US to lend as much as $7.4 TRILLION….?

Posted by mcm

November 24, 2008

Bloomberg: US could lend as much as $7.4 trillion
Published: Monday November 24, 2008

“The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago,” according to an estimate by Bloomberg News.

Financial institutions have purportedly already tapped $2.8 trillion in credit lines from the Treasury. The loans are the largest provided in an economic emergency since the New Deal of the 1930s, in the wake of the Great Depression.

“Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis,” the wire notes.

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On Election Day, 2004, election fraud was epidemic in Ohio (and throughout the nation). Would-be Democratic voters were impeded or disabled by the thousands, especially (though not only) in the inner cities and in college towns.

Bush/Cheney's drive to block the vote was particularly flagrant in Gambier, Ohio, home of Kenyon College. While student voters at nearby religious schools had quite an easy time of it, Kenyon's students had to wait for hours and hours and hours. Those long lines sooned turned out to have been purposely created, through the deliberate under-supply of working e-voting machinery to the polling sites at Kenyon. (The same thing happened all throughout the state and nationwide.)

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MCM