Re: Stock market/banking sector insanity
 

To think that Nancy Pelosi and Barney Frank have anything to do with saving the economy is scaring the bejesus out of me. The overall "plan" is good but it will come down to proper "execution". Only time will tell. Cash is king.

Re: Stock market/banking sector insanity
 

This plan is to keep those guys who made bad bets from loosing everything they have. Let them loose. This economy is going to fail because of debt; not just home loans but credit card and all other. There's too much. Bush just doesn't want it to happen on his watch. Just my 2cents. By the way, didn't Paulson make alot of these bets when he was CEO of what ever the hell company it was he ran? Who do you think he's looking out for?

Re: Stock market/banking sector insanity
 

Barney Frank is still figuring out how to use a bookmark. Butt, he does know how to bend over a page or two.

Re: Stock market/banking sector insanity
 

From: Henry Paulson
Date: 9/23/2008
Subject: Supper secret transaction Need you're help

Bright Greetings Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of Treasury of the Republic of America. My country has had a crisis that has caused the need for a large transfer of funds of 700 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with renowned Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we transfer your commission for this transaction. After I receive you're information, I will respond with detailed information about safeguards that will be used to protect the funds.

Wonderful salutations to you cherish friend from Republic of America.

Yours Faithfully Minister of Treasury Paulson

Re: Stock market/banking sector insanity
 

Probably not far off from what we'll hear tonight from w. Watch Bernanke's eyes when he's answering some of those tough questions. He don't have a good poker face!

Re: Stock market/banking sector insanity
 

76Red,

"By the way, didn't Paulson make a lot of these bets when he was CEO of what ever the hell company it was he ran?"

The answer is Paulson was CFO of of Goldman Sachs till 2006 (that year he received a $50 million dollar bonus)...when you work for the government you have to liquidate all your investments, anyhow he liquidated $500 MILLION in assets TAX FREE(that's half a billion)so he could work for our government. And we're taking advice from him...now mind you he was the CFO, he knew about all these shady securities that are now going bad, he participated in this.

I'm watching bush now...he makes me sick, I used to support him. He's lying right now, just like Paulson. There were a lot of warnings that this was going to happen.

Don't be fooled, they are literally robbing you.

Contact your congress and senate rep...
https://forms.house.gov/htbin/wrep_findrep
http://www.senate.gov/general/contac...m.cfm?State=FL

SAY NO TO THE BAILOUT. There are other solutions that do not burden tax payers and put the burden where it should be on those corporations that did this to us.

http://www.youtube.com/watch?v=daOfYmSLW_U

There he goes lying again...unbelievable. This speech reminds me of the "weapons of mass destruction speech" with the same degree of truthfulness

DO NOT STAND FOR THIS.

Re: Stock market/banking sector insanity
 

With you all the way. Of coarse they're lying. This system is going to fail regardless of any plan. Theres to much debt. They know it. This plan just keeps it from happening on they're watch.

Re: Stock market/banking sector insanity
 

"W" had that deer in the headlights look while he was lying out his ass. :D

Re: Stock market/banking sector insanity
 

Yah he did. He also had that "weapons of mass destruction" tone.

Re: Stock market/banking sector insanity
 

The politics of fear, works most every time and he knows it. There is a story of the boy who cried wolf ...... :rolleyes: