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So now we want to bail out foreign banks, too???!

This is our money, taxpayers money, they want us to pay for their greed.
I hope congress help the people of the United States of America against this corporate greed. Treasure Sec is rushing for the money.
 
Anyone know who makes the ink and the paper for the mint to print money? I want to invest...looks like a booming season is coming up.

What a crock of shit. Rush...rush...rush....just like the fucking Patriot act...we've got to act now and don't question us...we know what's best. Fuck them all.
 
"If we design it so it's punitive and institutions aren't going to participate, this won't work the way we need it to work," Paulson said. "Let's talk executive salaries: There have been excesses there. I agree with the American people. Pay should be for performance, not for failure. We've got work to do in that regard. We need to do that work. But we need this system to work. And so reforms need to come afterwards.
Click to expand...

Yes, it needs to come in the remaining few months they have, after they 'fix' this, not the last 7 and a half years they've had power.
 
We already effectively pay for much of the world's defense so they don't have to (Europe, Canada, etc.). So let them bail out their own banks.
 
Originally posted by: Engineer
Anyone know who makes the ink and the paper for the mint to print money? I want to invest...looks like a booming season is coming up.
Click to expand...
Invest away, you won't make squat. It's all electronic funds they're creating. If you know some way to corner the market on 1s and 0s...

What a crock of shit. Rush...rush...rush....just like the fucking Patriot act...we've got to act now and don't question us...we know what's best. Fuck them all.
Click to expand...
Unfortunately, if they wait to act the entire financial structure could collapse and we'd be looking at a Zimbabwe-class clusterf**k.
 
Originally posted by: CallMeJoe
Originally posted by: Engineer
Anyone know who makes the ink and the paper for the mint to print money? I want to invest...looks like a booming season is coming up.
Click to expand...
Invest away, you won't make squat. It's all electronic funds they're creating. If you know some way to corner the market on 1s and 0s...

What a crock of shit. Rush...rush...rush....just like the fucking Patriot act...we've got to act now and don't question us...we know what's best. Fuck them all.
Click to expand...
Unfortunately, if they wait to act the entire financial structure could collapse and we'd be looking at a Zimbabwe-class clusterf**k.
Click to expand...

Fear-mongering is the best way for the government to grab power. I think that we are heading down the Zimbabwean road by continuing to extend the Government's credit line. Yay for 1000% inflation!
 
Originally posted by: colonel
This is our money, taxpayers money, they want us to pay for their greed.
I hope congress help the people of the United States of America against this corporate greed. Treasure Sec is rushing for the money.
Click to expand...

I hope you are letting your congressmen know. Please email them/phone them. I've already sent an email to some of the congressman in other districts who have shown some hesitation towards this plan. I plan on calling my local representative and emailing Chuck Schumer tommorrow. Maybe if enough of us do it, it will get attention.
 
Originally posted by: mAdMaLuDaWg
Originally posted by: colonel
This is our money, taxpayers money, they want us to pay for their greed.
I hope congress help the people of the United States of America against this corporate greed. Treasure Sec is rushing for the money.
Click to expand...

I hope you are letting your congressmen know. Please email them/phone them. I've already sent an email to some of the congressman in other districts who have shown some hesitation towards this plan. I plan on calling my local representative and emailing Chuck Schumer tommorrow. Maybe if enough of us do it, it will get attention.
Click to expand...
They don't give a rats ass. I live in a state with the biggest man in the senate - Harry Reid. I've sent him messages on 5 different occasions in the last year and not one has been responded to even when they were praise for his statements (which he later contradicted when he voted).McCain - when i lived in AZ he (his office at least) responded. As did Kyl. Reid has no fvckin backbone though - either Bush has something on him or his money is coming from somewhere where he can't cross (coming from a state with Vegas i'm not surprised). I would say the same thing for Pelosi because she has been just as lax as Reid on a number of issues. They were given a mandate from the people the last election putting them in power and yet they don't care about the people. I sure as hell aint voting Reid back in when i get the chance.

I doubt they will do anything with this regardless of what people think. They will pass us all off and vote with Bush to make sure their money is safe. Yes its cynical - i'll continue to let my ballot do my talking even if what i don't want comes to pass.
 
Originally posted by: Drakkon
Originally posted by: mAdMaLuDaWg
Originally posted by: colonel
This is our money, taxpayers money, they want us to pay for their greed.
I hope congress help the people of the United States of America against this corporate greed. Treasure Sec is rushing for the money.
Click to expand...

