We're probably gonna need that money to fund the FDIC and Pension Guarantees once the banks and the stock markets implode ...

The Democrats should turn their backs on the banksters and embrace the American people. They have been given political permission by the Republicans, who, I hate to say, are doing right by America in opposing this giveaway that would not stop the freezing of the financial markets.

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legs, torso, both arms and his head.

Good riddance, Songbird!

Old Man McCain and Stupid Sarah -- wrong for America, wrong for the world
For reasons why JM and SP should not be elected
in November, click on: Vote Against McCain/Palin
(HOTTEST anti-McCain/Palin site on the Web)

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If the bailout goes through, close your bank account and do all transactions in cash.

FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

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The “bailout” is basic blackmail extortion. A private label for what is in point of fact—a criminal parasite class (or what has been traditionally called “the ruling class”).

The so-called “bailout” is doublespeak for the establishment’s latest trap that feeds into the hypocrisy of what is a de facto corporate monopoly ruled Washington and MSM axis. Thus, no version of blackmail “bailout” can work for the simple fact it will NOT address core systemic issues that reflect a nation raped and gutted by what amounts to a Wall Street parasite freeloader class.

At the top of this Ponzi orgy is the private Orwellian “Federal Reserve” Corp (never federal, with minus ZERO reserves) from where the $1,280 QUADRILLION derivatives bubble originated. Notice: that’s $1,280 TRILLIONS for an amount so large that even a 10% write-down would break the entire planet overnight (Bank of International Settlements figure).

The Federal Reserve sham basically works like this: The government granted its power to create money to “FED” banks. The “FED” creates money out of thin air, then loans it back to the government [ i.e. the people ] charging interest. The government levies income taxes to pay the interest on the debt.

Put simply, a nation ruled by parasite monopoly corporate crime better known as FASCISM was built to gut the nation for private abuse.

So the truth is, the world is already far worse than bankrupt under Organized Corporate Crime rule that has plundered everything in sight for greed based stolen power that Fascists now want Americans to pay for on the public nickel. In other words, the ambush “bailout” is a monopoly Fascist coup and criminal power grab to be swallowed down like acid Kool-Aid by the gullible.

But of course, caving in to any such extortion “bailout” scheme would be transparent insanity. And any recommendation that advocates such lunacy should be dismissed out of hand.

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how the Republicans are never about bipartisanship unless they are in shit up to their eyeballs?

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New National Radio Ad:

It's September Madness on Wall Street.

For years big business has been moving back the dates on frivolous holiday decorating days like Halloween, Thanksgiving, X-Mas to where Halloween decorations go on sale September 1st.

In the past you had to wait till October for things like the Russian Revolution, or when vice-presidential candidate George Bush Senior did a deal to keep our hostages in Iran for a nice round number of 444days in exchange for selling weapons to Iran.

Now you don't have to wait till October for decorative political surprises anymore!

That's right no more waiting till October for sneaky government malevolence.

Ever since they learned how to scare you from your Constitution in September 2001; the same group that brought you Controlled Demolition of the three skyscrapers, the missile hit on pentagon accounting auditors, the now famous ad hoc Why Wait Till October Group in the Whitewash House has been cooking up some good ones to spring on you.

Now the Whitewash House brings to you Presidential Ponzi in September! That's right they steal more than $2000 from each and every child and poor working person in America and hand it over to the richest criminals in history.

Our Criminal Chimp in Resident says: Act Now! Don't wait. Don't read the fine print! Don't Read. Just be afraid America, hand over the cash now so Ponzi can continue to flourish in your economy.

Remember if you let the Wall Street Ponzi Schemers fail it will be on your conscious.

This advertisement was brought to you by your own money.

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It's crazy that the democrats (9% congress) would have gone along with this with no consulation with the repubs in the hoiuse. It's also crazy, but expected that Bush couldn't lead anyone out of the basement of the whitehouse, no less the basement of economic collpase!

I guess they (the dems) figured they could steam roll right over the repubs..

Thank god someone is looking out for the nations economic well being because Bush and the democrats sure aren't!

McCains "stunt" as many like to call it really gave this a sense of urgency on the part of congress. They all probably would have left early today and taken the weekend off!

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This may well be the reality check the country has needed for 25 years.

It may be the end of the Greed Nation as the Sleepinmg Giant of the American People realized we have been had.

Maybe the roar of "ENOUGH" will get loud enough to drown out the fear mongering small b bush/cheney cacaphony.

