Hoax Bank Closure Story Peddles Bailout Propaganda A hoax Internet rumor that has been doing the rounds over the last few days posits that unless the House follows the Senate in approving the bailout bill tonight then all U.S. banks will be forced to close for one week. The scam is noteworthy because it echoes the fearmongering rhetoric being spewed by the White House, while the source of the claim leads back to an alleged FBI informant. • Why the Bailout Stinks While the U.S. Senate predictably capitulated to the demands of Wall Street last night, for the first time in recent memory the House listened to the American people and blocked Paulson’s bailout of his rich buddies by US taxpayers. US seizes ‘$5bn of Saddam’s assets’ Washington has seized $5 billion as blood money for the ouster of Iraqi dictator Saddam Hussein, an Iraqi security official has revealed. US economic dominance over - Russia THE era of US global economic dominance is over and the world now needs a new and “more just” financial system, Russian President Dmitry Medvedev said today. Expert: Iran strike would cause ’serious depression’ A former CIA agent and expert on Iran offered a grim assessment on Tuesday of American options in dealing with that nation, saying that “sanctions have failed,” surgical strikes will lead to unacceptable retaliation against US interests, but a conventional war and invasion would “look like World War III.” • Euro Falls to 13-Month Low Versus Dollar; ECB Debated Rate Cut |
Friday, 3 October 2008
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