foreign banks as financial agents of Federal Government with full law enforcement authority over the citizens in the US. Section 3 (b) allows the US Secretary of the Treasury to put any kind of debt, including credit card, home loans, personal loans, automobile loans, etc., into the TARP programme. Section 112 allows the US Secretary of the Treasury to astoundingly extend financing to foreign banks to purchase the debt of the American people. Section 112 (1)(a) allows the US Government to …

One, a huge issuer of Visa and Mastercard, just said the annualized net charge-off rate for US credit cards — debts the company reckons will never be paid — rose to 9.33 percent in March from 8.06 percent in February. In other words, Capital One whose credit card promotions take up hefty space in the mailbag of every US postman is in big trouble, and under one in ten of these credit card holders will have a messed up credit rating for several years to come. Wall Street and its …