Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Why they're rushing this bailout legislation...

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:21 AM
Original message
Why they're rushing this bailout legislation...
The reason that there is such a manic sense of urgency surrounding this bailout
legislation--is because the powerbrokers and the greedmongers who orchestrated
this theft understand the big picture--and they know what is to come.

They know damn well that the economy will continue to collapse onto itself. They
know the first dominoes have fallen, and they understand what dominoes will
fall next; Banks, Hedge funds, the stock market, the FDIC, consumer spending, rising costs of
food and gas, gas shortages, small business failures, rising unemployment, continued seizing
up of the flow of money--to the point where getting money out of an ATM will be
difficult, etc.

They must get their treasure--before it becomes apparent to the American people
that the economy is collapsing--and that this bailout won't stop it.

Printer Friendly | Permalink |  | Top
peacebird Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:23 AM
Response to Original message
1. this is to try to push the collapse off til after the election too
Printer Friendly | Permalink |  | Top
 
Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:23 AM
Response to Original message
2. For the same reason they rush everything like the IWR so nobody has a chance
to read it and figure out the ramifications before it's too late.
Printer Friendly | Permalink |  | Top
 
texastoast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:32 AM
Response to Reply #2
6. Call your reps and tell them
NO BAILOUT!

:mad:
Printer Friendly | Permalink |  | Top
 
Eric J in MN Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:24 AM
Response to Original message
3. Did you believe a month ago that doom was imminent?
If not, why do you believe it now?

Stocks go up and down. Investors sometimes take losses.
Printer Friendly | Permalink |  | Top
 
texastoast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:32 AM
Response to Reply #3
4. I'm fine with the investors taking the losses
The banks, their stockholders, yes. Let capitalism fail. Fine with me.

But don't plan the failure, deregulate so it happens, fail, go shopping for bargains, get a bailout on taxpayers' backs, then sell your bargain stocks and get totally rich on MY money.

Printer Friendly | Permalink |  | Top
 
mulsh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:32 AM
Response to Original message
5. I think the economy has crashed. last week, around the time
short term bank loans were suspended, I think that's why our lords and masters were so "ashen" on the sunday chats. Hamdenrice has posted about this:

DemocracyNow: System of payments stopped working last week; you'd have to buy groceries with gold

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4057340

from last week:

How your cashing a check is related to the current credit catastrophe
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4027506
Printer Friendly | Permalink |  | Top
 
sam sarrha Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:38 AM
Response to Original message
7. CNNs Spinn Script is a "quick and clean"bill to give them the money, then work out the safeguards.
Edited on Mon Sep-22-08 11:41 AM by sam sarrha
'it has been all weekend and the congress hasn't done anything to relieve this crisis..' implying a do nothing congress, which in reality has been hijacked and overthrown by totally obstructionist Faso-Corporatist ReThugs... trying to create a situation to implement another "Shock Doctrine" on us this time.. that is why torture was so important to legalize.. because it is essential to a Shock Doctrine to control people's thoughts thought thru fear.. in south America during Reagan 250,000 people were murdered and many tortured to death, burned and dumped beside busy highways as a message to others who might disagree with Milton Freedman's, Reagan's and Kissinger's economic tree trade policies

later the UN would declare our involvement in the south american cone ..."Genocide"
..
Printer Friendly | Permalink |  | Top
 
kestrel91316 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 11:54 AM
Response to Original message
8. Has anybody else noticed how they JUST SO HAPPENED to have
this 700-page bailout legislation at the ready? Just like the USA PATRIOT Act, which was sitting on the shelf waiting for the PNAC's wet dream to come true (which it did on 9-11)?

IMHO this whole collapse has been orchestrated as just one more way to rob the taxpayer and enrich the thieves.

We need to stand tall and oppose this thing that's being shoved down our throats. And NO, we should NOT be letting the CEO's who ran their companies to ruin walk away with their golden parachutes.
Printer Friendly | Permalink |  | Top
 
northsongs Donating Member (77 posts) Send PM | Profile | Ignore Mon Sep-22-08 01:08 PM
Response to Reply #8
9. link to 700 page bailout?
I heard 3 page bailout from Paulson. Do you have a link to the actual bailout document at 700 pages?
Printer Friendly | Permalink |  | Top
 
kestrel91316 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:17 PM
Response to Reply #9
10. Nope. I THOUGHT I heard that's how big this puppy was.
It's possible my brain took the $700 billion and morphed it around into 700 pages of boilerplate, now that I think about it, lol.

You have to admit, though, that it's their MO to have this shit written up and just waiting for the moment when we'll swallow it whole without looking first.
Printer Friendly | Permalink |  | Top
 
Avalux Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:20 PM
Response to Original message
11. That's how con men get what they want.
They try to make you believe they must have it NOW or else.
Printer Friendly | Permalink |  | Top
 
Porschenut1066 Donating Member (348 posts) Send PM | Profile | Ignore Mon Sep-22-08 01:31 PM
Response to Original message
12. The reason they let Lehman Bros die!
It has been revealed today that the primary reason the Government did not help
Lehman Bros is because Venezuela had invested more than $2 billion dollars in
Lehman Bros and therefore we would have been helping Chavez which this Admin
decided they would not do so they let all the share holders take the hit so they
could stick it to Venezuela. However they protected China by saving the rest.
So we stick it to a South American country because they voted ( in a free election) for Chavez instead of
The American selected candidate. And we help the Communist Dictatorship China that
Does not bother to pretend it supports democracy.
Printer Friendly | Permalink |  | Top
 
dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 01:54 PM
Response to Reply #12
13. Link?
Revealed by who?
Printer Friendly | Permalink |  | Top
 
Porschenut1066 Donating Member (348 posts) Send PM | Profile | Ignore Tue Sep-23-08 06:45 AM
Response to Reply #13
14. Link insider
Can't say who but look and see all of the activity just before the fall.

On a lighter note perhaps this will explain exactly what has happened.
http://www.youtube.com/watch?v=nsQTXx_bXSc
Printer Friendly | Permalink |  | Top
 
Porschenut1066 Donating Member (348 posts) Send PM | Profile | Ignore Tue Sep-23-08 08:17 AM
Response to Reply #14
15. Hint
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Apr 23rd 2024, 01:55 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC