Jerome a Paris has an interesting post over at The Oil Drum this morning, suggesting that the $700 Billion is not about propping up the banking sector per se, but is in fact about re-capitalizing the Fed, which is now over-extended due to previous ad hoc moves.

As horrifying as that sounds, it’s not nearly as bad as one of the comments to the story, which suggest that troops are being redeployed from Iraq to USA for duty in case of civil unrest. Is this really happening?

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