November 27th, 2008
November 26, 2008 (LPAC) — Treasury Secretary Henry Paulson is willing to follow the British scenario and sink all U.S. banks, Lyndon LaRouche said today.
Instead of following British orders, Paulson should take his medicine, and declare the whole system in bankruptcy– reorganization in bankruptcy, not more bailouts. He may be a Christian Scientist, but this time he has got to take his medicine, LaRouche said.
LaRouche characterized Paulson’s latest $800-billion Federal Reserve program to buy junk paper, as an end-run around the debt ceiling. It is illegal and unconstitutional, LaRouche said.
Part of the reason for the British-orchestrated assassination threats against Obama is the fear that he could overturn some aspects of this illegal sham, LaRouche said.