No question..the future will be painful because optimism has been a false front from this tragic debacle.

Problems are easier to solve when we have few options.

This administration took care of those options.

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The US Congress is currently under pressure to quickly pass Paulson’s $700 billion bail-out proposal. Paulson's initial proposal will give the Bush administration incredible power to privatize profits of investment banks while socializing their losses!

If any company is given federal capital, the US government should receive equity in the company otherwise any massive cash infusion will merely reward those investment banks that got deepest in debt. Buying worthless paper from failing investment banks makes no sense. There is no clear method to evaluate the paper to be 'bought' and worst of all, no regulations to address the real cause or to investigate possible criminal activity. Buying this worthless paper from investment banks without writing and enforcing new trading regulations will merely encourage continued derivatives trading and increase the total US debt. If this occurs, does anyone believe that $700 billion will be enough? I expect total bail-out costs could run into the tens of trillions if foreign investment banks are included. There is no reason to bail out these irresponsible and socially harmful speculators. Let the investment banks and insurance companies that did gamble with derivatives fail as they should.

The government should not get into investment banking, but if they insist, then government ownership is the only way. This will ensure that future profits (if any) are returned to the people and that new regulations to manage derivatives trading - assuming Congress writes them - are followed. If and when these investment banks become profitable and socially responsible, they can be sold back to private investors.
Meanwhile if there truly is a shortage of capital for operations of commercial enterprises (as claimed) credit could be extended through existing commercial banks in the form of federal loans – this money should not go to the investment banks or to commercial banks that are owned by investment banks. I believe that recent legislation allowing investment banks to buy commercial banks is a serious error. It can lead to loss of confidence and a run on legitimate commercial banks - see http://www.slate.com/id/2074372/ .

In any case, I certainly do not trust Treasury Secretary Paulson and the Bush administration to administer this huge 'bail-out/buy-out'. As with the war in Iraq, I fear that most of this money will go to political allies and cronies. A separate bi-partisan committee/agency should be created to assess other alternatives. If it is agreed to buy these failing banks at their current market value, the guidelines and restrictions must be transparent and all purchase offers should be subject to review and approval by Congress.

I believe it is highly likely that conspiracy to defraud and outright fraud has occurred before and may occur during this 'rescue' plan. An independent agency should be assigned to investigate fraud/conspiracy and these investigations should begin immediately.

The current approach uses "fear of imminent financial collapse and appeals to the need for public sacrifice" combined with a rush to push a "clean" bill through a Congress distracted by “how to protect the interests of homeowners facing foreclosure”, without allowing adequate time for assessment. This reminds me of the method that President Bush used to pass the bill to authorize the invasion of Iraq.

Regarding homeowners facing mortgage default, these owners got in over their head by choice. They and their lenders chose to speculate in the housing market. If they believe that a lender defrauded them, they should initiate a law suit against the bank that gave them their mortgage. The federal government should not assume any responsibility for these mortgages. It is unfair to make responsible borrowers pay for these failed speculators.

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We revolutionaries thought you progressives would be of some help, from most of the remarks, you people are just as bad as the sheeple you whine about. You are being handed what we are willing to die for and you can not see it, reactionaries do not make very good revolutionaries. There are to groups in congress fighting about a bailout, one group is the free market capitalists and the other group is willing to socialize risk. What do we do after the bailout, it is sad that you are on the side that wants the free market to decide. They own you because you are them.

