Comments on: Protests Against Bailout Bill Registering With Congress http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html Mon, 23 Nov 2009 09:23:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-18741 Anonymous Wed, 01 Oct 2008 18:30:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-18741 this is a tax plan, they say the tax payers will foot the bill.its called a bailout because it would never pass if they called it tax plan .when you get the BILL ,it will be pay up suckers for wall street.have a nice day this is a tax plan, they say the tax payers will foot the bill.its called a bailout because it would never pass if they called it tax plan .when you get the BILL ,it will be pay up suckers for wall street.have a nice day

]]> By: Howard http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-17005 Howard Wed, 24 Sep 2008 16:52:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-17005 THE BAILOUT?<br/>Why not bring Alan Greenspan into the mix. He's the one who warned about this meltdown back in April. Remember, when the democrats voted against his advised legislation to prevent this mess. And, how about Newt, who suggested that we consider a plan B, and consult with the advisers who successfully turned the economy around before, during the Reagan administration. Why are we looking to Paulson and Bernecke? Aren't they the ones at the helm when this mess took place? An independent panel should determine who will benefit from this bailout ... and, who's asses will be saved by it ... and, if any of those people are the ones pushing it through? Let's not be rushed by foxes, who might be guarding the chicken coup ... AGAIN !!! THE BAILOUT?
Why not bring Alan Greenspan into the mix. He’s the one who warned about this meltdown back in April. Remember, when the democrats voted against his advised legislation to prevent this mess. And, how about Newt, who suggested that we consider a plan B, and consult with the advisers who successfully turned the economy around before, during the Reagan administration. Why are we looking to Paulson and Bernecke? Aren’t they the ones at the helm when this mess took place? An independent panel should determine who will benefit from this bailout … and, who’s asses will be saved by it … and, if any of those people are the ones pushing it through? Let’s not be rushed by foxes, who might be guarding the chicken coup … AGAIN !!!

]]> By: Peggy McGilligan http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-16991 Peggy McGilligan Wed, 24 Sep 2008 15:28:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-16991 When Bill Clinton eased banking restrictions in California, he also dished out $8-billion dollars for "community redevelopment loans.” Of course, the money would never get paid back. Undoing regulations sets a precedent, as does "comping" real estate. With the influx of cheap capital, properties already overvalued at $125,000 inflated to $525,000. Enter, "creative financing.” When the schemes fell through, as they are wont to do whenever 30-million Mexican nationals buy inflated properties in another country and default, it left bankers around the world in the lurch (see global economy). Never mind that the aforementioned demographic is the new face of the Democratic Party; Congress simply cannot determine the worth of the financial instruments, because of rampant “creativity” and subjective prices. It’s a $90-billion bailout at best. But if you want to thank someone, thank Hillary Clinton. She knew all along who’d get the loan giveaways; she knew whose votes she’d buy. So, why should you bail the housing bubble? Let the Dems do it, let those 18-million cracks pass the hat: http://theseedsof9-11.com When Bill Clinton eased banking restrictions in California, he also dished out $8-billion dollars for “community redevelopment loans.” Of course, the money would never get paid back. Undoing regulations sets a precedent, as does “comping” real estate. With the influx of cheap capital, properties already overvalued at $125,000 inflated to $525,000. Enter, “creative financing.” When the schemes fell through, as they are wont to do whenever 30-million Mexican nationals buy inflated properties in another country and default, it left bankers around the world in the lurch (see global economy). Never mind that the aforementioned demographic is the new face of the Democratic Party; Congress simply cannot determine the worth of the financial instruments, because of rampant “creativity” and subjective prices. It’s a $90-billion bailout at best. But if you want to thank someone, thank Hillary Clinton. She knew all along who’d get the loan giveaways; she knew whose votes she’d buy. So, why should you bail the housing bubble? Let the Dems do it, let those 18-million cracks pass the hat: http://theseedsof9-11.com

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-16956 Anonymous Wed, 24 Sep 2008 12:50:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-16956 To Blissex: <br/>thank you for your suggestion. I have felt strong revulsion to Paulson's proposal, but did not know how to channel it to make a difference. More information about how best to communicate our thoughts to those in power will be highly appreciated.<br/><br/>Also thank you Yves Smith for your blogs. I have been coming to you for updates multiple times a day. To Blissex:
thank you for your suggestion. I have felt strong revulsion to Paulson’s proposal, but did not know how to channel it to make a difference. More information about how best to communicate our thoughts to those in power will be highly appreciated.

Also thank you Yves Smith for your blogs. I have been coming to you for updates multiple times a day.

