Massive financial bailout fails in the House, page 20
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reply posted on 29-9-2008 @ 11:22 PM by cpdaman
Originally posted by nfotech
In response to several posters -

"it's the Republicans / Democrats fault"
People really need to get a clue, there is no two party system fighting for different ideals and there hasn't been for a long time. The same money buys both sides, they work together just fine when it comes to screwing us over. The only time they really start to even act like a two party system is around election time and even that is mostly staged. If people can't grasp this concept they may as well give up and go back to watching Idol re-runs.

Look at the advisers and contributors standing behind each candidate if you want to see these people for what they really are. McCain is surrounded by school of Chicago neo cons and Obama has Z Big and Soros. If you had to vote for the real powers, these people "behind the throne" I would guess most of us wouldn't vote for either one of these guys. Just as the democrats failed to bring about change from the last election, "change" will continue to be MIA, unless you're talking about changes to our rights, freedoms, and pocket books.


Please stop listening to bloggers and newscasters who tell you it's the poor people who took out mortgages they couldn't really afford who brought on this mess. It's simply not true. Poor, ethnic communities where housing loan programs were implemented actually have some of the highest repayment rates. The govt and the banks collaborated to extend credit to people they knew would not be able to pay it back. This was a planned failure for the purpose of building a convenient vehicle in which to hide all the bodies related to govt and finance sector fraud over the past 20 years. "BAIL-out" indeed, it's free bail for crimes they plan to get away with, period.

We've heard many alternatives, many of which would actually rebuild our economy and bring prosperity to the common people. They will not implement any of these short of a voter revolution. If you really love this country and your children / grandchildren it's time to break away from the political system, clean house from your city all the way to the DC capitol - and start voting for real people with real solutions.

They are counting on you being too stupid and too lazy to defend yourselves. They are literally bending you all over in the prison yard and most of you are only too glad to comply.



yup , what we need to to is get paulson OUT OF the U.S treasury SOON

next we need to mass email mccain/ obama exactly what you say (it's a one party (wall street/establisment majority party) system and were done falling for it, (and we plan to write in PAUL/ Kucinich, and third we will be weary of a false flag attack that diverts are anger away from the "greedy culprits " in a final desperate attempt to pass this thing with "eyes wide shut" and fourth we will be aware of any attemps on the lives of such canditates should they (kucinich/paul) be elected and then patriotically revoke the unconstitutional power of the federal reserve to print the U.S money (and unnecessarily indebt the country) just like Lincoln (greenbacks) and Kennedy attempted to do! This would cause the scum bags at the top to collectively S*&T their pants. The funny thing is we are the one country that still has the power to do this, and you can bet there are contigent plans being made to attack this threat to the establisment party.

Also pay attention to the upcoming supreme court ruling that is defining and clarifying how the term "enemy combatent" pertains to u.s citizens. The war is on between the establisment /wall street party and REAWAKENING americans and the few patriots we have left in congress

also the u.s is not trying to settle there "national debt" no country has ever paid there debt back in full, and the u.s can't , nor would it if it could


[edit on 29-9-2008 by cpdaman]


reply posted on 29-9-2008 @ 11:23 PM by Bunch
reply to post by Coniuratus


I think you are on to something.

The U.S. is facing a ever increasing debt that is not going to go away, so one way to reduced the debt is to decrease the value of the dollar which would scare away investors which it already has, have the government buy all this distress assest at penny on the dollar, wait a decade or two in order to see these investments payoff and utilize the money to pay the debt.

You know how I know this is not the case? It would be to smart of a plan for the government to have thought about it.


reply posted on 29-9-2008 @ 11:36 PM by jam321
reply to post by Bunch


Bunch, you know anything about the mark to market accounting principle?

Supposedly, this is also contributing to the crisis.


reply posted on 29-9-2008 @ 11:41 PM by Flash_dancer
reply to post by EvilAxis

I must say that EvilAxis posted the absolute best Youtube video link of all time on this thread.

Quite right, it was a crisis that never needed to happen, until our President proclaimed
“This sucker could go down!”

The EvilAxis Youtube video is really Tom Terrific. It addresses (in a humorous yet intelligent way) the de facto devaluation of the Dollar by flooding banks with Dollars.

I truly loved it when the fellow being interviewed began splitting sheets of toilet paper, stating "This is worth a million dollars a piece, more or less."

Are we allowing the creation of hyperinflation by allowing our government to bailout their buddies? Is this administration recreating the Weimar Republic in America? These are rational concerns, and inquiring minds want to know!

