A politically incorrect pamphlet hitting on all the unspeakable stuff: Politics. Economics. Fiscal Policy. Foreign Policy. Moral Issues. Culture. Investments. Religion. Humor. Life.
This circle jerk of bailing and stimulating is going to continue for some time, and accomplish nothing. The government had overspent on economic stimulus by 2005. At some point nature needs to take its course. Let the house of cards fall and then clean up the mess.
"k.w. - Southern Ca. said... This bail-out is nothing more then a feable attempt to prevent the inevitable - goodbye US dollar., goodbye life as we once knew it to be.
Goodbye Democracy."
Where Bushco-Cheneyburton have brought us cannot be summed up any better by anyone IMHO.
All 5 of the Banks that I banked with have gone under or merged with another with a FDIC assisted merger.
During the Great Depression the margin calls of the Stock Market Crash depleted the banks and than bank runs finished them off . Back in those days there wasn't any FDIC Insurance .
Why didn't the government collect more money for FDIC insurance from the Banks during those boom years ? Why did the government allow Corporations to underfund the retirmente insurance accounts . The Corporations had their way with lack of regulation as well as underfunding insurance accounts .
Look at the Wall Street Casino betting with Credit Default Swaps . There ought to be a law against the leverage of insurance risk that took place .
It was all set in place who the losers would be when the de-leveraging began . The government should of just shored up FDIC and insured accounts that are backed by the government. Everything else should of just crashed and burned .
Really, the government has exceeded its authority in shoring up investment accounts as if they were Government insured . If it was necessary for the government to take over banks and actually operate them ,as in the concept of a utility ,than so be it until they be bought by private capital .
you know, they should be honest and just say they (we) are guaranteeing citi completely. because we are. do you think that if the 300+ billion isn't sufficient that they will let citi then fail after burning through 300 billion.
Were all F**Ked now! Anyone can be next, I have lost faith in the banking systems. The only thing keeping these financial systems in the U.S. alive it the Government backings, but as the dollar goes so will the trust and faith in our Government.
How fast this unravels is not known but I can assure you with the total number of arm resets coming our way, its not to far away!
I just talked to this guy in the student union who bought into Citi last Thursday and made a ton of money on this bailout deal. ***BARF*** He still thinks there's lots of great stock market moneymakers out there, and enjoys watching CNBC! Dudes like him are who this bailout is benefiting, at the cost of all the rest of us.
This bailout is totally misguided. Funny money left and right. We are screwed! Those shareholders should have been wiped out, not rewarded.
I wish houses were cheap so I could at least grow veggies in my backyard when most of us end up unemployed and unable to afford anything.
I am physically ill watching people who do $h*^ make "money" by gaming this revolting pus-filled system. It's depraved.
$20 Billion here, $700 Trillion there, $350 gazillion over there, whatever. The average cheezdoodle Wallymart American has lost track of all these bailout figures and has become numb to it all. They will all just be in turkey and football comas this weekend. What a great smokescreen for the big money-grab by the crooks.
You tweakers worry too much. Take Social Security and MediCare away from the next generation, and we are almost back to even. No Harm, No Foul. The sheeple will adjust, they always do. Now go back to grazing, uhm, I mean work.
That's alot of cash to bail-out the richest people on earth and some others have the idea that it's socialism or communism?
I'm no political genius, but it looks like fascism to me. I'm just so floored that we have a congress that actually lets this happen.
Everyone is saying it, this isn't the USA anymore, I thought we were a nation of rules and laws, it's looking like anarchy could become the new paradigm.
You don't like the guyon the student union making a ton of money? If he's a fool for bragging about it, why don't you just rob him? That's basically what he's doing.
The whole system is run on corruption and greed. Playing by the rules is akin to sleeping on the highway - you're going to get run over.
Rob the guy! Take "your" money back! It's basically what he's doing.
God love us when nobody plays by the rules. But that's what's going to happen: the biggest bailout followed by the biggest rise in crime in the US in 80 years.
This bail-out is nothing more then a feable attempt to prevent the inevitable - goodbye US dollar., goodbye life as we once knew it to be.
ReplyDeleteGoodbye Democracy.
Another weekend, another bank bailout of the same bank we already bailed out twice before.
ReplyDeleteAll banks to be nationalized.
ReplyDeletehttp://www.cnbc.com/id/27835645
This circle jerk of bailing and stimulating is going to continue for some time, and accomplish nothing.
ReplyDeleteThe government had overspent on economic stimulus by 2005. At some point nature needs to take its course. Let the house of cards fall and then clean up the mess.
C is up 60% in pre-market. I'm kicking myself for not buying some on Friday.
ReplyDeleteKeith, get used to this dude. Every bank will be nationalized next year. Your dream is here. We have become communist.
Happy now?
If you're going to throw $20B at Citi then why not $25B spread across the big 3, the big 3 being companies who actually make something?
ReplyDeleteFine, the things the automakers produce are not the most desirable in their industry but they are not completely worthless.
Citi, on the other hand, has been producing things that are less than worthless, financial products intended to make money that actually lose money.
Disclosure: long GM until Dec. 8 congressional session (gambling on a bailout)
"k.w. - Southern Ca. said...
