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Archive for October 13th, 2008

The Bush administration rushed to revamp the largest U.S. bailout plan in history Monday, working with executives of the nation’s biggest banks to shift and shape new pieces and get desperately needed credit flowing. Stocks soared around the world in response to dramatic efforts here and overseas — and the possibility of even bolder American action.

Sure like the assembly of a ONE WORLD GOVERNMENT. But headed up, owned and controlled by whom?

Scrambling to catch up with events, Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and the bankers were modeling many parts of their revamped program after strong initiatives in Europe, where governments put $2.3 trillion on the line Monday in guarantees and other emergency measures to save banks there.

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