tag:blogger.com,1999:blog-6325219138869173743.post7739889940699032849..comments2023-08-06T05:52:29.692-04:00Comments on Keep It Trill: AIG Bailout: We Are Getting Sucked Dry By Spooks Now Barely Disguised As VampiresKit (Keep It Trill)http://www.blogger.com/profile/03027769872237001801noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-6325219138869173743.post-85406377659518607052008-09-26T15:13:00.000-04:002008-09-26T15:13:00.000-04:00I think it's a coup d'état.<B>I think it's a <I>coup d'état.</I></B>Kit (Keep It Trill)https://www.blogger.com/profile/03027769872237001801noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-13273210485526119852008-09-26T15:08:00.000-04:002008-09-26T15:08:00.000-04:00"In the biggest bank failure in U.S. history, the ...<B><BR/>"In the biggest bank failure in U.S. history, the Federal Deposit Insurance Co. seized Washington Mutual's assets Thursday. The FDIC then quickly sold most of WaMu (that's assets and liabilities) to JPMorgan." (<A HREF="http://finance.yahoo.com/tech-ticker/article/73415/Run-on-Bank-Helped-Kill-WaMu%2C-But-Your-Money-Is-Safe" REL="nofollow">Yahoo News</A>)</B><BR/><BR/>LMAO JPMorgan really is consolidating alotta financial power arent theyJay Midnytehttps://www.blogger.com/profile/00704137076150237058noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-80495353281682766682008-09-26T02:19:00.000-04:002008-09-26T02:19:00.000-04:00Chauncey, thanks. Except for those in the top 1 to...<B>Chauncey</B>, thanks. Except for those in the top 1 to 10% of those with wealth and power, they rest of the pigs at the trough may have outsmarted themselves at everyone's expense.<BR/><BR/><B>Jay Midnite</B>, Agreed, Paulson has too much power. Makes me think he's pimping the tax payers. Regarding our devalued paper dollars, I wonder if it will get as bad as it did in Germany during the Great Depression, when they used theirs to keep the fire going in the fireplace for warmth.<BR/><BR/><B>Emeritus</B>, Thanks for sharing those words from Rep. Sanders. Burns me up more than I can say that they've lied forever that poverty can't be wiped out and that's not enough money for social programs and education, and suddenly it's available - for filthy rich. <BR/><BR/><B>Faith</B>, I don't know... we may not have as far to fall, but becoming the underclass in a chaotic Third World nation would be a nightmare that I can barely imagine. I pray we don't come to that.Kit (Keep It Trill)https://www.blogger.com/profile/03027769872237001801noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-68100072062996913072008-09-26T01:03:00.000-04:002008-09-26T01:03:00.000-04:00This is some scary stuff and we have no idea what'...This is some scary stuff and we have no idea what's really going on. Are we really meant to? I mean historically every superpower falls. I think it's our time. Since Black people are at the bottom already we won't have that far to fall. The white people are gonna totally lose it though. Too bad. Welcome to the real world without white privilege.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-39772934255449015332008-09-26T00:19:00.000-04:002008-09-26T00:19:00.000-04:00here's an email I got from my friend today. all it...here's an email I got from my friend today. all it said was this:<BR/><BR/>For years now, they’ve told us that we can’t afford—that the government providing healthcare to all people is just unimaginable; it can’t be done. We don’t have the money to rebuild our infrastructure. We don’t have the money to wipe out poverty. We can’t do it. But all of a sudden, yeah, we do have $700 billion for a bailout of Wall Street. —Senator Bernie Sanders (D-Vermont)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-67342217705970853042008-09-25T18:07:00.000-04:002008-09-25T18:07:00.000-04:00The worst part isn't even the bailout, it's the fa...The worst part isn't even the bailout, it's the fact that in the plan, Henry Paulson (Treasury Secretary) would be granted <B>immunity</B> from any consequences associated with it:<BR/><BR/><B>"The most egregious part of the proposed bailout is that it allows Paulson to dole out the funds and deal with the toxic waste without any judicial oversight and with full immunity from any criminal prosecution. This means he can pay par with your hard-earned money, and then when it becomes clear that the cess-pool-paper is only worth a small fraction of par, he can pawn it off to his cronies at bargain basement prices, thus distributing any profits to the elitists as they see fit, and the American people can go spit in the wind." (<A HREF="http://www.theinternationalforecaster.com/International_Forecaster_Weekly/A_700_Billion_Bailout_With_No_Review_or_Oversight_Whatsoever" REL="nofollow">International Forecaster</A>)<BR/><BR/>Sept. 21 (Bloomberg) -- The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets. <BR/><BR/>Through his plan, Treasury Secretary Henry Paulson aims to avert a credit freeze that would bring the financial system and the world's largest economy to a standstill. The bill would prevent courts from reviewing actions taken under its authority. <BR/><BR/>``He's asking for a huge amount of power,'' said Nouriel Roubini, an economist at New York University. ``He's saying, `Trust me, I'm going to do it right if you give me absolute control.' This is not a monarchy.'' (<A HREF="http://www.bloomberg.com/apps/news?pid=20601087&sid=acVoMK3FiuqQ&refer=home" REL="nofollow">Bloomberg</A>)</B>Jay Midnytehttps://www.blogger.com/profile/00704137076150237058noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-48408863404806901082008-09-25T18:05:00.000-04:002008-09-25T18:05:00.000-04:00damn, i learned something new today. i am going to...damn, <BR/><BR/>i learned something new today. i am going to have to re-up my research. you are right though this is one hell of a transfer of resources, and the rich get it twice. wealth inequality and tax policies fattened their wallets, then when the policies fail their risk is removed because this is a market economy and we are all at risk.<BR/><BR/>smart gamesmanship on their part!!!