Comments on: Bailout Talks Do Not Appear to Be Going Well http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html Sun, 22 Nov 2009 17:40:25 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Peggy McGilligan http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-18035 Peggy McGilligan Sun, 28 Sep 2008 23:05:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-18035 This isn’t Monopoly money. Imagine, a $1-trillion dollar bailout without ever any admission of wrongdoing or malfeasance. Many of the fat cats who circulate from board to board and from job to job, also happen to be members of the Trilateral Commission and or Bilderberg Group. When someone takes your money and steals your car, it leaves an impression. When they're committed globalists, it makes a lasting impression. Many of our elected officials belong to the cabals. When Bill Clinton eased banking restrictions, he dished out $8-billion dollars for community reinvestment loans. When the financing schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left banks in the lurch. Hillary Clinton counted on the loan giveaways to buy votes. Interestingly enough, had Hillary secured the nomination; she, instead of Barack Obama would preside over the bailout. So, where is that $8-bilion plus dollars? The Global Initiative people (code speak for car thieves) took my money; they stole my car; now they’re coming for you. Let the bubble burst. Gentlemen, I want my money back: http://theseedsof9-11.com This isn’t Monopoly money. Imagine, a $1-trillion dollar bailout without ever any admission of wrongdoing or malfeasance. Many of the fat cats who circulate from board to board and from job to job, also happen to be members of the Trilateral Commission and or Bilderberg Group. When someone takes your money and steals your car, it leaves an impression. When they’re committed globalists, it makes a lasting impression. Many of our elected officials belong to the cabals. When Bill Clinton eased banking restrictions, he dished out $8-billion dollars for community reinvestment loans. When the financing schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left banks in the lurch. Hillary Clinton counted on the loan giveaways to buy votes. Interestingly enough, had Hillary secured the nomination; she, instead of Barack Obama would preside over the bailout. So, where is that $8-bilion plus dollars? The Global Initiative people (code speak for car thieves) took my money; they stole my car; now they’re coming for you. Let the bubble burst. Gentlemen, I want my money back: http://theseedsof9-11.com

]]> By: Invictus http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-17870 Invictus Sun, 28 Sep 2008 04:46:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-17870 Hoisted from the times.<br/><br/>“I didn’t know I was going to be the referee for an internal G.O.P. ideological civil war,” Mr. Frank said, according to The A.P.Thursday, in the Roosevelt Room after the session, the Treasury secretary, Henry M. Paulson Jr., literally bent down on one knee as he pleaded with Nancy Pelosi, the House Speaker, not to “blow it up” by withdrawing her party’s support for the package over what Ms. Pelosi derided as a Republican betrayal.<br/><br/>“I didn’t know you were Catholic,” Ms. Pelosi said, a wry reference to Mr. Paulson’s kneeling, according to someone who observed the exchange. She went on: “It’s not me blowing this up, it’s the Republicans.”<br/><br/>Mr. Paulson sighed. “I know. I know.”<br/><br/>http://www.nytimes.com/2008/09/26/business/26bailout.html?_r=2&sq=bush%20economy%20sucker&st=cse&oref=slogin&scp=1&pagewanted=all&oref=slogin Hoisted from the times.

“I didn’t know I was going to be the referee for an internal G.O.P. ideological civil war,” Mr. Frank said, according to The A.P.Thursday, in the Roosevelt Room after the session, the Treasury secretary, Henry M. Paulson Jr., literally bent down on one knee as he pleaded with Nancy Pelosi, the House Speaker, not to “blow it up” by withdrawing her party’s support for the package over what Ms. Pelosi derided as a Republican betrayal.

“I didn’t know you were Catholic,” Ms. Pelosi said, a wry reference to Mr. Paulson’s kneeling, according to someone who observed the exchange. She went on: “It’s not me blowing this up, it’s the Republicans.”

Mr. Paulson sighed. “I know. I know.”

http://www.nytimes.com/2008/09/26/business/26bailout.html?_r=2&sq=bush%20economy%20sucker&st=cse&oref=slogin&scp=1&pagewanted=all&oref=slogin

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-17866 Anonymous Sun, 28 Sep 2008 04:19:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-17866 What is so important about "Monday". Is this an artificial deadline just put in place in order monger up fear?<br/><br/>OR, is there a _real reason_ ? if so, what is it? Usually markets crash for a reason, not because governments declare it must be so.<br/><br/>Billy What is so important about “Monday”. Is this an artificial deadline just put in place in order monger up fear?

