Backlash Over Bailouts Grows; Foreign Banks Bailed Out, Too!
Your taxpayer dollars hard at work. Contact your reps to let them know how you feel about it!
Bloomberg Exclusive: Backlash Over Bailouts Grows in Congress, Wall Street
Snip:
Peter Boockvar, an equity strategist at Miller Tabak & Co in New York, agreed. Bailing out Bear Stearns and creating lending facilities for investment banks, he said, ``gave financial companies a false sense of security that they had time to de-lever at their leisure.''
Unless the central bank stops interfering with market discipline, Wall Street's problems will continue, he said. ``The market can get to the right price on its own,'' Boockvar said. ``Anything that prevents it from happening is just prolonging the inevitable.''
Politico Exclusive: Foreign banks may get help, too
Snip:
outputIn a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night.
The theory, according to a participant in the negotiations, is that if the goal is to solve a liquidity crisis, it makes no sense to exclude banks that do a lot of lending in the United States.
Morgan Stanley sells stake to Mitsubishi
Morgan Stanley plans to sell stake to Mitsubishi UFJ
Excerpts:
Here is a link to Representative
http://www.visi.com/juan/...
Just click on your state for reps and numbers. Also has DC fax numbers.
Here' a link to phone numbers for Senators
http://www.senate.gov/gen...
GENERAL STRIKE!
Outraged? CALL FOR A GENERAL STRIKE!
SHUT DOWN AMERICA TILL THE TAXPAYERS ARE PROTECTED!
As many people as possible must contact
their Congressional representatives. To make it even easier, cut and past what I sent my 3 stooges:
I am writing to implore you to do all that you can to prevent the Wall Street banksters from dumping all of their gambling debt on Main Street, USA via some type of Federal government trust. The debt is not ours or our children's or our grandchildren's, it belongs to the thieving banksters, let them pay their own debts! Stand up for your constituents and the US Constitution! Do your job! Work to stop the ruination of the Constitutional Republic known as the United States of America!
Bump
Life, Liberty, Property
Don't beg ("implore"). It's demeaning...
These people are your freakin' employees, fer chrissake! Don't kiss their ass - they should be kissing YOUR ass! If you're going to waste time discussing it at ALL (with them), flat-out ORDER them to stop the BS NOW, or they'll be fired! Period.
http://groups.yahoo.com/g...
COUP in America in the next few days
http://www.dailypaul.com/...
Yes, there is going to be a coup in America,but not thru force,but thru blackmail. the "legislation" being touted as the only solution to "save" America is actually THE BIGGEST TRANSFER OF POWER in peacetime from Congress to unaccountable appointive private hands--the secretary of the treasury, and dig this: HIS ACTIONS CANNOT BE REVIEWED BY ANY COURT!
i have to admit, this is one sleazy but smooth machiavellian plot----glorified by the old manipulated corporate media. whatever happens in america, we are all going to be affected. pls prepare for any eventualities. this changeover is going to get ugly--as a certain portion of the american citizenry isnt going to go along quietly.
already, the people are pressuring their congress/senate to stop this, or take away certain provisions on it--it seems to work because openly,congressmen and senators are having opinions on the matter-which isnt normal. even in mainstream yahoo news---Paulson, sec of treasury "tells congressmen/senators he and his plan does not need help", in other words, it is a takeit or leave it scam---with matching doomsday scenario blackmails to railroad the approval of this legislation.
how things develop in the next few days will determine your future,my dear Americans. Us outside cannot help at the moment. This matter is in your hands and in your hands lies your childrens future.
here is a the article who put it cleanly. it was also in another thread:
http://www.huffingtonpost...
full text is below
One of my senators, Bob Corker
is on the Senate Banking Committee.
On his website, the byline states, "Promoting Fiscal Responsibility".
I just wrote him an email asking him to put his actions where his mouth is, and stop the bailouts.
I also sent a message to Lamar Alexander.
Both of my senators have issued short statements in support of the bailout, so I let them have it pretty hard, and told them that my voting was on the line regarding what they did on this matter.
I hope that this storm of anger has some effect, but I'm not counting on it.
Did it it earlier today.
Rep. Steve King, fifth district, Iowa, as well as both Senators. Earlier today (Sunday, September 21) I used a site linked from my personal site (www.rallycongress.com/letter2congress/698). I chose to have the messages both e-mailed and hand delivered to their offices in DC.
--Cliff Treeadway, Sioux City, Iowa
I've contacted
my Rep.,and time is short on this Bush wants to run this through like the Patriot act.
There's a big backlash growing
it's up to all responsible citizens to call their congressman.women & senators on Monday morning & stop the robbery.
What difference will it make...
Every senator and congress person I have seen on TV except R.Paul supports the bailout and more government regulations over the market.
I know. It's pretty disheartening.
We can only hang in there. ...do our best for future generations.
--Cliff Treadway, Sioux City, Iowa
zrih1
everytime I have called my congressman, it has been effective.
Do you make the full effort or you're just a defeatist?
& no I don't believe every congresman is going to support a full bailout without resonable terms.
I'll call tomorrow...
if you think it will help.
cool!
.
Betcha it won't be effective this time....
...unless the effect your were trying to achieve was his vote FOR the bailout.
http://groups.yahoo.com/g...
Bailing out foreign banks
Bailing out foreign banks with US taxpayer money!!??!?!?!? WTF! This is outrageous!
Other people need to know.
Digg it at http://digg.com/business_...
up to 963 in 3 hrs! WOW!
up to 963 in 3 hrs! WOW! Hope people take time to browse the comments.
no guns no guts no liberty......
