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Drama behind a $250 billion banking deal

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posted on Oct, 15 2008 @ 04:29 PM
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Drama behind a $250 billion banking deal


www.iht.com

WASHINGTON: The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, then Treasury Secretary Henry Paulson Jr. said they must sign it before they left.

All told, the potential cost to the government of the latest bailout package comes to $2.25 trillion, triple the size of 700BLN
(visit the link for the full news article)




posted on Oct, 15 2008 @ 04:29 PM
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I can't believe this

this is going from mass theft to pure insanity.

Are they out of their minds?

When are people going to do something?

They chose 700billion as an imaginary number, and now they are tripling it?

It's like there wasn't enough of a global economical shift?


"I don't think we need to be talking about this a whole lot more," Lewis said, according to a person briefed on the meeting. "We all know that we are going to sign."




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



posted on Oct, 15 2008 @ 04:31 PM
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still less than europe has thrown at the problem - with the uk and europe together they have pumped in $3.3 TRILLION and still the system fails

and the bankers still take holidays



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