The major change in the suggested eligibility requirements is the biggest change that Treasury publicly made after a day of briefings and conversations with Capitol Hill, and is likely the first of many.

Great idea.
-rasch lardbutt

This is paving the way for the end of the American dollar.

Will the current president stop the criminal Federal Reserve?

Will the incoming future president stop the criminal Federal Reserve?

Will the Congress stop the criminal Federal Reserve?

A global community financed by our taxpayers. Help me, I am in hell.

This really needs front page attention.

That is great f-ing news!

What the hell, it is only funny money anyhow.

Why shouldn't the US bailout the entire world?

no fucking way

I guess we have to bailout the whole world at our expense.

Whether this is bullshit or horseshit is a "distinction without a difference to the American people."

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Just like this administration - don't let anyone see what you are doing. But we can trust Bush & Cheney, can't we?

My friends, you can't have free trade without freely giving money away. When i preached drill here, drill now, I was talking about drilling the taxpayers wallets. I'm freekin' 72 for God's sake, I'll be worm food before the first balloon payment hits-what the fuck do I care?

Obama and McCains positions on this would be.......

I'm in total favor of bailing out any foreign banks,providing they move their headquarters to our depressed regions.
Royal Bank of Scotland gets some dough when they set up shop in Detroit.
Deutsche gets a check when they move their operations to Cleveland.

it was a nice country/time we had. america relegated to the dustbin of history. empire? not even a blip on the screen of history.

the corporate fascism only increases from here.

A real concern must be will anybody do business with us in the future if all the creative (fraudulent) paper we peddled to foriegners have zero value.

Let's bail out the russians too...

Great Plan!

Take hundreds of billions from both Russia and china and then give it away to other countries financial institutions.

America......we're being fleeced by Bushit!

I feel what we are witnessing, without even realizing it, are the final steps in the
creation of the New World Order.

Maintaining liquidity and countering any threat of a run on assets by guaranteeing them, will be far less damaging to our economy than "punishing" somebody, just somebody. Cutting off your nose to spite your face, is not the essence of wisdom.

#9 | Posted by northguy3 at 2008-09-21 07:50 PM

My friends, you can't have free trade without freely giving money away. When i preached drill here, drill now, I was talking about drilling the taxpayers wallets. I'm freekin' 72 for God's sake, I'll be worm food before the first balloon payment hits-what the fuck do I care?

At least Republicans and Democrats that aren't politicians can unite against this farce. Free market, my ass.

this is exactly why I do NOT vote... you guys can take all of the blame for electing the goofballs that made this happen. I was not part of this..

Nice going guys.

Use this link to write your senators and congressmen on browser mail RIGHT NOW. DO NOT let them use the middle class to bail out the rich's greed. It's the REPUBLICAN WAY to let them eat the risk!

This bailout reminds me of a fully submerged submarine taking on water and the captain calmly telling the sailors to each grab a bucket, fill it with water, then go up, open the hatch, and dump it out.

its history folks.

you are witnessing the final gasp of a dying democracy.

"you are witnessing the final gasp of a dying democracy."

...or the beginning of the violent birth pangs of a brand new one...

I guess one good thing will come from this, the fucking rest of the world will join us, in this hell! Better'n a movie, everyone loses after a while!

I'm 63, been retired for 15 years, and I figure I'm going to see one hell of a show!

Pity those just starting out though, this will postpone, again, the inevitable! Keep dragging it out, maybe we'll keep those financial wizzards around AND active! Lord knows, we're gonna need them!

the corporate fascism only increases from here.

#12 | Posted by visiter

Corporate fascism backed by government mandate and the Patriot act. Y'all still think Ron Paul is the nut?

"Maintaining liquidity and countering any threat of a run on assets by guaranteeing them, will be far less damaging to our economy than "punishing" somebody, just somebody."

Allowing people to live with the consequences of their actions is not punishing them. And your inference that "somebody" is being chosen at random shows a fundamental misunderstanding of the concpet of personal responsibility.

how much compensation will US taxpayers have to pay the
CEOs in these foreign countries??

Everyone keeps talking how bad it will be if we do not bail them out.
Bullshit.
It will be bad to begin with, the biggest differance is whom is holding the cards when the smoke clears.
Under the bailout, they keep all their wealth created by their fraud and economic manipulation.
They are also now saying we will only get a PORTION of this back.
And to give Paulson this level of authority, which is criminal under the constitution: No oversight.
Congress does not have the authority to even consider that.

