do not like the fiscal & monetary path we are on one bit.
All you have to do is "follow the money" with all this government bailout stuff to figure out who they really care about these days. Unfortunately, it doesn't appear that it is either your or I.
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