Comments on: The "Mother of All Bailouts"

As Paulson Defends $700B Plan To Buy Bad Debt, Congress Sees No End In Sight

[brianbwb-2009]

Posted by tapsettle

Another couple of spanners for you this time, if anything the Chinese are extremely money savvy, exponentially more so than you give them credit for. The US debt is being dumped as fast as they can get rid of it, the US dollar value is dropping, thus the value of their holdings, they are quietly selling it off cheap to whomever will buy it.

Second, it is one thing to have paper that says you own land in another country, quite another to force the people living there off of it. Do you think the police or military would turn on the American people for the sake of another country?

How could the Chinese, or anyone for that matter "own" you any more than they already do?

[brianbwb-2009]

question for obama:

1. WHERE WERE YOU BORN?
Posted by fenner

Doesn''t matter, he has the papers to say he qualifies to run for president, the rest is irrelevant.

2. WERE YOU EVER ADOPTED BY YOU STEP-DAD IN INDONESIA? Posted by fenner

Indonesians don''t adopt, ignoramus.

3. WERE YOU EVER AN INDONESIAN CITIZEN? Posted by fenner

Not possible dingbat, Indonesia does not recognize dual citizenship.

4. WAS YOUR NAME EVER BARRY SOETORO? Posted by fenner

The name "Soetoro" doesn''t exist in Indonesian, first the "oe" spelling is old Dutch, and hasn''t been used since 1947. Not only that, but "Sutoro" (how it would be spelled if it existed, which it doesn''t) is a mix of ethnic spellings and associations that does not occur there.

5. WAS YOUR NAME EVER BARRY DURHAM?
Posted by fenner

What does that matter to anyone? was your name ever Hermione Gingold?

6. DID YOU EVER CHANGE YOUR NAME BACK TO BARRY HUSSEIN OBAMA? Posted by fenner

Why would he have to, if it was so from the beginning?

7. WERE YOU REAL NAME ever BARACK HUSSEIN OBAMA OR DID YOU SIMPLY TAKE THE NAME FOR YOUR DAD''''S SAKE?
Posted by fenner

Maybe this is too deep for you, but most people have the same family name as their father, if their parents were married.

"Fess up son, you are simply afraid of a "Black" president, and like the rest of your ilk, too much of a coward to admit it.

[tapsettle]

The endgame is approaching and america is collapsing financially, overstretched militarily, discredited globally. If you voted Bush-Cheney (esp twice), congratulations on being one of the dumb-arses that helped to bring all that about.

[ptsdveteran]

screw McSame!!!! www.vietnamveteransagainstjohnmccain.com

[tapsettle]

Here is the problem once Uncle Sam owns all the banks he then also owns all of us physically,and financially.I think it is a very bad idea for the government to own all the major financial institutions.
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Posted by swwils

Slight spanner in your works there - Uncle Sam will OWN their debt, but Uncle Sam is so endebted to China that effectively Uncle Sam will just be the middle man. For all intents and purposes, China will own the mess, and you.

[brianbwb-2009]

"Here is the problem once Uncle Sam owns all the banks he then also owns all of us physically,and financially.I think it is a very bad idea for the government to own all the major financial institutions."
Posted by swwils

You are missing one important point. First, let Uncle Sam gain control of the banks and other important infrastructure components, then remind with our votes that we ARE Uncle Sam.

Crooked CEOs? We can then fire them. Profit gouging? we can fire them. Shoddy products, we can fire them. Shyster accounting? Jail time.

If we control the profit margins, we can control inflation.

[twistedsister1959]

"Trickle down economics" where even the most uneducated and the poorest of Americans will reap the benefits. It took 20 yrs but it finally worked.

[swwils]

Here is the problem once Uncle Sam owns all the banks he then also owns all of us physically,and financially.I think it is a very bad idea for the government to own all the major financial institutions.

[nler1]

70B x 10 years = 700B

[missingamerica]

So, lots of bad mortgages are going to be bought by the Feds, and then resold to - whoever.

Guess I better learn to speak Chinese and/or Arabic sooner than I had anticipated.

That is the logical thing to do, seeing as when it comes to buying things the SUPERB trade, tax, fiscal, and energy policy of the Republicans has ensured that China and the OPEC countries are the ones with the money.

