Money Beat

Sure - let\'s bail out everyone. It\'s the socialists dream come true!

Politics as Usual! Absolutely NOT. This Bill should be specific to preventing an economic collapse. It is not a charity bill. I could use some money as well. Maybe the Democrats would like to pay my credit cards and car loan?

Whew, I have student loans.

Sure - let\'s bail out everyone. It\'s the socialists dream come true!

These people are the most incompetent since Carter;
http://www.investors.com/editorial/editorialcontent.asp?status=article&id=305938528597493&secid=1501

I'm leaving this country. Why should I have to pay for the stupidity of others?

These are Ideas I got in an email They say they are Robert Reich's whoever they are I like them and wanted to share since I did not have all of your emails here it is . Perhaps, you care about what they are about to do with your money. It would seem that the current administration has been trying to get their hands on our money through privatizing social security. (So people will gamble their money on Wall street). We didn't want that, because, if you are like me we're not all gamblers. Now we are forced into helping the gamblers with the money we have worked in our various trades to earn. We have to make sure the government realizes that this is OUR money, they are gambling with...
...the public is asking: Why should Wall Street get bailed out by me when I'm getting screwed?

So if you are a member of Congress, you just might be in a position to demand from Wall Street certain conditions in return for the blank check.

My five nominees:

1. The government (i.e. taxpayers us) gets an equity stake in every Wall Street financial company proportional to the amount of bad debt that company shoves onto the public. So when and if Wall Street shares rise, taxpayers are rewarded for accepting so much risk.

2. Wall Street executives and directors of Wall Street firms relinquish their current stock options and this year's other forms of compensation, and agree to future compensation linked to a rolling five-year average of firm profitability.

3. All Wall Street executives immediately cease making campaign contributions to any candidate for public office in this election cycle or next, all Wall Street PACs be closed, and Wall Street lobbyists curtail their activities unless specifically asked for information by policymakers.

4. Wall Street firms agree to comply with new regulations over disclosure, capital requirements, conflicts of interest, and market manipulation. The regulations will emerge in ninety days from a bi-partisan working group, to be convened immediately.

5. Wall Street agrees to give bankruptcy judges the authority to modify the terms of primary mortgages, so homeowners have a fighting chance to keep their homes.

ok so bail them out, but why not cut gas prices at the pump NOW to start paying back the american public for this bail out!!!

I'm retired. I pay as little in taxes as possible. Pelosi, Harry Reid, and that gay guy from New York are going to save the day?

We need to eliminate the entire congress and start fresh. The current congress is corrupt down to the last person. The folks elected are politicians not leaders. ie

Stop and think about this!

You couldn't get a job at McDonalds and become district manager after 143 days of experience.

You couldn't become chief of surgery after 143 days of experience of being a surgeon.

You couldn't get a job as a teacher and be the superintendent after 143 days of experience.

You couldn't join the military and become a colonel after a 143 days of experience.

You couldn't get a job as a reporter and become the nightly news anchor after 143 days of experience.

BUT....

'From the time Barack Obama was sworn in as a United State Senator, to the time he announced he was forming a Presidential exploratory committee, he logged 143 days of experience in the Senate. That's how many days the Senate was actually in session and working. After 143 days of work experience, Obama believed he was ready to be Commander In Chief, Leader of the Free World .... 143 days.

We all have to start somewhere. The senate is a good start, but after 143 days, that's all it is - a start.

AND, strangely, a large sector of the American public is okay with this and campaigning for him. We wouldn't accept this in our own line of work, yet some are okay with this for the President of the United States of America?

Come on folks, we are not voting for the next American Idol!

Email your Congress Person and Tell Them
"NO MORE BAILOUTS"
by David Neal
09-21-08

On the 10th of June 2008, the Bank of International Settlements announced the largest gain in derivatives outstanding since they started to report on this. The notional value of all outstanding derivatives now totals approximately $1.144 QUADRILLION. That is 1144 TRILLION DOLLARS.

