Thread: While world debated bailout, Treasury snuck bank merger tax break under congress nose

VIDEO: The Real News Network - Paulson's $140B surprise

Danny Schechter: While world debated bailout, Treasury snuck bank merger tax break under congress' nose.

"Bush's previous Treasury secretary, Paul O'Neill, recently disclosed to the Financial Times of London an internal study calculating the long-term bill for the administration's tax policies: a cumulative deficit of $44 trillion. The study was suppressed, and O'Neill left the administration. "

YouTube - CNN Reports on President Bush - Where's the Love?

The Devil is real! :fainting:

Originally Posted by Horhey

VIDEO: The Real News Network - Paulson's $140B surprise

Danny Schechter: While world debated bailout, Treasury snuck bank merger tax break under congress' nose.

This should not surprise anyone, hell I have been ranting about it for some time. The bailout is mis-nomenclature, it is nothing but a consolidation of banks, soon these banks will buy stock in failing companies, you might see that start with Detroit, but guess who owns major shares in the banks, your government.