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#1
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![]() ![]() ![]() This is insane right?And the propaganda? First the dow was down 777 points because the bailout was not passed, then Tuesday when the dow was up almost 500 points it was because a new bailout was proposed so the market responded favorably, and now today the dow was down and they say it's because we NEED A BAILOUT NOW.. seriously are the sheeple buying into this stick up? It's a straight up robbery through intimidation. "Stick 'em up! Give us this bailout, dictatorial economic powers, and immunity or the economy gets it!" ![]() ![]()
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#3
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God, there's just so much garbage in this bailout I keep forgetting all of it.. not only does the bill give the Secretary of the Treasury dictatorial powers that can't be questioned by any court in the land- and not only does it give basically everyone involved in this economic crisis IMMUNITY.. it also gives certain banks the right to now carry 0%, yes 0% reserves... where as before the bank's had to carry 10% reserves.. fractional reserve banking (which is a fraud to begin with) now has the power to lend even MORE money they DON'T have and charge INTEREST on it..
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#4
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Yeah....The new and improved bill. Let's see here...The 1st bill was defeated by the House and so the Senate creates a new bill, with more fat and passes it first? Tsk...tsk. But don't worry MILF; Obama will straighten things out once he attains the Throne.
And we will love him for it. Last edited by VTXDave; 10-01-2008 at 10:01 PM.. |
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#5
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For the record, I read the 110 page bill that was defeated in the House earlier. It granted authority to the Secretary of the Treasury to purchase companies WITHOUT oversight and immune to Judicial review. I have not read this 400+ page behemoth yet, but I wonder if the Sec. of Treasury gets that authority in it. That was my immediate beef with the previous bill...more federal power not subject to review and/or scrutiny.
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#6
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![]() ![]() ![]() Seriously Dave, tell me I'm not the only one seeing this shyt.. it's f*cking insane.. Oh yes, its in the new one.. plus the immunity in the last one.. plus the new 0% reserves needed for banks.. plus the upped fdic 'insured' policy, $250,000 now when they just admitted not too long ago to only having $50 billion to cover the over $1 trillion insured asset THUS FAR.. I mean, this is just f*cking insane.. seriously.. ![]() ![]()
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#8
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So the stock market goes way down Monday so I thought man I better go look at my 401k so sorry I did.. I lost about 1500 in one fucking day. I can't pull it out. I can't do anything less than a 3 percent of every check. I'm screwed so I guess I will leave it until I retire and quit looking at it. It's got about 20 years to go. here is where I think the patience from growing will help.
__________________
Good seed, dirt, light, water, what's the big deal? |
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#9
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Quote:
I'd like for someone to explain to me how granted additional authority to the Secretary of Treasury to purchase private companies without congressional/judicial oversight is constitutional. I'd be willing to bet that McCain and Obama voted in favor, yes? Sorry for the questions, I just haven't had time to review the news; Seamaiden and I just got back from a Town Hall Meeting w/ county and state officials. |
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#10
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Quote:
![]() I mean, it's only their job contract.. who cares about the rules laid out for the government in it..![]() ![]() Of course the two heads of the same beast voted for it.. Obama said he was 'reluctantly' voting for it.. |
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| 810, bailout, billion, improved, notice, passes, senate |
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