Log In | Register
CHARLIE COURTOIS
I try to put the Lord first, then others, and then myself.
Articles Posted: 153; Links Seeded: 144
Member Since: 8/2008Last Seen: 11/04/2009
Member Since: 8/2008Last Seen: 11/04/2009
15 Votes
46 Comments
Breakthrough Reached in Negotiations on Bailout - NYTimes.com
News Type: Event — Seeded on Sun Sep 28, 2008 6:38 AM EDT
Article Source: The New York Timesadvertisement
"WASHINGTON — Congressional leaders and the Bush administration reached a tentative agreement early Sunday on what may become the largest financial bailout in American history, authorizing the Treasury to purchase $700 billion in troubled debt from ailing firms in an extraordinary intervention to prevent widespread economic collapse"
Here we have the long awaited bailout bill. Now, approvals are needed from the Congress, Monday.
Published to:
- Charlie Courtois's Column, All of Newsvine
- Groups: Centervine, EconVine, Newsvine Community, Nightly News (Old), Open Minded, Political Analysis, Psych, Soc, Philos, RightsVine, The Big 2008 Election, Worldviews
- Regions: New York
 | We gonna need a bigger bucket: Deal Reached in Negotiations on FatCat Bailout | The New York Times | Sun Sep 28 | 3 |
| Breakthrough Reached in Negotiations on Bailout | The New York Times | Sun Sep 28 | 0 |
| FACTBOX: Outline of U.S. Congress' draft bailout plan | Reuters | Sun Sep 28 | 5 |
- Public Discussion (46)
- Public Discussion (0)
- Centervine
- EconVine
- Newsvine Community
- Nightly News (Old)
- Open Minded
- Political Analysis
- Psych, Soc, Philos
- RightsVine
- The Big 2008 Election
- Worldviews
What's this?
Who's leading the conversation?
This visualization below allows you to see the impact that each user
has on the current conversation.
The top row contains the group of users who have had the most impact, the 2nd
row the group of users who have had the 2nd most impact (et cetera).
Users with similar impact are grouped together, and the average score of the group
is shown to the left of the group. The author of the article is also shown on the
left, in their corresponding group.
Each user's score is based on the number of comments the user has made plus the
number of votes their comments have received. The scores are calculated relative
one another, so while their absolute value is not particularly important, their
relative difference does indicate a larger difference in impact on the conversation.
53
7.5
2.6
{"commentId":3181774,"authorDomain":"cbcourtois"}
What will Congress do Monday?
How does everybody feel now?
{"commentId":3181774,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 2 votes
#1 - Sun Sep 28, 2008 6:40 AM EDT{"commentId":3198588,"authorDomain":"cbcourtois"}
A Voters Prayer St. Thomas More (1477-1535) Lord Chancellor of England and Martyr for the Faith
No matter what you believe, God or no God, pray anyway.
Almighty God, Though I am but one individual, my vote is very important. I realize the grave matters that are affected by my choice. Teach me, Lord. I avail myself of the great teachings of my Catholic Church. May my thinking be molded by her rich Tradition. May my intellect be informed by the wisdom of her saints. Give me the courage to place before myself those who are least empowered, for I am responsible for them in as much as I profess to be Your follower. Guide my hand, O Lord. Amen. St. Thomas More, patron of elected officials, pray for us. Amen.
{"commentId":3198588,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
{"commentId":3182100,"authorDomain":"bobneve1"}
The bill includes pay limits for some executives whose firms seek help
That's the part that bothers me the most. The Republicans balked at not allowing those "golden parachutes" to their rich buddies that caused the mess. Now some of these crooks will still walk away with millions laughing at us all the way to the bank. Oh wait they will put thier money in Swiss accounts our banks are too unstable. Wonder what those "pay limits" are? A 10 Mil bonus instead of 30 Mil? Just plain ridiculous.
{"commentId":3182100,"threadId":"371254","contentId":"1924639","authorDomain":"bobneve1"}
- 2 votes
#2 - Sun Sep 28, 2008 7:56 AM EDT{"commentId":3183540,"authorDomain":"cbcourtois"}
Wizeguy,
Now some of these crooks will still walk away with millions laughing at us all the way to the bank
This absolutely makes my blood curdle. I would to know why and who is voting for this obsenity!
