Photos: CEOs Golden Parachutes From Failed Firms

When it comes to the economy, Obama is quite simply a liar. Hear him in his own words.

http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related

I'm from Michigan and we've been in a recession for almost 10 years now thanks to our last gov. republican john engler. He doesn't deserve to have his name in capitals. GW must have watched him because they did exactly the same thing. Made thing look rosy until they are almost out of office then the s**t hit the fan so the democrat coming in would look bad. I'm not for either party but what I've seen of the republicans makes me want to puke and then shoot them all. This can't go on much longer there is going to be another revolution. The sooner the better

I know I'm late with this because I just now started reading Newsweek online but it saddens me to see that a lot of us still like to draw a political line in the sand and stand on either side and throw stones. This issue, like the broader issue of finance isn't a republican/democrat thing. It's a rich/poor thing or better yet simply greed. And because the public never before truly cared one way or the other with this, it has gone under the radar for years and now has come to a head.

We've been brainwashed over the years to expect our lawmakers to lie to us to get in office and once there, do a 180 on all their promises. They in turn utilized their positions to make laws more suitable for the wealthiest of Americans that financed their campaigns to get into office. They did this with the hopes that one day after their time in office is up, they can get a lucrative position at one of these companies that their backers run. Couple this with the American mindset that if we work really hard we too can be an executive with an outrageous salary which in reality is foolish being that it's rare to find in this climate a mailroom sorter move all the way up to CEO. And because of this we never questioned anything because we thought we too could do that.

Ty tired_of_the_bs...those websites are helpful in instructing me in an arcanesubject matter. Doesn't give me much reason for optimism however.

Learn how the money system works. It's a con-game designed by some of the wealthiest men in America to systematically plunder the wealth of the nation.

These two videos explain how part of the money system works and why it's a con-game: 1) http://www.youtube.com/watch?v=cy-fD78zyvI 2) http://www.youtube.com/watch?v=G1Idxps_qEk

Google search "Quotes on Federal Reserve " and "Thomas Jefferson Quotes". For example, President Franklin Roosevelt said to Col. Edward Mandell House that "the real truth of the matter, as you and I both know...the financial element has owned the government since the time of Andrew Jackson."

Download and read Congressman Wright Patman's Primer On Money: http://eldoradogold.net/pdf/October_2006/Patman_PrimerOnMoney.pdf

Download and read The Legalized Crime of Banking, by S. W. Adams: http://www.kickthemallout.com/article.php/Story-Legalized_Crime_of_Banking

Download and read the 1939 booklet published by the Government, The Federal Reserve System: Its Purposes and Functions, with comments by S. W. Adams: http://home.earthlink.net/~cadman777/FedResSys-Adams.htm

Then send this information to everyone you know. The current economic meltdown that you and I are paying for is a direct result of the system of money designed from the start to make you and I pay and pay and pay and pay and pay. Andrew Jackson said, if the people understood how the money system works, "there'd be a revolution by morning", and it's worse today than it was when he said that.

Interesting how selective the liberal anger is with compensation issues. It's apparently OK for liberals to rake in millions in pay. How about the Mgmt Team from Fannie Mae and Freddie Mac that worked to elect Obama that made Millions and simultaneously drove our economy off a cliff by encouraging and enabling lenders to give mortgages to illegals and other people without income. These people should be prosecuted as well, but you don't hear a word from the media on those people.

These gentleman should be in prison along with the Enron exec's who screwed thousands out of years of hard work and life savings trying to reach the american dream.

They look like they could well be cast for a "family" meeting in a Godfather movie, but I'd rather see them in an old cowboy movie swinging on the end of a rope. Looks like us taxpayers will be bailing out the fools, con-men, and politicians responsible for this mess. Take our 300 million population and divide it into the near trillion dollar bailout and it comes out to be about $3,000 plus for every man, woman, and child in the country. The poor have little and there's not enough rich to pay up, so guess who gets stuck with the bill? Good luck Middle class America! This old retired History and Economics teacher has watched this coming for decades, Mortgage brokers? Investment banks? Liberal manta supporting mortgages for the poor that live month to month, Conservative laissez-faire mantra. Bought or scared politicians. Duck & Cover!
My mortgage is paid off. No debts. Life savings in CD's. Zero stocks now. Expect inflation, perhaps run-away inflation, to pay the bills and possibly destroy my life savings. Ready to go beans and bullets baby if necessary. This could be the fall. The Roman and the British Empire had their two centuries of max power. Our time may be up. Tad too serious. Go watch TV and buy the kids a video game. What did Paris Hilton do today? Good luck kiddies and ask some old person about the Great Depression. (Hint: It has nothing to do with a trench in the ocean, nor a guest on Oprah.)

They need that money. I've never seen a homelier bunch of men in my life.

He looks like an alien! What a scum-bag!

America's 300 Million people are in trouble, it's the economy, it's the Trillions of debt out there how can it ever be paid off where is the money going to come form?. Is America just printing money as it goes, what kind of place will America become in the next 10 years. Reducing dependancy on foreigh oil, after that will they build Solar pannels for the rest of the world, where will the materials come from to manufacture this mega project.

What about Solar cars design and technology takes education of the masses, where does the money come from? why does the Government think people should pay such huge Property Tax and where does the money go?. There is more questions than answers. The idea that AIG is back for more money, Freddie and Fannie, and now there is CRYSLER who is going bust. So when does it stop hemoraging?.