At the exchange rate this week (Wednesday), 35 trillion British Pounds was equivalent to U.S. $62 trillion. According to the International Swaps and Derivatives Association , $62 trillion is the notional value of credit default swaps (CDS) out there, somewhere, in the market. Credit default swaps are not standardized instruments. In fact, they technically aren't true securities in the classic sense of the word in that they're not transparent, aren't traded on any exchange, aren't subject to present securities laws, and aren't regulated. They are, however, at risk – all $62 trillion of them.

These are TRILLIONS of Dollars not BILLIONS

Frustrated by the US government's rescue of AIG, Fannie Mae and Freddie Mac, a group of 100 conservative congressmen today urged the Bush administration to stop keeping Wall Street afloat.

The RSC members, all serving in the House of Representatives, noted with alarm that the government action this week "has the appearance of a socialist and not a free market approach to managing our economy".

Rescuing failing financial firms has "set a dangerous and unmistakable precedent for the federal government both to be looked to and relied upon to save private sector companies from the consequences of their poor economic decisions," the RSC members wrote.

All while this was going on the Major Media could only talk of the "New Messiah". Not one ounce of investigative journalism on the subject of who is liable for all this debt. Not one article, not a single word telling of the vast financial imbalances of leveraged monies, YOU our elected officials and the Big Banks have created.

Just 9 days ago Henry Paulson (i.e.. former CEO of one of The Banks Too Big to Fail, Goldman Sachs) told us "all is well". He has no idea what to do or what will come of this or he is a liar.

The very same people that put us into this mess are the very same people advising the President and Congress on how to fix the problems they have created. This is insanity! The bailouts now being proposed are not bailing out American Workers but are bailing out the rest of the World on the backs of the AMERICAN TAXPAYER as if we don't have a huge enough burden already.

The numbers posed by the Bank of International Settlements are staggering. Billion Dollar infusions will do nothing to stop the inevitable. A few weeks ago the billions and billions in infusions of American greenbacks probably helped delay, but did not repair the devastation. Today these same Billions of Dollars in bailouts are absorbed like a thirsty Whale.

I can tell Congress one thing is for sure, that a movement has started and I and many many more like me are going to stop paying our taxes if this insanity of bailouts is not stopped, now! And we will vote every congressperson out of office if they vote for anymore bailouts, period!!!

We are in historically unprecedented times. The foundation is being laid for a default of USTreasurys in the wake of the greatest regulatory failure in modern history (i.e.. the repeal of Glass-Steagall), and the collapse of the US financial system. If you look back, Paul Volker predicted this would happen if the newly appointed Alan Greenspan implemented his ideas to make more money for the banks.

When this happens the World will turn their backs on us and things will get nasty real quick. All we will be left with is the American citizens, to pick up the pieces and start over.

Congress needs to remember who butters it's bread and start standing up for American Citizens like you were put there to do. We are not worried about a "global financial meltdown", we are worried about being taxed to death and putting groceries on the table. We could care less about what happens to Wall Street. You also need to understand, we can and will - take back our country from the criminals in charge now.

Here is a link to find your Congress Persons and email them your anger on these socialist bailouts that will do nothing to help the massive financial imbalances we face. They will only line the pockets of the architects of this mess and make our Tax burden unbearable.

STOP THE INSANITY NOW!!!

richardcranium1

Wow - that\'s really communism. You can bet all stock trading would move overseas under that plan of yours!

I already helped everyone out -- I didn't get anything for the stimulus payment. Hope you all enjoyed what my husband and I provided for you all. Yes, we make a good salary, but the main reason we lose out is because we have paid off our mortgage and don't have kids -- so there's no tax return reward for us. Now, after years of doing without and living carefully below my means, I have to rescue everyone out there who acted foolishly? Puleaze.

Da Commarades Pelosi und the Democrata Dictatorials want you to be good peasents and pay for the mistakes of those that love you so much.
It is good communist that you are that makes Socialist Union of State Gulags In America worth nothing and energy who needs energy not you, you are poor people you don't need energy.
Now go back to being poor and do not worry we have it all under control now.

What about the homeowners who are facing foreclosure. No relief for them, only for the companies who bloated the apprasials and gave the bad loans. Just so they can go do it all over again. Foreclosure and higher taxes is not a bailout. Let the companies fail, others will take their place.

