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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%4:00 PM EST

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To: lorne who wrote (47291)1/20/2000 6:48:00 AM
From: long-gone  Read Replies (1) of 116762
 
And when those jerks in Washington saved some farmers Just WHO did they Really Bailout?
(everything but gold)
Saturday January 15, 11:32 am Eastern Time
Banks Were Aided Along With Farmers
By PHILIP BRASHER
AP Farm Writer
WASHINGTON (AP) -- Prices for wheat and corn are as low as ever in Garden County, Neb., but things at the Nebraska State Bank are looking up. Only half as many farmers need federal guarantees to qualify for credit this year, and almost every borrower now is up to date on payments.

The reason? The $8.7 billion farm-economy bailout Congress passed in October, said Mike Jorgensen, the bank's president. More than $2 million of the emergency aid went to Garden County's 400 farms. ''I think the government payments have made a lot of difference,'' Jorgensen said.

Indeed, analysts say, the unprecedented infusion of government farm aid over the past two years has been a boon for banks as well(cont)
biz.yahoo.com
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