Comments on: Congressional Charade: Changes in Bailout Bill Cosmetic, and Everyone Knows That

By: Peggy McGilligan

Peggy McGilligan — Mon, 29 Sep 2008 19:39:00 +0000

Just Say No: imagine, a $1-trillion dollar bailout without even a hint at wrongdoing or malfeasance. Many of the fat cats who circulate from board to board and from job to job, are also members of the Trilateral Commission and or the Bilderberg Group. When someone takes your money and steals your car, it makes an impression. When they’re committed globalists, it leaves a lasting impression. Many elected officials even 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. If you or I did half the things these people have done, we’d be serving consecutive life sentences. Let the bubble burst. Gentlemen, I want my money back: http://theseedsof9-11.com

By: Poor-is-the-new-black

Poor-is-the-new-black — Mon, 29 Sep 2008 14:56:00 +0000

I contacted my Senator and Congressman last night to vote no on this bill. If the public can be informed via Internet, there may be enough pressure to screw the vote. Keep trying people, Think of -your- children!

By: LJR

LJR — Mon, 29 Sep 2008 14:32:00 +0000

Banana_Republic++.

Wheeeee!

By: tk6910

tk6910 — Mon, 29 Sep 2008 13:17:00 +0000

“If it doesn’t pass we shouldn’t be in Congress”, said Senator Judd.

I say we should vote against all those who voted for this bill this November. Let us act on our outrage with our votes. This is more important than who we vote for the Presidency of the US, since both candidates are supporting this bill.

By: Avl Guy

Avl Guy — Mon, 29 Sep 2008 12:35:00 +0000

Given the tweaking, how long will it take for blogdom to confirm that first $350 Billion tranche of “No Bank Left Behind” v1.4 is failing to achieve its goals?
Will there be enough transparency to track who refuses a bailout, when executive compensation limits are put into effect?
The impact on liquidity of inter-bank lending will be easier to track by blogdom.
The price paid/sold for distressed assets are supposed to be released 48-hours after each transaction right?

By: Jojo

Jojo — Mon, 29 Sep 2008 11:01:00 +0000

Just watching the political reporter on CNBC say that the bailout bill is going to pass. Says there are enough votes.

Interestingly, he addressed voter potential backlash against incumbents by saying that the leaders will let those in difficult races vote no to protect them. The yes votes will only come from those not up for reelection this cycle or those who don't have to worry because they get elected no matter what they do.

They know how to work the system.

I'll second the vote for a new tea party and revolution. This seems the only way that that the system will get changed, sigh. Do they still make guillotines?

By: Anonymous

Anonymous — Mon, 29 Sep 2008 10:08:00 +0000

Nobody asked Ms. Market how SHE felt about all this. Yesterday most bloggers were assuming a big pop today, on the prospect of all that stolen Treasury loot being handed over to Da Boyz.

Wrong-o! I see Dow futs down 129, and spoos off 20. Que locura! Kongress is like a kid, naively trying to buy a bicycle with his lunch money. The store owner, in his best Barney Frank rasp, tells him, "Ya ain't even got a DOWN PAYMENT, kiddo. Come back when ya grow up and have some money."

Well, KongressKlowns will never grow up, and their "money" will never be anything but worthless fiat paper. So to the esteemed Ms. Market, I say:

"DUMP THOSE PENNILESS CLOWNS AND BANG THE CIRCUIT BREAKERS!"

-- Juan Falcone

By: Anonymous

Anonymous — Mon, 29 Sep 2008 10:07:00 +0000

I have been watching this Financial coup d'etat slackjawed.

I heard Sen Judd Gregg (NH) describe the bailout as an investment by the taxpayer.

Barring the insane and money launderers why would any rational person person purchase anything sight unseen,price unknown ,quantity unknown and market value unknown.

Whats remarkable is the fact that this is precisely the selling strategy that lead to this debacle (from sub prime on..)....and now its being repeated at the back end of the problem.

By: Jojo

Jojo — Mon, 29 Sep 2008 09:44:00 +0000

Is it any surprise that Congresspeople elected for their ability to clear brush or deliver sound bites with a photogenic smile are about to cast one of the most important votes of their careers without a clue about what they're voting for?

Yves, you don't think that Congresspeople actually read or understand the bills they vote on?

I read an insider story once that said all the heavy lifting is done by the staffers. They produce a sort of Cliffnotes summary and recommend the action the Congressperson take. What with lunching and traveling with lobbyists and drumming up campaign contributions, Congresspeople don't have time to read and study bills that are hundreds or thousands of pages long. It's all very disgusting.

While voting against those who vote for the bailout is a good idea, the problem is that not all of Congress is up for reelection this go around. In California, Feinstein & Boxer are not, so they are safe and can vote for the bill knowing that the average voter's memory is about 5 days prior.

By: Anonymous

Anonymous — Mon, 29 Sep 2008 08:25:00 +0000

Voting third party for a President won’t do any good. Those people never win.

I’m starting to think the solution is rebellion. We need another Tea Party!