Guess I''ll go cruising tomorrow, and try to figure out which ones would appeal to which culture...they''re easy to pick out - they''ve got that lovely sheet of paper from the sheriff tacked to the door.

Come to think of it, I better look at Spanish, too - old Chavez down in Venezuala may buy my county up.

Way to go, Republicans!!! You WAY know how to sell a country out!!!

[nler1]

let the banks themselves pay 70B in 10 years

[woodjd42]

fenner

You are an idiot. If you are going to spew BS at least attempt to get your facts somewhat correct. Idiots like you are the ones that got us into the mess we are now in.

[sfigueiredo-2009]

Mr. Paulsen please do not tell us that the financial institutions cannot sell the houses they own because "the market is frozen"; I have tried to buy a few houses (foreclosure) and the banks would refuse the offers or better yet not even consider them. The realtor told me his experience with the banks regarding this subject and I believe what happened was that the banks'' employees just did not do any effort to help their employers for fear of getting rid off inventory and then not have a job anymore. Inventory meant job security for them BUT look how it ended up now.

[samthetvcat]

I get the sense Congress thinks people are buying their salesmanship of their actions as being ''for the people'' because they''re actions are in contrast to the GOP who are so obviously not for the people.

Don''t we all see that they''re doing this because a lot of them are up for re-election and they don''t want to usher in a recession that''s going to be a good deed liable to not go unpunished?

Like politically they''re gambling that it''s much smarter to pad the bill with stuff like ''rebate checks'' (of our own money!) than it is to bargain down the $700 billion to the bare bones because a $100bil stimulus package is much less than a $700bil bailout for Wall-St. crooks, right?

I mean like the GOP are just dispicable with all their talk about ''laissez-faire ideological purity'' (for real?!?) and their trillion dollar bailouts for the corrupt/incompetent/greedy as if it''s OTHER people but wow the Dems sure aren''t doing much to buck party stereotypes themselves now are they?

These politicians are just terrible . . . so selfish and irresponsible imo :(

[book54552134]

Congress needs to take some time & listen to what the people want in regard to this massive Corporate Welfare to the international banking industry.

After being forced to pay for an expensive & unnecessary war in Iraq, millions of people are extremely angry that they will be called upon to pay for the government corruption which initiated the call for this massive bailout for corporate bankers.

This issue of Corporate Welfare has the potential of stirring up a nasty hornet''s nest as a hundred million American taxpayers become incensed over this corrupt government''s edict to force them to pay for this banking & insurance corruption.

People don''t want this debt foisted upon them. For once, Congress should do what''s right & listen to what the people want in this regard.

[tapsettle]

You know what? america is dumb; official. Bush bails out his friends and party contributors at the massive expense of the taxpayers who elected him. And still many will vote republican, some with plenty of time as they will have no jobs, and others from abroad, if they survive fighting wars for his wealth in the middle-east. The same dumb people who vote for that will be suffering financially long after a very comfortably rich Bush has left office.

[bjudy1]

Everyone seems in consensus there is a crisis, but I still have my line of credit. Maybe it''s just a wee bit exaggerated to push it through before folks have time to know the details. It sounds kind of like the Patriot Act.

[a0882]

The investment and financial sectors within the overall US economy needs this investment money however they are already steep in foreign imports at a huge disadvantage, and this cash bail out puts the US government at a disadvantage in debt positions to foreign countries. The foreign countries currently control the financial markets so the US needed to break this cycle and stop exploitation of US economy. The only way to save those industries is to leave them alone. This cash bail out is going to create short term employment at the expense of the nation. (Eastern US 22, Sep * 3:09am) by Phyllis Speidell American Magazine

[pirmin3]

GOP bails out their rich supporters (including foreign banks doing business in the US) and continue to boo foo the tax payers. The voters appear to love this stuff. A nation of chickens ruled by the foxes.

[a0882]

The investment and financial sectors within the overall US economy needs this investment money however they are already steep in foreign imports at a huge disadvantage, and this cash bail out puts the US government at a disadvantage in debt positions to foreign countries. The foreign countries currently control the financial markets so the US needed to break this cycle and stop exploitation of US economy. The only way to save those industries is to leave them alone. This cash bail out is going to create short term employment at the expense of the nation. (Pacific US 21, Sep * 10:09pm)