Comments on: Treasury explains how it came up with $700 billion: We just wanted ‘a really large number.’

By: Americawins01

Americawins01 — Fri, 26 Sep 2008 13:54:42 +0000

I am suprised I haven’t seen anyone discussing how this is exactly what happened twice to this country already in the early 1900’s. If anyone wants a wake up call I have two things you can take a look at and form your own opinion from there. I dont advise blindly following anyones opinion or anything without looking into it themselves but here, http://video.google.com/videosearch?hl=en&q=zeitgeist&oe=UTF-8&um=1&ie=UTF-8&sa=N&tab=wv&oi=property_suggestions&resnum=0&ct=property-revision&cd=1# and http://video.google.com/videosearch?hl=en&q=america+freedom+to+fascism&oe=UTF-8&um=1&ie=UTF-8&sa=N&tab=wv&oi=property_suggestions&resnum=0&ct=property-revision&cd=1# . I suggest at least taking the time to watch those documentaries. If your eyes aren’t open yet they will be.

By: the Lone Voice of Reason

the Lone Voice of Reason — Thu, 25 Sep 2008 13:30:21 +0000

They can’t do the math accurately to figure this thing out because it’s a flux state, will the value be 6 cents on the dollar or 60 cents? So why not go big because they just want to shove it down our throat as fast as they can before we realize how rank the whole thing is.
And why is it no one is saying anything about legal repercussions for the *^%#$ who ran them into the ground in the first place?
I would at least like the satisfaction of seeing someone in charge going down for this if I and my kids have to pay for the damn thing.

By: shoeless

shoeless — Thu, 25 Sep 2008 12:29:42 +0000

Could they tell the banks they are only getting $1 and just change the font on the memo to make it really large.

By: GeorgeM

GeorgeM — Thu, 25 Sep 2008 09:59:49 +0000

I think it is pretty clear. They are seizing an opportunity (one I doubt they orchestrated; they’re not that bright).

But there IS a goal!!

To drive the LAST NAIL into the coffin of our Government.

This is, pure and simple, TREASON.

But it has the intended effect. It will destroy Social Security, health care reform, Medicare and Medicaid and ANYTHING that does not serve the feudal masters of the corporatocracy.

They get the money. We get the shaft.

And it is the CULMINATION of the repugnican philosophy to destroy the United States government.

By: wizard2000

wizard2000 — Thu, 25 Sep 2008 08:26:26 +0000

Treasury Secretary Paulson must be really desperate to help out his multi-millionaire CEO pals at Goldman Sachs, as well as at other Wall Street firms, for him to lie the way he did at the congressional hearing, playing dumb about Section 8, repeatedly claiming he’s for oversight even though Section 8 denies any oversight.

(NOTE: In bygone U.S. Army terminology, Section 8 referred to someone being discharged from service for being mentally unfit or for displaying character traits deemed undesirable. Wow, what a coincidence!! The Section 8 designation was split into Section Bush and Section Cheney, respectively…really. Would I lie?).

Anyway, I trace this entire Republican-created Wall Street fiasco back to Bush’s “ownership society” scheme.

I bet that there is a study somewhere (probably compiled at one of the right-wing think tanks) indicating that “owners of property” tend to be more conservative and therefore tend to vote more often for Republicans instead of Democrats.

Some Republican strategist (Karl Rove?) hit upon the idea that increasing home ownership would swell the ranks of Republican-leaning voters.

This is why federal and Wall Street regulations were relaxed, making it possible for a whole lot of credit-overextended, collateral-challenged potential home owners to realize the American dream of owning a home…but with many of these people now foreclosed on or facing foreclosure.

At least that’s my theory.

Now, although I know it’s too late and won’t help, I’m going to paint some lipstick on my piggy bank.

By: Johnsnottoodistracted

Johnsnottoodistracted — Thu, 25 Sep 2008 08:22:13 +0000

That was roveroolala slimes

By: Johnsnottoodistracted

Johnsnottoodistracted — Thu, 25 Sep 2008 08:20:11 +0000

Watch how the plan unfolds.
Remember roveroolala said this election will be decided by events.
As the looting liers continue the citizens lose badly either way but: dems stall and it’s their fault. The dems get the full force from the media as the bad guys.
If dems don’t go along it’s now the dem depression and roveroolala slims another generation.
Dems do go along and the economy recovers immediately for 45 days, bushcon looting liers win, old pardon guy is hand carried into office, pardons everyone, resigns for supprise health reasons and the circus keeps on getting more thrilling.
The head bushcon is correct on this one: be real skaart.

By: SKdeA

SKdeA — Thu, 25 Sep 2008 06:45:42 +0000

I’ll take the 2000…
rather than hand it over to some overfed CEO…

By: The Republic of Stupidity

The Republic of Stupidity — Thu, 25 Sep 2008 04:29:17 +0000

Jess Wonderin Says:

Bush wanted eleventy billion . . . .
____________

I think you left out a couple of decimal points and some zeros in that figure.

Bush wanted eleventyleven billion… or perhaps even a kazillion billion… you know what they say… when you’re next stop is a cell at the Hague, you might as well go big or don’t go at all!

