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George Bush wants you and I to hand over a $700 Billion check to the financial firms which are screaming for cash before our economy tanks even more than it has already.
According to ABCNews the FBI is investigating some of these firms.
The FBI has opened preliminary investigations into several financial institutions whose collapse created chaos on Wall Street, law enforcement officials tell ABC News.
Investigators are probing investment bank Lehman Brothers and insurer American International Group, or AIG, for possible fraud, according to law enforcement officials.
A senior official tells ABC News that lending giants Freddie Mac and Fannie Mae are in the government's sights, as well.
The Republicans want us to help finance their crooked friends? I would hope that our House and Senate will say no to this bailout in its present form.
Speaking of the bailout. Here is the alternative plan from GOP Conservatives.
The stripped-down plan advocates a two-year suspension of the capital gains tax and calls for pull privatization of Fannie Mae and Freddie Mac, which were taken over by the federal government earlier this month.
My question is, why do away with the capitol gains tax since these firms aren't making any gains in the first place? Aren't they supposed to be losing money, hence the need for $700 Billion?
I smell are Republican rat.
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