Judicial Watch and Power Line have recent posts on the October 13, 2008, government meeting with the major banks which allowed the government to take $250 billion equity stakes. Through a Freedom Of Information Act (FOIA) request, Judicial Watch has obtained some of the major documents relating to that meeting. The documents show Obama Treasury Secretary Tim Geithner, FDIC Chairman Shelia Blair, and Fed Chairman Ben Bernanke co-hosted the meeting with Paulson.
There is a lot here--pressure put on the banks--opting out was not allowed, making sure the poeple who feared 'nationalizing the banks' were kept quiet, and notifying the Presidential candidates (but not able to reach McCain). The situation is frightening, but the fact that without Judicial Watch's FOIA Request we would know none of this is even more frightening.
Please follow both links and read both articles. We are on a runaway train here, and the only way to stop it is for people to be informed about what is happening behind the scenes.
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