Bailout Outrage Races Across the Web

Originally posted by disgustedbyhumanity
You are uninformed because you believe this bailout will cost us money.

It can be dressed up any way imaginable. But the bottom line is, it will be 700 BILLION (and more) from the taxpayers pocket. And it will add to our debt, any way you cut it.
Uninformed? No.
Realist? Yes.

I for one am not going to trust Paulson, former CEO for Goldman Sachs introduce a bill that will mostly benefit........wait for it.........Goldman Sachs. With......Wait for it........Our money.

Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid, according to Bank of America Corp.
Source

[edit on 9/26/2008 by justme2]

Ya know the most ignorant thing that strikes me and sets me at awww...


Our representatives were created for the very purpose of our debates here right now. Yet we cannot reach them... why is that? Because our government is corrupt. How many Americans voted on the bailout? A select few, the ones that created the down fall of America. You should get out of your computer chair in your Superman T-Shirts and fight this in a more meaningful way like making sure our representatives hear our voices.

Ya, and you can put lipstick on a pitbull. Sans the hand thing.

That is the most prolific thing I have heard in a long while. I believe you pretty much hit the nail on the proverbial head.reply to post by rjmelter

The thing is op, I have. Every representative Congress and Senate. Pelosi and white house. Mainly to rethink the Iraq 'war'.

Bad things happened. And I'm now hangin' on a thread. But I tried.

Ya!!!!

If this bailout proceeds, might as well start digging our own graves.

I just can't wait to see the pre written script they have for the next ACT in this PLAY. Financial emergency ->Executive Order then a postponed election with a bill coming at full speed, hundreds of pages as quick as the screenplay writers can hit send.

F'rs!

Bottom line is that the Bailout will have to go through. I agree that Tax payers should not pay for the mistakes of Greedy Banks. However, if the Bailout does not go through, we still lose.

Without the Bailout, stock market will be in Panic mode. Banks will be stuck with Toxic Assets. Banks will stop lending money as some has already started to do... some business in need of those those loans can't operate and people like you and me start to lose their jobs and those responsible for the crisis who are already rich will not be affected or not as much as our lives will.

So its either we pay for their mistakes or we lose everything.

Tomorrow the market is going to tank. By 2PM the government is going to have to freeze the market. Come Monday if no deal is passsed there will be a 1929 style run on the banks. You had all better hope they pass the bill, or we are in deep sheeet. This is getting out of control, and I can almost understand if the election is tanked. You all have no clue how bad this could get. If we go down, so does the EU, China, and oil. Gold will be worth 2k a ounce by Wed.

Originally posted by TXMACHINEGUNDLR
Tomorrow the market is going to tank. By 2PM the government is going to have to freeze the market. Come Monday if no deal is passsed there will be a 1929 style run on the banks. You had all better hope they pass the bill, or we are in deep sheeet.

So our choices are bank runs or communism?

Seriously, this is sobering. But in reality I don't imagine there being runs on the banks.. Lets hope that won't happen.

IMO they CAN'T pass this bill! Its the principle of the matter!!

This is not true capitalism!

The most ironic aspect of this whole deal is that these very same banks swarmed Washington with lobbyists so that your AVERAGE AMERICAN CITIZEN could not file BANKRUPTCY!

Now they have the most powerful man in America pleading with "his" people to bail them out. Hell no! Throw the bums out!


"When leaders act contrary to conscience, we must act contrary to leaders." -VFFL

That quote is something we all need to live by if we ever want our country back.

heck....there's not one iota of interest in this bailout when it comes to redesigning these loans to something a little more sane! the first thing they should have done when they saw the problem coming at them was to do away with the penalty they are slapping on when people go and turn these loans into set rate interest loans.
they are still balking at the idea of giving someone the power to redefine the terms of these loans, and this is what is needed more than anything else. get as many people into better loans as fast as you can, then, all of a sudden all this worthless paper is worth something!!! problem solved, or at least it is solve if that is what the real problem is.....these arms and other non-traditional loans.

