Patriot Radio News Hour_9/19/08"The Point of No Return"4/4

RON PAUL SEGEMNT FROM GLEN BECK(2)
http://www.allamericangold.com/
Rescue package could cost half-trillion dollars
Largest chunk of the plan would require congressional approval
Treasury Secretary Hank Paulson briefed congressional leaders Thursday night on plans to address the "illiquid assets" on U.S. financial institutions' balance sheets, possibly including the creation of a government facility to take on financial firms' bad debts. The proposal to create a massive facility to buy mortgage-backed securities could cost as much as a half-trillion dollars and would involve the purchase of both private-label and government-guaranteed mortgages, according to an administration official. The plan would have two parts. The largest part would be the purchase of private-label (those underwritten by Wall Street) mortgages by some as-yet unnamed vehicle. Financing would occur through the sale of treasuries, the official said. That part of the plan would require congressional approval. The idea is to hold the securities to maturity. The average mortgage has a life of about 7 years.

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[Kiddolinfen]

Is it wrong that I find this show really enetertaining?

[grubernick]

you guys are great - that's how emotional everybody should be about this mess.

And we got no democratic institution that can offset this global hegemonial monetary system. we europeans don't vote for our ecb chiefs.... you guys don't vote for your fed governors who spend 14 years in office. then they brought up greenspan... everybody likes greenspan, he's an adorable old guy - what a move... - as you said. these are very intelligent people taking care of their families - no solidarity needed.

[ohnoesfedzilla]

w00t i found a gold mine!!  liberty!

[theroseofsharon47]

Did anyone want to talk about that no politician has talked about any of this? NO Family please look into 1913. Wilson said 'he has ruined his country'

Take care, Love

[AmericanMale1953]

I can't believe this. I'm over 50 and this country is falling apart. You can't blame one Party, the safeguards never work! Buy precious metals over time. Hank Paulson is worth in the hundreds of millions of dollars, how can they even relate to our woes?

[Kiddolinfen]

Well I better get good seats because the tickets were REALLY expensive. : D

[AngriestAmerican]

Not at all,,,you are about to be part of the biggest show in history ever,,sit back and enjoy!!

[YettiRAF]

Nice to see the views for johnny's youtube videos go up as the economy gets worse. Still a small view count tho.

[graphicsprincess]

Great show!

[southdakota1001]

At the end of August, I called my broker and told him to liquidate most of my stocks into cash. 24 Hours before the Dow dropped the first 500 points, I invested most of the cash into Gold. Gold blossomed the next 2 days.