1-2-3....VOMIT! Why should CEOs get those kinds of bonuses for a failed bank?! Does NOT make any sense what so ever! They deserve to be publically ridiculed. That should be their punishment. All 10 of them should make the rounds on Real Time with Bill Maher, Jon Stewart Daily Show, Colbert Report, and SNL and appropriately ridiculed and humiliated for all of America to laugh with satisfaction. Public humiliation is probably the best form of punishment for those greedy terds.

THEY SHOULD BE STRUNG UP BY THE BALLS AND CRUCIFIED.....F'N CROOKS!!!!!!!!!!!!!!!!!!!!!!!!!

-JUST NATIONLIZE ALL THE BUSINESSES SO HE COULD 100% CONTROL OVER THEM.
- PROHIBITE AND PROSECUTE ALL CAPITALISM AMERICAN UNDER ANY FORMS
- CONFISCATE AND REDISTRIBUTE THE AMERICANS WEALTH INCLUDING THE ONE FROM OBAMA AS HE PROMISED

What do you really know about Obama's economic philosophy? Since he has never run a town, state or business, he has no record to look at. Oh, he has made lots of promises, but given that he broke his promise to be limited to public campaign funds, you cant put much faith in that, and there will be no means to keep those promises anyway.

But you do know that Obama, along with his democratic buddies in Congress, personally and professionally advocated for a residential housing policy favoring forced sub-prime lending, which subsequently resulted in massive defaults and foreclosures, leading to your loss of significant equity value in your home, to the point that it destabilized your banks, which panicked the stock market, which wiped out your savings.

Look and listen to Obama for yourself. Obama in this video, addressing his community activist work and his work representing ACORN in litigation against the banks and relating to the Community Reinvestment Act, and addressing the failure of Freddie Mac and Fannie Mae as those actions relate to the destruction of our economy by causing the current real estate and subsequent financial crisis, states that, and I quote:

"Subprime lending started out as a good idea, helping Americans buy homes who previously could not afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories, and spread them out among investors and around the country, as well as around the world. In theory, this should have allowed mortgage lending to be less risky, and more diversified."

Acknowledging the catastrophe, but as apologist for the Democrats, Obama then offers this justification.

"The original idea was a good one, which was, lets see if we can distribute risk more broadly, and make it easier to provide loans to people who otherwise might not be able to get one."

Yah, great idea. Economically unsound, but embraced by Obama. Listen for yourself. You cannot dispute the mans on words recorded live:

http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related

Below is a link to C-SPAN video clips of the Congressional hearings at roughly the time McCains attempt at S.190. to fix Fannie and Freddie. See for yourself who said what.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

Obama in this video, addressing his work with ACORN litigation relating to the community reinvestment act and the failure of Freddie Mac and Fannie Mae, as they relate to the current real estate and financial crisis, states that, and I quote:

"Subprime lending started out as a good idea, helping Americans buy homes who previously could not afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories, and spread them out among investors and around the country, as well as around the world. In theory, this should have allowed mortgage lending to be less risky, and more diversified."

He further states:

"The original idea was a good one, which was, lets see if we can distribute risk more broadly, and make it easier to provide loans to people who otherwise might not be able to get one."

Listen for yourself. You cannot dispute the mans on words recorded live:

http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related

Obama in this second video is campaigning at a convention of Acorn and I believe two other "Community Activist" organizations. Ask if he will be their ally if he becomes President, Obama says, quote:

"Yes, but let me say that before I even get inaugurated, during the transition we are going to be calling all of you in to help us shape the agenda. We're going to be having meetings all across the country with community organizations so that you have input into the agenda for the next presidency of the United States of America."

See and hear it for yourself. Obama promised that Acorn and other groups like it will setting his agenda if elected:

http://www.youtube.com/watch?v=8vJcVgJhNaU
See also: http://www.newsweek.com/id/164972
Stating that Gramm-Leach-Bliley Act wasn't what caused the meltdown, and noting that "economists on both sides of the political spectrum have suggested that the act has probably made the crisis less severe than it might otherwise have been."
See also:
http://boards.msn.com/MSNBCboards/thread.aspx?threadid=808692&boardsparam=Page%3d2

Below is a link to C-SPAN video clips of the Congressional hearings at roughly the time McCains attempt at S.190. to fix Fannie and Freddie. See for yourself who said what.

http://www.youtube.com/watch?v=_MGT_cSi7Rs
See also
http://www.newsweek.com/id/164732 from this web site. (oops!) stating that Freddie Mac was spending tax payer money to target Republicans in 2005 who were trying to regulate Fannie and Freddies fraud. Democrats were not targeted, as the were all in the tank with Fannie and Freddie to kill the regulations. Hear that, the article admits that Republicans were trying to regulate Freddie and Fannie, and Democrats were trying to stop it from happening as a means to facilitate the Community Reinvestment Act.

Why comment. The government will do nothing. The special interests.Will bring this country down. How can these folks walk away with millions in their pockets for being failures?

Wow and what a concept down below. The problem is apathy. How many who are eligible to vote really get out and vote. That would be the beginning of reform. Most of us are guilty of allowing this excess and abuse, by not going to the polls and speaking up for what we believe in. Get out and Vote write in if you don't like the alternatives. My Voice counts does yours!

Enter Your Comment: Posted to My Creditor's, Sorry that I am unable to pay my bills. Congress has taken the money I had intended to pay you with and gave it to the CEO's of failed Corps, oh wait a minute here, aren't you one of the Company's receiving my tax money. Well I guess you did get my payment in full. I will be expecting my deed and title's in the mail.