HR 3996, the Automatic Bailout Bill of 2009

Jake Towne

11/23/2009

HR 3996 will cede power to the FED to force companies to obey the FED’s orders if the company’s actions or size pose a threat to their own “safety and soundness” or to the “financial stability of the United States,” which are both incredibly vague and undefined terms.

The story continues …..

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