Another reason why folks should be really wondering why our governments are helping out these big banks. Through my eyes the government has no right in spending our tax dollars to help these banks. I know this is in the USA but it is happening here in Canada too. Take a look, then read Thomas Jefferson’s quote on how he feels of helping banks. Hmm, I wonder if I am related in some small way? My opinion only.
Barack Obama’s Administration will announce its latest economic rescue plan today by offering private investors vast government-backed loans to buy as much as $1 trillion of toxic assets from America’s stricken banks.
“If a nation expects to be ignorant and free, it expects what never was and never will be.”
“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
“I believe that banking institutions are more dangerous to our liberties than standing armies.”
“I wish it were possible to obtain a single amendment to our constitution – taking from the federal government their power of borrowing.”
-Thomas Jefferson