I hope you are letting your congressmen know. Please email them/phone them. I've already sent an email to some of the congressman in other districts who have shown some hesitation towards this plan. I plan on calling my local representative and emailing Chuck Schumer tommorrow. Maybe if enough of us do it, it will get attention.
Click to expand...
They don't give a rats ass. I live in a state with the biggest man in the senate - Harry Reid. I've sent him messages on 5 different occasions in the last year and not one has been responded to even when they were praise for his statements (which he later contradicted when he voted).McCain - when i lived in AZ he (his office at least) responded. As did Kyl. Reid has no fvckin backbone though - either Bush has something on him or his money is coming from somewhere where he can't cross (coming from a state with Vegas i'm not surprised). I would say the same thing for Pelosi because she has been just as lax as Reid on a number of issues. They were given a mandate from the people the last election putting them in power and yet they don't care about the people. I sure as hell aint voting Reid back in when i get the chance.

I doubt they will do anything with this regardless of what people think. They will pass us all off and vote with Bush to make sure their money is safe. Yes its cynical - i'll continue to let my ballot do my talking even if what i don't want comes to pass.
Click to expand...


Well, usually they have these automated responses that search for keywords within your email and send you a vague letter on the topic. I'm sure it has to do with the volume of communication they receive.

But if you think that they won't respond if enough people contact them, well, it reminds me of the Nixon hearings. The whole nation was tuned into it while the Republicans (especially Fred Thompson) were calling for the media circus to end. They were about to end the hearings but the entire comittee got bombarded with postcards/letters and they had no choice to continue. They were so surprised that one of the committee-men quipped that the people actually cared about their government.

Another story that reminds me of the power of people's response is the campaign during World War II (I think) to send bags of rice to the White House to alter Eisenhower's policy towards mainland china. Eisenhower later admitted that his policies were affected by the bags of rice that were sent.

Democracy is a great tool if people actually used it.

 
Foreign banks active in the US market are undoubtedly counterparties to a variety of credit derivatives with US banks... If they can't meet the obligations inherent in that, then non-payment weakens their US partners. Very few people understand that the whole mortgage problem is just the tip of the iceberg- the biggest problems of all lie in derivatives.

Last time I checked, nobody was particular about who they borrowed money from, anyway- if credit Suisse offered the best terms over BOA, for example, then Credit Suisse got the business. If we didn't differentiate then, it seems hypocritical to differentiate now. All the banks doing business in the US should be subject to the same rules and benefits...

A huge part of the impetus for this bailout has to do with foreign investors, anyway- that's what running $200B/yr trade deficits and offshoring jobs will do for us- we depend in no small way on foreign investors having faith in the dollar and US securities in general. It's just the way that the architects of the deregulated free trade free market economy made it. If that's some sort of startling news, then you've been living in dreamland for a very long while...

Nothin's free in the world economy- now we get to pay for the foolishness of the past, restore the confidence required to keep those overseas dollars comin' back home, earning capital gains and dividends for those who own 'em. Otherwise, they'll lose value quickly, and the price of everything we import will go up drastically.

I'll bet a lot of people who've been all rah-rah over free trade haven't realized that... but they will be rather shortly. Depend on it.
 
Originally posted by: Jhhnn
Foreign banks active in the US market are undoubtedly counterparties to a variety of credit derivatives with US banks... If they can't meet the obligations inherent in that, then non-payment weakens their US partners. Very few people understand that the whole mortgage problem is just the tip of the iceberg- the biggest problems of all lie in derivatives.

Last time I checked, nobody was particular about who they borrowed money from, anyway- if credit Suisse offered the best terms over BOA, for example, then Credit Suisse got the business. If we didn't differentiate then, it seems hypocritical to differentiate now. All the banks doing business in the US should be subject to the same rules and benefits...

A huge part of the impetus for this bailout has to do with foreign investors, anyway- that's what running $200B/yr trade deficits and offshoring jobs will do for us- we depend in no small way on foreign investors having faith in the dollar and US securities in general. It's just the way that the architects of the deregulated free trade free market economy made it. If that's some sort of startling news, then you've been living in dreamland for a very long while...

Nothin's free in the world economy- now we get to pay for the foolishness of the past, restore the confidence required to keep those overseas dollars comin' back home, earning capital gains and dividends for those who own 'em. Otherwise, they'll lose value quickly, and the price of everything we import will go up drastically.

