Money Beat

Paulson is a freak. Federal Reserve dictating what our Governement does!?! What a hopeless state of affairs. The Federal Reserve is NOT part of the American Government!!!

I don't trust Bush, Paulson, or Beranke as far as I can spit. Their plans sinks because it if full of cronies like Kashkari instead of the top economists (bipartisan). Already before they know how they will spend the first $700B they got, they are talking about additional bailout money. This whole cabal is evil and corrupt - why anyone in their right mind would do anything they said is beyond my comprehension.

The Federal Reserve IS NOT PART OF THE U.S. GOVERNMENT!!!

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label it, euphemise it anyway you want...we have joined the ranks of the third world. whichever candidate offers the best hope...even though they never live up to it...the masses go after them. start using your heads. free lunch or whatever else free as we knew it is no more. start facing the facts and the biting reality.

Why is this not going before the American people on whether we want to pay for bailing out banks? The majority of Americans are NOT FOR THIS! Last time I checked, this was a democratic nation that puts things to a vote! I do not appreciate our elected officals ignoring us!

Has anyone gone back to the Income Tax Amendment of the early 1900s to see if this complies with the amendment or the intent of the amendment? I doubt it does. We dont pay taxes to the govt so they can become speculative real estate and stock investors....with our money. Again, why doesn't a federal judge nix all this?

The Federal Reserve IS NOT PART OF THE U.S. GOVERNMENT!!!

The crooked CEO's are thinking, "how can I make a killing on this?"

As CEO of Goldman Paulson played a major role in getting important debt asset capital requirements completely deregulated by the SEC. He and the other big investment banks easily convinced the then SEC commmision Donaldson to amend the net asset capital requirements, which opened a floodgate of debt buying by these investment banks. The net capital requirements were all there to protect investors and investor protection was completely wiped out in one stroke of the pen. Read all about how the Secy of the Treasury is planning on bailing out the big investment banks he helped dereugulate and who all fell down like london bridges - it is truly dispicable that this guy his heading the Treasury. It may have to be done, but this man in particular is so guilty of selling out investors, that it is an anathema that he is heading this operation.
http://www.nytimes.com/2008/10/03/business/03sec.html

LongT's got it right, The crooked CEO's are thinking, "how can I make a killing on this?"

If we're gonna put a cap in excess profits,
then we got to put a cap in the excess profits
on all of Wall Street. If we're gonna put a cap
in the excess profits of all of Wall Street,
then we got to put a cap in the excess profits
of oil and coal and natural gas. Since oil and
coal and natural gas are all commodities, then
we got to put a cap in the excess profits of
the Chicago Commodities Market. If we're gonna
put a cap in the Chicago Market, then we got to
put a cap in the excess profits of Motor City
and the housing market and the credit industry,
I know cars and houses don't have any excess
profits, right now, but they'll bounce back,
and we got to be ready with an excess profits
tax, when they do. In order to stay profitable,
they, in turn, will have to put a cap in
the bricklayers', and the UAW's excess profits.
ain't socialism fun?

If we gonna put a cap in all them excess profits,
then we got to put a cap in the insurance industry's
excess profits, and the health care industry's
excess profits, and the excess profits of all
them Chicago insurance executives' and Chicago
doctors' and Chicago lawyers' excess profits, too.
Then we got to put an excess profits tax on Oprah
and Harpo Productions, and Bill Gates and Microsoft
and Steve Ballmer. Don't want them gettin' too fat,
neither. Of course we'll have to put an excess
profits tax on Quincy Jones and Motown, and they'll
have to trim the excess profits of Eminem and P Diddy
and Snoop Dogg and Ice Cube and Ice Tea and ice
all them Ices.

Then we got to tax the excess profits of Hollywood
and Steve Speilberg, Lorne Michaels, Martin Scorsese
and spike Lee; and they'll have to trim the excess
profits of Tom Hanks and Wesley Snipes and Cuba
Gooding and Vanessa Williams and Josh Brolin and
Tina Fey. Then we got to put a cap in the excess
profits of Wayne Huizenga, Mark Cuban, Jerry Jones,
Jerry Buss, and George SteinBrenner; and they'll
have to cut the excess profits of Tony Romo and
Kobe Bryant and ARod.

Then, finally, we can put a cap in the excess profits
of political campaigns, and I know where we can
tap three hundred million of the excess campaign
contributions of a certain Illionis Senator, right
now. And THAT is how you balance a budget.

The biggest socialist program ever in America is done under a republican, the biggest increase in spending and government size in history is done under republicans. The republicans destroyed their brand of fiscal conservatism which is an illusion, because every time they are in power they increase spending.

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (government entity with private components) banking system[1] composed of (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. As of February 1, 2006, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System.

http://en.wikipedia.org/wiki/Federal_Reserve

Paulson looks like the villian in Roger Rabbit and equally as evil. I would not listen to or trust anything he has to say.

The stock market went up today reflects ONLY the virtual (unreal) value of the economy. The real economy is in crisis, Lost of jobs, lost of competiveness, lost of productivity, lost of revenue, etc... are continuing evolving. Recession seems inevitable. What Government is doing, is injecting tons of money into the financial institute through the banking system and extend credit for investing institute & public to prop up the stock market. It in effect is deploying psychological confident to make the market looks stabilize. But at the same time put the money into the selected few which does not really directly beneficial to the common American people. The plan is feasible but the risk is huge unless the fundamental economic issues are tackled & resolved.

Republicans Bush, Paulson, and Bernanke are throwing our tax dollars down the drain. And it was McCain who was right up front backing Bush, Palson and Bernanke.

Gee four more years of the same, Won't that be grand?

Hey... it worked for gen. Pinochet in Chili.... oops... strike that....

