Urgent Regarding the Bailout: D - Congressman Brad Sherman, Intent is To Bailout Foreign Countries

[Hatfield]

Sorry if this has been posted, I haven't seen anything as of yet.

Wisconsin Democratic Congressman Brad Sherman on CNBC last night discussing the bailouts true intentions.

http://www.youtube.com/watch?v=D7BgPKkHzfs

A further explanation at this youtube link below.

http://www.youtube.com/watch?v=GqIFoBXGizc

The language that is in question from the bailout bill

Text

SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES
4 AND CENTRAL BANKS.
5 The Secretary shall coordinate, as appropriate, with
6 foreign financial authorities and central banks to work to7
ward the establishment of similar programs by such au8
thorities and central banks. To the extent that such for9
eign financial authorities or banks hold troubled assets as
10 a result of extending financing to financial institutions
11 that have failed or defaulted on such financing, such trou12
bled assets qualify for purchase under section 101



WE CAN NOT LET THIS PASS

Time to flood our Senator's inbox and ring their phones off the hook.

[aquart]

1. Let's be fair. We've been living high on their money.

No, we cannot let the bailout pass, but they are just as entitled to be paid back as our own freeloading thieves.

[malaise]

4. It really is fugged up

I sure don't support the bailout but if the US banks lied and deceived foreign banks, someone will have to pay it back.

Fugg these neocons are clueless.
sp.

[ColbertWatcher]

2. Kick! n/t

[VP505]

3. NO BAILOUT ACT by

Reps. Peter DeFazio, Donna Edwards and Marcy Kaptur,Sherman and others. http://act.credoaction.com/campaign/better_bailout/?r_by=1015-1649263-tBvkaCx&rc=confemail