Banks May Pool Billions to Stop Securities Sell-off

While it's generally realized by informed individuals that at some point our financial and monetary system will become cataclysmic, there's a blue sky waiting for those who cherish individual liberty. The American people no longer trust their leaders. People no longer believe what their government, media or Establishment leaders tell them. In the view of many, their government is losing its paternal status of being a benevolent provider to that of being an oppressor, an administrator of tyranny by a select few. All of this distrust is good, and must occur before substantial change and a return to the rule of law can be achieved. Taxpayers know in their hearts that in the end the US Government will toss in their hard-earned money to bailout the bankers. In spite of crocodile tears from Treasury about "these stressful times, and everyone doing their part", Americans know the Government will be lying while it picks the peoples' pockets.

It took eleven years after the 1765 Stamp Act for the colonialists to finally Revolt and Secede from the King's rule. The events leading up to 1776 are fascinating when viewed chronologically of which a bullet list is here. There were many, many other triggers besides the Boston Tea Party.

New York Times

Several of the world’s biggest banks are in talks to put up about $75 billion in a backup fund that could be used to buy risky mortgage securities and other assets, a move designed to ease pressure on a crucial part of the credit markets that threatens the broader economy.

Citigroup, Bank of America and JPMorgan Chase, along with several other financial institutions, have been meeting to come up with a plan to create a fund that could prevent a sharp sell-off in securities owned by bank-affiliated investment vehicles. The meetings, which began three weeks ago, have been orchestrated by senior officials at the Treasury Department, and the discussions have intensified in the last few days.