if they don't do this, well, I don't see how giving the government getting all this money is gonna do any good anyways.....seems like the paper will still be next to worthless, unless someone wants to actually go through the process of foreclosing on all these homes and reselling them....which gee...the banks are free to do this now....
the easy, least costly way to have adverted this problem was to have a third party come in and sort through the mess and redo as many of these loans as they could, before the housing prices started to tank. but no....that was too...oh...I don't know....communistic?? well, just what the heck is this, taking 700, probably more, from the average taxpayer to bail out the richest in this country. (forget about the rich paying for it, I bet ya ten to one, if they get this money they will still be crying about keeping bush's tax cuts permanent, so it won't be costing them much of anything) what, as long as the socialism benefits big business it's okay, but well.....it's wrong, very wrong when it's directed toward the average taxpayer?

if it's wrong to make an honest attempt to provide medical care to all those who need it...
if it's wrong to help the unemployed factory put food on his table...
if it's wrong to give his kids free education...
if it's wrong to take measures to ensure that social security isn't raped every year and turned insolvent...
well, if all this is wrong...
so is giving $700 billion to these crooks!!
the prediction for what the markets are gonna do today is simply this...
they will tank, till congress approves this bailouts, then they will fly high as the big investers set themselves up to reap the benefits of this money!
it is afterall, just a neat new form of blackmail....give us the money, or we'll tank your economy! and we have the power to do it

I say give them the money, consider it full payment to the fed for their services, get them the heck out of our country and bring on the amero, printed by our fine US government! oh, and well....get the idiots out of washington. replace them with some high school dropouts...got they seem to have more sense than what our elected officials are showing!

Damned if you do and damned if you don't. I believe that accurately sums it up.

Originally posted by rattan1
Bottom line is that the Bailout will have to go through. I agree that Tax payers should not pay for the mistakes of Greedy Banks. However, if the Bailout does not go through, we still lose.

Without the Bailout, stock market will be in Panic mode. Banks will be stuck with Toxic Assets. Banks will stop lending money as some has already started to do... some business in need of those those loans can't operate and people like you and me start to lose their jobs and those responsible for the crisis who are already rich will not be affected or not as much as our lives will.

So its either we pay for their mistakes or we lose everything.

They have us by the balls- it's a setup!

Just across the web and not into the streets?

Come on people make some signs, get some signatures or something, march your way to Washington! We see what youtube and google videos do for us compare that to those who go out and do .

Can someone explain this to me? If fanny may, and freddie mack are the reason for this. How then can this total be so large, if every person in the US let their home go into default it would not be over three hundred and fifty million at the most because that is about the total population of this country. So if every home cost one million dollars, then this should only be three hundred fifty million dollars. Now since only a few million home are forclosed on, and no average home cost near this amount. the rest would be companies. We still should not see no where near this amount, maybe I am mistaken can someone set me straight, please!

[edit on 26-9-2008 by want2believe]

If the bailout goes through then the Elite will have even more control than they already have. Its very simple to fix. So simple that anyone could solve it.

1. Give the government back its ability to print money and abolish the reserve.
2. Put trustyworthy people back into the government. ( Ron Paul )
3. Simply print the money needed.
4. Re-establish control of the country and tell the NWO that they can stick their plans up their @ss!

Something you don't see in the MSM...

I have been making phone calls all day...

www.visi.com...

reply to post by want2believe


I think your Math is alittle wrong.

350,000,000 homeowners x $1,000,000 loan = $350,000,000,000,000

This far exceeds the $700,000,000,000 bailout.

reply to post by want2believe


I've been sitting here with my calculator figuring out what you have just posted. This amount makes no sense. Your 100% right, we're not only bailing our the two mortgage companies but every bad investment that any large company has made in the last 10 years to come out with 700 Billion+. We could let everything crumble and with the 700B talked about, support our entire population for 100 years. and still have money left over!!

Zindo

[edit on 9/26/2008 by ZindoDoone]