Hello everybody and thank you for tuning into the Liberty Report with us today Daniel

Macatams our co-host Daniel good to see you this morning. Good morning Dr. Paul how are

you? Did you get your bailout over the weekend? I went and checked the mail two or three times

the one day with Sunday and they don't deliver mail so that's when it'll all come it'll

all come toasty. So anyway the bailouts are always available to everybody I saw something

today about France you know and they're leaders of Liberty. But you know what the prime minister

there is a little goofy and I think he sort of leans left but he came out and he wanted

to save their social security business so he wanted to have retirement age at 64 instead

of 62 and the people are totally hysterical. I mean economically speaking you could make a case

for what else are you going to do you don't have the money that you know I think Reagan did that

and the 80s they changed the dates a little bit but I know that it was I mean but to me what it

meant how are we in this country going to react if you even made any attempt to cut anything that

made a lot of sense they'd rather bet on the government printing up the money but you know there's

trouble with our banks I guess you know about that and we've been reassured though after I see

said they could handle it and then JP Morgan Jamie Diamond he said and he's involved of course he

bought out he bought out the left over for first repolling and he said the system is very very sound

don't sweat it you know you say don't sweat it out but so people are supposed to be reassured

but this is a big deal and it's a lot of money wow and it's interesting it's so mixed up because

they're they're going to get a lot of money from the Federal Reserve the FDIC and the loan is

for 50 billion and it's fixed interest for five years they never have to worry about

interest rate is going up and I don't know what the final interest rate was but it's better than

what somebody would get for a housing loan and and another thing I learned about looking at this

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