{"commentId":3183540,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 2 votes
{"commentId":3192903,"authorDomain":"ElliePhat"}
I must just be "Miss Happy Pants". I saw this as good news. But now that I hear you two cynics, I'm thinkin' I might've smiled too soon. I linked the pay limits with McCain's comments that certainly none of the government-bailed-out-execs should be paid any more than the highest paid person in the federal government (which ain't that high).
But, I'm with you...they should get paid like, say, the guy who works behind the counter at the DMV!
{"commentId":3192903,"threadId":"371254","contentId":"1924639","authorDomain":"ElliePhat"}
- 3 votes
{"commentId":3182143,"authorDomain":"cyan412000"}
sounds like the exact same bill they were working on on monday...my god what a bunch of monkies we have running this country
{"commentId":3182143,"threadId":"371254","contentId":"1924639","authorDomain":"cyan412000"}
- 3 votes
#3 - Sun Sep 28, 2008 8:02 AM EDT{"commentId":3183579,"authorDomain":"cbcourtois"}
Cyan, I'd call them a lot worse than monkeys! This situation is so serious and these people who are supposed to represent us have sold us all down the river, big time.
The crooks get away with highway robbery and, again, the guilty will go free. Disgusting!
{"commentId":3183579,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 2 votes
{"commentId":3188633,"authorDomain":"bcmadden1025"}
{"commentId":3182238,"authorDomain":"christhecanadian"}
Republicans balked at not allowing those "golden parachutes" to their rich buddies that caused the mess
Make a parachute from 100 lbs. of solid gold. Strap it on a "rich buddy", then kick him out of an airplane at 10,000 feet, DB Cooper style. Yell after he drops: "You got your golden parachute! Why are you still screaming?"
Really, this is almost like bad guys shooting your child in front of you, then demanding payment for the bullet!
{"commentId":3182238,"threadId":"371254","contentId":"1924639","authorDomain":"christhecanadian"}
- 2 votes
#4 - Sun Sep 28, 2008 8:14 AM EDT{"commentId":3183613,"authorDomain":"cbcourtois"}
Really, this is almost like bad guys shooting your child in front of you, then demanding payment for the bullet!
Chris, that's better than what I was doing and trying to come up with words to describe it. Your metaphor tells it like it is!
{"commentId":3183613,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
{"commentId":3182302,"authorDomain":"pdeuth"}
I feel violated.
{"commentId":3182302,"threadId":"371254","contentId":"1924639","authorDomain":"pdeuth"}
- 1 vote
#5 - Sun Sep 28, 2008 8:22 AM EDT{"commentId":3183696,"authorDomain":"cbcourtois"}
A resounding, so do I, PDeuth,
The sad part is that we have allowed the crooks to get away with murder over and over again. Now the politicians and legislators will act like this is the best thing since chopped liver. Monday they will thumping their chests and shouting into the microphones what a good job they did.
Nobody in the right mind can allow this to pass like it is, I hope.
{"commentId":3183696,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
{"commentId":3182547,"authorDomain":"travelbizcash"}
Bend over and smile cause taxpyaers you are getting it in the "Fannie May" again!!
Thanks republicans you greedy bunch of scum
{"commentId":3182547,"threadId":"371254","contentId":"1924639","authorDomain":"travelbizcash"}
- 2 votes
#6 - Sun Sep 28, 2008 8:52 AM EDT{"commentId":3182634,"authorDomain":"comeonpeople"}
Dan, you're my soulmate! I love your sense of humor. I wish more than anything we could go to the White House and shove that bill up their "Fannie May". Why in the hell are we letting a guy who left his last job with $30 million decide how are money is going to be spent? I swear I feel like I am in some sort of acid-induced nightmare.
{"commentId":3182634,"threadId":"371254","contentId":"1924639","authorDomain":"comeonpeople"}
- 1 vote
{"commentId":3182703,"authorDomain":"bobneve1"}
I swear I feel like I am in some sort of acid-induced nightmare.
Whoa!!!! And I thought it was me...whew...
Thanks Dudette!!!
{"commentId":3182703,"threadId":"371254","contentId":"1924639","authorDomain":"bobneve1"}
- 1 vote
{"commentId":3183725,"authorDomain":"cbcourtois"}
Dan,
At 72, I am sick and tired of doing that.
Nice tie in with the "Fanny." :) :)
{"commentId":3183725,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
{"commentId":3183329,"authorDomain":"cyan412000"}
I encourage all to read this article on what is TRUE money in this country and how we can fight back against being the slaves of the IRS and the Federal Reserve system.