The Federal Reserve IS NOT PART OF THE U.S. GOVERNMENT, is RIGHT!!!!

AND, the money you're carrying around in your wallets is COUNTERFEIT and worth NOTHING!!

.
The Washington moron solution to every problem: THROW MORE TAXPAYER MONEY AT IT.

America needs a president that will clean up the Washington swamp, not a shallow, arrogant, platitude-spouting, inexperienced, drug-addicted, elitist, narcissistic, flip-flopping gas-bag who will make it an even more horrific monster.

/

The glass isn't half empty or half full. It's simply twice as big as it needs to be.

eyeonyou: Let's add the democratic controlled congress...Barney, Dodd, Pelosi...I agree with the bush clan...let's not forget the ones that sucked up those payoffs and helped sink the ship. I agree with Dobermanspencer. The fed needs to go. A private organization that Paulson keeps throwing free money to via the holy banks. You make bad loans, you deserve to go out of business.

Anyone making this into a partisan issue is a fool...both parties voted to pass this handout. In two weeks, vote out any incumbent who voted for the bailout package.

The third President of the United States, Thomas Jefferson, once stated,

“If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied.”

Right now, Jefferson must be rolling over in his grave now because not only could we not figure out how to prevent what he warned us was going to happen even though we had 200 years to figure it out, but we were also so blind that we cheered the very events in the 80’s and 90’s that brought us the crisis we have today.

Architects of this bailout must be smiling today, because they are in the process of committing the largest robbery of American wealth in history since the Great Depression.

Are you kidding me? What is going to happen when the thousands upon thousands of Iraq war veterans return home from the war to find they have no jobs because our government encourages and gives tax breaks to huge corporations who outsource corporate jobs to places like India and hire immigrants who come here from Pakistan on student visas in ther 30's and 40's? That practice needs to be heavily taxed and penalized not rewarded!!!! This is only the beginning!!! To think propping up banks and corporations with $700 Billion dollars will help our economy is a farce and does nothing but make the rich much richer. These companies might have hired Americans if they were allowed to fold and or change names but instead we propped up the same dying giants who are ruining our economy in the first place and allowed more employment stagnation? Neither candidate is doing anything about ending the war for precisely this reason. It would kill the US economy to end the war means all soldiers and defense contractors lose their jobs too! Its inevitable!!! Like I said rather than prop up dying giants like AIG means a stillbirth for any new company that may start up and hire. Everyone else is laying people off!!!!!

Can we trust the fed? I do feel the bailout has aided the econemy very little. I do belive in the greed of the megabanks are going take as much money as they can.now that we have opened the feeding tube how can we turn it off. After recieving huge credit lines, than phone calls, than bank drafts. I do not use any of these banks I bank where i live. I am starting to think the investment banks do want to loan money to people who do not need it. There plan loan the bailout money to safe loans intrest .99%. to put there cash into safe heavens, There books will show it is not available. Than to return to the fed state they are short on funds to loan . grab up more taxpayer cash . I belive as long as we feed them they will eat. In my mind the frist bailout was a bad choice but greed always will prevail. If we repeat bailout the abuse will continue . regulations, Will the fed enforce regs I have doubts I belive the dirt goes from top to bottom.

How is giving more money to banks to hand out like candy knowing the borrowers aren't going to be able to pay it back going to help our ecomony? Stop the identity thieves from running up balances on credit cards that will never get paid, stop loaning money to people that can't afford to make another payment on anything, stop the thieves in the "credit consolidation" racket, that's what will help our ecomony.

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The latest buzz is about executives of the companies receiving these fund getting bonuses! What a crock this is! All Americans should be in a real uproar about this! No way in this world should bonuses be paid with this money. Any company even thinking about it should be banned from getting funds unless showing exactly, and I mean EXACTLY where it goes. This is the American Peoples' money being used, and is not for some big wig to live high and mighty with while we struggle to make ends meet! American Government in Washington...get of the stick and stop this abusive use of the American peoples' funds!

TO CAROLE i AM OUTRAGED TO SOME BAMKS HAVE SET ASIDE BILLIONS FOR EXECS. MORE YJAN THEY ASK THE FED FOR. THESE OUT RAGOUS LOANS i KEEP TURNING DOWN i BELIVE THE MEGA BANKS EANT TO HIDE MORE MONEY THEY KNOW I WILL PAY IT BACK BUT AS OFFERS NEAR 200THOUSAND NOW .99 % I WONT BORROW A THING i HAVE LOCAL BANKS i WANT TO HAVE MONEY STAY WHERE i LIVE NOT A NOTHER DIME IF THE HOUSE AND SENATE HAD NOT BEEN PAYED OFF THIS BAILOUT WOULD HAVE NEVER HAPPENED. NOW THE AUYO MAKERS WANT A BAIL OUT i WANT TO KEEP PEOPLE WORLING BUT YHE BIG 3 REFUSE TO SELL US THE CARES WE NEED i WAS IN MEXICO FORD MAKES A COMPACT CALLED JUST va IT GETS AROUND 50 MPG AND IN MEXICO AT THE TIME COST 6,500 US DOLLARS FORD I BELIVE WONT SELL US THE CAR IT DOSENT EXSPENIVE. THE BIG 3 ARE YSED TO PEOPLE PAYING 25-40 THOUSAND A UNIT IF THEY MISS THIS CHANCE CHINA WILL BUILD A CAR AT THE PRICE AND 50 MPG NO GAIL OIT UMTIL AUTO MAKERS BUILD THESE CARS IN THE US HIRE US WORKERS CREATE JOBE RETOOL GARINTEE US THE MONEY WE LEND THEM SYAYS IN THE US . OIL PRICES WILL GO UP WE SHOULD BE PROACTIVE NOT REACTIVE TO THE MARKET.

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