The bailout is needed and I like that their are conditions. Without the conditions, people would still go into default with mortgages and companies would go back to putting themselves in this position again. I think that help with the other loans is extreme, but may be necessary noting that many of the problems with the other loans are in relation to the jobs that have been cut. There has been at least a million jobs lost and more people unemployed because of outsourcing and greed, so it would leave a lot of loans in trouble of being repaid, because people have limited or no income.

1) Has anyone calculated the costs of directly helping the homeowner instead of giving a trillion or two to Wall Street? Not a single Wall Street executive has stepped forward pledging to accept a pay decrease and returning his/her Golden Parachute to help our troubled economy. Not one.

2) Help troubled home owners to bridge their mortgage payments so that they are able to remain in their homes.

3) A house that goes into for-closure is a large loss to the homeowner, the banks and now the taxpayers of America.

4) A for-closed home depresses surrounding neighborhood real estate values which adversely affects all American homeowners.

5) Do not allow real estate speculators to walk away from their speculative losses if they are financially able to maintain the mortgage. No one bails out an investor who loses money in the stock market. I believe that a good percentage of the people who are walking away from their mortgages are financially viable and more than able to maintain the mortgage. Why should the taxpayer have to pay for rich people to avoid losses?

Check this out. While we are watching there right hand look what the dems are doing with the left.

Well, for Biden I suppose this is better than a “suicide” like happened to Clinton’s whistle-blowers and opposition some 10 years ago. This doesn’t surprise me one bit.

Just received this fro a previously reliable source. I have no way to verify

>
>
> Subject: Rumor Mill
>
> On or about October 5th, Biden will excuse himself
>
> from the ticket, citing health problems, and he will
>
> be replaced by Hillary. This is timed to occur after
>
> the VP debate on 10/2.
>
> There have been talks all weekend about how to
>
> proceed with this info. Generally, the feeling is that
>
> we should all go ahead and get it out there to as many
>
> blog sites and personal email lists as is possible.
>
>
>
> Some have already seen a few short blurbs about
>
> this - the 'health problem' cited in those articles was
>
> aneurysm. Probably many of you have heard the same
> rumblings.
>
> However, at this point, with this inside info from the
>
> DNC, it looks like this Obama strategy will be a go.
>
> Therefore, it seems that the best strategy is to get out
>
> in front of this Obama maneuver, spell it out in detail,
>
> and thereby expose it for the grand manipulation that
>
> it is.
>
> So, let's start mixing this one up and cut the Obamites
>
> off at the pass - send this info out to as many people as
>
> you can - post about it on websites and blogs - etc.

I'm dusting off my Karl Marx manifesto and getting my familt ready to move to the collective farms.

I'm dusting off my Karl Marx manifesto and getting my familt ready to move to the collective farms.

these dang rich republicans run companies into the ground and want us hardworking middle class democrats that pay the lions share of taxes to bail them out.i am sick of the rich getting whatever they want under this republican fool bush. these ceo,s of these failed companies are only following there god george w. bush watching how he destroyed america and they do the same with there businesses.

Fool me once shame on you
Fool me twice shame on me.

Are we really going to trust these crooks on Wall Street to tell us how much their mortgage derivatives are worth? Aren't we putting temptation in front of a heard of pigs?

HOLDING THE BAG

NEWSWIRE--As Congress considers bailout legislation, there is uncertainty whether it will provide homeowners with mortgage assistance.

Halloween's still weeks away,
But tricks of finance start today:
Some get gift bags in the billions,
Others, pennies (mere civilians).
Whether treat's insane or small,
Depends if street is Main- or Wall-.

www.newsandverse.com
Light verse, ripped from the headlines

Whew! At least this came AFTER the government subsidized people's television with those digital converter boxes!

One of the comments are talking about Obama's experience-This history making blunder of this bailout was caused by the so called 'EXPERIENCED" politician. Now its egg on all their faces. What we need is SOMEONE IN WASHINGTON WITH SOME COMMON SENSE " Mccain is and old man with no common sense and he has lots of experience(mainly in helping the rich and the big companies). Or say goodbye to The USA- This country will be about rich and poor-ad dictator type government.