Apparently former Treasury Secretary Henry Paulson summoned the CEOs of nine major banks to Washington D.C. and basically told them they had no choice but to accept partial government buyouts of their banks -- to take large sums of cash, and pay the government in preferred shares of stock:
While this is widely understood as government bailing out the banks, I have to wonder whether it may really be the banks bailing out the government. Force the banks to take large amounts of fiat currency which will soon be worth substantially less if inflation kicks in, in exchange for ownership stakes in the banks that includes actual hard assets.
Love & Liberty,
((( starchild )))