Sounds like blackmail to me.
If you don't go along with our full scale rip off plan, we will crash the economy.
Fuck the bail out!
I say all involved need to be prosecuted, for corruption, swindle and manipulation.

The bailout itself if taken to it's possible end could well do the same thing. Money doesn't grow on anything nor does it suddenly fall from the sky. Things must still be paid for and we have been borrowing heavily already.

From what mysterious place is all of this money going to come from?

Has America sold it's soul down the river of no return?

Well according to the FED money does grow on trees. They just pull it out of thin air.
So the fed will loan the money that they just make more numbers on a computer. Then they will charge interest, and pass the debt on to the US tax payer.
It's a bullshit scam designed to completely bankrupt the American tax payer, and rape and pillage all real property.
It's time to take these fuckers before a grand jury!

Lick the boot!

"Lick the boot!"

WTF are Treasury officials doing? TRYING to spur a huge sell-off of U.S. assets?

So far their management seems like a text-book example of how to START a crisis.

And I've got to say, given their track record, the minute I hear "Bush approves this plan" or "Paulson says this is necessary," I want to do exactly the opposite.

You say you want a revolution.........

Sounds like blackmail to me.
If you don't go along with our full scale rip off plan, we will crash the economy.
Fuck the bail out!
I say all involved need to be prosecuted, for corruption, swindle and manipulation.

---------------------

I agree. Let them fall. But I also am not stupid enough to believe that they will not be bailed out. Only little people pay taxes...

Cut Congresses, senators, and government wages in half to help save money.

Cut Congresses, senators, and government wages in half to help save money.

Shawn- exactly. It is the little people that pay taxes, but it's our apathy to whats going on in the big picture of the world that is allowing dirty politicans to thrive and create our destiny. If we keep going down this road, then revolution will be the only course of action. It won't happen in our lifetime, but possibly a children's lifetime. One thing is for sure, George W. Bush will always be remembered as the Nero of our time.

Same old sh*t different day. Too much credit to too many losers.

20k per year can get you a half million dollar house in America... Or at least used too.

Gold standard? What happened? We would still be in good shape.

Print more money federal reserve! Maybe the paper prices will go up.

"Let the truth be known....

www.youtube.com

#13 | Posted by ride_on"

Stop spamming, moron.

Pelosi's first 100 days was a joke. Now Nancy, Barney, Hank, Chuck, Chris and Harry, have bankrupt the country. This will get worse.

At a time when oil prices are at their highest and it was obvious to any layman that the financial system was about to collapse..you folks went on vacation.

Get a box, get your stuff and get the hell out of my government.

Ride On, I heard about this You Tube clip and it does do a good job laying out info that needs to be aired.

But the total blame lays in wider path and over a greater amount of time then presented in the vid.

From a value of services perspective, the liquidity injection seems warranted. -- TownnCountry, #12

Good article, Town.

I should clarify my #6 post. I agree something has to be done about liquidity, and the deal on the table may be the right one.

I cannot believe Treasury officials are running around like Chicken Little, though. Anyone think the stock market is going to go up tomorrow after this?

I hate to say it, but it seems this deal must go through. Now.

The Asian markets are already steadying on the news of an agreement for a Bill.

I has spoken.

(God is being colloquial today.)

Ok explain this to Me like I am a 6 Year old(Danzel Washington in the Movie Philidelphia) What would happen if this deal did not go through?? Seems to Me the ones who were losing would lose and go kapoots. Then someone else would come along and by up the mess. Am I wrong on this??

Larry

SO,

65% of the coutry doesn't have a penny in stocks.

65% of the country doesn't have a penny saved for retirement. Douchebags.

The buck stops here?

How about-the buck stops in Shrubco's buddies pocket!

"It is the little people that pay taxes" -- Depends on how you define 'little people' as the bottom (approx) 40% of wage earners do not pay federal income taxes. Many of the middle class [little people] have IRAs, 401Ks, pension plans, etc., which are affected by the stock market. We lose if there is a a bailout and we lose if there is not one.

Why is it people think the bottom 40% don't pay federal income taxes?? Seems to Me that ANYONE that purchases ANYTHING from some business pays federal income taxes. Sure it may not be on Their own accounts but it IS upon the accounts of whomever they buy goods and services from.

Larry

Tell the truth,
you never wanted me.
Tell me.

I never wanted you.

MSGT: Thats the problem, everybody wants more than they can create of their own efforts.
98% of all gains go to a minority of people, your 401s and pension plans, your average savings account, your job, are last in line for gains.
Ceo salaries, traders and analysts, industry lobbiests. But most important, primary investors, take the most.
This plan may free up balance sheets, but in order for it to work, the average jane and joe MUST go out and start BORROWING MORE MONEY. The money corporations borrow doesnt count, for they are borrowing money, just to meet payroll. That simple fact, of course, brings up an entirely new set of disturbing questions, with regards to corporate-business profits.
If that does not happen, their income stream still shuts down. The entire system still slowly, deliberately bleeds to death.

Once that happens, the government can sell off the assets it acquired at fire sale prices.

this is the crux of the matter and where I get stuck. I dont believe the assets have value. they are the 30 times leveraged mortgages. People making money from loaning money from loaning money etc.

IF THEY HAD VALUE THEY WOULDNT BE BAD ASSETS!

FACT.

We lose if there is a a bailout and we lose if there is not one.

#25 | Posted by MSgt

Right. But if the bailout is approved, we can give one big massive handout to the people who created the financial disaster first. Gee, I wonder whose idea that was?