Remember, paulson made his NAME and his hundreds of millions in wealth by fucking every man, woman and child in this country out of THEIR prosperity. Yes, there was colusion with other firms, and corporations, all of them should fall. Your future prosperity depends on it.

These are OVERT crimes against this nation. Where the hell are the prosecutors, the state AGs, that DO have authority to interfer with this crime?

Pull your money out of the banks! If you refuse to participate in this crime, it can be stopped. Pull your money from these corrupt hedge funds, most of which profit from the hardships of the average WORKING citizen and they bet against you!
Wake up people!

Write in vote: Ron Paul 2008

...and you dummies here need to finally realize this is Dems and Repubs in cahoots to pull this off. Always have been. What administration let the investment brokers into the banking/loan business? Hmmmm?

THe fear tactics of the administration and their demand for complete authority to dole out hundreds of billions or else we face economic armageddon amounts to economic terrorism. These are the same people who caused this calamity and now they want compete authority??? And Americans are willinly going along??? Completely predictable as the money grab at the end of all Republican adminstrations but why are Democrats going along??? Spineless bastards.

The three key provisions: (1) The Treasury Secretary is authorized to buy up to $700 billion of any mortgage-related assets (so he can just transfer that amount to any corporations in exchange for their worthless or severely crippled "assets") [Sec. 6]; (2) The ceiling on the national debt is raised to $11.3 trillion to accommodate this scheme [Sec. 10]; and (3) best of all: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency" [Sec. 8].

Put another way, this authorizes Hank Paulson to transfer $700 billion of taxpayer money to private industry in his sole discretion, and nobody has the right or ability to review or challenge any decision he makes.

Socialistic Capitalism!!!

Don't worry, Obama will come out against this shortly....

*snicker

"Completely predictable as the money grab at the end of all Republican adminstrations but why are Democrats going along??? Spineless bastards."

I thought some of the Dems were actually calling for a review of what the execs of these companies were due before approving the bailout. And the people pushing it through are playing the fear card: We have to do this right now without thinking about it or the economy will explode!!!!! I'd like to say that hand has been overplayed but it still works so it obviously hasn't been...

But when the chips are down you can count on both parties to work together to fuck over the average American. So I don't expect any protecting for the taxpayer where it pertains to funding golden parachutes for incompetents and crooks.

"But when the chips are down you can count on both parties to work together to fuck over the average American."

It sure is looking that way.

If Obama wanted to demonstrate leadership he might consider standing up and demonstrating his back bone. I'm beginning to wonder if his suit is empty, sad to say.

NOT JUST FOREIGN BANKS, BUT HEDGE FUNDS, TOO. The bailout covers the entire shadow banking system that has sprung up outside the real banking system. It's that part which is so frozen up right now because it was heavily leveraged (not regulated) and heavily invested in the mortgage-backed derivative products.

This bailout, the way it is worded, will reach a much broader range of entities than most papers are reporting.

Don't feel too sad. It is the ilk of all of our mainstream pols (both Repub/Dem and MSM) to go along (or create/perpetuate) the mainstream power broker flow. But, hey....you're old, yet still learning. There is a silver lining to everything. :-)

I was very sincere (and on target) when I said repeatedly...if ya' really do want change....Dems vote Kucunich, Repubs vote Paul.

DANNI wrote: "If Obama wanted to demonstrate leadership he might consider standing up and demonstrating his back bone. I'm beginning to wonder if his suit is empty, sad to say."

i'm having second thoughts about McCain, too. After Clinton dropped out, we have a choice between 2 idiots when it came to the economic crises of this year. McCain & Obama are equally bad in this economic crisis, but in different ways.

One thing to do is to watch which candidate shapes up first and becomes a good leader on these problems, if one of them manages to achieve coherence
& depth. They are both cramming right now. So I guess we get to see them both in action cramming for leadership on something complicated they are equally bad at. It's a tossup right now.

McCain's economic adviser was PHIL GRAMM. He wins the "worse at economics" award between the two nominess.

So....as normal we are back to voting for the lesser of two evils? Is that what you are saying Alex?

This just keeps getting better and better.

Ride-On-

No. We are voting for a wildcard vs shit.

