Comments on: Treasury Head Unveils Revised Bailout Plan

Paulson Says Troubled Assets Will Not Be Purchased; Renewed Focus On Consumer Credit

[Reality_Chk]

Individual posting under screen name "lochlan" re posted the below from Bloomberg news:


"By Mark Pittman, Bob Ivry and Alison Fitzgerald

Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn''''t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return."

**********************************************

The above post is accurate.

While everyone posts on this blog and calls Bush, Obama and each other names....

Paulson and other former executives from wall street are committing the US Taxpayer to borrowing 3 to 4 Trillion more dollars this year.

The 700 Billion bay out package included a huge increase in the debt limit - which is all the Paulson crew needed to borrow and give away Trillions more.

How much longer until the US Government''s ability to borrow money from foreign countries at low rates end???

That is when the real pain starts - and it is coming sooner rather than later if the current borrowing rate for bail outs continues.

[lovegetpeace]

When are WE THE PEOPLE going to accept the FULL Responsibility for bankrupting the U.S. Auto Industry?

WE THE PEOPLE purchased SUVs like crazy for many years. Now, we blame the Auto Industry for not having small cars. Hello, are there any WE THE PEOPLE awake yet? Hypocrites and Idiots.

[liberalme]

I love how Obama promised the world yet he cannot even lead from the front. Pathetic



Posted by ActionNow1 at 03:29 PM : Nov 12, 2008

If you''re rowdy---you''ve had more names than anyone I''ve ever known---

Now---Obama CANNOT LEAD UNTIL HE IS ACTUALLY PRESIDENT---get it???

BUSH still has a couple of months to add further rot to the Constitution.

[lochlan-2009]

By Mark Pittman, Bob Ivry and Alison Fitzgerald

Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn''t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.

[whatithink10]

Obama_Dkhed,

We REAL Americans believe what was written in the Constitution...that is, WE ARE THE GOVERNMENT!

You PSEUDO Americans believe the government is here to be destroyed.

The government was never the problem.

You are.

[neonink]

These dorks are making it worse.

[actionnow1]

In Fiscal Year 2008 it is projected, that the U. S. Government will spend $412 Billion of your money on interest payments to the holders of the National Debt. Compare that to NASA at $15 Billion, Education at $61 Billion, and Department of Transportation at $56 Billion, or social welfare at $12 Billion."
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Posted by whatithink10

So the questions remain in how Obama will fix this problem?
He talked a great game, now he must play one.

[whatithink10]

Posted by Obama_Dkhed at 03:26 PM : Nov 12, 2008

Listen, I''m one person who thought Bush''s pretend tax cuts were a bad idea and created a huge mess for our future. I have no problem paying taxes. You think what is important to you and assume it is important to us. You think about ME ME ME like most GOP supporters. You can''t understand because your mind can''t allow you to think outside your small box.

[ddaryl1]

They want our pensions......

http://www.heraldnet.com/art
icle/20081112/BIZ/711129884 ........ they want everything

[whatithink10]

"In Fiscal Year 2008 it is projected, that the U. S. Government will spend $412 Billion of your money on interest payments to the holders of the National Debt. Compare that to NASA at $15 Billion, Education at $61 Billion, and Department of Transportation at $56 Billion, or social welfare at $12 Billion."

All I see from all you NObama worshippers is smoke''''n mirrors.....

My question is so simply even a first grader should be able to answer it. Why is it then none of you neo-Marxist seem able to step up and tell us at what amount of "Free Government Cheese" did your messiah have to reach with all his promises to get y''''all to sell out your nation the way y''''all did last week??

Posted by Obama_Dkhed at 03:26 PM : Nov 12, 2008
*********************

We didn''t sell out our nation, dude.
We rejected YOURS!! Y''all..

[vincan-2009]

President Elect Obama has a 70% approval rate in the current polling.

[ddaryl1]

They want our pensions

http://www.heraldnet.com/article/20081112/BIZ/711129884

they want everything

[ddaryl1]

They want our pensions

http://www.heraldnet.com/article/20081112/BIZ/711129884

they want everything

[liberalme]

They want our pensions

http://www.heraldnet.com/art
icle/20081112/BIZ/711129884

they want everything


Posted by ddaryl1 at

If there were 100 middle class people in the country still working--the present government would still make those people "bail out" the wealthy--Don''t know about you but Welfare and helping support the rich are starting to get on my nerves!

[liberalme]

Go to 9/11 truth if you want to dig into some real good conspiracy stuff




Posted by netbs9 at 03:

You''re absolutely RIGHT!!!! Scary what a few people can do huh?

[ddaryl1]

They want our pensions

http://www.heraldnet.com/article/20081112/BIZ/711129884

they want everything

[liberalme]

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn''''t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.


I wonder how much of that $700 billion is left---as long as WE are footing the bill--shouldn''t we be "privy" to that information-?

[actionnow1]

What else was left to sell after Bush pretended to cut taxes by selling us to the Chinese and Russians? What is left? We pay more in INTEREST PAYMENTS ALONE EACH YEAR than we do for actual services that might help Americans. If that makes you feel better.
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Posted by whatithink10

Do you have any proof or do you just want to vent?

[whatithink10]

$600B a year in INTEREST ONLY PAYMENTS on the debt we owe to foreign governments.

$600B a year in INTEREST ONLY PAYMENTS on the debt we owe to foreign governments.

$600B a year in INTEREST ONLY PAYMENTS on the debt we owe to foreign governments.