Won't the Dollar decline in value proportional to that printing of worthless paper?
Won't the Fed be able to instigate a circular action where taxpayer’s pay $1.00 for every bad loan; then Paulson has the ability to sell it for .20 cents to corporate pals, who in turn profit? Profit like by selling the valuable assets (That they were allowed to buy, at Paulson’s unbridled discretion, not subject to review or oversight) for a huge markup, to we common folk. Wouldn’t the American taxpayer foot the bill for this incredible scam?
This is the contemptuous greedy end most exactly contemplated by proposing this ridiculous 700 billion “bailout bill!” It is so boringly rife with corruption. Really, a person doesn’t have to have more than a marginal IQ to see through this proposed shenanigan.

All the President has to do to buck up the stock market is to issue an Executive Order exempting capital gains caused by inflation from taxation. That would provide immediate market relief. The he could say, “You know, things are really better that I thought at first. I made a mistake. The American economy is fundamentally sound, we just need to get rid of these “Free-Trade Agreements” that appear to be decimating American jobs…” Such a rational statement or two would tell Mr. Stock Market to go up. While the President is at it, perhaps he could get on the phone to Big Money and assure them that they should be calm about market manipulation while sensible legislation is appropriately considered to safeguard Americans from foreclosures and the like. He has speechmakers that could write a some sort of anti-piracy script, and Teleprompters to use to announce his “Revelations from the Mount”.

It's all on the Youtube, so bon appetite, for they yearn to cook the Dollar with confidence and indiscretion!

It's absolutely "on the money" and sums up the piracy we face in the event of passage of anything remotely similar to the 700 billion-giveaway auction for select corporate bidders for paper and foreclosures sold at America’s expense. Great Post, EvilAxis!

Flash_dancer


reply posted on 30-9-2008 @ 12:11 AM by Bunch
reply to post by jam321


Some members of Congress wants to repeal the mark to market rule becasue they say it will add capital to the companies that hold these distress assets right now.

How?

Instead of using the "mark to market" technique they want to use an average price that the security has fetched in the last 3 years.

Why is this important?

When a company that is going belly up or needs to raise capital at any cost, they would sell many of their assets at pennies on the dollar. That makes that other companies that held the same type of assets to issue writedowns on the values of their same type of assets even if their assets are not in a distress position. The "mark to market" standard force them to do this in many cases.

What all this is important?

Many of the financial institutions that have gone belly up or still fighting for survival found themselves in a highly leveraged when they started taking and issuing these writedowns and margin calls start pouring in making these companies to fight for survival by trying to raise capital that was not given to them by the government, private equity firms or hedge funds.

IMO the repealing of the "mark to market" principle would be a good way to solidify the position of many of the financial institutions that still stands and most importantly it would provide a floor for house prices value to bottom out. Thats a good thing.

It doesn't do anything IMO in order to unfreeze the credit situation, I think other things need to be worked out for that to happen.


reply posted on 30-9-2008 @ 12:35 AM by nfotech
I think it's very clear what the real plan was. They hoped to hit us with an economic 9-11 - "our economy is hanging 100 feet up over a whirpool of acid and sharks and we need to hand Paulsen absolute, God-like powers and lots of cash to fix it".

They thought the people would freak out and the congress would be able to pass this one easily on it's way out the door.

The sudden and violent opposition by vocal Americans has rocked them. They are facing an election in less than 2 months and the calls and emails finally got their attention.

These "law makers" are paralyzed now. They know passing the planned bailout package is electoral suicide yet they will refuse to pass any logical and intelligent counter plan.

I'll say it again, they devised this "crisis" in order to sweep decades of fraud and larceny under the rug. The thought of a voter and taxpayer revolution combined with failing to do the bidding of the shadow govt (fed reserve bankers) is what brought Paulsen to his knees. These guys might be facing not only investigations and prison time but also loss of their criminal profits and retribution from the shadow govt.

If McCain had an ounce of intelligence he would break from the party on this one, accept Palin's resignation and bring Ron Paul on as his vice president and policy maker. I believe these actions combined with a real economic solution would sweep him to victory in a landslide. The support and backing of the big banks and fellow politicians is not as critical at this point in time.

It would be nice to see, too bad the majority of our elected "officials" are bought and paid for whores.

We need to start responding like this and demand real solutions on every critical issue and demand a return to hand counted, paper ballots with open and transparent counting. If we do not reclaim our power as the voters the coup we've lived under for decades will fester into an open dictatorship. I really don't care who wins as long as they truly won by honest and fair elections.

"Who gives a *&^% what the voters "want", they don't really "vote" anymore anyway. We control the elections, the results and the media. The American public just "pretends" to matter until we no longer need the illusion." - (Presidential advisor over heard speaking to donors at a fund raising dinner).
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