Bailout Blackmail - Just Say No!

[autorank]

The Money Party (7):
Bailout Blackmail

Image cc

Just Say No

Link: http://www.apj.us/index.php?option=com_content&task=view&id=1794&Itemid=2

Michael Collins

(Wash. DC) We're being blackmailed into accepting the responsibility and debt for the worst managed financial institutions in the history of this country. The starting price, our debt, is $700 billion dollars.

What's really about to happen is that the failed financial institutions will be rewarded for their bad behavior. As a result, they and others will be encouraged to do it again. It's just a matter of time.

We're under the gun and told that we have just days to make a decision to bailout these mismanaged entities. The last thing they want is an open hearing on the problem. Deliberation is deadly for them. Snip

This is the first of many bailouts to come. The time to say no is right now. No bailouts. No socialism for the rich with survival of the fittest for the rest of us. And (to the politicians), stop pretending you're doing something by arguing about details when you're doing nothing more than rewarding failure while you set us up for the next take down.

Link: http://www.apj.us/index.php?option=com_content&task=view&id=1794&Itemid=2

[magellan]

1. We've already spent a fortune, it hasn't worked yet

Who decided $700 billion was the magic bailout amount that would finally right the ship?

The MONEY is going to the WRONG PLACE.

[autorank]

3. So, what? You want affordable health care?

The nerve of some people, like you and me!

"Grand theft, nation."

[bleever]

2. If you're scared, you should be even more scared:

The largest financial institutions have made very bad decisions. They bought into schemes that were senseless. Subprime loans sold as premium securities and the looming credit derivatives melt down -- 50 times larger than the subprime problem -- are obvious losers just on the face of it.

[autorank]

6. Yep, I seem to recall that;)

But they'll keep their jobs, the upper managers, and they'll fire the marketing folks - how truly
typical. Typical doesn't work.

:hi:

[ihavenobias]

4. MR n/t

[autorank]

9. Thnx

[malaise]

5. Ditto

Just Say NO!

[autorank]

7. Catchy phrase, just popped into my head;)

[knowbody0]

8. just imagine!

No credit!

seriously, what's wrong with not buying anything until you can afford it.

I look forward to the crumbling fall of the paper empire. Yep it's a house of cards, all illusion.


a few rugged years ahead while we restructure our society based on REALITY.

[autorank]

10. ...and making money by providing a real product or service

instead of this paper maze of "financial products" that can't even e understood.

If this does pass, I think we all need to call in and get our PB's - personal bailouts.

Why not? If people who fail get 700 bil, why not a mil or two spread well around?

[NoUsername]

19. Exactly.

They act like "no credit" is a bad thing. But hey, then people wouldn't be able to spend money they don't have to buy things they don't need to impress people they don't like.

The sooner we stop being a debtor nation, the sooner the economy will be on the road to recovery. Oh, and it would be nice if we manufactured things here again instead of importing cheap, shiny doo-dads from China.

[autorank]

11. What's the public thinking?

[autorank]

12. Zog by

46% Yes - 46% No

http://www.zogby.com/news/ReadNews.dbm?ID=1555

[Carni]

24. The 46% NOS

Have already been going through a damned depression for the last three years...
the yes's IMO are the ones who haven't.

Little do the yes's know that this crisis was not created wholly because of sub prime mortgages and so called *deadbeats* who couldn't pay their bills.

It came about because of "credit default swaps" and this measely 700 billion bail out, isn't even a drop in the damned bucket!

I believe the figure on these things is about 516 TRILLION globally.

[autorank]

13. CNN

In a CNN/Opinion Research poll, 79% of 1,020 respondents said they were worried that the economy could get worse if the government takes no action.

However, 77% also said they believed that a government bail-out would benefit those responsible for the economic downturn in the first place. The poll was taken on Sept. 19-21 and had a margin of error of plus or minus 3 percentage points.

http://biz.yahoo.com/cnnm/080923/092208_bailout_survey.html?.v=2

(They offer no clear head to head, consistent with CNN's position of pushing for the bailout)

[Me.]

14. HEY.........{T's On;y Money

Right?

[autorank]

16. $700 bil here, $700 bil there, pretty soon you're talkingi about real money

[AntiFascist]

15. Great post, but you need to convince Barney Frank...

The moratorium on short selling financial stocks ends on Oct. 2nd. If the stock market can plunge, say, 5,000 pts on the Dow Jones Industrials, then we know that Wall Street will be feeling the pain from this corruption. Otherwise, its just 'business' as usual.

[autorank]

17. I saw part of that hearing - with Paulson and Bernanke

It was like something out of the old Soviet Union, those two. I couldn't believe it.

This is the biggest theft of all time and it's no different than extortion - give us that money
or we'll crash the whole economy.

What a load of lies that is.

There will be fall out from this for a long, long time

Besides, the sub primes are just the start. The default derivatives are 50 times larger than the
subprime death star.

[truedelphi]

18. Anjd while we re-structure, let us legalize marijuana, the queen of cash crops

So we can end funding of the DEA, FBI so much police state type activitiy, and imprisoning normal human beings for imbibing a drug that does little more than help one shrink one's ego

[autorank]

20. Right - there must be an enemy

We've got the big rip off about to take place, the biggest in history.

Good thing McCain is "working on" whatever he's working on Friday.

What a crock this is.

[truedelphi]

21. The astrology is scary too - we are inside the waning moon

And you do not plant seeds, you do not bring things to fruition/fulfillment
unless you want the taint of pestilence and the greed of pests to plague your affairs.

It would all be better if everyone waited till the new moon next week
(Sept 29th)

Is the problem that everyone in the Senate and the House wants to go home??

[truedelphi]

22. The big deal is - Congress is scheduled to go home this weekend

And in this banana republic of ours, the phones have been ringing while the Congressional people are bought out.

Doesn't matter if you are a Dem or a repuke, a cool million or more will sway your vote.

That provision of NO OVERSIGHT for Paulson is that important to the Powers that Be.

[autorank]

23. I hope they're greatted warmly

With real emotion.

This is another one of those 'divides' where it's hard to run into people who support it, or if they do, when they find out the deal (usually they've mislead), then they get peeved.

I don't believe any of the 'usual suspects' on the economy anymore, even Buffett - he bought into Goldman then touted the bailout. Has the guy ever heard of conflict of f'ing interest. What a betrayal this is.

[Karenina]

25. Two words:

Torches, pitchforks.

[autorank]

27. People are very pissed off

This is really encouraging. They bluffed with their strongest card - world wide meltdown - and people
are saying - oh, sure. I think this is the outcome of the culmination of all their lies.

:hi:

[EFerrari]

26. This is such a no winner for me and my folks.

Family real estate business and already struggling. But, we're all but one against this monster. :(

[Naturalist]

28. I'M WITH YA!