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Wall Street Breakfast: Must-Know News

The thing that people should notice is that the Federal Reserve has to allow GMAC to become a bank when the Fed is a private bank primarily owned and governed by the richest elite families in the world. To get any loans from U.S. Taxpayers as a bank, you have to meet terms specified by these elite families and they and only they approve your qualifications. The car companies' survival depends upon the approval of these same people. If you work in the auto industry, you job exists at the whim of the elite. Your life exists based on whether or not the companies you depend on to live it meet the terms dictated by a small number of elite people. The only way that your life will be successful is by making sure that much of it is spent making these people wealthier and giving them more power. You thought you were free. You also think that you are being fed correct information about the car companies and their union by the media that they own.

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Details of the Financial Bailout Package

The alternative is that taxpayers and their future generations don't assume the bad debt that bankers intentionally created for themselves at all. The alternative is that the banks loose instead of our children.
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