[Ferretlover]

$this->bbcode_second_pass_quote('article', 't')he bailout of Fannie Mae and Freddie Mac will be costless to taxpayers

[dorlomin]

Subprime. Who cares anymore.



What about alt A, option arm, HELOCs and all the other bogeymen. Subprime was the overture. The symphony is just about to get underway.

[aahala2]

"Subprime" Paulson is the financial equivalent of "Baghdad Bob".

It's about time George the lesser wrap his arm around him and
declare, "You're doing a good job, Henny." Then fire him the
next week.

[cualcrees]

Quick! Do it before anyone notices how bad they're getting f***ed!!

Link

[Eli]

That is exactly what they are trying to do.

Here quick sign this Bill that will give the Treasury Secretary unlimited financial power, free of any and all legal oversight, so I can save everyone.

They can all go to hell as far as I am concerned.

[Buggy]

$this->bbcode_second_pass_quote('', 'P')aulson and President Bush have argued that the alternative would be credit markets that remain frozen, meaning that businesses will fail because they can't get the loans they need to operate and the economy will grind to a halt because consumers, who account for two-thirds of economic activity, won't be able to get the credit they need to keep spending.

[the48thronin]

Let's see if this makes sense...

In an age where the CIA listening computers can isolate a single voice speaking on a pay phone line, ( 20 years ago).

In an age where carnivore reads and sorts every INTERNET email sent, and face recognition can identify every person in a crowded stadium. Where web enabled cameras can be scanned and license numbers of every vehicle passing a point can be read, identified,and threat assessed in comparison with normal activities of that owner..... The financial wellbeing of the entire planet needs the U S Treasury department to be given the BIGGEST BLANK CHECK BOOK IN HISTORY?

The deals are "too complicated to unravel and place blame" The crimes ( yes fraud is a crime) are too complicated to bother solving for those criminally responsible.

Just to appease those baby boomers who are watching the government seizure of their retirements and the future wealth of their children and grandchildren to recoup the losses to the mega rich for their "imprudent" lending and fraudulent bonding, the U S A government is adopting the nick name..."big brother and the holding company". Doesn't that make everyone feel better?

edit
Isn't "Hey you better do it quick" one of the warning signs of one of those 'too good to be true deal" scam artists?

[Buggy]

This thing gets uglier and uglier as the plan unravels.

[Buggy]

$this->bbcode_second_pass_quote('the48thronin', 'I')sn't "Hey you better do it quick" one of the warning signs of one of those 'too good to be true deal" scam artists?

[Snowrunner]

$this->bbcode_second_pass_quote('', 'P')aulson and President Bush have argued that the alternative would be credit markets that remain frozen, meaning that businesses will fail because they can't get the loans they need to operate and the economy will grind to a halt because consumers, who account for two-thirds of economic activity, won't be able to get the credit they need to keep spending.

[Denny]

$this->bbcode_second_pass_quote('the48thronin', '
')Isn't "Hey you better do it quick" one of the warning signs of one of those 'too good to be true deal" scam artists?

[the48thronin]

$this->bbcode_second_pass_quote('Denny', '')$this->bbcode_second_pass_quote('the48thronin', '
')Isn't "Hey you better do it quick" one of the warning signs of one of those 'too good to be true deal" scam artists?

[DantesPeak]

It's almost funny that this is touted as a quick solution to the financial mess, yet it doesn't address huge financial capital problems, the insolvency of the FDIC, nor does it help existing mortgage payers.

Also for some reason even so called financial experts seem to be ignoring the fact that borrowing $700 billion may cause extreme and unintended dislocations in the financial markets. Not to mention that since foreign banks are also being bbailed out, the withdrawal of bailout funds from the US could actually start a dollar meltdown.

[Snowrunner]

$this->bbcode_second_pass_quote('DantesPeak', 'N')ot to mention that since foreign banks are also being bbailed out, the withdrawal of bailout funds from the US could actually start a dollar meltdown.

[Carlhole]

Paulson Bailout Plan a Historic Swindle

$this->bbcode_second_pass_quote('William Greider', 'F')inancial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has shopped around Congress. It would relieve the major banks and investment firms of their mountainous rotten assets and make the public swallow their losses--many hundreds of billions, maybe much more. What's not to like if you are a financial titan threatened with extinction?

If Wall Street gets away with this, it will represent an historic swindle of the American public--all sugar for the villains, lasting pain and damage for the victims.

[DantesPeak]

William Greider wrote:
$this->bbcode_second_pass_quote('', 'F')inancial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has shopped around Congress. It would relieve the major banks and investment firms of their mountainous rotten assets and make the public swallow their losses--many hundreds of billions, maybe much more. What's not to like if you are a financial titan threatened with extinction?

If Wall Street gets away with this, it will represent an historic swindle of the American public--all sugar for the villains, lasting pain and damage for the victims.

[dohboi]

We can stop this thing. Let your voice be heard.

Go to the "You're Fired" thread here and use Leanan's links to register your concern or consternation to your legislators about these latest outrages.

[Cog]

I agree this thing can be stopped if enough leverage is put on your representatives. Remember the immigration bill that got de-railed by the citizens?

Because more then anything else a Congressman fears getting tossed out of office. For him/her that is an economic risk not worth taking.

[ReverseEngineer]

$this->bbcode_second_pass_quote('dohboi', 'W')e can stop this thing. Let your voice be heard.

Go to the "You're Fired" thread here and use Leanan's links to register your concern or consternation to your legislators about these latest outrages.

[mattduke]

$this->bbcode_second_pass_quote('', 'A')ccording to Wikipedia, 700 billion is 100% of ALL THE CASH IN CIRCULATION used
throughout the United States. (in 2007)