PAULSON REVEALS US CONCERNS OF BREAKDOWN IN LAW AND ORDER
By Daniel at 19 July, 2009, 9:21 pm
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By Stephen Foley in New York
Friday, 17 July 2009
The Bush administration and Congress discussed the possibility of a breakdown in law and order and the logistics of feeding US citizens if commerce and banking collapsed as a result of last autumn’s financial panic, it was disclosed yesterday.
Making his first appearance on Capitol Hill since leaving office, the former Treasury secretary Hank Paulson said it was important at the time not to reveal the extent of officials’ concerns, for fear it would “terrify the American people and lead to an even bigger problem”.
Mr Paulson testified to the House Oversight Committee on the Bush administration’s unpopular $700bn (£426bn) bailout of Wall Street, which was triggered by the failure of Lehman Brothers last September. In the days that followed, a run on some of the safest investment vehicles in the financial markets threatened to make it impossible for people to access their savings.
…article continues….
http://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.html
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Makes one wonder if those so-called “FEMA camps” are real or not. Hmmmm……
Rep. Brad Sherman adresses the House: Floor Speech:
http://www.youtube.com/watch?v=p6KRXnYgu5I
Sherman clip about “collapse”:
http://www.youtube.com/watch?v=HaG9d_4zij
http://www.youtube.com/watch?v=7sCODW-cR_s
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