In 1989, the country lost 3000 Savings and Loans institutions. They were liquidated by the Resolution Trust Corporation run by the FED's. It looks like their at it again.

The nation's banking system got too big for the FED's to control. So, they gave them enough rope (greed) to hang themselves. They helped to pass deregulation laws in the name of "helping the poor and needy" to achieve the American dream of owning a home. Mortgages were giving to the homeless, out of job workers or just anybody who could sign their name.

The London and German banking system (the Rothschild family) started the program to buy bank stock in these troubled institutions. Most of them don't realize that they are going to go the way of the 1989 Savings and Loans. Poof!! All gone or merged into the big three.

Panic and fear has caused the 15 countries that use the Euro as their currency to join France, Germany and, of course, the "big store" London to initiate the program.

The FED's "Golden Trio", Bush, Bernanke and Paulson sat with smiling faces when they urged a quick action to make direct purchases of bank stock to help unlock lending. No snow and still we're on a sleigh ride.

Ol' smirk puss really wants to leave us one hell of a legacy. Yea, the history books will tell the sad tale of his Presidency. But unfortunately, he will be long gone basking in the Texas sun in Crawfordsville.

Good golly, Ms. Mollie, they are very cleverly pulling the wool over our eyes. Fear tatics and Murdock's newspaper empire has put the world at unrest.

What gets me is the statements that the Bush administration received "authority" to make direct purchases of stock in banks in our $700 billion bailout finance rescue bill from Congress. Yes, these unsavory, you know what, opened the $$$$$floodgates of our money for decades to come.

And, no this is no babble, let me list what this is going to cost the U.S. taxpayers:

March 11, $200 billion to banks--March 16, $29 billion to JPMorgan/Chase & Co. for Bear Sterns--July 30, housing bill for $300 billion to back cheaper mortgages--Sept. 7, pledges $ 200 billion to Fannie Mae & Freddie Mac-- Sept. 16, $85 billion loan to AIG--Sept. 16, FED pumps $ 70 billion into nation's financial system to help ease credit--Sept. 19, govt guarantees $50 billion aganist losses in the money market fund--Sept. 29, $620 billion is made available to the central banks for currency swaps-- Oct. 3, Bush signs $ 700 billion bailout package-- Oct. 6, extends another $150 billion for short term loans and Oct 8, the FED agrees to lend AIG an additional $ 37.8 billion. Totalling $ 2,441, 800 billion dollars. Holy Cow!! And their is more to come.

History will show this as being the biggest "ripoff" of--well man, you tell me???

In the mean time, France is piss at the U.S cuting off their "arms" program to Iraq when Saddam Hussein was in power. Ooopps, sorry, we are again kissy face with France because they can resume selling: rockets, weapons,and all sorts of weaponry to our little Iraq brothers. After all we're off to Afghanistan. Cherrio' ol' chap.

Remember, most of the Iraq's military equipment has been supplied by the U.S. and Britian. Do you get the picture??

FLASH: It going to be something to be seen when the $700 billion man(?????) takes over. But, that's fodder for another column.

Now, go softly into the night. mgf