DISQUS

Õ¿Õ · 1 year ago

We, the peasants, will be paying to bail out the self-styled elite with our tax money instead of that going to help us. What else ya wanna know?

Õ¿Õ · 1 year ago

ha ha

We the Peasants, of the United States of America...

ClayPotts · 1 year ago

The growth reported by financial institutions to government regulatory agencies was obviously based on illegal lending practices. The officials who signed these phony financial statements had to have known this. The corporate welfare queens and their boards of directors have willfully and unlawfully committed nothing short of fraud against America and should be prosecuted to the fullest extent of the law. There is enough damning evidence in the board reports to transform the neocons into neoconvicts if justice was allowed to prevail.

Õ¿Õ · 1 year ago

If you ever wake up in the morning and your clothes are on backwards, you might have been involved in an alien abduction. Unless you had been partying in Tijuana.

foolme1ns · 1 year ago

This administration has put the lie to the myth of the Free Market. Now everyone sees that it was simpy another lie to keep the money in the hands of those who already had it. They needed no regulations, because the "free market" would keep them in check. But now we are told that the "free market" can't be allowed to work, because these banks "are too big to fail". That is nonsense!!!! It is another lie told to keep the money in the hands of the criminal rascals.
If the free market can't support monolithic banks, then monolithic banks cannot be allowed to exist in a free market system. What we have now is nationalization of bank debts. Just like the good old communists. That should make the Bush administration very proud. We will have The People's Mortgage company. Tax payers will pay for all of the bad judgements and ruination of these banks just like we will all have to pay for the bad judgements, mismanagement, and frat boy antics of this disastrous horrendous administration.

When I read on the same day that bank examiners are looking at Freddie Mac and Fannie Mae and know that they are going to be bailed out with my money, and on the other hand thieves are steeling brass lug nuts from fire hydrants to sell them, and no one will be bailing these guys our, then I know that our system has failed. The neocons have led us right back to the class system of old Europe where there are two sets of rules. One for the rich and powerful and one for the poor and desperate. Revolutions have been started on much less than this.

Õ¿Õ · 1 year ago

I would just worry about myself now. I've gotten my money out of the bank and it's in a fireproof safe beside me now. I wish you all the best of good luck. I will be here as long as I'm able to pay my internet bill.

Õ¿Õ · 1 year ago

A friend of mine said his wife saw an alien spacecraft while they were vactioning in their RV. They usually vacation ever year up in the northeast like the Tennessee mountains, so I figure that's where it was he was talking about. Anyway, she went outside, early in the morning to let their little dog out and this spacecraft was just sitting there on the grass. And then it rose up and left. She came back in later and apparently told him. I've never seen anything like that. Another friend at work said that the reason they seem to show up at night the most is the lights are more visual for people to see.

Õ¿Õ · 1 year ago

Molly Ivins said that we shouldn't wait and let the people rise up against what is happening because we must do something now to prevent the suffering in the meantime. She was right and that's what we've done. But will they ever actually rise up? If my own family is any indication, no they wont. It's become all my fault now that they voted for bush twice and repuke policies the last 30 years and they can't get anymore jobs instead of addressing what is happening. I call them and point it out so that's all the bad things happening now. You all better get prepared because this is going to happen on a mass scale.

Õ¿Õ · 1 year ago

The Amerikan people are like a big dumb fat mule to me. You can try and try to kick it all you want, but it's going to do the stupid thing over and over and then kick your teeth out if you keep it up. So just sorta prepare yourself, as best you can. Yeah, they will bail out the banks with our hard earned money.

Õ¿Õ · 1 year ago

Meanwhile, say a prayer or wish when you pass under a bridge or other of our so-called infrastructure. I noticed they sure worked hard and spared no expense on rebuilding the one in Minnasota. Wonder why. It's sinister how New Orleans has been basically left to die.

Õ¿Õ · 1 year ago

I just post and post and post just as the day is long...

Õ¿Õ · 1 year ago

Anyways, as part of the night shift here and the non posting, just trying to keep the mirth and merriment alive.

OlderAndWiser · 1 year ago

No wonder the Fed and Treasury worked Congress to act hastily in the Fannie/Freddie debacle:

http://bloomberg.com/apps/news?pid=20601087&sid...