I have read it over and over...and makes perfect sense that we are not paid money by law...we therefore really have no income as defined by USC 26 the code the IRS always says that you owe them.
in the rush to enslave people in 1913 and through the years there has been many fatal mistakes on the money changers part.
Read it.. i think its the people only chance to be free from debt
{"commentId":3183329,"threadId":"371254","contentId":"1924639","authorDomain":"cyan412000"}
- 1 vote
#7 - Sun Sep 28, 2008 9:59 AM EDT{"commentId":3183779,"authorDomain":"cbcourtois"}
in the rush to enslave people in 1913 and through the years there has been many fatal mistakes on the money changers part.
I second that motion, but what do we do if Congress passes it? Cyan.
{"commentId":3183779,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
#8 - Sun Sep 28, 2008 10:38 AM EDT{"commentId":3184697,"authorDomain":"cyan412000"}
read that article i for one think that is a great legal arguement for NOT paying taxes..you are paid with debt securities not money.
therefore you have no income as money only income as debt securities...which title 26 says...it aint money honey
{"commentId":3184697,"threadId":"371254","contentId":"1924639","authorDomain":"cyan412000"}
- 1 vote
{"commentId":3183786,"authorDomain":"myriver"}
I'm on pins and needles. Will be very surprised if this goes well.
{"commentId":3183786,"threadId":"371254","contentId":"1924639","authorDomain":"myriver"}
- 1 vote
#9 - Sun Sep 28, 2008 10:38 AM EDT{"commentId":3183845,"authorDomain":"cbcourtois"}
I am with you River, this is even worse than I feared last a week ago Friday when I read the news.
Got a leave for church be back later.
{"commentId":3183845,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
#10 - Sun Sep 28, 2008 10:43 AM EDT{"commentId":3184521,"authorDomain":"maria-kirchner"}
What does this mean for us.How much is coming out of our pockets and when we supposedly make money when and how do we get it back? You watch,McCain will now come out after waiting all week to get involved and say"I reached across party lines to get this done".Obama called all week from day one and did not boast about it.If McCain comes out and makes that statement it will be like a slap in the face for those that HAVE been working on this day and night.
{"commentId":3184521,"threadId":"371254","contentId":"1924639","authorDomain":"maria-kirchner"}
- 1 vote
#11 - Sun Sep 28, 2008 11:36 AM EDT{"commentId":3184719,"authorDomain":"cyan412000"}
i do not think it will pass..the dems have the votes for it...but they wont do it alone...bush and the boys want it bipartisian...meaning they are both to blame when @!$%# hits the fan which it will.
japan did the same thing in the 90's and they say this has never been done before? my ass
{"commentId":3184719,"threadId":"371254","contentId":"1924639","authorDomain":"cyan412000"}
- 1 vote
{"commentId":3187577,"authorDomain":"cbcourtois"}
What does this mean for us. How much is coming out of our pockets and when we supposedly make money when and how do we get it back?
That is the $64 thousand dollar question?, Maria.
It rather depends on how valuable or invaluable the assets are that the government seized. The promise of payment by Uncle Sam will prevent the fire sale prices hat would happen if the U.S. does not guarantee the liquidity of the debt instruments.
What we get back will equal the difference between what we bought and what we sell it for finally. You certainly won't get a check in the mail! :) :)
{"commentId":3187577,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
{"commentId":3187640,"authorDomain":"cbcourtois"}
Maria,
The sad part is that both political parties are playing their usual partisan games. I fear that the country will get and probably already is fed-up with game playing. That will cause a giant indifference with many who will not show to vote. We already have poor voting participation for a peaceful Democracy.
{"commentId":3187640,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
{"commentId":3185958,"authorDomain":"cyan412000"}
amazing they go to the experts like warren buffet...lol he has everything to gain by the bailout..how stupid are these people in congress...getting advice from a bottomfeeder that made his money on others pain.
why not some of the great economists in harvard,yale,duke universities that say this is a bad deal...course they do not want to hear the truth, they are just in fear spewing mode.
my god vote these ignorant asses out of office today.
