So we've got 700 billion dollars going to bailout the institutions who, along with their willing accomplices in Congress, are largely responsible for the current financial catastrophe. Unless you are one of those 40% of residents in the US who pay no federal income taxes, you might have some interest in how your taxes (and ultimately those of your great grandchildren) are being disbursed.
Mark Cuban over at Blog Maverick has given us a point to Bailout Sleuth, a site tracking the Treasury Department's execution of the bailout. And, while I know this might stun you, the first documents released relating to the Treasury Department's contract with the Bank of New York Mellon Corp. - well, they actually blacked out the compensation amounts and terms.
Since we're just taxpayers, maybe we don't need to know such details. You can click the images on this post to see a larger version of these "censored" documents. You may want to download them and send them to your Congressman and Senators and ask them if a shroud of secrecy between the Treasury Department and these financial institutions is what they had in mind when they handed over $700 billion of our money?
Seems like a reasonable question.
Our country is being run by ignorant people who don't know what they are doing, but they will get back all that they sow.
You should check out a video on YouTube called "North American Union". Some of the spiritual stuff in the video is weird, but the political stuff that has been in the works for years and years is scary.
Posted by: Dragn | October 20, 2008 at 03:54 AM
So I wonder if I could try this sort of thing on my next credit card bill.....??
Posted by: Zion | October 22, 2008 at 12:53 PM