Never before has a president used 520 billion from our exchange stabilization fund to bail out a foreign country. The ESF is not the Presidents personal piggy bank. This fund is supposed to be used to stabilize the dollar. not the peso. The President was wrong. and I am outraged. The President has used scare tactics to justify going around Congress to bail out Mexico. The President claimed that world stock markets would crash and floods of illegal immigrants would cross our borders. The President was wrong. and I am outraged. As former FDIC Chairman Bill Seidman testified last week.
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illegal immigrants