No bail out for the vampires on Wall Street or Washington. Spend that 700b to help the people that are devastated by the crash. Hey Fat Cats, I really don't care if you have to sell you 2nd summer home in the Hamptons.

Hey Congress, I have some bad debt from many years back I need a bail out on. Where is my fucking bail out?

no bailout.

if this goes through every criminal in the country will want reparations!

Forget the stocks will crash without bailout.

Turned on tv this morning? The markets are down all over the globe.

This $700 billion bailout is an out and out swindle.

In the words of our old VP...

"So?"

no bailout.
if this goes through every criminal in the country will want reparations!

-----------------------

GIMMIE!!! GIMMIE!!! GIMMIE!!! GIMMIE!!! GIMMIE!!!

Pigs at the trough...

"The bailout itself if taken to it's possible end could well do the same thing. Money doesn't grow on anything nor does it suddenly fall from the sky. Things must still be paid for and we have been borrowing heavily already.

From what mysterious place is all of this money going to come from?

Has America sold it's soul down the river of no return?"

#2 | Posted by keith204

Yeah, won't the bailout just make my every dollar all the more worthless?

The rick get richer. The poor get fucked. The American Dream?

Who is geting richer? What percentage of Americans are geting richer?

I can't wait till the market crashes. Those of you working in the fast food industry ( at least 50% of you on this site)will lose your high paying jobs.

www.youtube.com

#40 | Posted by retnluvnit

A Republican Bush administration has had 8 years to avoid this fiasco. It was completely impotent in preventing it.

Your post is a pitiful attempt to try to blame the Democrats. Go bury your head in shame.

I once asked why the government can't just print money and pay off the national debt.

I was told that putting that much money into the market would destroy the dollar. It would reduce its value.

So, what does the Treasury want to do? Put 800Billion into the market.

Isn't that what they are doing?

There is a conspiracy theory about the Rothschilds and their banking empire. Well, without a bailout, the empire will collapse.

However, I suspect there are others buying out the failures. If that is true, then those buying have high-debt. So, why are they buying bad assets?

After the Wall Street collapse, there will be buyouts and consolidation. There will be few remaining standing.

Once that happens, bring in the anti-trust laws and break them up.

Don't bail them out.

Don't bail them out.

#43 | Posted by Petrous

I agree 100%. That is exactly what is happening here.

I gonna start calling it 'The Consolidation'. lot's of small fortunes makes a nice cozy single fortune.

those sub-prime assets have some subjective value, even the foreclosures, and they will sell.

If you depend on a money market account, get the money out now.

FREE THE MARKET

FREE THE MARKET

Common sense tells me that if the government waives $700 Billion under the nose of Wall Street, they're thinking about how much of it they can steal ~ and licking their chops.

No bailout, at least not in it's present form!

Am I wrong or doesn't Wall Street have a point at which the market does into lockdown to prevent a crash?

I wished like hell someone could learn Me what this was all about so I could understand it. Liquidity ?? Money is now in liquid form ?? I don't get all of this hoity toity mox nix stuff. HELLLLLLLLLLLLLLLP

Larry

LARRY

The bottom line is that Wall Street and the banking/mortgage industry went nuckin' futz after they were deregulated and put on the honor system.

Now, instead of paying the piper for their abuses, they went you and I to give them $700 Billion Dollars so they can start all over again.

John Q. Public said "No deal ~ suck it up!"

Public opinion (voters) to the tune of 300:1 are throwing the fear of God into Congress and they're frozen in place out of fear of losing their cushy jobs.

There's no guarantee this bailout will succeed and nobody (Repub or Dem) wants the blowback for failure on their voting record.

In a nutshell, of course.

So basically it's like saying the Liquor stores could loan spirits to the winos and the Liquor stores were responsible for the oversite on how much liquor they loaned out and was paid back to and from the winos. But since the spirit makers were not regulating the Liquor stores for their spirit loans the Liquor Stores are tanking and they are wanting the non winos to pay their bills is that it??

Larry

LARRY:

Well, you grazed over a lot of stuff but, basically, yes.

There's also some sneaky language in this bill that allows the culprit CEO's to collect their golden parachutes on the way out the door.

John Q. Public sees this as rewarding failure regardless of how it's couched.

Also, the "oversight committee" who is charged with keeping an eye on continued abuse of our $700 Billion Dollars has no teeth nor muscle to stop it. They're paper tigers.

We deserve better than this. This bill is basically a patch so George Bush can avoid a deep recession on his watch.

Liquor Stores are tanking and they are wanting the non winos to pay their bills is that it??

Larry

That's one business I'd like to be in now. You may see a Liquor Store knocked over but they will never go under.

My problem with this is the Fed. It's unconstitutional in the first place. Now it's becoming all powerful and the guy is not an elected official. You can't vote him out and if you manage to get him out the next guy has the same powers. These guys are the problem not the solution.

Well TwinPac all of this Economic language gets lost for Me. It's like You are all talking in some secret code that I just don't get. I would dearly love to understand it but I doubt I ever will.

Larry

Larry:

Just chalk it up to "The Plan."

The Plan to pick up where Osama bin Laden left off.

The destruction of America's economy!

The Plan the neocons have to destroy this country so they can rebuild it in their own image.

I know that sounds like hyperbole but the neocons think far into the future and certainly far beyond Obama's eight years in office.

Let it crash. It's time to dcouple the real economy from the gamblers and game players on Wall Street who have misused their power and misused other peoples money to enrich themselves, to the detriment of the US as whole.