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Thread: Bailout rejected! American economy screwed?

  1. #61
    Hard Core User nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz's Avatar
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    Re: Bailout rejected! American economy screwed?

    Quote Originally Posted by zehner View Post
    i was just interested as to why you brought up illegals nutz. please continue the fine display
    Do illegals have SSNs? Do illegals have permanent addresses? Do illegals have jobs they can report to lending agencies?

    Why does this strike such a chord with you?

  2. #62
    Space Cowboy aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one's Avatar
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    Re: Bailout rejected! American economy screwed?

    come on dude, you cant be that retarded.
    Too long in Exile, too long not singing my song.
    Too long like a rolling stone, Too long in exile
    Too long in Exile, baby you just arent my friend.
    Too long in Exile my friend, Baby you can never go home again.

  3. #63
    dia dhuit zehner has a reputation beyond repute zehner has a reputation beyond repute zehner has a reputation beyond repute zehner has a reputation beyond repute zehner has a reputation beyond repute zehner has a reputation beyond repute zehner has a reputation beyond repute zehner has a reputation beyond repute zehner has a reputation beyond repute zehner has a reputation beyond repute zehner has a reputation beyond repute zehner's Avatar
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    Re: Bailout rejected! American economy screwed?

    Quote Originally Posted by nuckingfutz View Post
    Why does this strike such a chord with you?
    why are you getting so excited nutz?

    who fuct up the yankee economy?

  4. #64
    Hard Core User nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz's Avatar
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    Re: Bailout rejected! American economy screwed?

    Quote Originally Posted by aging one View Post
    come on dude, you cant be that retarded.
    Evidently you are that blind...or too wrapped up in the politics to understand.

    BUT, I'll bite, where am I wrong?

  5. #65
    Senior Member esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1's Avatar
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    Re: Bailout rejected! American economy screwed?

    Quote Originally Posted by OhhhYouKnow View Post
    From the other side of the aisle, Dennis Kucinich passionately says "No!" YouTube - DENNIS KUCINICH TELLS THE TRUTH...

    Isn't it time for fundamental change in our debt based monetary system, so we can free
    ourselves from the manipulation of the Federal Reserve and the banks?
    Is this the United States Congress or the board of directors of Goldman
    Sachs? Wall Street is a place of bears and bulls. It is not smart to
    force taxpayers to dance with bears or to follow closely behind the
    bulls. ~ Dennis Kucinich


  6. #66
    Space Cowboy aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one's Avatar
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    Re: Bailout rejected! American economy screwed?

    Quote Originally Posted by nuckingfutz View Post
    BUT, I'll bite, where am I wrong?
    sarah palin dude. May the best man win Obama and MCain. But holy shit bro, she is an embarrassment to every American who is smart or has an education. She is very very close to white trash. Really think about it.

    But dude this is politics.
    Too long in Exile, too long not singing my song.
    Too long like a rolling stone, Too long in exile
    Too long in Exile, baby you just arent my friend.
    Too long in Exile my friend, Baby you can never go home again.

  7. #67
    Senior Member russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson has a reputation beyond repute russellsimpson's Avatar
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    Re: Bailout rejected! American economy screwed?

    Futures off a hundred plus with an hour to the bell.

    I'll betcha the market gives it all back today.

    This market is irrational and I think the "bailout" is just academic now, one way or the other.
    If you're being run out of town, get in front of the crowd and make it look like a parade.
    To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

    __________________________________________________ _______

  8. #68
    Senior Member esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1's Avatar
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    Re: Bailout rejected! American economy screwed?

    Quote Originally Posted by russellsimpson View Post
    I think the "bailout" is just academic now
    get with the program Russell it's now called a "rescue"


  9. #69
    Hard Core User nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz's Avatar
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    Re: Bailout rejected! American economy screwed?

    Quote Originally Posted by aging one View Post
    sarah palin dude. May the best man win Obama and MCain. But holy shit bro, she is an embarrassment to every American who is smart or has an education. She is very very close to white trash. Really think about it.

    But dude this is politics.
    Like, dude, what does this have to do with the question at hand, dude? Like, dude, I asked where I was wrong with the illegal immigrant post, dude. Like, dude, can you tell me, dude?

  10. #70
    Space Cowboy aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one has a reputation beyond repute aging one's Avatar
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    Re: Bailout rejected! American economy screwed?

    impediment? ^
    Too long in Exile, too long not singing my song.
    Too long like a rolling stone, Too long in exile
    Too long in Exile, baby you just arent my friend.
    Too long in Exile my friend, Baby you can never go home again.

  11. #71
    Hard Core User nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz has a reputation beyond repute nuckingfutz's Avatar
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    Re: Bailout rejected! American economy screwed?

    ^ Yes, I would guess that you do have one.

  12. #72
    Senior Member esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1's Avatar
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    Re: Bailout rejected! American economy screwed?

    Don't bother emailing them, call them!

    TheHill.com - House limits constituent e-mails to prevent crash

    The Bailout Battle Continues: What's Next? :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

    ------------------

    watch the first video particularly:

    The Market Ticker

    The print version:


    You have heard that its all "American Gambles"

    You have been told repeatedly by George Bush and Henry Paulson that this bill is about a "rescue" of Main Street, not Wall Street.

    You have been lied to repeatedly.

