More Details Emerge About Obama Bank Rescue Plan

Isn't that what they do in communist (aka socialist) China? The major difference is stability and ownership. In China, the CCP - Central Communist Party own the banks (as stewarts of the people no doubt). Bank profits revert to the government. In the US and free world based upon pure capitalism without social constraints, the banks are in private hands. Banks are business enterprises set up to make profit for its investors/private owners. It need not be concerned about being stewarts for the greater good of the people. The international banking cartels set the monetary exchange value, supposedly based upon various economic indexes, money supply, etc. from nations whose currencies are recognized for international trade. Their main concern is to keep the profits flowing between borders and into their institutions. The 1 trillion, now 2 trillion bank bailout has done little to loosen credit because these international banking conglomerates have been covering their own losses as their bank stocks plummet. We have no idea where American taxpayer bail out dollars end up in the mix because banks are parts of a fluid digital international banking network. No doubt, in China where over 30 crimes carry the death penalty - huge bank fraud would be one of them. In the west, banking and investment cheats get bail out money from the taxpayers. Such a deal!

Tony Lee of CA 5:58PM February 23, 2009