Daily Reckoning provides this quote on the original week of the frantic search for legislation regarding the bailout:
Take Rep. Brad Sherman (D-California), a bailout critic. During debate over the bailout bill that passed the House Friday, he said of the previous bill that had failed, “Many of us were told in private conversations that if we voted against this bill on Monday that the sky would fall, the market would drop 2000-3000 points the first day, another couple thousand the second day, and a few members were even told that there would be martial law in America if we voted no.”
Is Sherman engaging in hyperbole here? I daresay that’s not the point. The mere possibility he’s not engaging in hyperbole should send a chill down our spines.
Remember this note on Martial law and the last part of the national security update stating “..and other conditions.” Has this little bit been changed?