Financial bailout package fails in House of Representatives

[yakyakyak69]

Bailout? HELL NO!

The Dems/NeoCon's Community Reinvestment Act forced banks to give home loans to those with bad credit. This resulted in speculation which ARTIFICIALLY inflated housing prices causing meltdown.

Printing MORE fiat US $Dollars to encourage more Wall Street greed will debase the currency and cause a MUCH larger GLOBAL collapse later!

Real Estate AND the stock market MUST return to their TRUE value NOW before the problem grows any larger!

ANY 3rd Party in Nov.!

[werebear1]

All in plan for the coming North American union as a solution. You see, they have to create (artificially) a crisis to justify the Merging of Canada, USA and Mexico and to make people accept it. If you don't agree, you will end up inside one of the many FEMA concentration camps, if not dead.

[Partisancheese]

And how exactly is the credit crunch artificial?? Is everyone in America who defaulted on a loan in on the scheme????

[werebear1]

Obviously not, and my comment regarding this fabricated crisis was in general. A lot has been ignored in these reports, like the devaluation of the dollar due to the multi-trillion dollar war, and corruption. Add the more than 8 million jobs lost in the last 10 years to trade agreements, outsourcing and H1B visas. You see, if everything gets more expensive and jobs a lot more scarce, people are quite likely to, say, not be able to pay debts? Can you agree with any of this?

[Partisancheese]

the devaluation of the dollar is necessary to avoid inflation. its not what people wanna hear, but its essentially damage control at this point. The neoliberal policies instilled by Clinton (NAFTA) will ensure that jobs will continue to go overseas. The US will no longer be a manufacturing country anymore and people need to realize that.

One way FDR addressed the Great Depression was by raising corporate taxes (similar to what Obama wants to do). He can definitely get us out of the crisis

[werebear1]

Quite true, devaluation of the dollar is essential in deflating the economy. We need however a monetary reform. Keeping the current monetary system will just continue the current vicious cycle and will continue to concentrate power in a few hands. Eventually the system will collapse but not before a huge wealth transfer taking place. think Weinmar republic Germany. There is a lot of manipulation. I doubt Obama will take the necessary measures; we need a lot more than just raising corporate taxes

[mmgoicochea]

that is just half the truth.... even before the crisis they had already 13 trillion dollars in debt plus the house selling crisis and other hidden things... would be an indicator and the real "truth" of the crisiss :S

[SR1917]

Fuck the US and it bullshit ANGLO SeXON economic bolshevik swindle.

ANglo-Saxons trying to set up Jews while ANGLO SAXON business(swindlers) like Warren Buffet and Bill Gates buy up assets at knockdown prices.

FUCK ALL ANGLO SAXONS AND THEIR COCKSUCING CAPITALIST SYSTEM. THEY ARE ALL WHORES FOR OIL.

[1MSNARA]

largest point loss, but not largest percentage loss. however, the similarities of the 90's to the 20's is eerie

[archaedemos]

i do not see a bank NOT being able to LOAN money as a BAD thing. 

STOP BORROWING MONEY PEOPLE!!!!

then the banks will die. !

[Partisancheese]

How are people gonna be able to open small businesses if they can't borrow money?? Would you prefer the only people wealthy enough to open businesses be GE and Haliburton????

[CrossHeart79]

lol the American economy was destroying itself for years, why couldnt they fix this yet?

[OriginalAtomicSheep]

because they dont want to... they know what they are doing and at the end of it all... guess who is going to have pockets lined and who is going to suffer as usual?

[mecosses]

Danger!We may not recover,if wait one more months.

[sypherffs]

lol Americans are readying the pitchforks and bonfires, look at the fat cats run and hide.

[MadRussianStudent]

my condolences to americans

[werebear1]

Mistakes? I doubt those where mistakes. This is all about a huge wealth transfer and bringing everyone into slavery and ownership of big banking interests, even under martial law if necessary. They should go after the people who created this situation, Wall Street and the big banking interests/federal reserve; it should be abolished and the responsible prosecuted. Most Washington politicians are covering everything up.

[jakelalonde85]

Those assholes are drinking Mai Tais on some privte island lighting their cigars with $100 bills. Finally I can think of something Communism is good for! PUBLIC EXECUTIONS!

[VictorWasechkin]

maybe you mean the electric chair and hangings? I thought this is public execution. in usa.

and nationalization of banks is one of the steps to real communizm, bitch. haha

[jakelalonde85]

You are correct good Sir. But to say that now would the talk of the devil in the ears of the Democratic party.

[VincentVonGoat]

it was a good run wasn't it?  Funny, Americans aren't finished just yet!

[bittemeinrammstein]

USA = FAIL!!! FUCK THE USA! XD

[jakelalonde85]

Visit America. You are welcome friend. I fuck your mouth. We have good time, Yes?

[twcolabear3]

fail

[bboucharde]

Dear RT Staff:

Thanks for the professional reporting job, better than some of our own networks in the USA. Look how much the world has changed: Can you imagine Pravda or Isvestia trying to report on this capitalist crisis back in Soviet days? Again, nice work!

[bboucharde]

KEEP CALLING YOUR CONGRESSPERSONS:

Why should US workers pay for the lack of due diligence, the greed, and the incompetence of hustlers who bought bundles of junk-grade mortgage IOU's on margin? This bailout would benefit shareholders of finance houses and banks---but the rest of us will get screwed by a plummeting US dollar, currency debasement, inflation, and higher interest rates. NO BAILOUT! --Let the free markets value these mortgage-backed securities at their real market value= junk!

[gelphlin]

thank goodness congress saw the importance of not furthering our dollars devaluation through this massive "bailout" of the criminals at the banks. It was a fake and temporary "fix", and it would have been a terrible mistake. What happens when you can't buy toilet paper with that money you're borrowing from the banks?!????? Doesn't matter much if they lend it to your or not!

[thenationsdemise]

They r messing up the whole world's economy. :(

Obama 08 w00t.

[jeddah58]

usa is going down .

good news for me.

fuck usa.

[thenationsdemise]

lol

[abfmariachi]

another bush Failure!

[truth4g]

NO BAIL OUT!!!!!

This is not, IS NOT a republican plan, it's a load of crap being pushed on the people of the U.S.A. If you are not getting that,(They are trying to fuck me big time) fealing then what's wrong with you?

[002eden523]

Bush's legacy!

[Tigerpoi51]

I hope Bush will hide in SHAME for .. the .. rest .. of .. his .. life.

[Scoot2612]

The great leader could not convince 133 republican buddy's to vote for a republican plan.

Why, because the all want to stay in their chairs next year and the whole country is screaming.

The economy will go down the drain for political reasons.

[timetofly5]

we the people will not be push to buy worthless mortgages that no one else will for a premium price we called our congressmen and told them we wanted no bail out !!!!!

[roosterrocks]

Idiots in my country can't make up thier damn mind!