Saturday, October 4, 2008 13:01
Doesn’t Resolve Fears On Economy, Credit Congress approved a $700 billion bank bailout
Friday, but stocks tumbled as investors worried that the plan wouldn’t
be enough to stem the credit crisis or keep the US economy from falling
into a recession.
Bank Closure Story Peddles Bailout Propaganda A hoax Internet rumor that has been doing the
rounds over the last few days posits that unless the House follows the
Senate in approving the bailout bill tonight then all U.S. banks will
be forced to close for one week. The scam is noteworthy because it echoes
the fearmongering rhetoric being spewed by the White House, while the
source of the claim leads back to an alleged FBI informant.
Inspector General: Rove needs to answer to prosecutor While he was able to compile a nearly
400-page report exposing the fundamentally flawed, politically motivated
processes that led to the unjustified firings of nine US Attorneys,
Justice Department Inspector General Glenn Fine says more details of
the scandal remain unknown.
Nuke strikes in US after the election
Christian Broadcasting Network co-founder Pat Robertson, in a new update
to his Web site, states that, “we have between 75 and 120 days
before the Middle East starts spinning out of control.”