Senators back new bank to finance infrastructure

Mar 15, 2011 Full story: www.mercurynews.com

A bipartisan group of senators, joined by both business and labor leaders, on Tuesday backed the creation of a government-owned but independent infrastructure bank to help the nation deal with its daunting shortfall in spending on transportation, energy and water projects.

Full Story
Rico

Guatemala

#1 Mar 15, 2011
Washington!= Scam-City', just another arm of the FED, racking in the profits...

More 'Debt-notes' won't help anyone except the banksters!!

We need 'REAL money', money backed with Gold and Silver!!!
A Nnoyed

Market Rasen, UK

#2 Mar 15, 2011
Fantastic news for America.

You'll be getting the Fannie Mae and Freddie Mac Infrastructure Bank.

The new motto is "Don't worry, we'll only cost the public a trillion this time and that will be progress"
Mothra

Phoenix, AZ

#3 Mar 15, 2011
"A bipartisan group of senators, joined by both business and labor leaders, on Tuesday backed the creation of a government-owned but independent infrastructure bank to help the nation deal with its daunting shortfall in spending on transportation, energy and water projects."

Why would labor leaders be involved?

"The bank would only be involved in projects that generate revenues, from fees or tolls..."

Oh.... never mind.

Sounds like another payoff to union labor.

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