This is like crying fire in a room full of people wearing gasoline underwear while walking on hot coals.
This is like crying fire in a room full of people wearing gasoline underwear while walking on hot coals.
Why does everyone here REFUSE to tie this Democratic Congress to ANY OF THIS? Are you THAT stupid? Bush should be impeached, Paulson and Benacke fired and everyone else voted OUT. They are robbing you blind and you refuse to see it. They either have to be the dumbest Congress on record and that includes both candidates, or complicent in this fraud.
One of the defining aspects of Wall Street's trickery of the American people is their constant assurances that their system is wonderful, and then all of the sudden, Paulson tells us we MUST pass this bailout immediately, without time for reflection or discussion. The haste, the sudden rush to overwhelm any rational discussion on the part of the people -- that is the most obvious sign of Paulson's personal corruption as the front man for an industry that has been corrupted by its unprecedented accumulation of wealth and power.
Forgive me, but financial crisis and meltdown are exact words that Paulson has been using to describe the situation. Secondly, the president explained in his address to the nation that if the financial crisis was not corrected that a economic recession would follow. I have not heard any "happy talk" that Daniel reports. The public, some in congress, and some of the press has indicated suspicion of overreaction, but this is the natural reaction to a crisis.
It is a total meltdown. Nice words got us here.
Who is still voting for McBush and Caribou-Barbie?
Is it true that the new -- as in on the job three weeks -- WaMu CEO gets to keep his signing bonus of 7.5 million and his golden parachute of 11 million? Please, some one say this is not true. If our government is that stupid and corrupt the inferno is only getting bigger.
Yes Ma'am, this guy took a job for two weeks or so at $millions. It's not what you are worth, but what you can negotiate. CEO contracts have been lawyered up for years. If you want the money back, index prroperty taxes based on income and property value. Put CEO pay in the 500% bracket. (To keep your million dollar shed, give the United States 5 Million, this year.) Send the Army in like Waco to collect. Return the income tax top bracket to around 90% and kill their deductions. (The Rockerfellers did pretty well with a 90% rate, so did JP Morgan, etc.)
As a long term contrarian who fought against the privatization of SS and has disagreed with deregulation all along, we do need to avert a collapse. I am given to understand that before they stopped the shorts, we were fewer than 500 trades from done.
I now have to just hope that all the kings horsemen and all the kings men have a <F%#@*&> clue.
I have never believed in the economic-magic of a service economy. You have to make things to sell. We killed the middle class, on a cross of false paper. The GOP's answer is more tax cuts for the top 5% and crumbs for the people.
If at the end of this, the people go looking for these CEO's with hot tar and feathers, I am so down for the game. Yes old bald fat ugly grey me. We're going to need someone who has done this before.
This ponzi scheme of paper to cover paper blew up on the Republicans before they left town.
They are going to need to move Fox studios from downtown to Cheney's Secret Location."
.........and this is exactly WHY the American people rail against the government's semi-swift intervention in the market. They've been fed the pablum from their news choices without filtering the gab and to finally come to their own correct conclusions. Therefore, the "Bail out " and it's necessity to keep the banking system running in our country. Like it or not.
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