Posted on 09/25/2008 7:41:36 PM PDT by Jim Robinson
They gambled away our 401ks and our mortgages. Now they want to double down with the national treasury. And it, of course, is simply a pile of IOUs. They intend to gamble with the tax receipts and or freshly printed money.
No problem though, because Christopher Dodd and Barney Frank are going to oversee the betting.
A breathtaking assessment if I do say so, Jim...
Great analysis in a nutshell, Jim. Do you have a longer version of this that Americans for Limited Government can send out to the media nationwide in our Daily Editorialist and Broadcast NewsReal feeds?
The earmark for ACORN is just a small indicator of how much of a screwing they’re going to give the taxpayers.
Hey I trust them..... See this big brown stain on my boot.....
W has never liked Wall Street or the financial sector. If somebody has convinced him that this is extremely serious and the government needs to fix it, then it almost surely is.
My mother was called stupid by some for raiding her 401K to pay off her house this spring. She’s not looking so stupid now.
You are absolutely right, sir.
What I want to see made clear and undeniable (and public) is just WHO it was that did this and WHO it is that is trying to cover their own butts with the taxpayer’s money.
Perfect summary. What a crock.
You can get in trouble with that opinion around here but I agree with you...
My bet?
In the end the money is turned loose on the markets
Time to cut off the funds and let’em die.
Other, real banks and businesses, will be there to pick up the ball, and no money will go to ACORN.
All those mortgages! The socialists have succeeded in nationalizing the housing industry. Now they will own all that private property.
Well, if the government owns the property, it is no longer private.
Socialists hate private property. Now they are buying up individual homes. With people living in them!!!
yitbos
Not if we can help it, they won’t.
Many of us have mobilized and sent 1000’s of emails and made hundreds of phone calls and blogged our butts off for the last three days.
I haven’t done any work all week. I email, I call, I monitor FR, various news and other sites. That’s it. I’ve lost too much already to just take this lying down.
FR Keyword: moneylist
This can be a high-volume ping list at times.
To join, send Freepmail to rabscuttle385.
I am so tired of all this blaming - it happened on the Republicans watch, Clinton signed the bill Phil Gramm drafted, etc, etc, etc.
The real culprits are the looters in Wall Street that artificially inflated their profits, and by extension their own compensation, with questionable investments, irresponsible leverage and looking the other way on fradulent loan origination.
Any bill I would support would have to include limits on executive compensation for any company that accepts a bailout, investigations into fraud, and civil penalties on any executives that mis-managed the money in their trust.
For the latter I am thinking they can adopt a resonable investor rule - would a reasonable investor have made this decision. Most of these crooks couldn't pass that standard.
They have seen the Paulson plan for exactly what it is, an attempt to slap on a quick coat of paint and keep the "pretend" economy - the asset bubble economy - running for a couple more years.
And they will rise to the occasion. I could not call myself a conservative if I thought anything else.
If McCain can make this his mission, and stick to it without compromise, he will not only be elected, he'll be on Mount Rushmore.
And I say this as someone who has been anti-McCain for almost a decade.
Senator McCain, Senate and House Republicans, and Freepers - don't be afraid to tell Americans the whole truth.
Incidentally, one of the lowest rings of Hell, as seen by the Soviet Communists, was occupied by parasitic Wall Street speculators, and it turns out there might have been some truth to it, after all.
Funny they don’t really want to “point fingers” or blame. Perhaps the real ‘worry’ here is a civil meltdown once high profile Dems and some Rinos are found criminally liable for misdeeds in this mess. In the middle of a high stakes election, the moonbats on the other side are gnashing their teeth as it is. There will be out and out civil disobedience and riots if they see their leaders toppling due to this mess. Perhaps this is at least a part of their fear.
Congress and the President seem to want to sweep this bailout right under the carpet and not let it see the light of day.
While all of this circus plays out, our enemies are plotting and planning to use it to hurt us or bring us down.
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