I hate to say it but these jokers are right; what is good for the goose, ETC.....Foreign investers have to be taken care of, IF they were not taking huge risks.... The WORLDS view of us is important. HOW important, ???
THE derivitive takers need to take their punisment....THAT is their business.
says
damn right theres a backlash
This administration needs to haul tail back to whatever socialist country they came from. This is utterly ridiculous. First we bail out people who dont work and the system becomes swamped with abuse. Now were bailing out corporations that screwed up and got too greedy?
State owned businesses? What is this? Russia? China?
How obvious does it need to get that they are fully intent on crushing the middle class and the dollar?
Ive had enough.
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants
So these bailouts aren't from the good of their hearts?
The people in control aren't doing what is best for us? Why would they want to make us suffer? Maybe they really believe what they are doing is what is best for us.
393! keep
393! keep DIGGIN!
http://digg.com/business_...
Have you read this story in the N.Y. Post?
http://www.nypost.com/sev...
Interesting.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
MICHAEL....please get this DIGG
UP TOP on the Politico article. It went popular 6 min. ago. Let's keep it going!
http://digg.com/business_...
We can still stop this bailout
Call your congressmen and tell them to let the companies fail, not to take the bailout.
QUESTION: What happens if your mortgage company fails?
ANSWER: The little guy no longer has to pay a mortgage. No one left to enforce the Security Deed. There's nationwide 'mortgage relief' right there.
There's the free market 'redistributing wealth' right there from the people that ARE doing what they are supposed to AWAY from those that aren't. Since there are two parties in a mortgage, mortgages can fail two ways. People are only used to seeing it fail one way. Let the creditor fail the other way for a change.
QUESTION: What happens if a big bank fails?
ANSWER: Little banks have a golden opportunity to pick up the pieces.
Life, Liberty, Property
sounds good to me..
Maybe I shouldn't pay my car off...I'll just wait for the collapse;~)
-Clueless
Cars are a little different...
Because the Car Company still holds title until after they are paid off. In Real Estate, the Warranty deed goes on file first.
I'm still paying bills like I am supposed to. But seriously, if a mortgage company collapses, and they can't pawn the mortgage off on someone else, then there's no one left to pay. Who's going to go after you? The seller was paid off at time of sale. If you filed a motion to terminate security deed in the court, who's lawyer would show up to fight it?
Same goes for credit cards. "Your bank has just closed."
Guy with $5000 cash in bank: Oh no, now I need to call FDIC and hope I get it back.
Guy with $5000 credit card on bank: Oh no, um, who do I pay this unsecured debt to now?
Every penny that these executives gave themselves
in their bonus, needs to be collected. I heard that Wall Street got $30 Billion in last years bonus & that should be given back if a failed company is trying to take taxpayers money.
This amounts to an economic coup d'etat. Whatever
alleged short-term euphoria might be possible, even by the most charitable analysis, will be all-too-soon offset by the devastation of the remaining value of our money. One article, published yesterday in the N.Y. Times, described the stunned reactions of various politicians, excepting Dr. Paul of course, to the disclosures from Hank Paulson, Benochio Bernanke and Chris Cox. They were being told that the total meltdown of the financial system was only a few days away. Depending upon how long this proposed monstrosity can be delayed, it may be that any forthcoming "help" may also be delayed long enough in order to limit (to some degree, large or small) the alleged objectives of the legislation.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
Why can't Americans listen to Dr. Paul?
Because he says we will have to suffer for a year. That is why. They don't believe him when he says we have to suffer for either one year now by cutting back on spending, OR we will suffer for the next ten years by continuing to do what we are doing. One thing I have noticed, is that liars always believe lies. Most Americans have been lying to themselves for so long, they get scared when they hear the truth.
Americans Don't Care Because They're In Debt
Most American's don't have any savings. They live pay check to pay check over spending on their credit cards. The savings rate is negative. Typical America considers their home equity to be their savings account. They only freak out when they can't tap their equity or reach their credit card limit.
They simply don't care. The typical life cycle these days is -High School--> College--> Bankruptcy---> Marriage---> Bankruptcy---> Kids---> Repeat.
The only people that care are the people that have actually saved their own money.
Fear of the Unknown
Most people can't be alone for 10 minutes. They constantly need distraction. You want Americans to take the "Unknown Pill" forget it. Americans are cowards. They want comfort at all cost. They will sell their first born not to be uncomfortable.
The only way out is through. We as a country must stop and take the consequence for having an open spending policy. Believe me it will hurt but you will grow. It is time to mature as a person as a Nation.
We live in the most free place on the planet. The government is running scared. We must help this government to stop it's destructive spending.
They do not trust their citizens. They must start. I don't know how we can penetrate their mind set. I hope someone with billions of dollars could start some campaign that could and would educate and permeate their mind.
ATTENTION: This is to any govervnment person reading this. We are not the enemy. We are on your side. We love America. You are living in a false fear of US. Open your mind and have a dialogue with any Ron Paul supporter. You will see that they are very respectful, they just don't agree with all the governments policy.
LIVE BY FREE MARKETS !!!
Would the free markets mostly help...
the poor and oppressed? Would they be better off if our markets were kept free? I'm for helping the poor guy, (like me).
Please add this DIGG to the
Please add this DIGG to the Politico article?
http://digg.com/business_...
If you have not done so,
If you have not done so, here's handy link for finding your representative's contact info.
http://www.visi.com/juan/...
Keep this bumped! Hope we can shut down DC switchboard!
am calling Monday
This is ridiculous. I will urge my congress-critters to reject the bailout bill.
http://www.senate.gov/gen...