{"commentId":3185958,"threadId":"371254","contentId":"1924639","authorDomain":"cyan412000"}
- 1 vote
#12 - Sun Sep 28, 2008 1:20 PM EDT{"commentId":3187464,"authorDomain":"cbcourtois"}
amazing they go to the experts like warren buffet...lol he has everything to gain by the bailout..how stupid are these people in congress...getting advice from a bottomfeeder that made his money on others pain.
Cyan, I think Warren has a conflict of interest - - in a big way! That is like putting the Fox in charge of the henhouse.
{"commentId":3187464,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
{"commentId":3186431,"authorDomain":"monger-1"}
The only thing I do not understand is why the "RepoCrats" need to run two candidates for President. It would save Wall Street a ton of money to buy just one.
{"commentId":3186431,"threadId":"371254","contentId":"1924639","authorDomain":"monger-1"}
- 2 votes
#13 - Sun Sep 28, 2008 1:52 PM EDT{"commentId":3187428,"authorDomain":"cbcourtois"}
We would call that a "Plutocratship," Onger, probably could work better than what we are doing now. Grin :)
{"commentId":3187428,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
{"commentId":3187386,"authorDomain":"cbcourtois"}
Ezeques,
japan did the same thing in the 90's and they say this has never been done before? my ass
Prior to Japan have to retool their system, I recall clearly that the controlling families did not want to admit they had bad paper. I know that much and I remember their stock market was flat for many years; Newt Gingrich mentioned the other night that it was 14 years.
The current bailout is so colossal that it never has been done. I am sure thee have been mini-baliouts but not like this.
{"commentId":3187386,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 2 votes
#14 - Sun Sep 28, 2008 3:02 PM EDT{"commentId":3187869,"authorDomain":"qeckit"}
Just say no to bailout. It will not work and we will be that much further in the hole just let who needs to fail, fail. There is nothing about Main Street getting help with some of this money, only the fat pigs on wall street.
{"commentId":3187869,"threadId":"371254","contentId":"1924639","authorDomain":"qeckit"}
- 2 votes
#15 - Sun Sep 28, 2008 3:37 PM EDT{"commentId":3190193,"authorDomain":"mbs1960"}
{"commentId":3190291,"authorDomain":"cbcourtois"}
I can't straddle the fence. They are fats pigs just like you say Sam, whether we like or not the bailout needs to happen, and then start getting rid of those who caused it.
The corrupt, greedy corporations of our country. We need a fighter in the Oval office.
Does anybody believe McCain and Palin can and will fight if they get there?
{"commentId":3190291,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 3 votes
#17 - Sun Sep 28, 2008 6:54 PM EDT{"commentId":3191619,"authorDomain":"cyan412000"}
Does anybody believe McCain and Palin can and will fight if they get there?
no i dont..i dont think Obama can either...the last great president we had for the people was John F Kennedy..and we all know what happened to him when he stood up against the system.
sorry that this is long but i think very important:
On June 4, 1963, a virtually unknown Presidential decree, Executive Order
11110, was signed with the authority to basically strip the Federal Reserve
Bank of its power to loan money to the United States Federal Government at
interest. With the stroke of a pen, President Kennedy declared that the
privately owned Federal Reserve Bank would soon be out of business. The
Christian Common Law Institute has exhaustively researched this matter
through the Federal Register and Library of Congress and can now safely
conclude that this Executive Order has never been repealed, amended, or
superceded by any subsequent Executive Order. In simple terms, it is still
valid.
When President John Fitzgerald Kennedy - the author of Profiles in
Courage -signed this Order, it returned to the federal government,
specifically the Treasury Department, the Constitutional power to create and
issue currency -money - without going through the privately owned Federal
Reserve Bank.
President Kennedy's Executive Order 11110 [the full text is displayed
further below] gave the Treasury Department the explicit authority:
"to issue silver certificates against any silver bullion, silver, or
standard silver dollars in the Treasury."
This means that for every ounce of silver in the U.S. Treasury's vault, the
government could introduce new money into circulation based on the silver
bullion physically held there. As a result, more than $4 billion in United
States Notes were brought into circulation in $2 and $5 denominations. $10
and $20 United States Notes were never circulated but were being printed by
the Treasury Department when Kennedy was assassinated. It appears obvious
that President Kennedy knew the Federal Reserve Notes being used as the
purported legal currency were contrary to the Constitution of the United
States of America. "United States Notes" were issued as an interest-free and
debt-free currency backed by silver reserves in the U.S. Treasury.
