More Tax Money for Banks?

Jim Schneider began this broadcast with updates on the following stories: --National Public Radio now denies cutting sectarian programming. --Hate crimes legislation in the Senate (SB-909), although still in the Judiciary Committee at this point, remains a threat to free speech for Americans. --HR-1966, the Cyber Bullying Prevention Act, could squelch free speech on the Internet. Craig Smith is the President and CEO of Swiss America Trading Corporation, an investment firm specializing in U.S. gold and silver coins. Smith is an expert in tangible assets, as well as an author, commentator and frequent radio and television guest who gives analysis of economic trends. He also writes a weekly column for Worldnetdaily.com Stress tests were given to the top 19 banks to see which ones would be able to withstand further deterioration of assets. Craig believes these tests were "reverse engineered" in the sense that the government had a conclusion that they wished to bring to the American public so that they could say everything is ok. The conclusion? Craig feels that the banks, while in good shape overall, as a sector they aren't in good shape. Are U.S. banks too big and important to let them fail? Is there a move to nationalize our banks? With nations looking for an alternative to the U.S. dollar, does this signal the beginning of a one-world currency? Craig tackles these questions along with questions from listeners on this timely edition of Crosstalk.