By: Game of Life

Game of Life — Thu, 25 Sep 2008 04:14:47 +0000

Gawd, Sen. Obama is playing as if these repugs are on the up and up.

repugs pull all kinds of sh1t from their asses.

By: Jess Wonderin

Jess Wonderin — Thu, 25 Sep 2008 04:11:41 +0000

Bush wanted eleventy billion . . . .

By: had enough

had enough — Thu, 25 Sep 2008 03:40:43 +0000

Mr. Evil Says:

I’ve been thinking about this situation. What if this is nothing but a ruse,

With all the previous actions and the fact Paulson wanted to get this done right away and no over sigh, what else can one believe. One last money theft before Obama takes over.

By: Another Joe

Another Joe — Thu, 25 Sep 2008 03:33:48 +0000

Mr. Evil – good point. Sounds about as likely as that crazy conspiracy theory where a man on a dialysis machine in a cave uses cell-phones to mastermind a set of hijacked airplanes that are flown into buildings, defeating the most worlds most sophisticated air-traffic control system and powerful military.

Geee… didn’t someone make BILLIONS AND BILLIONS off of that too? And didn’t they tell us it’s impossible to track where the money when?

Like profits on the insider trading on advanced knowledge of the attacks cannot be traced? The money was just secretly paid off?

They got away with that one, folks, this one is child’s play by comparision.

By: had enough

had enough — Thu, 25 Sep 2008 03:29:13 +0000

#
#
katy Says:

you too, had enough… thanks.

… gawd, how embarrassing…

*sigh*
September 24th, 2008 at 10:19 pm

I’m not into math but do remember the zero rule… add the zeros when x them… which is twelve… to see how many 12 zeros is I found the chart. No one knows this crap. I responded to another post as yours last night with this chart as the 1 million for everyone is going around the web. This morning, a caller on Thom Hartman’s show brought it up, which irritated him as he IS probably a math whiz and he quoted some number such as 2,000 for all if 700 billion was divided into 300 million.

By: sacopenapa

sacopenapa — Thu, 25 Sep 2008 03:27:40 +0000

These irresponsible, imoral criminals should be arrested imediatly! They are using TAX payers money to fix their greedy irresponsible behaviour! What happened to the USA?

By: tbone

tbone — Thu, 25 Sep 2008 03:11:00 +0000

Yep. It truly is amazing. For months if not years we have been hearing about confidence and how important it is to the market. You can’t talk negatively about the market because that will erode confidence and lead to further trouble. Yet in the last week, it is now panic time and we arbitrarily chose a number to remedy the situation. On top of it, we must suspend the campaigns. None of it makes sense from a logical perspective – at least with the information we have.

By: Mr Blifil

Mr Blifil — Thu, 25 Sep 2008 03:03:41 +0000

Game. Set. Match.

This was never a serious proposal. The “court review” language was a poison pill which would have assured it’s never having been implemented, no matter the terms.

This is all just dithering while Rome burns, trying to buy the bad actors as much time as possible. The question is where will they go, and what will they do with that time?

By: Mr. Evil

Mr. Evil — Thu, 25 Sep 2008 03:02:21 +0000

OT but, watch David Letterman tonight. He catches John McLiar in another lie. McLiar was supposed to be on Letterman (as it is taped earlier in the day) and backed out siting his need to go to Washington to work on the financial crisis. Well, David caught him giving an interview with Katie Couric at the time he was supposed to be on his show. What’s even better is that Letterman got Keith Olbermann to replace McLiar. This should be fun.

By: Mr. Evil

Mr. Evil — Thu, 25 Sep 2008 02:59:16 +0000

I’ve been thinking about this situation. What if this is nothing but a ruse, you know, like Iraq and it’s imminent attack on the US with it’s WMD’s. What if its nothing but a Enron-type, big party book cooking event. Since the large financial institutions sense that Obama will become president and that several seats in congress will go to Democrats this election, prompting them to believe that more serious regulation is on the way, why not have one more neocon inspired boondoggle to siphon off as much free money as they can get? “We just wanted to choose a really large number.” Well, don’t sell yourself short. Why not ask for $800 Billion? Shit, why not try for the big T, One Trillion Dollars! The smell is becoming more and more apparent and with more information coming out every day its beginning to reek of a putrid stench. There is something obscenely wrong with this entire picture. I say no to the bailout or whatever they want to call it. I call it a big screw job straight up our collective asses!

By: The Republic of Stupidity

The Republic of Stupidity — Thu, 25 Sep 2008 02:56:02 +0000

Lemme get this straight…

All week long these di*kweeds have been running around, screeching “the sky is falling, the sky is falling” at the top of their lungs.

We, in turn, were supposed to be SOOOOOO F-in’ scared, we were gonna immediately, no questions asked, no review, no oversight, no chance of a ghost of even asking, “What are you doing w/ ALL THAT MONEY”…

FORK OVER $700,000,000,000 to these SOBs from hell… IMMEDIATELY…

And… now… they’ve got the gall to say, “Well, we used used a really, really, really big number to scare you all… we really don’t know how much we’ll need… BUT, won’t you please give us the money, no strings attached… please-please-please-please, w/ sugar on top?”

Just when you think these BEEEE-ACHTS couldn’t top themselves… they do.