In the illustrations below, a "Federal Reserve Note" issued from the
private central bank of the United States (the Federal Reserve Bank a/k/a
Federal Reserve System), is compared with a "United States Note" from the
U.S. Treasury issued by President Kennedy's Executive Order. They almost
look alike, except one says "Federal Reserve Note" on the top while the
other says "United States Note". Also, the Federal Reserve Note has a green
seal and serial number while the United States Note has a red seal and
serial number.
President Kennedy was assassinated on November 22, 1963 and the United
States Notes he had issued were immediately taken out of circulation.
Federal Reserve Notes continued to serve as the legal currency of the
nation. According to the United States Secret Service, 99% of all U.S. paper
"currency" circulating in 1999 are Federal Reserve Notes.
Kennedy knew that if the silver-backed United States Notes were widely
circulated, they would have eliminated the demand for Federal Reserve Notes.
This is a very simple matter of economics. The USN was backed by silver and
the FRN was not backed by anything of intrinsic value. Executive Order 11110
should have prevented the national debt from reaching its current level
(virtually all of the nearly $9 trillion in federal debt has been created
since 1963) if LBJ or any subsequent President were to enforce it. It would
have almost immediately given the U.S. Government the ability to repay its
debt without going to the private Federal Reserve Banks and being charged
interest to create new "money". Executive Order 11110 gave the U.S.A. the
ability to, once again, create its own money backed by silver and real value
worth something.
Again, just five months after Kennedy was assassinated, no more of the
Series 1958 "Silver Certificates" were issued either, and they were
subsequently removed from circulation.
Perhaps the assassination of JFK was a warning to all future
presidents not to interfere with the private Federal Reserve's control over
the creation of money
{"commentId":3191619,"threadId":"371254","contentId":"1924639","authorDomain":"cyan412000"}
- 1 vote
{"commentId":3191666,"authorDomain":"mbs1960"}
{"commentId":3192401,"authorDomain":"cbcourtois"}
Charles we truly ARE asking the 'ARSONIST' to please put out the Fire...That makes me suspicious
The whole mess you just wrote about so well resurfaces all the anger and frustration I harbored over the years, AMR, and it makes me suspicious too. There is no doubt that your "Arsonist" putting out the "Fire" is profoundly relevant.
My twist is to vote your conscience, and after the election we need to prosecute the criminals, sentance them, and put them in jail. Period! Next, any Senators and Representatives who refuse to cooperate in the effort to bring about proper change, we ned to hound out of office. Absolutely, no more business as usual. We need serious action as soon as the election is over.
The system is corrupt, plain and simple. If the people don't rise up peacefully and protest the corruption we will repeat this hideous nightmare all over again. Thanks for your input.
{"commentId":3192401,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 3 votes
{"commentId":3192595,"authorDomain":"mbs1960"}
{"commentId":3192720,"authorDomain":"cbcourtois"}
no i dont..i dont think Obama can either...the last great president we had for the people was John F Kennedy..and we all know what happened to him when he stood up against the system.
AMR, we stand in agreement on that.
We should make life miserable for all elected officials for the pain they have unleashed upon us!
And, we should hound them until they do our will. Punish the corrupt, make the laws fair, and return our American pride and dignity back to the people. No ifs, ands, or butts.
{"commentId":3192720,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 3 votes
{"commentId":3192612,"authorDomain":"cbcourtois"}
Cyan,
no i dont..i dont think Obama can either...the last great president we had for the people was John F Kennedy..and we all know what happened to him when he stood up against the system.
We both agree. So, that leaves us to vote our conscience and take action as I wrote above.
In the Kennedy years I was a business man in Germany in the import/export business managing a small German G.M.B.H. (reduced liability corporation, 50 employees) When DeGaule and Krustchov(spelling) demanded Gold for their U.S. currency their was quite a hullabalu in Europe about it. A couple of months later there was a tiny blip of an article in the Paris NY Times that stated the Gold standard was no longer, and I was appalled that we simply went off the gold-backed currency standard.
In those days the Dollar was king. The Yen was very stable at 360 per dollar. Switzerland was super solid at 2.2 per dollar. The rest of the currencies were too risky for me; so, we bartered merchandise.
I mention this only because the change shocked me; but I had only German executives that I was around and discussing currency was embarrassing to the Germans in those years.
Your rendition above brings back those horrible times. I was making a lot of money in those times and as an entrepreneur I was a conservative republican, and was a happy little political moron. Now that I am retired I read and think about these things. Thanks for the overview.
