Saturday, April 4, 2009

Bank Bailouts

Same problem, same questions.

"Is there any reason why the American people
should be taxed to guarantee the debts of banks,
any more than they should be taxed to guarantee
the debts of other institutions, including merchants,
the industries, and the mills of the country?"

by:
Carter Glass
(1858-1946) Newspaper publisher, US Senator (D-VA), author of the Banking Act of 1933, U.S. Secretary of the Treasury under President Woodrow Wilson.
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