[vaudine]

If a deal is brokered, one of the tenets must be that Frank and Dodd do not get within a city block of it, or even further. Frank fought oversight of Fannie/Freddie very actively. Dodd, Frank and other Dems made it their Money playhouse.

vaudine

[Lancey Howard]

BUMP!

[Lancey Howard]

Jim,

There was a thread going with this Ben Stein column but I can't seem to find it right now. Anyway, if you didn't see it, it is very, very good. HIGHLY recommended.

Everything You Wanted to Know About the Credit Crisis But Were Afraid to Ask
by Ben Stein

FRegards,
LH

[TomasUSMC]

Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.’’ .......I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.” —Andrew Jackson,,

Someone posted this:

“Because of what we have viewed as a fragile economy, and a weakening dollar, my husband and I have moved much of our stock portfolio into cash over the past few months – placing that cash in a money market fund at our brokerage firm...........
NAV in our money market fund has fallen below $1, due, in part, to the decrease in value of debt securities issued by Lehman Brothers and held by the fund.........................
Long story short ... as a result, until our funds are redeemed by our brokerage, we will not have access to them for withdrawal or transactions. We were informed that this action is being taken in our best interest ‘in order to limit potential losses’.”

225billion FORD GMC ..wasn’t enough, need more
30billion BEAR .....wasn’t enough, need more
85billion AIG .....wasn’t enough, need more
138billion LEHMAN...wasn't enough, need more(they tried to hide that one)
200billion FANNIES...wasn’t enough, need more
770billion WHO ELSE? and no one will ask the question,” Will this be the last dollar we have to spend”? ....
...........Because it won't be.
Spend $700 billion, 5 percent of our gross domestic product?

Beat them to the punch.
We must Run ON THE BANKS AND STOCKS.

(Maybe we can buy Treasury securities, We'll call it a “flight to quality.”)

A) When they stop the bailouts we stop our run.
B) When they put folks in jail, like they did Milken, then we start to reinvest.
C) They start bailouts again, OFF TO THE RACES AGAIN.
D) GO TO STEP A.

Otherwise they are going to continue these bailouts until the dollar sinks to the value of the yen.

Take your money before your money is taken.

This is the only language and power D.C. will understand. We withdraw 1 trillion out of the stocks and banks and wallstreet will feel enough pain to mend their ways.................or have your house burned down around you, and be made to pay for it too.

Can you hear Paul Revere

[catfish1957]

Spot on Jim. What seems so incredulous is this mindset that we the taxpayers have to bail out bad business decisons. When will it stop?, because it sure is setting a bad precedent.

[exit82]

Part of the price of this bailout should be the resignations of Barney Frank, Chris Dodd, and Chuck Schumer.

I’m so glad the House Republicans and John McCain showed some brass ones yesterday—they know the Dems, even with a majority in both houses, are too chicken livered to pass this bailout without political cover from the Republicans.

They may haved saved the Republic with their alternative plan.