"This book truly
is a must read."
-- Congressman Ron Paul
NOTICE HOW IT'S NO LONGER A BAILOUT...
Now it's a RESCUE OF MAIN STREET. Words really are powerful.
Paulson Plan Aimed at Helping `Poorly Run' Banks, Allison Says
" U.S. Treasury Secretary Henry Paulson's proposed $700 billion bank rescue aims to help ``poorly run'' companies and the primary beneficiaries would be Goldman Sachs Group Inc. and Morgan Stanley, said BB&T Corp. Chief Executive Officer John Allison in a critique of the plan.
Treasury ``is totally dominated by Wall Street investment bankers'' and ``cannot be relied on to objectively assess'' the impact of government policy on the financial industry, Allison wrote in a Sept. 23 letter to Congress. The letter was verified by Bob Denham, a spokesman for BB&T, North Carolina's third- largest bank." Bloomberg