{"commentId":3192612,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 3 votes
#18 - Sun Sep 28, 2008 10:20 PM EDT{"commentId":3196061,"authorDomain":"christhecanadian"}
"The refusal of King George III to allow the Colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the Revolution."
- Benjamin Franklin
{"commentId":3196061,"threadId":"371254","contentId":"1924639","authorDomain":"christhecanadian"}
- 3 votes
#19 - Mon Sep 29, 2008 6:53 AM EDT{"commentId":3198552,"authorDomain":"cbcourtois"}
Well Ellie,
It was good new and bad news. As it is turning out, and we still don't know, the whole country is being sold down the river. "Everyman for himself and the devil gets the hindmost", as my mom always used to say.
{"commentId":3198552,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
#20 - Mon Sep 29, 2008 10:05 AM EDT{"commentId":3200453,"authorDomain":"cyan412000"}
This whole thing was the biggest staged event in history and people are falling for it.
1. paulson comes forth looking for 700 billion no questions, paulson and the bush administration knows this isnt going to fly..but thats the start of the dupin of people.
2. congress which already knew this was coming in advance anyway..says hold on what about oversight etc...staged to look like they care about YOU.
3. end game is they still end up 700 billion ahead...the gane had to be played to dupe the people that they were getting something for it.
What are we getting? bad debt that can not be valued or sold...so how would they know they will make money when nobody knows whats in them.
this was a staged well planed game by the elected officals...period.
no much differently than what was sold to the people about the federal reserve act of 1913..."it will be good for you" you wont have to worry.
{"commentId":3200453,"threadId":"371254","contentId":"1924639","authorDomain":"cyan412000"}
#21 - Mon Sep 29, 2008 11:26 AM EDT{"commentId":3201510,"authorDomain":"cbcourtois"}
Cyan,
This whole thing was the biggest staged event in history and people are falling for it.
If you are right, and now that you mention it, it is beginning to feel like your are right.
1. paulson comes forth looking for 700 billion no questions, paulson and the bush administration knows this isnt going to fly..but thats the start of the dupin of people.
Well, Bush, has nothing to lose except his historical significance, but in my heart I don't believe Bush would do that intentionally. He was raised right!
2. congress which already knew this was coming in advance anyway..says hold on what about oversight etc...staged to look like they care about YOU.
I agree they, Congress, knew it was coming. Every soul with a wit of sense knew something needed to be done. It's pretty cynical to believe that the whole thing was planned. Maybe this is how it works in a two party system and we outsiders are not smart enough to know we are being duped, as you say.
3. end game is they still end up 700 billion ahead...the gane had to be played to dupe the people that they were getting something for it.
The highest stake game in the world, playing out in front our eyes.
What are we getting? bad debt that can not be valued or sold...so how would they know they will make money when nobody knows whats in them.
That is so true that even non financial people can figure it out. Bad debt is bad debt, no matter how you slice it.
this was a staged well planed game by the elected officals...period.
I don't buy it, that it was premeditated; if more than three thought they could plan such a sham there would have been an irresolvable argument . The Congressional solution is always to throw you know what on the wall, and see what sticks.
no much differently than what was sold to the people about the federal reserve act of 1913..."it will be good for you" you wont have to worry.
Probably right from a 20/20 hindsight perspective, but don't give our august legislators too much credit; the game is still playing out!
0
!
#21 - Mon Sep 29, 2008 11:26 AM EDT
{"commentId":3201510,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
{"commentId":3200857,"authorDomain":"cbcourtois"}
Yes, Chris the Canadian,
Ignorance is bliss, and if we continue to ignore History, like England's plight during George III's time , the U.S. is doomed to fall into the same abyss. And, lord knows we all run around mightily blissful these days.
{"commentId":3200857,"threadId":"371254","contentId":"1924639","authorDomain":"cbcourtois"}
- 1 vote
#22 - Mon Sep 29, 2008 11:43 AM EDT{"canLink":false,"threadId":"371254","isPrivate":false}
You're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
As a new user, you may notice a few temporary content restrictions. Click here for more info.
Start Tracking
Stop TrackingCOMPANY STUFF:
LEGAL STUFF:
- © 2005-2009 Newsvine, Inc. |
- Newsvine® is a registered trademark of Newsvine, Inc. |
- Newsvine is a property of
