Comments on: Mortgage Takeover Boosts Wall Street
Investors Bet On Broad Economic Recovery Following Government Bailout Of Fannie Mae, Freddie Mac
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- "On July 23, 2007, the BBC Radio 4 series Document reported on the alleged Business Plot and the archives from the McCormack-Dickstein Committee hearings. The program mentioned Prescott Bush''s directorship of the Hamburg-America Line, a company that the committee investigated for Nazi propaganda activities, and the alleged 1933 attempt, supposedly led by Gerald MacGuire, to stage a military coup against President Franklin D. Roosevelt aimed at forcing Roosevelt to resign (or, failing that, to assassinate him) and at installing a fascist dictatorship in the United States." -Wikipedia
That''s the Bush Family. Tied to banks, nazis, and war. The family was part in a oup attempt against our country!!!! And people are wondering why the country is in the state we''re in.
Gramm, Rubin; players in a game against us, the cattle. - Reply to this comment
- He couldn''''t do any worse than Barney Frank and Chucky Schumer.....the two loser dems responsible for the current failure.
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Posted by bigwhtpony at 02:58 PM : Sep 08, 2008--
while I agree with you that Barney and Schumer didn''t respond to this crisis the right way, you have to agree that they did it out of the instinct of saving the system.
However it''s impossible to "save the system" because it''s gone, thanks in large part to the phylosophy of "deregulation" and "defecits don''t matter".
When we so stupidly decided to go to war in Iraq, we ask the illegal Federal Reserve to print up trillions in "off-the-books" defecit spending in the 100 year conflict of failure.
Without the War in Iraq and the "tax cuts for the rich" the government might have been in a better position to do what Schumer and Barney want to do. But it''s too late, and besides there is no new "credit bubble" to replace the "housing bubble" to fund this economy.
the only option is WWIII or go to larouchepac.com and do what he proposes there which is a replacement of the entire financial system. - Reply to this comment
- I''''m confused. Seriously. Fannie and Freddie''''s shareholders will lose **EVERYTHING**. Why are the markets rallying?
The message from the U.S. government is clear--"We will protect bond holders. We will protect mortgage holders. We will screw shareholders."
Posted by anon00 at 02:09 PM : Sep 08, 2008
The reason for the ralley is because this will give strengt to the Financial Markets plus possibly lowering interest rates and a bunch of other positives. Thank you Alan Greenspan for making those clowns in the administration listen to you. We must be in real trouble thanks to the Republicans and their let business do what ever they want way.
Once again though we the tax payers have to bail out big business. Why America do you listen to them? - Reply to this comment
- bigwhtpony
If you read the link i posted you''d see that it was Phil Gram and friends.
Guess you can''t read....??
Since when were Republican "pro-regulation"? eh?
Please tool..... - Reply to this comment
- Sen. Phil Gramm. Eight years ago, as part of a decades-long anti-regulatory crusade, Gramm pulled a sly legislative maneuver that greased the way to the multibillion-dollar subprime meltdown.
Yet has Gramm been banished from the corridors of power? Reviled as the villain who bankrupted Middle America?
Hardly. Now a well-paid executive at a Swiss bank, GRAMM COCHAIRS SEN.JOHN MCCAIN''S PRESIDENTIAL CAMPAIGN AND ADVISES THE REPUBLCIAN CANDIDATE ON ECONOMIC MATTERS. He''s been mentioned as a possible TREASURY SECRETARY should McCain win.
That''s right: A guy who helped screw up the global financial system could end up in charge of US economic policy.
http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html?ref=patrick.net - Reply to this comment
- "Wall Street Buoyed By Mortgage Takeover"
You think. Investors around the world were just promised by our government that the United States tax payer will be paying for their profits.
This government is a SCAM!!!!!!! - Reply to this comment
- America, Socialism for the wealthy, Capitalism for the Masses.