<BR/><BR/>chauncey dchaunceydevegahttps://www.blogger.com/profile/09652406326490873337noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-75828205279831764352008-09-25T18:00:00.000-04:002008-09-25T18:00:00.000-04:00Even though it'll hurt the dollar and contribute t...Even though it'll hurt the dollar and contribute to inflation, it will cause a positive rally on Wall Street and money will be made. <BR/><BR/>It's just that every time they give these bailouts, the subsequent rally on Wall Street is shorter and the decline after the rally hits much harder with a bank or two failing in the end lol<BR/><BR/>So those gold and silver bullion coins are screaming BUY ME NOW while the Central Banks manipulate the market and keep the commodities and precious metals suppressed. And when hyperinflation hits, we'll be left holding on to those green worthless pieces of paper, and the "conspiracy theorists" will be laughing like shit.Jay Midnytehttps://www.blogger.com/profile/00704137076150237058noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-38722142072216918012008-09-25T08:08:00.000-04:002008-09-25T08:08:00.000-04:00Yeah, I can picture him trying to wiggle some cred...Yeah, I can picture him trying to wiggle some credit out anything that can pass for a solution.Kit (Keep It Trill)https://www.blogger.com/profile/03027769872237001801noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-49969030807078512202008-09-25T02:58:00.000-04:002008-09-25T02:58:00.000-04:00Kit, you're scaring me even worse that those white...Kit, you're scaring me even worse that those white people on my TV are doing.<BR/><BR/>LOL<BR/><BR/>Seriously, what you say makes sense about AIG being some old skool spy vs. spy shit. Those Rothschild bankers made money on both sides of the fence back then.<BR/><BR/>And they still do today.<BR/><BR/>McCain thinks he's slick. Watch, if they pass this, or when they do, he's gonna take credit for itas if it wasnt gonna happen until he showed up.RiPPahttps://www.blogger.com/profile/08876723972974044402noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-27050155623236284712008-09-25T01:42:00.000-04:002008-09-25T01:42:00.000-04:00*puffs out chest**laughs*Nah, I'm not always right...*puffs out chest*<BR/>*laughs*<BR/>Nah, I'm not always right. I really missed the ball back in May when I guessed that Hillary would defect to the GOP and be his VP. She didn't, but I betcha she entertained the idea. <BR/><BR/>Otherwise, they knew. How could the key players who designed the game possibly know less than me?<BR/><BR/>I've had a lot of free time and I'm a news junkie whose been following the trends for years, and I think my age and background in working with devious human behavior has been a major plus.Kit (Keep It Trill)https://www.blogger.com/profile/03027769872237001801noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-66040457312755027212008-09-25T00:21:00.000-04:002008-09-25T00:21:00.000-04:00Kit, have you heard Bush's warning? He's hinting a...Kit, have you heard Bush's warning? He's hinting at a Great Depression, just like you predicted in July. I reread your Sliding Into The Rabbit Hole series and Black Monday to Black Autumn post tonight. How come you knew and they act like found out this week? <BR/><BR/>I'm withdrawing most of my money tomorrow until this disaster is over. Thanks for warning us.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-80695924166383812212008-09-24T23:58:00.000-04:002008-09-24T23:58:00.000-04:00Yeah, they remind me of time share salesmen. High ...Yeah, they remind me of time share salesmen. High pressure, urgency, gotta act now or the opportunity will pass and you'll be full of regret! They have the global financial world at the edge of their seats, waiting for the ink to hit the paper as though signing off on this bailout will stop this train wreck. They make David Blaine look like an amateur.Kit (Keep It Trill)https://www.blogger.com/profile/03027769872237001801noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-946880467586989182008-09-24T23:29:00.000-04:002008-09-24T23:29:00.000-04:00I agree that the government shouldn't be in the ba...I agree that the government shouldn't be in the bailout business. But now they've developed the expectation that there is going to be a bailout. So if there isn't one, that itself could cause a further decline in the markets.<BR/><BR/>And what's with the rush? They've already bailed out Fannie Mae, Freddie Mac and AIG, the big one. Are the democrats going to let the Bush Administration and Paulson bamboozle them again with this rush to deal with a "crisis" like they did with the Iraq?Mac Daddy Tribute Bloghttps://www.blogger.com/profile/01483912561779369669noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-10017859036086091732008-09-24T23:13:00.000-04:002008-09-24T23:13:00.000-04:00Thanks, Mac. You're right about sticking with this...Thanks, Mac. You're right about sticking with this issue. I have another article on hold but it will just have to wait.<BR/><BR/>Agreed that Obama has the best plan of the ones offered in terms of bailing out AIG and making loans to other Wall Street entities (maybe) in the future, but the govt isn't <I>supposed</I> to be in bailing out business.<BR/><BR/>They don't do it for the poor and middle class, so why should they do it for the rich at everyone elses expense?Kit (Keep It Trill)https://www.blogger.com/profile/03027769872237001801noreply@blogger.comtag:blogger.com,1999:blog-6325219138869173743.post-3035530942185199202008-09-24T21:44:00.000-04:002008-09-24T21:44:00.000-04:00Another good post. Thanks for staying on this issu...Another good post. Thanks for staying on this issue. It's too important to do a post and move on to other issues.<BR/><BR/>kit, you're right about Sen. Obama. So far, he's the only who has come out with a good plan, and who has displayed the temperament and the intelligence that can bring people together to deal with this economic crisis.Mac Daddy Tribute Bloghttps://www.blogger.com/profile/01483912561779369669noreply@blogger.com