The government's plan to strip banks of troubled assets could force some firms to record large losses, but the painful purge would help restore confidence in the banking system, according to Sheila C. Bair, chairman of the Federal Deposit Insurance Corp.Note all the uses of conditional verbs: "could," "would," and "might." "Probably" has been thrown in for even more contingency.
Bair said yesterday that the effort might require more money than the $700 billion Congress has approved to aid the financial industry, but she added that taxpayers would probably reap an eventual profit on the asset purchases.
This administration doesn't know what it's doing, but is nevertheless forging ahead on the path of socialism.
This we do know, with no conditional verbs required: socialism is a form of enslavement, via high taxation and nationalization of industries and businesses.
The Drunkard's Path quilt, visual metaphor for this leftist administration:
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