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House Approves Bailout For Financial Markets

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posted on Oct, 3 2008 @ 01:04 PM
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House Approves Bailout For Financial Markets


www.cnbc.com

The House approved a revised $700 billion financial rescue package, ending a weeklong battle over a controversial measure after lawmakers came under pressure to head off a growing financial crisis.

The plan, which was already approved by the Senate, would allow the government to spend billions of dollars to buy bad mortgage-related securities and other devalued assets from troubled financial institutions.
(visit the link for the full news article)



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posted on Oct, 3 2008 @ 01:04 PM
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Bye Bye America. It's over.
We have entered a new era, a Fascist Socialist society.
I can't believe that our House let us down. I actually had hope they wouldn't pass it.

What does this mean? Well the Dow went down 200 points the instant it passed. So I would say it means the death of the U.S. Dollar. It means that no one else on the planet will want to hold Dollars anymore.

www.cnbc.com
(visit the link for the full news article)



posted on Oct, 3 2008 @ 01:28 PM
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