I'll bet a lot of people who've been all rah-rah over free trade haven't realized that... but they will be rather shortly. Depend on it.
Click to expand...

The basic idea behind Free Trade is good, but the way it's being implemented is where the problem lies, IMO. Certain things, like Food Production, should be exempt and every Nation should be able to protect Industries that meet Basic Needs.
 
Originally posted by: sandorski
Originally posted by: Jhhnn
Foreign banks active in the US market are undoubtedly counterparties to a variety of credit derivatives with US banks... If they can't meet the obligations inherent in that, then non-payment weakens their US partners. Very few people understand that the whole mortgage problem is just the tip of the iceberg- the biggest problems of all lie in derivatives.

Last time I checked, nobody was particular about who they borrowed money from, anyway- if credit Suisse offered the best terms over BOA, for example, then Credit Suisse got the business. If we didn't differentiate then, it seems hypocritical to differentiate now. All the banks doing business in the US should be subject to the same rules and benefits...

A huge part of the impetus for this bailout has to do with foreign investors, anyway- that's what running $200B/yr trade deficits and offshoring jobs will do for us- we depend in no small way on foreign investors having faith in the dollar and US securities in general. It's just the way that the architects of the deregulated free trade free market economy made it. If that's some sort of startling news, then you've been living in dreamland for a very long while...

Nothin's free in the world economy- now we get to pay for the foolishness of the past, restore the confidence required to keep those overseas dollars comin' back home, earning capital gains and dividends for those who own 'em. Otherwise, they'll lose value quickly, and the price of everything we import will go up drastically.

I'll bet a lot of people who've been all rah-rah over free trade haven't realized that... but they will be rather shortly. Depend on it.
Click to expand...

The basic idea behind Free Trade is good, but the way it's being implemented is where the problem lies, IMO. Certain things, like Food Production, should be exempt and every Nation should be able to protect Industries that meet Basic Needs.
Click to expand...

You should look into why your soda has HFCS rather than sugar.
 
Originally posted by: bamacre
Originally posted by: sandorski
Originally posted by: Jhhnn
Foreign banks active in the US market are undoubtedly counterparties to a variety of credit derivatives with US banks... If they can't meet the obligations inherent in that, then non-payment weakens their US partners. Very few people understand that the whole mortgage problem is just the tip of the iceberg- the biggest problems of all lie in derivatives.

Last time I checked, nobody was particular about who they borrowed money from, anyway- if credit Suisse offered the best terms over BOA, for example, then Credit Suisse got the business. If we didn't differentiate then, it seems hypocritical to differentiate now. All the banks doing business in the US should be subject to the same rules and benefits...

A huge part of the impetus for this bailout has to do with foreign investors, anyway- that's what running $200B/yr trade deficits and offshoring jobs will do for us- we depend in no small way on foreign investors having faith in the dollar and US securities in general. It's just the way that the architects of the deregulated free trade free market economy made it. If that's some sort of startling news, then you've been living in dreamland for a very long while...

Nothin's free in the world economy- now we get to pay for the foolishness of the past, restore the confidence required to keep those overseas dollars comin' back home, earning capital gains and dividends for those who own 'em. Otherwise, they'll lose value quickly, and the price of everything we import will go up drastically.

I'll bet a lot of people who've been all rah-rah over free trade haven't realized that... but they will be rather shortly. Depend on it.
Click to expand...

The basic idea behind Free Trade is good, but the way it's being implemented is where the problem lies, IMO. Certain things, like Food Production, should be exempt and every Nation should be able to protect Industries that meet Basic Needs.
Click to expand...

You should look into why your soda has HFCS rather than sugar.
Click to expand...

Unless something changed recently, here in Canada we use Sugar.
 
Originally posted by: dmcowen674
Originally posted by: sonambulo
This shit is insane.
Click to expand...

In the words of Bachman-Turner Overdrive - "You Aint Seen Nothing Yet"
Click to expand...

Bush just added student loans, car loans and the guy on the corner loans

The administration's proposal seeks an increase in the limit on the national debt from $10.6 trillion to $11.3 trillion to make room for the massive rescue.
 
Originally posted by: sandorski
Originally posted by: bamacre

You should look into why your soda has HFCS rather than sugar.
Click to expand...

Unless something changed recently, here in Canada we use Sugar.
Click to expand...

Oh I see. Then look into why the soda in the USA has HFCS rather than sugar. 😉
 
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