Obama may well turn out to be shit too, but it's a toss of the dice. With mccain you know what you're getting and it aint good.

OK, I hear ya' Alex. A bad known entity and a not sure what we are getting with an unknown entity. Still fits into a definition of the lesser of two evils.

I'm still disatisfied with both of the choices.

It's the charismatic intellectual and the funny guy vs. the old man and the crazy lady.

It's a really tough decision, America. Much tougher than last round's Frankenstein and Guy Smiley vs. Midstream Cowboy and Evil Incarnate. Who will you choose?

Danni...where'd ya' go? I'm curious with all we are seeing, if you now wish Dems had nominated Kucunich and Repubs had nominated Paul. That was in the power of Dems and Repubs to do.....and we definitely would have had a change election. Differing styles and philosophies on some things (yet, they were the same on things like getting out of Iraq though) but definitely change from the mainstream clowns/criminals.

I don't see an unknown quantity as necessarily bad or evil. Perhaps not my first choice, but sometimes you have to take a chance. I certainly see Obama as a person with good character based on how he's run his campaign.

Jimmy Carter had good character TOO....yet was an economic disaster.

"Jimmy Carter had good character TOO....yet was an economic disaster."

As always when Bush destroys the economy Rideon must bring up Jimmy Carter who inherited economic problems, especially inflation, from Nixon/Ford.
Even if you placed the blame for all of the problems of that era on Carter it would still pale in comparison to the problems created by Bush and the Republicans. Compared to Bush, Jimmy Carter will seem to be a great president, but then so will Ford, Daddy Bush and Howdy Doodie. George Bush, now undoubtedly the absolute worst president in the history of the world.

Everybody is etting bailed out except the middle class taxpayer.

He just gets to foot the bill.

We need change all right. We need Paul, Kucinich and REAL, old-fashioned Reps and Dems like Truman, Ike, Rockefeller, even Nixon, Ford.

This gang of incompetents and theives will ruin the country and are well on their way to doing so.

"I'm curious with all we are seeing, if you now wish Dems had nominated Kucunich and Repubs had nominated Paul."

Now more than ever....definitely not.
Though the Dems ddidn't create this mess it is still a real mess and radicals like Kucinich of Paul are not what is needed unless you really want to see a depression in your lifetime. A cool hand moderate is what is required and also not a shoot from the hip neocon who wants to seem like a reformer after decades of bragging that he was a deregulator.

Sooooooooo Danni. What is the unemployment rate today, the interest rate today, the inflation rate today? What was it under Carter?

Those facts may be too difficult for you to type.

Ron Paul is a neocon? LOL. You must stop smoking so much NOW.

"Ron Paul is a neocon?"

I was referring to McCain in that sentence. I know Ron Paul is the opposite of a neocon, a good man, just not what I think is sensible for the problems we have right now. Same with Kucinich.

If Obama wanted to demonstrate leadership he might consider standing up and demonstrating his back bone. I'm beginning to wonder if his suit is empty, sad to say.

#35 | Posted by danni

Sorry as I am to hear it, this is good news to me. Make peace with Nader, Danni.

"I don't see an unknown quantity as necessarily bad or evil. Perhaps not my first choice, but sometimes you have to take a chance. ..."

#46 | Posted by Alexandrite

Nader is as much a wildcard as anyone... and he's not only spoken correctly on current events, he's also spoken in prediction of current events.

"Sooooooooo Danni. What is the unemployment rate today, the interest rate today, the inflation rate today? What was it under Carter?"

How large was the bailout plan under Carter???
Oh 0????
Yeah...0.

Inflation rate/interest rate were direct consequences of Vietnam. Pretending otherwise indicates either severe partisanship or ignorance.
The inflation started under Nixon/Ford
The interest rates were raised by Volker to try and combat the inflation and continued under Reagan.
When finally inflation came under control then they lowered the rates. That's history.

"Sorry as I am to hear it, this is good news to me. Make peace with Nader, Danni."

Sorry but the real problem is not Obama, it is the ignorance of the American people who will vote McCain unless he tries to appear bipartisan even though he know who caused this problem. In reality no Republican should be elected this year, they have all collectively sold out the United States for their own greed.
Tell Ralph Nader to at least get elected to any office before running for president, it is ridiculous that he thinks he should be elected president without ever holding any other office.
It is easy to appear above politics when you never have to compete in elections.

