They are selling out America to a small handful of elite bankers. China and other countries have openly questioned the U.S.’s AAA rating. If foreign countries stop buying American debt our economy will also stop.
Do you really trust the CEO of Goldman Sachs (on leave) with a $700,000,000,000.00 *revolving* line of credit?
Here is a snippet from the text of the bill:
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
In order or priority, the following should do the honorable thing and fall on their swords:
1. the “investment bankers” who disregarded decades of time tested requirements and gave loans to people who clearly didn’t qualify for them. Greed wins out everytime.
2. the insurance carriers like AIG who jumped on the bandwagon and wrote insurance on the crap loans in case they defaulted. Nice job.
3. the government for not overseeing one of the most important aspects of our economy. I guess they were too busy sending our foreign aid an playing with Iraq to take care of business at home.
4. all the Monday morning quarterbacks who knew all along this house of cards was going to collapse someday but didn’t have the balls to say or do anything about it.
But look on the less dark side. I can’t say bright because there is no brightness. America is losing it’s economic power and credibility with the rest of the world. All the boomers who saved their money for retirement and made conservative investments are taking it up the back end because a small group of fools were allowed to put our retirement at risk. Not only can I not make interest on my savings, I have to worry about losing the savings altogehter. THANK YOU east coast investment banker. Thank you Wall St. Thank you my government………..FOR NOTHING.
The decent people of America should be outraged and demand the government identify those who caused the financial collapse due to their negligent, fraudulent, and pure stupid decisions. These people have caused more grief to our citizenry than any of our enemies. They should be held accountable and penalized severely. These clows had a great time and made big bucks gambling with our future. THEY LOST. Where’s the consequence for them? Otherwise no lesson will be learned. These morons took big bonuses and salaries and essentially flew the financial airplane into the ground. What should be their punishment?
But Ruth, you don’t trust Paulson when he says things along the lines of “as much as it pains us to put the taxpayer in this situation, it is necessary and preferable to ‘the alternative'”?
You mean you don’t like that they got to privatize the gains and we get stuck with the socialization of the losses?
You mean you don’t feel obligated to put your tax dollars towards floating your neighbors’ overpriced and out-of-means mortgages?
By the way, they proposed changes this morning which would add “troubled assets” to mortgage-backed securities (think credit cards, car loans and student loans) and specifically says foreign-based institutions are also eligible for the bailout!
I saw the US Treasury Secretary get caught on Sunday morning by a lie he told back in March on NBC. He said the US financial institutions were sound and he had absolutely no worries. Hmmmm, I guess the CEO’s must be paying him some big bucks to make a comment like that or he’s just to ignorant to know the difference. I’m not in his position, but you would think he would be one of the smartest people we know to be in that position. And he thought they were doing great. And he thinks this bailout will help the economy vs the alternative? He just proved he has no clue about anything so his speculation will cost us Trillions of dollars. I’m not voting for one incumbent this election!
They are selling out America to a small handful of elite bankers. China and other countries have openly questioned the U.S.’s AAA rating. If foreign countries stop buying American debt our economy will also stop.
Do you really trust the CEO of Goldman Sachs (on leave) with a $700,000,000,000.00 *revolving* line of credit?
Here is a snippet from the text of the bill:
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Doesn’t that just give you the warm-and-fuzzy?
In order or priority, the following should do the honorable thing and fall on their swords:
1. the “investment bankers” who disregarded decades of time tested requirements and gave loans to people who clearly didn’t qualify for them. Greed wins out everytime.
2. the insurance carriers like AIG who jumped on the bandwagon and wrote insurance on the crap loans in case they defaulted. Nice job.
3. the government for not overseeing one of the most important aspects of our economy. I guess they were too busy sending our foreign aid an playing with Iraq to take care of business at home.
4. all the Monday morning quarterbacks who knew all along this house of cards was going to collapse someday but didn’t have the balls to say or do anything about it.
But look on the less dark side. I can’t say bright because there is no brightness. America is losing it’s economic power and credibility with the rest of the world. All the boomers who saved their money for retirement and made conservative investments are taking it up the back end because a small group of fools were allowed to put our retirement at risk. Not only can I not make interest on my savings, I have to worry about losing the savings altogehter. THANK YOU east coast investment banker. Thank you Wall St. Thank you my government………..FOR NOTHING.
The decent people of America should be outraged and demand the government identify those who caused the financial collapse due to their negligent, fraudulent, and pure stupid decisions. These people have caused more grief to our citizenry than any of our enemies. They should be held accountable and penalized severely. These clows had a great time and made big bucks gambling with our future. THEY LOST. Where’s the consequence for them? Otherwise no lesson will be learned. These morons took big bonuses and salaries and essentially flew the financial airplane into the ground. What should be their punishment?
But Ruth, you don’t trust Paulson when he says things along the lines of “as much as it pains us to put the taxpayer in this situation, it is necessary and preferable to ‘the alternative'”?
You mean you don’t like that they got to privatize the gains and we get stuck with the socialization of the losses?
You mean you don’t feel obligated to put your tax dollars towards floating your neighbors’ overpriced and out-of-means mortgages?
By the way, they proposed changes this morning which would add “troubled assets” to mortgage-backed securities (think credit cards, car loans and student loans) and specifically says foreign-based institutions are also eligible for the bailout!
I saw the US Treasury Secretary get caught on Sunday morning by a lie he told back in March on NBC. He said the US financial institutions were sound and he had absolutely no worries. Hmmmm, I guess the CEO’s must be paying him some big bucks to make a comment like that or he’s just to ignorant to know the difference. I’m not in his position, but you would think he would be one of the smartest people we know to be in that position. And he thought they were doing great. And he thinks this bailout will help the economy vs the alternative? He just proved he has no clue about anything so his speculation will cost us Trillions of dollars. I’m not voting for one incumbent this election!