I'm so pi**ed! Just heard that the Fed not only bailed out the banks

[napi21]

both American & Foreign, BUT they also bailed out Vorison, General Electric, and a few other businesses! So the guy who started all this outsourcing sh*t (Jack Welsh) also had the damn business he ran bailed out with OUR TAX DOLLARS!

On to of all of that, the damn Pubs want to "let them keep more of THEIR money! Well, fine, I'll go along with that as soon as they've all paid bak the THREE TRILLION DOLLARS that we gave THEM!

[PBS Poll-435]

1. LOL

:rofl:


Wowzers.


:rofl:

[TexasObserver]

2. The biggest "welfare" recipients in America are all major companies.

[Name removed]

4. Deleted message

Message removed by moderator. Click here to review the message board rules.

[glitch]

6. They don't just get loans. They get tax breaks and subsidies and allowances.

But I hope you already know that.

[PBS Poll-435]

9. From the Fed?

Bzzzz.

[glitch]

13. Altering the premise of the debate does not improve your argument.

:thumbsdown:

[PBS Poll-435]

16. Kidding, right? The thread is about THE FED

:rofl:

[glitch]

18. Threads aren't limited to the OP, but I hope you know that too.

Please don't make me sad for you.

[PBS Poll-435]

19. Please don't get sad for me!

:rofl:

[TexasObserver]

7. Apparently, a little truth is too much for you.

[PBS Poll-435]

12. LOL

Contact Treasury (including the IRS) before you tell me that the Fed gives tax breaks.

[TexasObserver]

15. Stop making things up.

I never told you that, so quit pretending I did.

[PBS Poll-435]

17. What exactly am I 'making up'?

:rofl:

[TexasObserver]

21. You claimed I took a position I didn't.

Apparently, you're not willing to be honest about it.

You posted to me:

"Contact Treasury (including the IRS) before you tell me that the Fed gives tax breaks."

I never said that, and wouldn't. You made it up and then attacked it.

That the FED helped financially large global corps is a fact. I never even spoke of taxes or the IRS, so as I said, try to be honest instead of making things up.

[PBS Poll-435]

23. And you claimed that loans via commerical paper swap from the Federal Reserve

Was somehow "welfare".

Unless you were just being random.

[TexasObserver]

25. It is WELFARE.

You don't seem to have any knowledge of economics, finance, the stock market, politics, banking, or writing, so there's not much point in my continuing to engage you. The thread will reflect you make things up, and when called on it, make up more stories to cover that.

[PBS Poll-435]

26. Um. Ok. Think what you want. It's cool. At least I don't own a Nissan

:P

[virgogal]

3. Vorison ?

[PBS Poll-435]

5. They are Verizon's little brother who lives in the basement.

They also got bailed out.


:P

[virgogal]

8. Aaaah,the little rascal.

[FSogol]

10. +1

:P :P

[napi21]

22. OK Verison, the telecommunications co. Sorry, I don't &

won't use their services so I screwed up the spelling! And YES I said the Fed as in Federal Reserve! Norm Goldman was reading the report on his radio show tonight.

[PBS Poll-435]

24. Verison is in boarding school in Europe. nt

[Subdivisions]

11. And I heard they bailed out McDonald's too. n/t

[BadGimp]

14. Since when is the money the Fed doles out or loans Tax Dollars?

The federal Reserve is a private bank right? They can do what the hell they want with their money right?

I know the Fed somehow was granted the ability to control interest rates, but I was not under the impression they could spend tax dollars.

What am I missing here?

[PBS Poll-435]

20. The Fed spent $$$ on 250K ShakeWeights nt

[Recursion]

30. Calling the Fed "private" is misleading

There is some private capital brought to the table, but if your mission statement is defined by Congress, and your CEO is appointed by the President and confirmed by the Senate, and can call him to account for all of his actions, you're not remotely "private".

[liam_laddie]

27. Conjuring "money"

As I understand it (and I ask for correction and clarification) the Fed conjures deposits to favored institutions and recipients via computer entry. These amounts are then loaned to whatever. Is this not a bit like the story of "loaves and fishes?" From literally some 0's & 1's in a computer (virtual reality,) legal tender is thereby "created" and thus actual people are made debtors to the Fed and its pals, who receive the legal tender (reality) proffered for repayment to Fed and its pals, and who then have actual money with which to buy elections, politicians, third and fourth luxury digs around the world ad nauseam. Isn't this a true description of the process? Or am I just too tired to "get it?"

[unkachuck]

28. K&R....n/t

[pansypoo53219]

29. government of corporations, by corporations, FOR CORPORATIONS

nt

[Blue_Tires]

31. I'm curious to know how many of those companies

boasted to their shareholders how they survived the recession without taking one penny of bailout $$$$

[Greyhound]

32. K&R. I hesitate to even mention it, for fear of causing you real damage,

but the $$$ is only a small part of what the Fed and Treasury did for them.

From legalizing fraud to putting the U.S. taxpayers on the hook for virtually infinite money*, both this and the previous administration have literally abdicated governance to corporations. It is impossible to overstate how completely fucked we are.

It's going to take several years for most of this to filter down, but in short, without a worldwide collapse and reset/redefinition of money and finance, a handful of interests own the world and everybody on it.