Federal Reserve Openly Defies House on ‘Bailout’ Proposal

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Today, the U.S. House of Representatives stopped HR 3997, commonly known as the “700 billion dollar bailout bill.” Interestingly enough, the Federal Reserve went ahead and injected 620 billion into the system ANYWAYS…

http://www.msnbc.msn.com/id/26941860/

through some sort of “currency swap” that I do not pretend to understand…

…proving that they never need to ask the permission of Congress to do this. We also know that they have been producing currency on an average of 188 billion dollars PER DAY last week, in order to sustain the illusion that our economy has not already collapsed.

http://news.yahoo.com/s/nm/20080926/bs_nm/us_financial_centralbanksbiz

Still with me folks? So the question remains… why go to all the trouble? What was this bill REALLY about?

Well, if it’s anything like other bills the Reps were not given ample opportunity to read before they were rushed into an ‘emergency vote’ (cough PATRIOT ACT cough cough)… we can expect there’s some very scary language attached to it…

Anyone know the answer? What else was in HR 3997: The Emergency Economic Stabilization Act of 2008?

http://publicmarkup.org/bill/emergency-economic-stabilization-act-2008/

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