The Financial Bailout Fiasco

The House has passed a new bailout bill to hand over $5 billion to the International Monetary Fund and help secure $108 billion in loans to the IMF. The House attached it to a completely unrelated provision war funding bill.

This is H.R. 2346, the Supplemental Appropriations Act of 2009. This bill passed the House last month with strong bipartisan support, but the Senate and the conference committee made several controversial adjustments to this current version, including an additional $5 billion for the International Monetary Fund (IMF) and a clause that would allow detainees housed in Guantanamo Bay to come to the United States.
The measure in the bill will also increase the U.S. member contribution to the IMF by $8 billion and authorize the United States to back the IMF’s plan to sell 400 tons (12.97 million ounces) of gold.

It was placed in the bill at the behest of the Obama administration in order to fulfill the president’s pledge to the G20 in April, to contribute toward a $500 billion boost for the IMF, which it says will go toward “helping poorer nations” during the economic downturn.
see......... http://thomas.loc.gov/cgi-bin/query/D?c111:4:./temp/~c111YGscGa::
http://www.infowars.com/house-passes-bill-with-global-bailout-provision/