OR, is there a _real reason_ ? if so, what is it? Usually markets crash for a reason, not because governments declare it must be so.

Billy

]]> By: Matt Dubuque http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-17865 Matt Dubuque Sun, 28 Sep 2008 04:17:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-17865 Matt Dubuque<br/><br/>For those that may not know, The National Review is an extraordinarily well connected conservative publication whose founder William Buckley is one of the most influential conservatives of the 20th Century.<br/><br/>For that publication to say as of 10pm EST today that "the wheels have come off" and the deal is "coming apart" is truly noteworthy.<br/><br/>If ever there was a group of people who had a sense of profound Republican dissatisfaction with the Paulson Plan, it would be them.<br/><br/>Matt Dubuque<br/>mdubuque@yahoo.com Matt Dubuque

For those that may not know, The National Review is an extraordinarily well connected conservative publication whose founder William Buckley is one of the most influential conservatives of the 20th Century.

For that publication to say as of 10pm EST today that “the wheels have come off” and the deal is “coming apart” is truly noteworthy.

If ever there was a group of people who had a sense of profound Republican dissatisfaction with the Paulson Plan, it would be them.

Matt Dubuque
mdubuque@yahoo.com

]]> By: Stuart http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-17862 Stuart Sun, 28 Sep 2008 03:54:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-17862 "global disaster Monday"<br/><br/>BS!<br/><br/>It'll be the same old manipulation/intervention in the markets. “global disaster Monday”

BS!

It’ll be the same old manipulation/intervention in the markets.

]]> By: alan von altendorf http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-17861 alan von altendorf Sun, 28 Sep 2008 03:35:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-17861 I think it's over. House of Reps has to adjorn to campaign in home districts. BBC reporting if no deal announced tonight, global disaster Monday. I think it’s over. House of Reps has to adjorn to campaign in home districts. BBC reporting if no deal announced tonight, global disaster Monday.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-17860 Anonymous Sun, 28 Sep 2008 03:26:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-17860 comp over $1m is already nondeduct so this is bs. comp over $1m is already nondeduct so this is bs.

]]> By: paddy http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-17858 paddy Sun, 28 Sep 2008 03:13:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-17858 Breaking news. Troubled British bank nationalised.<br/><br/>From the times<br/><br/>http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4837986.ece<br/><br/>Quote:<br/><br/>It is understood that most of B&B’s £50 billion of loans, including £42 billion of home mortgages, will not be sold and will be nationalised on a long-term basis. Discussions are now understood to focus on breaking up the bank and selling its assets to other banks. The government has been lining up bidders for B&B’s £20 billion of retail deposits and 197 branches. Breaking news. Troubled British bank nationalised.

From the times

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4837986.ece

Quote:

It is understood that most of B&B’s £50 billion of loans, including £42 billion of home mortgages, will not be sold and will be nationalised on a long-term basis. Discussions are now understood to focus on breaking up the bank and selling its assets to other banks. The government has been lining up bidders for B&B’s £20 billion of retail deposits and 197 branches.

]]> By: doc holiday http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-17854 doc holiday Sun, 28 Sep 2008 02:58:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-17854 Yves, it's me...<br/><br/>Have you seen this stuff anywhere??<br/><br/>Troubled Assets Relief Program <br/>Highlights of the Discussion Draft Bill <br/>Currently being considered by Congress on <br/>Friday, September 26, 2008 <br/><br/>http://www.daypitney.com/news/docs/dp_2307.pdf<br/><br/>Lots of law firms going over this stuff, which seems like a conflict of interest, but... Yves, it’s me…

Have you seen this stuff anywhere??

Troubled Assets Relief Program
Highlights of the Discussion Draft Bill
Currently being considered by Congress on
Friday, September 26, 2008

http://www.daypitney.com/news/docs/dp_2307.pdf

Lots of law firms going over this stuff, which seems like a conflict of interest, but…

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going.html#comment-17851 Anonymous Sun, 28 Sep 2008 02:38:00 +0000 http://www.nakedcapitalism.com/2008/09/bailout-talks-do-not-appear-to-be-going-well/#comment-17851 There is a reason why lawyers don't run finance departments There is a reason why lawyers don’t run finance departments

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