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- What''s good for Wall Street isn''t always good for the average American. Looks like the high rollers continue to roll on, while working folks continue to pay.
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- Nothing those Right Wing "small government" people like better than a fat taxpayer bailout for their buddies.
Welfare is OK if it flows from the poor to the rich.
Let them eat cake! - Reply to this comment
- The government had NO business running these businesses on a for profit basis (provatization). This was banks for We the People that were set up for the common good. Not another scheme for greedy CEO''s. Next they will try to privatize the military so they can screw them up. Or public schools so corporations can screw them up. Oh ***, too late.
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Nothing like a good, taxpayer bailout of incompetently managed companies to make investors happy. They know that, with such irresponsible government actions, they CAN NOT LOSE!
Giving the shaft to taxpayers (i.e. the middle class - not them) always brings joy to Wall Street.
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- Thank goodness the rich have been saved! All the foreign investors who bought up the worthless, "sub-par, below-ground-sub-standard" mortgages, are now off the hook. The hook has been transferred to the anal sphincters of every tax-paying American. Whew! For a minute there it looked like David Rockefeller''s banks were going to get their clocks cleaned. But not now! Way to rescue yourself, David. Thanks for sticking it to ALL OF US AGAIN! And thank you, AMERICAN GOVERNMENT! THANKS FOR ANOTHER S&L BAILOUT! THANKS FOR TAKING BRIBE-MONEY FROM THE CRIMINAL CEO''S WHO RAN FANNIE AND FREDDIE INTO THE GROUND! THANKS FOR LETTING THEM SKATE OFF WITH MILLIONS. WHEN THE REVOLUTION COMES YOU BETTER BE ON YOUR JETS TO EUROPE! BETTER GET YOUR ASSESS OUT OF DODGE!
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- This corporate fascist bailout is another nail in the Government of Pigs privatization fiasco. Time to annul all of the "free trade" agreements. At least with Obama as President we might have some chance of getting fair trade for the American workers.
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- So if the mogage industry gets bailed out by NON existing money....
....can the home owners use that newly printed money to stay in their houses?
hmmm.... - Reply to this comment
- We are all communists now. Any ideas when we get to move into these govmint owned homes comrades?
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- Another government bailout becasue the GOP fought tooth and nail to keep Congress from regulating the mogage industry.
What do we Americans get?
Another bailout.
What do our kids get?
Higher taxes for the next couple of decades.
Thanks Republicans, you prefered a government that governs the least and by those standards thats exactly what you gave America.
Thanks Phil Gram!!
It''s time to print some more money!! - Reply to this comment
- What the federal government needs to do now is to take over the auto industry with a government-managed conservatorship. Giving GM and Ford government loans is like giving an alcoholic a case of whiskey.
GM and Ford are the worst managed companies in the world. Make the conservatorship last for 10 years and then sell the entities on the open market.
That is the only way to guarantee they will make fuel efficient cars that are affordable. - Reply to this comment
- Definition of the Free Market Enterprise = Profit for Capitalism and Loses for Socialism.
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- Posted by noloyalisti at 11:16 AM : Sep 08, 2008
"o here we are again, the taxpayers bailing out banks for their incompetence. Welcome to America where it is socialism for the rich and capitalism for the poor. Oh, and don''''t forget to wave your flag and be patriotic."
Oh, and don''''t forget to get offended when someone blast Capitalism and say nice things about Socialism and Communism. Viva China and Europe and Latin America. - Reply to this comment
- Folks,
This is easy smoking-gun proof again that the FREE MARKET ENTERPRISE WORKS IMPERFECT. In 1988, government bailed the Savings and Loans industry.
China has taught us all that CAPITALISM works best under COMMUNISM where workers have almost no rights and under the FIRM control of a CENTRAL GOVERNMENT.
VIVA LA SOCIALISM VICTORY OVER CAPITALISM IN THE DIVIDED STATES OF AMERICA! - Reply to this comment
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