Thursday, November 13, 2008

Get Your Bailout Money Here

Think your company deserves bailing out? Apply for your portion of the bailout package using this form from the US Treasury. Will you get it? Probably not. Most of the money is going into buying bank stocks, according to Treasury Secretary Henry Paulson.

In a press conference yesterday, Secretary Paulson stated that the money would be used to purchase bank stock.

As we reported earlier this week, the bailout has grown into the trillions of dollars. Very little of this, if any, is going to help average Americans. Where the money is going isn't at all clear. Neither the FED nor the Treasury Department will disclose that information.

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