]]> By: Richard Kline http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-16910 Richard Kline Wed, 24 Sep 2008 07:22:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-16910 Auto-emails, form postcards, and block faxes tend to get tuned out; Congress knows that game. Individual contacts, especially those that take time like phone calls and letters, carry extra weight, as do actual constituency contacts by any media. And 99-1 against is a nice ratio to have. One reason why the Demos have been such ninnys, frankly, is that they have had a constant 48% sclub block from the public which preferred hearing lies to arguing about truth. The Demos have had no hard nut of public opinion to use as fulcrum, making every issue a hairsbreadth confrontation where lies and obfuscation aimed at the leaners carry disproportionate weight. So a large and staunch majority opinion for 'Other' gives them a fulcrum upon which to act, or rather Act. They may not Act wisely, being Demos, but given the Paulson Proposal there's nowhere to go but up. <br/><br/>Takedown not Bailout! Auto-emails, form postcards, and block faxes tend to get tuned out; Congress knows that game. Individual contacts, especially those that take time like phone calls and letters, carry extra weight, as do actual constituency contacts by any media. And 99-1 against is a nice ratio to have. One reason why the Demos have been such ninnys, frankly, is that they have had a constant 48% sclub block from the public which preferred hearing lies to arguing about truth. The Demos have had no hard nut of public opinion to use as fulcrum, making every issue a hairsbreadth confrontation where lies and obfuscation aimed at the leaners carry disproportionate weight. So a large and staunch majority opinion for ‘Other’ gives them a fulcrum upon which to act, or rather Act. They may not Act wisely, being Demos, but given the Paulson Proposal there’s nowhere to go but up.

Takedown not Bailout!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-16896 Anonymous Wed, 24 Sep 2008 05:51:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-16896 What I don't understand is where is this amount of money coming from? <br/>A: By printing new notes and coins?<br/>or<br/>B: By issuing treasury notes to soverign countries?<br/>or<br/>C: Both<br/><br/>Does anyone actually know the truth? What I don’t understand is where is this amount of money coming from?
A: By printing new notes and coins?
or
B: By issuing treasury notes to soverign countries?
or
C: Both

Does anyone actually know the truth?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-16895 Anonymous Wed, 24 Sep 2008 05:48:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-16895 http://www.rasmussenreports.com/public_content/business/general_business/just_7_favor_fed_bailout_for_financial_firms http://www.rasmussenreports.com/public_content/business/general_business/just_7_favor_fed_bailout_for_financial_firms

]]> By: Fascist Nation http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-16894 Fascist Nation Wed, 24 Sep 2008 05:47:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-16894 Rassmusen reports only 7% of Americans support the bailout. 7%! That is the same as the undecideds in every friggin poll. Rassmusen reports only 7% of Americans support the bailout. 7%! That is the same as the undecideds in every friggin poll.

]]> By: Blissex http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-16891 Blissex Wed, 24 Sep 2008 05:43:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-16891 Well if you really want to get listened by your representative or senator, MAKE A DONATION (even just a $10 check) saying that it is to help them resist the temptations of the lobbysts at re-election time.<br/><br/>A personal letter is good (WITH YOUR FULL ADDRESS so the representative knows you are in his district/state), but if it comes with a campaign donation it is much, much better. Well if you really want to get listened by your representative or senator, MAKE A DONATION (even just a $10 check) saying that it is to help them resist the temptations of the lobbysts at re-election time.

A personal letter is good (WITH YOUR FULL ADDRESS so the representative knows you are in his district/state), but if it comes with a campaign donation it is much, much better.

]]> By: doc holiday http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill.html#comment-16890 doc holiday Wed, 24 Sep 2008 05:38:00 +0000 http://www.nakedcapitalism.com/2008/09/protests-against-bailout-bill-registering-with-congress/#comment-16890 If people would connect the dots to pension fraud and The Pension Protection Act, they might realize that every member of congress/senate are crooks linked to on-going fraud. These elected reps are the crooks that have allowed Department of Labor to open up pension funds to global hedge activity, like CDOs and derivative swaps -- our elected reps have opened the pocket books of Americans for wall street crooks, aka underwriters who are allowed to play with your cash, as if their casino/mafia has the right to abuse you all! It's time to get rid of everyone of them starting today! If people would connect the dots to pension fraud and The Pension Protection Act, they might realize that every member of congress/senate are crooks linked to on-going fraud. These elected reps are the crooks that have allowed Department of Labor to open up pension funds to global hedge activity, like CDOs and derivative swaps — our elected reps have opened the pocket books of Americans for wall street crooks, aka underwriters who are allowed to play with your cash, as if their casino/mafia has the right to abuse you all! It’s time to get rid of everyone of them starting today!

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