Federal Bailout Plan Disaster Pt.2/3

Federal Bailout Plan
First hour guest, monetary historian Andy Gause offered analysis on the economy and the federal bailout plan. Our financial system is leveraged out-- there is $3 worth of debt for every dollar in existence, he said. Further, the creation of "debt instruments" was allowed to proceed without any oversight from the Federal Reserve, an organization itself that's completely exempt from oversight, he commented.
Wednesday September 24th, 2008
Host: George Noory
http://www.coasttocoastam.com/shows/2008/09/24.html
http://www.andygause.com/