LOL, you making mention of severe partisanship is the pot calling the kettle black. Plus, I knew you would be unable to type those horrific Carter numbers, much less type them next to the unemployment, inflation and interest rates of today. However, let's all have a moment of silence as you bow to Saint Jimmah. It'll prepare us all to continue to give you your moment to bow to the next mainstream permissable "messiah". I hope drinking from the mainstream koolaide firehose doesn't make you explode.

The govt's job is not to fix the economy. Neither party can really do that. However, the govt could have had smart policies in place that limits the catastrophe of a downturn. I have no faith that McCain's advisers (see Gramm) get that concept. They prefer the free market until they need a bailout.

It is easy to appear above politics when you never have to compete in elections.

#56 | Posted by danni

I could turn that statement on it's logical end, but I don't want to mess with your cognitive dissonnance... today at least.

I like you.

RIDEON you can blame Jimmy Carter for the sins of Richard Nixon for the rest of your life but it will never change the fact that the causes for the inflation Carter battled originated from the Vietnam war, which was, as today fought largely on credit. Pretend anything your little partisan heart wants but Carter was just the fall guy....as Obama is being set up to be today.
FAct: Wars cause inflation. They have for centuries.

National debt expressed as a percentage of GDP was at it's minimum at the end of the Carter administration.

How the Democrats Created the Financial Crisis

...But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years....

How the Democrats Created the Financial Crisis

...But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them

#62 | Posted by Mutt at 2008-09-22 02:44 PM | Reply over the years....

I don't give a flying fuck what kind of bullshit you're selling. I wouldn't vote John McCain for dog catcher. He is nothing but a pathologically lying (2) faced piece of senile shit who lies with every sentence hoping he can blow one by the American people.

(13) fucking cars, (12) Houses, screws his first wife over to marry a rich bitch. An elitist power monger is all this man is and all he has ever been.

This is BS--

Ron Paul has the only plan and right comments on this issue...

Obama is nothing and McCain has the right first instinct and needs to get tough.

USA--typical Obama supporter--like an athletic supporter

McCain has the right first instinct and needs to get tough.

#64 | Posted by MURPHY at 2008-09-22 11:31 PM | Reply | Flag:

He flipped on that within 24 hours. Should he get tough again, or should he reconsider?

And you really think Obama KNOWS what the hell is going on??

Obama waits for McCain to talk--pretty funny ..

"Obama waits for McCain to talk--pretty funny .."

Well no one is going to wait for the Caribou Coward to talk...'cause she isn't talking. You know, better to keep your mouth shut and be thought a fool, than open it and remove all doubt.

Murphy-
re: "Obama waits for McCain to talk--pretty funny .."

You believe that shit? Pretty funny.

I'll tell you what. Provide me with an example, and you might convince me.

Murphy-
Just one example of where McCain states a position and Obama copies it. (examples where McCain flips and flops so much in a period of days and it's impossible to tell where he stands are obviously off-limits)

Georgia--Obama went 3--3--3 times to get something out about Georgia and he went with Mccain about the issue.

So how about that Betel?

Sarah had 60,000 in FL--

Damn you guys are dense..

Gotta go..

Later gater--

Murphy-
The problem is that McCain talks before he knows what the fuck he is talking about. It's amusing in a candidate, but it's Bush all over again in a President.

Still, give me an example and back it up. I promise to try to treat it seriously.

Murphy-
re: Georgia--Obama went 3--3--3 times to get something out about Georgia and he went with Mccain about the issue.

I have no fucking idea if that even made grammatical sense. Could you maybe express that as if english were your first language?

Georgia--Obama went 3--3--3 times to get something out about Georgia and he went with Mccain about the issue.

So how about that Betel?

Sarah had 60,000 in FL--

Damn you guys are dense..

What?

I again find myself in the position of arguing with an downright moron, so what does that say about me?

Georgia--Obama went 3--3--3 times to get something out about Georgia and he went with Mccain about the issue.

So how about that Betel?

Sarah had 60,000 in FL--

Damn you guys are dense..

Can anyone explain this to me, or translate it?

IT IS TIME TO MARCH TO WASHINGTON, DC AND MAKE THIS STOP!

I have a feeling they may be marching on us.

Go ahead, flip open pandoras' box.