While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Republican (fascist/socialist) President George W. Bush after consultation with Benjamin S. “Helicopter Ben” Bernanke, Chairman of the Federal Reserve Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks; Henry M. Paulson, secretary of the treasury; C. Christopher Cox, Esq., Chairman of the Securities and Exchange Commission; and various leaders of the Democratic (socialist/fascist) 48th counterfeit CONgress (elected in accordance with the fraudulent 17th amendment), urges that CONgress pass the 700,000,000,000 “dollar” the three-page Economic Stabilization Act of 2008 (a.k.a. the “Billionaire Bailout (and left taxpayers the) Bill”):

       Government intervention is not only warranted, it is essential.

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       The Federal Reserve … acted to prevent the disorderly liquidation of the insurance company AIG [with 85,000,000,000 “dollars” in fiat (Latin for “let it become”) money — TAC].

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       The Securities and Exchange Commission … suspend[ed] the practice of short selling on the stocks of financial institutions.  This is intended to prevent investors from intentionally driving down particular stocks for their own personal gain. … Anyone engaging in illegal financial transactions will be caught and persecuted[sic].

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       We must join to move urgently needed legislation as quickly as possible, without adding controversial provisions that could delay action.

       NOTES:

• During the speech, Bush proudly stated that the department of the treasury is extending 50,000,000,000 “dollars” in emergency loans, through the loans from the Exchange Stabilization Fund, to insure the previously uninsured, and unregulated, money market funds.
• After the speech, Bush confessed to the national media, “I was told by[my] chief economic advisors that the situation we were facing could be worse than the Great Depression.”
• Also on this date, Henry M. Paulson, Jr., secretary of the treasury, in a conference telephone call threatened members of CONgress with the imposition of martial law if they do not pass his proposed the “Billionaire Bailout (and left taxpayers the) Bill”).

       [added 5/25/2021] Thanks to Freedom’s Phoenix and Bill Holmes for this entry.

       The Bernanke doctrine continues: The FRBG, announces the immediate establishment of the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility for the purpose of financing the purchases made of uninsured Money Market Fund assets by commercial banks.

       NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.

       [added 5/25/2021] Thanks to Jim Lorenz for this entry.