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Screw US Once Shame on YOU- Screw US twice Shame on US.
McCain slitered out of Conviction during th ekeating 5 Scandal- will we let him do it again? The Guilt is not only written all over his face - It lives and breaths in his Campaign headquaters- Davis Gramm Carly..About 19 Lobbist. Question for Davis- if you were Doing NO work for Freddie, yet getting paid is that Not Embezzlement,Fraud? If you were doing covert operations for Freddie, what role did you paly in bringing it down- Kind of like Torching your own business to get the 'insurance' money. So which Is it Davis? Ya might want to claim the Former- the latter will get up Hung for Treason, along with your current Boss- Johnny Boy, who has a long Criminal Record for High crimes.
What Congress is doing as Usual is the 'Shell Game' with our Nations (and her citizens) Futures.
KISS Boys and Girls- go to the Chinese (since we don't have even a cheap chinese Pot to piss in left) and request the Loan. But not for the Gamblers but for the AmericaN Citizens- who have proven they KNOW How to build and Stimualte an Economy. Explain that once our People get back on their feet they will once agian return to buying products - esp Chinese (We love to find a bargin- as long as it won't Kill Us).then Cuta Check to every Taxpaying Household- A loan to ourselves. Tell the public to pay their mortgages, car payments, credit cards, utlities and put away some fro a 'rainy day',BUT take a small amount of that Check and Buy some Middle Classer type 'luxury' with Cash- Computer, TV..American Made Only. this will kick up manufacturing Demands, thus Jobs.
The only System which is compatible with a Democratic, Free market Doctrine is 'Bottoms Up'.Trickle Down was proven to be nothing more than a modern day Monarchial Economic Ideology- Freidman was an ELITIST and Fundementally UNAMERICAN! Thus all those who employed his Doctrine are TRAITORS- Above & Beyond any we have Ever seen Before! Our Response and Our Punishment should reflect this Fact!
So Every CEO,CFO,COO, Boardmember and Bought & paid for Politician should be facing the Gallows- all their assets should be seized, and put back into the national Coffers. Of course then again since they had no reservations basically leading US , Our Children and Our grandchildren to the Global Auction Block- perhaps we should offer that to them. Face the Gallows, or the Auction Block for the nextfew generations- You Pick McCain,Davis, Gramm.....How much can we get for a Blonde Ex- Socialite/Heiress on the Asian Market? Ho wmuch you want to bet that Coward McCain would put Cindy on the Block, to try and save his own ass???

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Remember that soft-shoe shuffle Richard Gere performed in "Chicago" to confuse the jury? That's what Karl Rove protégé and McCain campaign manager Steve Schmidt was doing in having McCain announce McCain's "suspension" of his campaign to deal with Wall Street's financial crisis.

What prompted it was, understandably, Obama's leaping ahead of McCain in the recent ABC poll. McCain even proposed suspending the debate because of "national emergency." Obama rightly demurred. If McCain had really been concerned with our financial mess, he would have done something about it during his long tenure in the Senate. He might even have showed up for some of the votes he's missed in the last couple of months.

Nice try, Steve, but the old "razzle-dazzle" isn't working. Good luck finding another job after November 4.

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Souns to me as if the entire country has gone straight to Hell in a hand basket! Pretty sad indeed. the Sheeple suffer and our leaders run around like chickens with their heads cut off. Go figure, poor leadership at its finest.

Jiff
Is your ISP Spying on you?

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The Couric interview shows how sadly lacking in experience or preparation Palin is. And McCain again shows his true colors with more lies and dissembling.

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I admit that I am not very savvy when it comes to finances on the scale we have in this present issue, so I'm asking for an education from readers. My question is: What would be likely to happen if no bailout whatsoever took place? If everybody just sat back and let nature take its course? Thanks in advance for any info.

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Ah, our eloquent president. But who's the sucker going down? The economy? Bush? Everyone who voted for him? All of the above?

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Of this bailout BS? Make a legal protest that will send the wrath of God down their throats. Buy gold (if you can find any). That's the signal to Wall Street that the jig is up.

The COMEX has been bending over backwards to keep the price of gold down. At some point foreigners will dump the dollar for gold, and if you're holding dollars, you'll get stuck with nothing.

Of course, you can't buy gold coins from the Treasury. They just had a run on them and had to stop selling.

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For the last 30 years both Democrats and Republicans have been bowing down and preaching about the "Free Market" as they rolled back regulations; taken to new heights over the last 7 years they have fleeced the American public with a combination of: collusion thru de-regulation, tax breaks, off-shore tax havens, lower taxes on the wealthy, Golden parachute packages, etc.!

Now that the Ponzi scheme is toppling down they have the nerve to want bail-outs! Let's call it a "Market Correction"! Let them sweat a little longer, before any deal is sealed! Congress needs to get a spine and a pair, hold these people accountable for their (Mis)actions, demand some help for homeowners facing foreclosure, and rules and regulations must be put back into place to force these people to walk the line! If they refuse - they loose!

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This article misses the point entirely because the real evil of this proposed "bailout" is not that it helps the degenerate American ruling elite. The real evil of this "bailout" is that it will financially constrain whoever becomes the next president.

The goal of the "bailout" is not to help Wall Street; they are beyond help. The goal is to bankrupt Obama's administration before they ever take office.

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Solve several problems at once. Why give the money directly to the banks? Why not use the money to keep people in their homes?
1. Renegotiate bad mortgages and turn them into fixed interest affordable ones.
2. Pay the minimum to bring each loan into current good standing.

With this plan the banks do get the money but the people benefit too.

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