Comments on: Where'd The Bailout Cash Go? It's A Secret

After Getting Billions In Taxpayer Money, Banks Hush-Hush On Money's Fate

[jt_lancer]

zippiez - ''To avoid condoning this behavior, don''t vote!
Listen all you nasty people: I don''''t condone your behavior or attitude. Therefore, I will do nothing.
That''ll teach you!''

I detect a mocking tone in your words! Seriously, why are you critical of non-voters who did not put the crooks in office while making excuses for the voters who gave them the power to run your life?

[zippiez]

Ah! I see!
To avoid condoning this behavior, don''t vote!
Listen all you nasty people: I don''t condone your behavior or attitude. Therefore, I will do nothing.
That''ll teach you!

[jt_lancer]

zippiez - ''You''''re missing your own point.
Who wins the voting contest means nothing. The winner will protect those providing the most in political contributions.''

Ah, true. But the voters are the ones who put them there in the first place. Your vote legitimizes their rule. By voting for them, you are condoning their behavior. If they commit a crime, the voters who elected them are accessories.

[zippiez]

Those of you who voted for these clowns in power (Dems AND Repubs alike) who have been shoving this economic nonsense down the taxpayer''''s throat have noone to blame but yourself.
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Posted by JT_Lancer at 10:00 AM : Dec 23, 2008

You''re missing your own point.
Who wins the voting contest means nothing. The winner will protect those providing the most in "political contributions."

[roscoe2400-2009]

Well---- is this a surprise!!! When you give away all this money with no string attached !!!! Hello!!!
There is simply no excuse for Frank, Dodd, Pelosi, Reid or any of the aother members of the Congressional Finance Committee or the Senate Banking Committee to be surprised. After all, they are the ones who approved giving all of this money to Paulson with no restrictions and basically telling him-- "Go Forth And Proser"!! Give me a break! All of these clowns should be impeached for their sheer stupidity and incompetencies! Let''s see what happens when Paulson asks for the secong half of the funds!!!

[jt_lancer]

Dems and Repubs are equally to blame for the bailout fiasco, as both said it was DIRE that the bailout pass IMMEDIATELY in order to ''save'' our economy.

Well, how has that worked out so far?

Those of you who voted for these clowns in power (Dems AND Repubs alike) who have been shoving this economic nonsense down the taxpayer''s throat have noone to blame but yourself.

[zippiez]

Welcome to corporate government.
Congress and Treasury are nothing more than the banking industry''s payroll department.

Every executive and congress person is flipping us off!

[roscoe2400-2009]

frankie2fing ---- you''re too funny!! Why is it that it''s always "someone else''s fault"! Stop yout whining!

How can you actually believe that anyone other than the BEG3 are responsible for their own current situation? The GOP is to blame for the Insolvency of the BEG3?? Here''s reality!!----
1)There are three factors than can cause a business to fail, bad product, bad management or bad employees. The BIG3 have all of the above.
2)They have continued to lose market share year after year--- for decades--- because they fail to develop and produce a product that satisfies the consumer at a price and quality level that is acceptableto the consumer. Had they lived up to the expectations of the consumer, there would be no foreign transplant companies in the US.
3)Nothing can be done from the outside of the organization (BIG3) to save it. It needs to come from within. And they have demonstrated time after time that they simply do not have the capacity to change from within.

I don''t need the Gov''t. using my tax money to prop up a failed business. I don''t need the Gov''t. telling me what to buy. I don''t need the Gov''t. adding tariffs to products to put into their own pocket which raises the price of the things I want to buy. If you believe that this socialistic type of society is a good choice, there are plenty of places in the world that you can choose to live other than where you are.

[jsd330]

They are bankers, therefor the elite just take and do whatever they want and are never held accountable.The bankers and insurance companies can raise rates for no reason, and we can complain all we want and nothing is done. You think that the ceo''s of the big 3 are crooks? They can''t hold a candle to the bankers and insurance exec''s.

[bozworth4]

Mission Accomplished task # 327.

When are we going to take back our government?

I just want to know how I can stop paying taxes to these criminals who are running my country.


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Posted by worstever2

After the next revolution, or never!!!

[worstever2]

Mission Accomplished task # 327.

When are we going to take back our government?

I just want to know how I can stop paying taxes to these criminals who are running my country.

[frankie2fing]

No Bailout for any one. I am tired of paying some one to keep a job with tax dollers. It makes me sick. Companies go down every day. Let the automakers go down, and the SCUM BAG UAW, a long with any body else that can''''t make it. No bailout. You and I sit with out a lot of money and we paid SCUM.

Posted by hitoyou11

Fool, SHUT UP!!! It is obvious that you are retarded and have no idea what you are talking about. The trouble with the financial corps was self-inflicted. The trouble with the auto industry is political, international and YOU! Political because congress refuses to enact (YES, BUSH AND CLINTON ARE CULPABLE, TOO) basic industry protection, international as EVERY other auto manufacturing nation have tariffs and SUBSIDIES for their corporations, and YOU, FOOL, who think that US cars are junk. As a matter of fact, they have some of safest cars on the road, and as a fleet, probably the best of any car company save the high end luxury vehicles. US car companies were making the vehicles YOU WANTED. They made the smaller, fuel sipping vehicle, but YOU refused to buy them. As for the Union - YOU are ignorant. UNIONS are the only reason YOU, fool, are making the money and benefits that YOU obviously do not deserve. ****.

