NYT: Senate to Vote Today on the Bailout
Well, I guess one way to educate the constituency is to let the market plunge for one day. Anyone else worried about US credit after the bailout?
http://www.nytimes.com/2008/10/01/business/01bailout.html?scp=2&sq=senate%20to%20vote%20on%20bailout%20today&st=cse
3 Comments:
It's important to understand what we're bailing out. And to do that, you need to understand who founded the Federal Reserve, and why. JP Morgan, Senator Aldrich, very, very interesting.
http://en.wikipedia.org/wiki/Federal_Reserve_Act
http://www.bos.frb.org/about/pubs/begin.pdf
John D Rockefeller...
Criticism at the time of the Fed Reserve bill by a Representative Henry:
"is wholly in the interest of the creditor classes, the banking fraternity, and the commercial world, without proper provision
for the debtor classes and those who toil, produce, and sustain the country."
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