F%@#$ bailouts
- Thread starter Briansol
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Soooo as part of this $700b deal is the government:
1. Buying a stake in the bankrupt companies
2. Flat buying these companies out
3. Just being generous and handing money out or loaning money out
1. Buying a stake in the bankrupt companies
2. Flat buying these companies out
3. Just being generous and handing money out or loaning money out
buying a stake in the companies
(and also trying to limit executive packages, which isn't going well from what i understand)
(and also trying to limit executive packages, which isn't going well from what i understand)
Are they trying to buy more than 50% of companies stock then? If the government doesn't have control over the company, wouldn't it just be a profit gain?
Ie: govt buys a ton of stock, magically the stock market rises again, govt kicks its heals over all the money it made.
Ie: govt buys a ton of stock, magically the stock market rises again, govt kicks its heals over all the money it made.
i think the gov't was taking a 70% stake in one company
not sure on the others
not sure on the others
Commentary: Bailouts will lead to rough economic ride - CNN.com
why aren't we voting for him again?
oh yeah, because america is fucking stupid.
why aren't we voting for him again?
oh yeah, because america is fucking stupid.
EGProject
YEEEEAAHHHHH
My family is already stockpiling cash, ammo and food.
I'm not kidding either. I'm not willing to be the blithering idiot in front of a bank or a grocery store when the shit hits the fan.
If anyone in the NE area listens to Jay Severin on WTKK, you know the stakes of all this. I just wish people in government were more up front with the risks of NOT doing anything. All they seem set on is spending some money to "fix" a problem.
News flash: A problem this big and complex will not be solved by infusing 700billion of taxpayer money into an already failing market. Sure it bails out all the failed mortages, and helps people keep their forclosed homes - but what happens to the people who DID pay they mortages, and are left with 50% of their income stolen from them. Where in this scheme of things do I see that 700 billion?
I'm moving to the Isle of Mann.
I'm not kidding either. I'm not willing to be the blithering idiot in front of a bank or a grocery store when the shit hits the fan.
If anyone in the NE area listens to Jay Severin on WTKK, you know the stakes of all this. I just wish people in government were more up front with the risks of NOT doing anything. All they seem set on is spending some money to "fix" a problem.
News flash: A problem this big and complex will not be solved by infusing 700billion of taxpayer money into an already failing market. Sure it bails out all the failed mortages, and helps people keep their forclosed homes - but what happens to the people who DID pay they mortages, and are left with 50% of their income stolen from them. Where in this scheme of things do I see that 700 billion?
I'm moving to the Isle of Mann.
Isn't the Isle of Mann the place where there are like no speed limits or something?
Now the FBI is involved with more scandles.
Get your saftey goggles, poncho, waiters up to your chest and a good pair of gloves because the sh*t is gonna come flying.
Get your saftey goggles, poncho, waiters up to your chest and a good pair of gloves because the sh*t is gonna come flying.
dacheat
..is grounded.
ron paul's thoughts on the bailout (cliffs: not good!)
Wednesday, September 24, 2008
Dear Friends,
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.
The events of the past week are no exception.
The bailout package that is about to be rammed down Congress' throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It's bailing out the financiers, the banks, the Wall Streeters."
That describes the current bailout package to a T. And we're being told it's unavoidable.
The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences - predictable, that is, to those who understand sound, Austrian economics - are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!
• The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.
• Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.
• Then there's this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.
There goes your country.
Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don't make me laugh.
Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind - another example of the big choice we're supposedly presented with this November: yes or yes.
Now, with a backlash brewing, they're not quite sure what their views are. A sad display, really.
Although the present bailout package is almost certainly not the end of the political atrocities we'll witness in connection with the crisis, time is short. Congress may vote as soon as tomorrow. With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.
The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?
When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in politics and the media?
Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be.
In liberty,
Ron Paul
Wednesday, September 24, 2008
Dear Friends,
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.
The events of the past week are no exception.
The bailout package that is about to be rammed down Congress' throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It's bailing out the financiers, the banks, the Wall Streeters."
That describes the current bailout package to a T. And we're being told it's unavoidable.
The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences - predictable, that is, to those who understand sound, Austrian economics - are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!
• The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.
• Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.
• Then there's this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.
There goes your country.
Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don't make me laugh.
Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind - another example of the big choice we're supposedly presented with this November: yes or yes.
Now, with a backlash brewing, they're not quite sure what their views are. A sad display, really.
Although the present bailout package is almost certainly not the end of the political atrocities we'll witness in connection with the crisis, time is short. Congress may vote as soon as tomorrow. With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.
The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?
When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in politics and the media?
Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be.
In liberty,
Ron Paul
cjvictoria
Active Member
i found thi in wikipedia, and it describes what is going on to a T.
i think as of now and in the near future our country is rule more specifically in this way...
Plutocracy is rule by the wealthy, or power provided by wealth. In a plutocracy, the degree of
economic inequality is high while the level of 
social mobility is low. This can apply to a multitude of government systems, as the key elements of plutocracy transcend and often occur concurrently with the features of those systems. The word plutocracy (Modern Greek: πλουτοκρατία - ploutokratia) is derived from the ancient Greek root ploutos, meaning wealth and kratein, meaning to rule or to govern.
in other words; judge, jury, and executioner were recently bought out and they are just about ready to strike. and strike HARD they will... a bunch of economic political thievery if you ask me.
heres the url for the rest of the article, see for yourself if you would agree with me.
Plutocracy - Wikipedia, the free encyclopedia
i think as of now and in the near future our country is rule more specifically in this way...
Plutocracy is rule by the wealthy, or power provided by wealth. In a plutocracy, the degree of
economic inequality is high while the level of social mobility is low. This can apply to a multitude of government systems, as the key elements of plutocracy transcend and often occur concurrently with the features of those systems. The word plutocracy (Modern Greek: πλουτοκρατία - ploutokratia) is derived from the ancient Greek root ploutos, meaning wealth and kratein, meaning to rule or to govern.in other words; judge, jury, and executioner were recently bought out and they are just about ready to strike. and strike HARD they will... a bunch of economic political thievery if you ask me.
heres the url for the rest of the article, see for yourself if you would agree with me.
Plutocracy - Wikipedia, the free encyclopedia
Sabz5150
FALCON PUNCH!!!
Oh hell no. If you weren't convinced that this has all been a gigantic sham pulled on the American people, this ought to do it.
Most people do not care about issues like oversight and accountability. The only thing 90 percent of the population cares about is keeping their job and not having their 401k taken out. So when they see the talking heads on TV telling everyone that this HAS to happen or we are going to die a firery death everyone goes with it. Despite all of the lies that have been told over the years most folks simply do not care unless that lie comes straight from the Big Chair. Even then it is pretty quickly forgotten.
So my point being, is people will over look just about any thing just to feel safe. Look at all of the legislation that has been passed as of late. The American people in general are just plain stupid. When everything finally starts to burn down most people will still have their heads in the sand waiting for the Government to save them; because after all, they told us they would.....
Sabz5150
FALCON PUNCH!!!
The single most insightful comment about the bailouts actually came from a conservative...
"The last time I was given a deal and told I had to "act now", I was on a used car lot."
