Comments on: Bailout Hope Fails To Boost World Markets

Stock Indices In The Red As Investors Show Little Confidence Bailout Can Beat Recession

[t_barr]

http://market-ticker.denninger.net/archives/596-The-TRUTH-About-The-Bailout.html

From an interview with Rep Sherman D-Cal on CNBC
''Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen.''

''Notice that conspicuously missing from the definition is the requirement that the asset''s underlying thing (The property that was mortgaged, etc) lies within the US. Also note that Treasury must tell Congress if they add ''new types'' of debt, but that Congress has no right of review or censure.

It is perfectly legitimate under the bill for a foreign bank to sell or swap any c r a p sandwich it may hold (irrespective of how or where it originated, so long as a mortgage is the basis for it somewhere) with a bank domiciled in the US, and said bank may then ''PUT'' it into the TARP.

Note also that Rep Sherman said on Kudlow last night that when this was raised with Sec Paulson he was told that if Congress tried to restrict the ability of the Sec to purchase assets laundered in this fashion from foreigners, that the bill would be vetoed.''

This is pure Bulls h i t. Carefully crafted BS, sold to We the People by Bush, Paulson, etc. repeatedly saying that this bill is about a ''rescue'' of Main Street, not Wall Street. It is neither about Main Street or even about Wall Street. It''s designed to bail out foreign investors.

Watch the Video at the link, it explains it much better.

[keeblers69]

The whole banking system is burning like the Hindenburg anyone have some marshmallows?

[jesusface]

People don%u2019t buy it anymore

Why don%u2019t you politicians in Washington concentrate in giving your citizens better education, health care and their dream jobs. This is the real wealth of a healthy country.

This bailout is but a stopgap mentality to make people think they feel better about a broken and mismanaged economy.

Well guess what,
People aren%u2019t buying it anymore!

[gumpybear]

Bailout Hope Fails...D''oh!
Come on peeps we all knew it would never work...
Think back, why were people buying up fancy cars and second homes? because the value of their first home skyrocketed, so they refinanced used the equity in their homes to go buy all those fancy toys...
now that market has crashed the moneys dry up. homeowner are stuck with a 400k loan and a house worth around 150k. Just because you free up credit people will still walk away which makes perfect economic sense to a struggling family! Fund managers are already looking to foreign markets to invest our tax dollars in, and for good reason. we making nothing in our country, wages are a joke when compared to cost of living.the line between rich and poor grows wider everyday. Forgot middle-class even they find themselves bordering on working poor or about to join the ranks of the jobless! Lets say you pass this bill? how long will it take the market to turn around, 3, 4 months? Half a year is more likely, in which time we lose another 2 million homes to forecloser. Come on people lets be realistic here this proposal fixes noting, not in time at least!

[whodotcom]

800 billion dollars = $400,000 for every adult with a social security number 18 and over.

WOW, seniors could retire, really.
College students could pay for college.
Government could tax it at 50% and get half of it back immediately.
State Government gets $40,000
Local Government gets $4,000

What would retirees do with $156,000 after taxes?
go traveling abroad
buy stuff from other countries.
Not have to eat dog food.
Not have to live with their selfish children.
Kick that retirement home to the curb.
Live anywhere they want.

Single moms could afford day care, college, tennis shoes, food, good place to live, their dignity

Tell you what they would not have to do, keep asking their dead beat x for money which he could care less about help the children he fathered.

Rich people, what would they do, re-invest. Pay their taxes with the money.

What would working couples do
Save for their children
Feed their children
Cloth their children
Re-finance their home
Buy a car that gets 50 miles per gallon
Maybe afford a vacation

Who would loose, fat, undeserving rich men on Wall Street. But they would also get $400,000 each.

How do we finance this, China is ready to buy bonds, Europe is ready to buy bonds, rich Saudis, rich Dubis, rich Emirates, ready to buy bonds, every country is ready to buy bonds to help the US.

We fall they fall

Where would we spend the money? buy more stuff from China, take a trip to Europe, buy more oil and gas to heat our homes.

[williewomper]

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
--Thomas Jefferson

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
--Henry Ford

**************
Two people that we should believe more than Paulson and Bernanke don''t you think?

[tincup356]

until the price of oil an gasoline come down to affordable levels to give relief there will be no substantial relief ahead Corporate greed fuels all the worlds problems pushed on by lobby dollars the other major reason for problems is the war stop it and solve many things.