ReplyDeleteThis bail-out is nothing more then a feable attempt to prevent the inevitable - goodbye US dollar., goodbye life as we once knew it to be.
Goodbye Democracy."
Where Bushco-Cheneyburton have brought us cannot be summed up any better by anyone IMHO.
-Poetry. Thanks.
America: Turd World Nation of Nothing.
HELLO AGAIN TOOLS!!!!
ReplyDeleteI AGREE WITH PAUL E MATH ON HIS COMMENT REGARDING CITI!!!!
I ALSO THOUGHT ABOUT GM & F PENDING A BAILOUT!!!! HOWEVER I WILL SIT OUT AND NOT BUY!!!!
I THINK THE BAILOUT OF CITI WAS MOTIVATED BY THE SAUDI THAT OWNS 5%!!!!
"THIS GIG SUCKS!!!!"
"UP YOURS SPRINGFIELD!!!!"
TOOLS!!!!
DOLTS!!!!
DOPES!!!!
The Coming Great Depression
ReplyDeleteGREAT explaination in very simple terms about how we got where we are: http://www.oftwominds.com/blog.html
All 5 of the Banks that I banked with have gone under or merged with another with a FDIC assisted merger.
ReplyDeleteDuring the Great Depression the margin calls of the Stock Market Crash depleted the banks and than
bank runs finished them off . Back in those days there wasn't any
FDIC Insurance .
Why didn't the government collect more money for FDIC insurance from the Banks during those boom years ?
Why did the government allow Corporations to underfund the retirmente insurance accounts . The Corporations had their way with lack of regulation as well as underfunding insurance accounts .
Look at the Wall Street Casino betting with Credit Default Swaps .
There ought to be a law against
the leverage of insurance risk that took place .
It was all set in place who the losers would be when the de-leveraging began . The government should of just shored up FDIC and insured accounts that are backed by the government. Everything else should of just crashed and burned .
Really, the government has exceeded its authority in shoring up investment accounts as if they were Government insured .
If it was necessary for the government to take over banks and actually operate them ,as in the concept of a utility ,than so be it until they be bought by private capital .
does anyone feel like not paying taxes?
ReplyDeleteyou know, they should be honest and just say they (we) are guaranteeing citi completely. because we are. do you think that if the 300+ billion isn't sufficient that they will let citi then fail after burning through 300 billion.
ReplyDeletei wish i was too big to fail.
Were all F**Ked now! Anyone can be next, I have lost faith in the banking systems. The only thing keeping these financial systems in the U.S. alive it the Government backings, but as the dollar goes so will the trust and faith in our Government.
ReplyDeleteHow fast this unravels is not known but I can assure you with the total number of arm resets coming our way, its not to far away!
WE THE PEOPLE
ReplyDeleteJUST STOLE THE FUTURE.
TO PRETEND THE PRESENT IS OK.
GOD DAMN IT!!! Say It
WE CREATED MORE DEBT TO PASS ON.
WE ARE BROKE.
OBAMA " I will Create a massive amount of debt."
DOW up 500 Pts
WE MUST BE INSANE....
I just talked to this guy in the student union who bought into Citi last Thursday and made a ton of money on this bailout deal. ***BARF*** He still thinks there's lots of great stock market moneymakers out there, and enjoys watching CNBC! Dudes like him are who this bailout is benefiting, at the cost of all the rest of us.
ReplyDeleteThis bailout is totally misguided. Funny money left and right. We are screwed! Those shareholders should have been wiped out, not rewarded.
I wish houses were cheap so I could at least grow veggies in my backyard when most of us end up unemployed and unable to afford anything.
I am physically ill watching people who do $h*^ make "money" by gaming this revolting pus-filled system. It's depraved.
Rose
$20 Billion here, $700 Trillion there, $350 gazillion over there, whatever. The average cheezdoodle Wallymart American has lost track of all these bailout figures and has become numb to it all. They will all just be in turkey and football comas this weekend. What a great smokescreen for the big money-grab by the crooks.
ReplyDeleteYou tweakers worry too much.
ReplyDeleteTake Social Security and MediCare away from the next generation, and we are almost back to even.
No Harm, No Foul.
The sheeple will adjust, they always do. Now go back to grazing, uhm, I mean work.
And again on a Sunday. What's with that?
ReplyDeleteThat's alot of cash to bail-out the richest people on earth and some others have the idea that it's socialism or communism?
ReplyDeleteI'm no political genius, but it looks like fascism to me. I'm just so floored that we have a congress that actually lets this happen.
Everyone is saying it, this isn't the USA anymore, I thought we were a nation of rules and laws, it's looking like anarchy could become the new paradigm.
Never bet against the house.
ReplyDeleteYou don't like the guyon the student union making a ton of money? If he's a fool for bragging about it, why don't you just rob him? That's basically what he's doing.
The whole system is run on corruption and greed. Playing by the rules is akin to sleeping on the highway - you're going to get run over.
Rob the guy! Take "your" money back! It's basically what he's doing.
God love us when nobody plays by the rules. But that's what's going to happen: the biggest bailout followed by the biggest rise in crime in the US in 80 years.
Viva Las Vegas!