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private interests
Feds Take Over Two more Banks, with 28 Branches, to Hand Them over to Private Interests Later -- More Corruption in Gubment --
Get ready for another Bear-Stearns-like bailout. In this case, two more banks fail, the feds move in, "take over" and prepare to re-sell them to other private interests after the gubment pays off bad debt with YOUR money. Question: If these banks are good to sell, and good to buy, why get the government involved? The buys would just go through if the banks were good investments. The reason they aren't good sale prospects is shown to us, BECAUSE the gubment stepped in. Here is the piece:
http://news.yahoo.com/s/ap/20080726/ap_on_bi_ge/bank_takeover