"Improved" bailout passes Senate.. anyone notice um, it's a 810 billion bailout now??

H

HotNSexyMILF

Well-Known Member
:wall::wall::wall::wall: This is insane right?

And the propaganda? First the dow was down 777 points because the bailout was not passed, then Tuesday when the dow was up almost 500 points it was because a new bailout was proposed so the market responded favorably, and now today the dow was down and they say it's because we NEED A BAILOUT NOW..

seriously are the sheeple buying into this stick up? It's a straight up robbery through intimidation.

"Stick 'em up! Give us this bailout, dictatorial economic powers, and immunity or the economy gets it!"

:wall::wall::wall:
 
H

HotNSexyMILF

Well-Known Member
God, there's just so much garbage in this bailout I keep forgetting all of it.. not only does the bill give the Secretary of the Treasury dictatorial powers that can't be questioned by any court in the land- and not only does it give basically everyone involved in this economic crisis IMMUNITY.. it also gives certain banks the right to now carry 0%, yes 0% reserves... where as before the bank's had to carry 10% reserves.. fractional reserve banking (which is a fraud to begin with) now has the power to lend even MORE money they DON'T have and charge INTEREST on it..
 
VTXDave

VTXDave

Well-Known Member
Yeah....The new and improved bill. Let's see here...The 1st bill was defeated by the House and so the Senate creates a new bill, with more fat and passes it first? Tsk...tsk. But don't worry MILF; Obama will straighten things out once he attains the Throne.


And we will love him for it.
 
VTXDave

VTXDave

Well-Known Member
For the record, I read the 110 page bill that was defeated in the House earlier. It granted authority to the Secretary of the Treasury to purchase companies WITHOUT oversight and immune to Judicial review. I have not read this 400+ page behemoth yet, but I wonder if the Sec. of Treasury gets that authority in it. That was my immediate beef with the previous bill...more federal power not subject to review and/or scrutiny.
 
H

HotNSexyMILF

Well-Known Member
:wall::wall::wall::wall: Seriously Dave, tell me I'm not the only one seeing this shyt.. it's f*cking insane..

Oh yes, its in the new one.. plus the immunity in the last one.. plus the new 0% reserves needed for banks.. plus the upped fdic 'insured' policy, $250,000 now when they just admitted not too long ago to only having $50 billion to cover the over $1 trillion insured asset THUS FAR.. I mean, this is just f*cking insane.. seriously.. :wall::wall::wall:
 
MaryJaneDoe

MaryJaneDoe

Well-Known Member
So the stock market goes way down Monday so I thought man I better go look at my 401k so sorry I did.. I lost about 1500 in one fucking day. I can't pull it out. I can't do anything less than a 3 percent of every check. I'm screwed so I guess I will leave it until I retire and quit looking at it. It's got about 20 years to go. here is where I think the patience from growing will help.
 
VTXDave

VTXDave

Well-Known Member
HotNSexyMILF said:
:wall::wall::wall::wall: Seriously Dave, tell me I'm not the only one seeing this shyt.. it's f*cking insane..
Click to expand...
You're not.

HotNSexyMILF said:
Oh yes, its in the new one..
Click to expand...
I'd like for someone to explain to me how granted additional authority to the Secretary of Treasury to purchase private companies without congressional/judicial oversight is constitutional. I'd be willing to bet that McCain and Obama voted in favor, yes? Sorry for the questions, I just haven't had time to review the news; Seamaiden and I just got back from a Town Hall Meeting w/ county and state officials.
 
H

HotNSexyMILF

Well-Known Member
VTXDave said:
You're not.

I'd like for someone to explain to me how granted additional authority to the Secretary of Treasury to purchase private companies without congressional/judicial oversight is constitutional. I'd be willing to bet that McCain and Obama voted in favor, yes?
Click to expand...
No, of course it isn't Constitutional.. why would anyone in Washington give a shyt about that thing anymore? :wall::wall: I mean, it's only their job contract.. who cares about the rules laid out for the government in it..:wall::wall:

Of course the two heads of the same beast voted for it.. Obama said he was 'reluctantly' voting for it.. :roll:
 
MaryJaneDoe

MaryJaneDoe

Well-Known Member
In my opinion this whole thing is insane. How can we pay for this and a war that "we" I don't want. It costs me money and I sit here in my own home that I bought, without lying about my income. Had a few tough times but no one in Senate tried to" bail" me out. It is trillions of dollars that we don't have to throw around like this. I think it's a terrible, terrible thing. No one asked me if I wanted to do it. So I say unconstitutional. So now there are no consequences to the banks for going around the rules and getting people loans that they couldn't pay for. Now I get to pay it for them.
 
VTXDave

VTXDave

Well-Known Member
Obama, a junior senator from Illinois but now the hope of his party, spoke during the daylong debate and gave House Democrats still in opposition a strong shove.
"To Democrats and Republicans who've opposed this plan," Obama said, "I say step up to the plate, let's do what's right for the country at this time, because the time to act is now."...And let's ensure that we burden our subjects with more indentured servitude.
 
Dfunk

Dfunk

Well-Known Member
" Wall Street...self styled masters of the universe working day & night figuring out new ways to rob hard working people blind! " - Edward Norton
 
Dfunk

Dfunk

Well-Known Member
They improved the chances of total fuckin' disaster. They'll probably pass this one cause if they don't I think shit is going to start getting nasty & out of hand fast. I think we screwed either way. If they do pass the "rescue" bill it'll just take a little longer to get here & be probably significantly worse:)
 
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