Uhm, P.A. obviously has no clue what the Hell is even going on here. Frank, all of America is atwitter with excitement and anticipation, awaiting your alternative plan or suggestion, as opposed to what the Congress has agreed to commit to do.....The government coming in for the bailout of these semi-private corporations that are in fact, guaranteed by the federal government.....
On Sep 8, 10:16 pm, Frank <[EMAIL PROTECTED]> wrote: > That's right, where do you draw the line? Ben Bernecke said recently > the Fed is in a position where it is going to have to decide which > banks are propped up by the Fed and which allowed to fail. There is a > huge contradiction which has to be acknowledge. If the Banks are not > propped up the US and the world economy will spiral into oblivion, no > one how many trillions in bad debts have not been declared, however > using taxpayers funds to bail them out is highly undemocratic by its > very nature. What gives the Fed the right to bail out big business > without asking those to whom the funds belong, while workers have no > right to tap into their own resources to help them out their > difficulties. > > Ultimately the bail out does nothing to ease the crisis. The crisis > has developed directly from the polarization of wealth (which is > caused by global factors) that has the result in increasing the > financial burden on the working class beyond their capacity to meet > their basic daily needs. Job layoffs will drive wages down even > further as the army of unemployed grows and business attempts to > maintain its profits in a volatile economy. Neither party can address > this problem as it is of global proportions. > > On Sep 9, 11:49 am, PoliticalAmazon <[EMAIL PROTECTED]> wrote: > > > > > Frank, the fact is if Gaar uses the argument that the two institutions > > are "taxpayer funded" because their bad loans have caused an increase > > in interst rates, then there are many other companies, such as > > CountryWide, which can be defined as "taxpayer funded." > > > ------ > > > On Sep 8, 2:49 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > Gaar, > > > If the GES (which I only understand as a collective term for the two > > > banks) have traded as private enterprises for years, with implicit > > > government backing, in other words government backing was never an > > > absolute or formally guaranteed. it was implied at most. In fact one > > > was introduced as a competitor for the other (can't remember which > > > came first). > > > > Money for the bail out is coming from the treasury, in other words it > > > is tax payers money. It would be nice to see that $2-$300 billion > > > going to the tax payers (seeing it is their money)rather than the > > > banks that helped caused this dilemma > > > > You, yourself have never made claim that these banks are 100% > > > government guaranteed, only now that Palin has egg on her face you are > > > desperately attempting to cover her behind. > > > > everyone in America knows the status of these banks in relationship to > > > guarantees, everyone except for Palin it seems. > > > > On Sep 9, 8:27 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > > You obviously don't know, or even understand what a GSE is... > > > > > Or that the Entity you are talking about was in FACT a Govenment > > > > Agency for 30 YEARS!!!! > > > > > Or that it HAS in FACT cost us, by the increase in INTEREST RATES they > > > > are causing by the Bad Loans they gave out. > > > > > Where the Hell do YOU believe the "Bail Out" money comes from? > > > > > On Sep 8, 3:24 pm, PoliticalAmazon <[EMAIL PROTECTED]> wrote: > > > > > > The scary part is this: she launced right into it, bold as brass, and > > > > > made a fool of herself. She didn't know enough to even keep quiet. > > > > > > ------- > > > > > > On Sep 8, 3:18 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > If she really believed them to be tax payer funded there is nothing > > > > > > to > > > > > > excuse such uninformed ineptness. How can she possibly be put in a > > > > > > position of trust. I must admit I thought Bush was a red neck > > > > > > simpleton the first time I saw him. I yelled out to my wife "come > > > > > > and > > > > > > look at the the redneck that has been elected president of the US on > > > > > > TV." How wrong I was, he has been a consumate president and > > > > > > statesman. > > > > > > > On Sep 9, 6:49 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > > > It was in FACT a Government Agency that was "Privatized"... > > > > > > > > So it was in FACT started by Public Funding, and was even still > > > > > > > considered a "quasi" Governmental Agency even after Privatization. > > > > > > > > Your ignorance of its History notwithstanding. > > > > > > > > On Sep 8, 1:14 pm, PoliticalAmazon <[EMAIL PROTECTED]> wrote: > > > > > > > > >http://www.huffingtonpost.com/2008/09/08/palin-makes-her-first-gaf_n_... > > > > > > > > > On a campaign stop in Colorado, Palin said that FannieMae and > > > > > > > > FreddieMac have gotten too big and expensive to the taxpayers. > > > > > > > > > My God, she couldn't even read the headlines about the takeover? > > > > > > > > > Yep, that's what being a leader of Alaska does for you--makes > > > > > > > > you dumb > > > > > > > > as a freaking box of rocks. > > > > > > > > > No wonder they are keeping her away from real interviewers.- > > > > > > > > Hide quoted text - > > > > > > > - Show quoted text -- Hide quoted text - > > > > > > - Show quoted text -- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. 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