[hologram5]

I say we call in the marker and make them give it back then. Tell them there will be transparency or we''ll take it back.

[ofbyfor3]

If I go get a credit card with a $2000 credit limit, or an unsecured personal line of credit for $2000, I don''''t have to say where I''''m spending the money either, as long as I pay it back. It is a mistake to focus on prying out from the bank where they are spending the money. The focus really needs to be on whether the banks that got the money are, as a result of getting the money, now on a stable enough footing that the government can expect to be paid back.
But really, it''''s pretty obvious where the money has gone. It is to stop foreclosures. The banks don''''t want to foreclose on homes right now because they know that if they do, they will have to take a loss since the housing market stinks. They would rather the owners who aren''''t paying mortgages simply continue to hold title to the property, and then when the housing market comes back up in a few years, they will foreclose then and sell the homes at a profit.

Posted by tmittelstaed at 01:14 AM : Dec 23, 2008

I hate to break it to you, but the banks are STILL conducting foreclosures at record rates and their executives are STILL making multimillion dollar bonuses.

[ofbyfor3]

If they want OUR money, they should be held accountable for how it''s used, PERIOD!

[hitoyou11]

No Bailout for any one. I am tired of paying some one to keep a job with tax dollers. It makes me sick. Companies go down every day. Let the automakers go down, and the SCUM BAG UAW, a long with any body else that can''t make it. No bailout. You and I sit with out a lot of money and we paid SCUM.

[stupidrules3]

I''''ll bet that every poster on this board with the exception of Obama voted for an incumbent. So don''''t complain if you are not going to help change things.


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Posted by d7767w at 08:45 PM : Dec 22, 2008

I voted for 1 incumbent. John Duncan, Jr. of Tennessee, he voted against the bailout, going into Iraq, the auto bailout, and any other wasteful program. He has an excellent record of voting against government waste. In DC they call him tight-#%*. When he gets calls from his constituents, he sends each of them a letter justifying his vote and he also votes the way the majority of his constituents want him to. His webpage has a ticker that shows the size of the Federal debt, it''s amazing how fast it moves. He is the only elected representative I will continue to support.

[jsutaguy]

While 7.7 Trillion dollars of your tax dollars have been allocated to bail out Wall Street investment
banks so far, please note that these same banks paid their CEOs:

Merrill Lynch paid CEO Stanley O''Neal 161 MILLION DOLLARS in 2007

Citi Group paid CEO Charles Prince 68 MILLION DOLLARS IN 2007

Citi Group paid new CEO Vikram Pandit 274 MILLION DOLLARS in 2008

Countrywide Financial paid CEO Angelo Mozilo 37.5 MILLION DOLLARS in 2007

Together, these guys created this real estate fraud that has driven up YOUR TAXES while (now) and destroyed YOUR EQUITY.... and each of these guys was
paid 10''s of millions for the 3 previous years that this fraud was being committed.

So now, your taxes have ALREADY BEEN GIVEN TO WALL STREET BANKS (7.7 Trillion worth),
and not a nickel has been returned from these 3 clowns. In fact, O''Neal has now joined
the BOARD OF DIRECTORS of ALCOA!!!!

If you have any doubt about how corrupt our government has become, please think back to
George Bush who was proposing that ALL SOCIAL SECURITY TAXES BE GIVEN TO WALL STREET
BANKS TO INVEST. That was 1.5 years ago. These massive payouts by the US treasury have weakened the value of the dollar. We are going to see the worst inflation in the history of the USA, because our government is printing giant piles of money to hand it to the multimillionaires and billionaires that bought our government over the last 10 years.

How can this be allowed to continue?

What has happened to our country?

[jsutaguy]

Want to see where your tax dollars are going in this "bank bailout"? Check out the pix of the fourth and fifth homes owned by these Wall Street pukes:
http://tinyurl.com/5qf7cu

Now check out the parties you''''ve paid for with your tax dollars:
http://tinyurl.com/562moo

[jsutaguy]

Actually, the total amount of money that has been given to the banks, particularly the Wall Street banks, according to Bloomberg Financials (which is the single most used source for financial information in the world), is 7.7 TRILLION DOLLARS.
That''s right. In less than one month, the Federal Government has allocated 1.5 times the entire US Federal Deficit to be given to Wall Street banks.

So far, the banks have NOT:
1. lowered interest rates to match the cuts made by the fed.
2. lowered credit card interest rates from their predatory levels of 29%
3. reduced foreclosures by accepting some loss on the loans...they''ve simply deferred foreclosures until the beginning of 2009.

What the banks HAVE done is:
1. Pay their executives over 3 Billion dollars in bonuses. BONUSES!!!!!!! NOT SALARY! BONUSES!!!! For destroying the US and World financial system, they''ve been paying BONUSES that are in the multimillions PER PERSON!

2. They''ve been throwing parties. Big parties. Multimillion dollar parties.

The Fed bailed out the banks because everyone felt that our economy needed the banks to exist so that they could do what banks do: Lend Money.

ARe the banks doing that? ABSOLUTELY NOT! They are hoarding it, and using it to prop up salaries that allow these parasites to own 4 and 5 multimillion dollar homes which they only visit 2 or 3 times a year.

Make the world a better place. Get rid of these sociopathic parasites...get them out of our economy. Clearly, we don''t need their banks.