And who the fuck in Congress has been watching these greedheads? It seems many Americans still believe Fannie/Freddie are "govt" agencies as well. They don't know the difference...but Congress does. Note the last sentence of this news story...

BLOGGING BITCH! · 1 year ago

The British Pound is worth 2 U.S. Dollars. When does that get addressed? How can they keep bailing out business with no future plans to keep jobs here?

Maybe John McCain should show us how he'd budget $35,000 Dollars a year...before taxes.

OlderAndWiser · 1 year ago

McBush thinks people should be able to live on what they have--this from a guy whose whole life has been living on other people's taxes...and who gets $80K a year in a Navy disability pension and SS benefits. Also, don't forget he has at least 4 potential health care sources: The Senate plan, Medicare, VA health care and his wife's private plan.

The average SS payment is about what I get: $11,500/yr. for 2007.

OlderAndWiser · 1 year ago

Hope no one has stock in Wachovia...

http://bloomberg.com/apps/news?pid=20601087&sid...

You're screwed. All the "help" provided by the Fed to banks is going to capital, and stockholders will take the losses, providing the banks don't totally fail like IndyMac, which wasn't even on the FDIC watch list. Geez, I'd love to see which banks ARE on that list...so would depositors, I'm sure.

randysmith · 1 year ago

I grew up in North Carolina. Wachovia has been run by a bunch of crooks since forever... So if you bought their stock, you should have known better and deserve to lose it all...

Unfortunately, my company used AGEdwards for our 401Ks. They got bought over by Wachovia, so my pension is now under the crooks control -- and down far more than I've contributed the last 2 years....

But if you're worried -- and you should be -- make sure your total combined Wachovia BANK accounts don't exceed $100,000. Better yet, open an account somewhere else.

BLOGGING BITCH! · 1 year ago

I'd like to see all this get topped off with John McCain promising to never investigate anything Bush has ever done.

BLOGGING BITCH! · 1 year ago

Will Cindi McCain be audited now that she sold Anheuser?

BLOGGING BITCH! · 1 year ago

If they don't address this little tidbit, then why bother bailing out anything?

http://www.rawstory.com/showarticle.php?src=htt...


Looks like we all owe half a mil now.

OlderAndWiser · 1 year ago

From that article:
"The loss reflects a continued deterioration in the finances of Social Security and government retirement programs for civil servants and military personnel. The loss -- equal to $11,434 per household -- is more than Americans paid in income taxes in 2006."

So that means I owe what I'm already getting. Christ, talk about Catch 22...and if they want another half a mil, it won't come from me, unless they want my 12 yr old car and the diamond ring my late aunt left me which I'm saving for a rainier day. This also answers your question about someone making $35K a year before taxes...they already owe it to the govt., so they don't have to budget anything.

Õ¿Õ · 1 year ago

It's all fucked up.

TomJoad · 1 year ago

One main thing...they love to say "Put your money where your mouth is..." and...they DO IT.

There is NO argument out of it. Except they put OUR money, but still not where their mouths are. They need to be exposed as the "elite socialists", the ones that want a welfare state, but only for businesses. Indiviuals can just rot. Darwinism for us, communism for them and their buiddies.
Won't be long before there is a revolution, unless we keep letting thembuild "crowd control" and have standing armies...and practice on us in airline lines, keeping us docile.

The biggest thing they fear, one day folks will wake up.

tbhull · 1 year ago

I agree the free market should let banks fail, however, when it comes to banks the market is not exactly free. The government has a vested interest in insuring that banks remain solvent for the government to some degree through deposit insuraance must make deposits to a certain level whole when a bank goes under.

The problem is when government ssteps in and bastardized market dynamics with its heavy hand it only digs a dipper hole for the traxpayers. The government should let those banks in trouble fail and limit their ;losses no matter what the psychological impact. The cost is less today than paying for the inevitable. Or perhaps, we will have no free market and have national bank.

jr · 1 year ago

the Reaganomic savings and loan crisis was the right's super bowl trophy they strive for in every repub administration

ron071 · 1 year ago

Free markets are a MYTH! Hopefully, someday soon a book will be published which will reveal the extent of market manipulation by government entities such as the PPT ( Plunge Protection Team ). Individual investors are like sheep being taken to slaughter. The sheep don't know it either until after the fact and can only scream-what happened?