Saturday, October 4, 2008
Wall Street Loves to play Brinkmanship!
Congressman Brad Sherman from California gives a chilling account of how Paulson warned of martial law if the bailout wasn't passed. You can deduce his argument rather easily. "We need money to get credit flowing because the banks will fail. And if the banks fail, there will be massive unemployment which will lead to civil unrest. We will have to call in the army and impose martial law and perhaps even have a dictatorship. Now you wouldn't want that on your tenure????? So give us $700 billion or else!!!!!!!! Also Senator Cantwell from Washington stating her opposition to the TARP.