Protests against Wall St bailout starts

GDB2222

Generali wrote: »

If the banks go bust, the banking infrastructure remains. Why would food riots start? The government can create money and credit - that's a big part of the point of fiat money after all.

It can be done, no doubt about that, but can it be done quickly enough?

geoffky

here meanwhile we just get a £400million pounds tax rise and no one say boo


http://www.stopthehousingbailout.com/

baby_boomer

Yes. At least they are debating it in America.

Here Parliament has no say and the bail out is happening incrementally, by stealth, with no democratic scrutiny.

We just have to accept that Gordon is making "the right, difficult decisions" :rotfl:

And exactly how much authority does he have to do this?

For those of you who find the Americans difficult to understand / stomach, let me assure you that the Americans will be looking at us with astonishment over our weird form of government which claims to be a democracy, and wonder why we are a nation of "yes" (wo)men.

Where is the UK equivalent of this clause in the US bill before Congress?

"Four agencies will monitor the deal, including an independent Inspector General and a bipartisan oversight board"