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The $700 Billion Wall Street Bailout: One More Weapon of Mass Deception


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The $700 Billion Wall Street Bailout: One More Weapon of Mass Deception

Richard W. Behan

Not since the Bush Administration's lies about Iraq's "weapons of mass destruction" have the American people been so despicably misled.

The Bush Administration's proposal to buy, with taxpayers' money, $700 billion of toxic liabilities from the corporate financial titans of Wall Street is a fraud. It is by no means necessary, as Treasury Secretary Henry Paulson claims in the agency's Fact Sheet, "...to promote market stability, and help protect American families and the U.S. economy."