Nov 24, 2008

The Daily Buzz - The U.S. Government Is Ready To Lend Out 7.4 TRILLION Dollars

-Bloomberg is reporting that the U.S. government is prepared to lend more than $7.4 trillion to rescue the collapsing financial system.

-Even more reckless government spending: The FDIC has announced that it will guarantee up to $1.4 trillion in U.S. banks' debt for more than 3 years as part of the U.S. government's financial rescue plan.

-Now the U.S. government is working on a plan to bail out Citigroup.

-3 more banking chains have failed. In the biggest number of bank seizures on a single day ever, the Federal Deposit Insurance Corporation have shut down two failing banks in Southern California and one in Georgia.

-Barack Obama has appointed New York Federal Reserve Bank President Timothy Geithner as the new Treasury secretary. Appointing a Federal Reserve insider is NOT change.

-There is new evidence linking eating meat to cancer in humans.

-A Sacramento television news helicopter has spotted a UFO.

-This financial collapse is forcing the U.S. to flood the world with even more dollars.

-An Iranian general was in charge of a Hizballah war exercise that was reportedly coordinated with Tehran and Damascus.

-Israeli Defense Minister Ehud Barak says that Hizbullah now has 42,000 missiles.

-Three German intelligence agents have been charged with throwing explosives at a EU office in Kosovo - were they caught in the act of trying to stage terror?

-One of the key leaders in the "emerging church" movement has written that "gay, lesbian, bisexual, transsexual and queer" lifestyles are compatible with the Christian faith and should have the blessing of the church.

-New York City officials have ordered 22 New York churches to STOP providing beds to homeless people.

-A new survey in the U.K. reveals that for Brits it is easier to believe in ghosts and little green men from outer space than to believe in God.

-Lastly, scientists have discovered a 21st century black plague that spreads from rats to humans.

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