Here is a joint statement by the Treasury, FDIC, OCC, OTS and the Federal Reserve:
The U.S. government stands firmly behind the banking system during this period of financial strain to ensure it will be able to perform its key function of providing credit to households and businesses. ... we reiterate our determination to preserve the viability of systemically important financial institutions so that they are able to meet their commitments.
This is exactly what Peacenik was talking about in the previous post. Peacenik asked for the truth and then sees this announcement from the US government. Every sentient person knows this announcement is a lie. The question is: When you know you are being lied to, what should you do? The public is now so used to being lied to that the public, the sheeple, yawn. But if you read this announcement and then invest your money in CITI bank, for example, and CITI bank goes broke next week, who has committed a fraud? The US government announcement is a fraud. Is anyone going to get arrested?
