Friday, October 3, 2008

UPDATE: Bailout

Consider Signing Petition HERE

Fresh Air and Clean Politics-- Such beautiful work for us all... Also read Senators Bernie Sanders & Russ Feingold as well as Katrina & Nicols of The Nation

UPDATE: Former Wall Steeter Pam Martens writes:

But the most duplicitous and frightening aspect of the plan, as always, was to found, buried in the back of the document, located there in the hopes everyone would have fallen asleep from the legalese before they made it that far. There's the innocuous sounding Section 128, which was in both the original and amended versions, and says simply:

"Section 203 of the Financial Services Regulatory Relief Act of 2006 (12 U.S.C. 461 note) is amended by striking 'October 1, 2011' and inserting 'October 1, 2008.'"

What would this effectively do? It was intended to speed up the enactment of this section of the law from 2011 to this week...

See rest of this short piece & more here soon and just below under Bailout ...

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