    The bill The Senate intends to try to ramrod down your throat is neither about Main Street or really even about Wall Street.

    You are going to get VERY angry. Sit down before you read further.
    ""Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen." - Brad Sherman , D-California"
    That's right folks. You are going to have $700 billion - about 25% of the total federal budget - put on your personal credit card (via taxes forever) in order to bail out foreign investors.

    Oh, and the best part of it is that the underlying assets involved do not even have to be in the United States!

    Here is the definition of a "troubled asset", right from the bill:
    "(9) TROUBLED ASSETS.—The term ‘‘troubled assets’’ means— (A) residential or commercial mortgagesand any securities, obligations, or other instruments that are based on or related to suchmortgages, that in each case was originated or issued on or before March 14, 2008, the purchase of which the Secretary determines promotes financial market stability;

    and (B) any other financial instrument that theSecretary, after consultation with the Chairmanof the Board of Governors of the Federal Reserve System, determines the purchase of whichis necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress."
    Notice that conspicuously missing from the definition is the requirement that the asset's underlying thing (that is, the property that was mortgaged, etc) lies within the United States. Also note that Treasury must tell Congress if they add "new types" of debt, but that Congress has no right of review or censure.

    That is, it is perfectly legitimate under the bill for a foreign bank to sell or swap any "crap sandwich" it may hold (irrespective of how or where it originated, so long as a mortgage is the basis for it somewhere) with a bank domiciled in the United States, and said bank may then "PUT" it into the TARP.

    Note also that Representative Sherman said on Kudlow last night that when this was raised with Secretary Paulson he was told that if Congress tried to restrict the ability of the Secretary to purchase assets "laundered" in this fashion from foreigners, that the bill would be vetoed.

    Here 'ya go folks.

    You better make this viral and spread it to everyone you know.

    Right here, right now.

    You better get on the phone to your Congressfolk at http://www.house.gov and U.S. Senate and make clear that you will not stand for this bill being passed.

    IF THIS BILL PASSES YOU WILL WIND UP EATING $700 BILLION OR MORE - REMEMBER, THIS IS A REVOLVING CREDIT LINE, NOT A MAXIMUM AMOUNT - OF FOREIGN BAD DEBT FROM THE CHINESE AND ELSEWHERE.

    THAT'S RIGHT - THE PURPOSE OF THIS BILL IS TO SCREW YOU, THE AMERICAN TAXPAYER, BY OFFLOADING ALL OF THE TROUBLED DEBT AROUND THE WORLD ONTO YOUR HEADS!

    ARE YOU GOING TO LET CONGRESS GET AWAY WITH THIS?

    YOU HAVE LESS THAN 48 HOURS TO STOP IT.

    NOW YOU KNOW WHY IT WAS SUCH A "RUSH JOB" - THE AMERICAN PEOPLE WERE BEING CONNED OUTRIGHT BY BOTH PAULSON AND BUSH.

    PERIOD.

    Last edited by esoteric1; 1st October 2008 at 22:47. Reason: Automerged Doublepost


  13. #73
    Senior Member esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1 has a reputation beyond repute esoteric1's Avatar
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    Re: Bailout rejected! American economy screwed?

    Quote Originally Posted by kikiat View Post
    That's a pile o' horse shite
    which one? the first link is an article about US Congress limiting emails from constituents, the second link has phone and fax contact numbers for the US Senate....is it the third link(video) you disagree with?

    Trichet Says U.S. Must Rescue `Global Finance'
    Bloomberg.com: News

    sounds like Mr. Trichet is very anxious that this goes thru...could it be he's got some bad debt he wants to sell to Paulson?

    "the print version"

    Quote Originally Posted by kikiat View Post
    That's a pile o' horse shite
    ok then I see, so why is it a pile 'o shite? I've seen inklings(that it's foreign debt) of this from other sources as well.

    Paulson says foreign banks can use U.S. rescue plan - Yahoo! News

    Exclusive: Foreign banks may get help - Mike Allen - Politico.com

    http://www.nytimes.com/2008/09/22/bu...pagewanted=all

    and as the man said this hasn't been changed and it doesn't specify that the property of the mortgages in question has to be within the United States.
    Last edited by esoteric1; 1st October 2008 at 23:22. Reason: Automerged Doublepost


  14. #74
    doing a behavioral study jonny danger has disabled reputation jonny danger's Avatar
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    Re: Bailout rejected! American economy screwed?

    You da link man eso.
    Home remedies:
    1. AVOID ARGUMENTS WITH THE FEMALES ABOUT LIFTING THE TOILET SEAT BY USING THE SINK.
    2. IF YOU CAN'T FIX IT WITH A HAMMER, YOU'VE GOT AN ELECTRICAL PROBLEM.
    3. FOR HIGH BLOOD PRESSURE SUFFERERS ~ SIMPLY CUT YOURSELF AND BLEED FOR A FEW MINUTES, THUS REDUCING THE PRESSURE ON YOUR VEINS. REMEMBER TO USE A TIMER.


  15. #75
    reinstate john terry LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket has a reputation beyond repute LoveBucket's Avatar
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    Re: Bailout rejected! American economy screwed?

    "Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
    Chapter XII

    Mr Micawber, who has recently been imprisoned for debt, tells David the rule of happiness in life - a rule he himself has failed to follow.

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