In retrospect. . This was the moment when I finally realized that the people have no power and that our leaders don't care about what we say. The people absolutely flooded the voice mails, emails, phone lines etc. of the reps and senators with pleads to not pass these bailouts and the assholes pushed them through regardless. And what really shocks me is how many got voted back into office afterward. Pretty sad that people thought there was nobody better. We're done. .
2003 50 Attorney's General petitioned Cheney to stop predatory mortgage lending. 2004, the FBI's white color crime unit said predatory mortgage lending would take the economy down. Cheney's response? His SEC passed 30-1 lending reserves. 2005, one AG, Elliot Spitzer forced AIG's CEO Greenberg to resign for massive fraud. 02/2008, Spitzer as Gov. wrote an WaPo Op-ed blaming Cheney for not stopping the banks. 06/08 ES is forced to resign as Gov. All the public heard was prostitutes.
I'd bet the accuracy of your predictions are <5%. The SKY IS FALLING. "It is critical, CRITICAL for the future of our country!" Shut up you melodramatic attention whore.
assuming all the debt in full and at par without the slightest negotiation by Bernanke...who had zero sense of obligation to the taxpayers..and every sense of obligation to AIG executives
But this guy's solution won't allow the privately owned bank mistakenly named the federal reserve to take complete control of the US financial system and hold the government hostage like puppets held on strings made of cash.
Yep the Bailout was a tricky little plan to put us in deep depression and world wide debt and poverty done by the tricky elite. I can't believe the US Government was so stupid and didn't realize that the people in charge of the money got bailed out and put the US public in more debt, depression and recession. Peace!
Bad debt? Good debt? I thought debt is debt. It is bad. You owe to someone or something. Once that source of someone/something request full payment, The Government will use collateral to cover it.....hence beyond a depression and beyond Martial Law. Google and YouTube Info Wars and PAINSCOURT
this is exactly whats going to happen. the system will fail, it will collapse on itself. you sheeple have the gov'ts hand so far up your ass you cant even tell. after the economic system fails we will go in2 a depression and then riots will break out. bottom line is our entire governmental system has been fucked since the federal reserve has been put into effect. now were so brainwashed we cant even begin to pull our heads out of our ass. we can still act/change, but 1st we gotta get angry!!!!!!
Watch US Professor Norman Finkelstein exposes Israel's crimes (Google bm5OvSeiAHc)
Israel admits: "No Hamas rockets were fired during ceasefire" (Google zfFMZ7Y-s_c)
Please distribute and complain to your Senator and/or Representative about Israel's killing Americans, heinous crimes, stealing our taxes, and its spying on USA. Peace!
so we are now 10 trillion in debt and we are going to borrow more to give it to automakers and bankers that dont know how to handle it in the first place? wtf!
Buy seeds a plot of land tent camping gear and lots of emergency items
after you get everything you need double and triple check the list to make sure
after you have all of this then and only then buy gold bars or coins no paper gold
as paper gold is dust it is leveraged you live in the most corrupt country in the world do not wave the flag for that corrupt pos America when the North American Union comes you will die standing up for a corruption invested Country .
the first 2 waves of forclosures those people deserved to lose their houses. They took mortgages they couldnt ever pay....that the facts. If you couldnt get a conventional mortgage you had/have bad credit. You shouldnt buy a house with out a down payment of 20%...and payment of more that 1/4 your take home...citizens are also to blame ...bankers also are responsible for making bad loans, many should be in prision.
look at the Constitution a tattered piece of paper all but gone ! bill of rights under attack all this is not ever going to be reinstated.because they are moving already to a Canadian type socialistic system similar if the not the exact same as the Canadian system. American banks defrauded the world the coming
depression will see more than 8 million dead Americans by starvation.
the FED which is there to prevent Depression are now causing it.50 trillion + in toxic waste in the banks
I'm a believer and fan of Denninger, review his past postings for accuracy. The US citizens are not subject to a dogmatic system, so we can fix things quickly, & this helps.
The challenges may be significant, but we'll learn, grown and thrive throughout the process due to the intelligent and thoughtful system that was put in place to establish our governmental and economical systems so many days ago. It may appear the bankers have won, but great men like our poster here will lead us out.
Would have listened to more if it didn't keep showing his dumb face the whole time. Should have shown for example : a bunch of women in string bikinis sunning themselves while he went gabbing like he did. Why does this guy think he knows so much? Why is everyone playing the blame game? EVERYONE knew the shit would hit the fan at some point, but didn't realized it would happen now. Thats what ya get. Big deal life goes on. America is still #1.
YOU'VE HIT IT ON THE NOSE. 700B WAS HIJACKED 10/10/08 TO BUY BANK STOCK----BUYING FORECLOSED MORTGAGES, HELPING JOESMALLBUSINESSOWNER IS OFF THE TABLE. BANKS DON'T HAVE TO DO ANYTHING, THIS IS NONVOTING STOCK, ZERO LEVERAGE.
$250K fdic guarenteed by banks led to the single largest movement of funds out of MARKET in the history of business cycleS.
THAT ALONE, with the loss of the $700B where it would be helpful IS INSANE.
IF YOU'RE DOING SOCIALISM, JESUS AT LEAST DO THAT RIGHT!
You can blame the SEC for the 08 market crash by removing the "up tick rule" in july/07that rule has been there since the last great depression in the 1930's. so officially there hasnt been a bull market since 1938 with out the "up tick rule" in place. and there never will be.
(copy and paste this everywhere if you hate taxes!)
Its a fun deal. Its to be 777 points down at first. Then it will make the black president look good. Whe he makes it go up from this down turn. Tada. hehe.
A $700,000,000,000 bailout and the market's still tanking? Someone's stealing from the cookie jar. The idiots who voted for this plan, democrats and republicans, should be ashamed! Do the math. They could have issued stimulus checks of $7,000 to 100,000,000 working American citizens. That would surge the market and the economy right away. This bailout will take too long to help if it helps at all.
This silly looking man could easily become a virus. Seriously tho, what kind of power trip does this idiot think he is on? Im glad goons like him will be broke once the dollar crashes.
You just got screwed for 800 billion dollar, what are your plans? do nothing, still listen to the bankers, still listen to the politicians? I THINK NOT!
This is all just one of the steps the govt is taking to basically create debt slaves out of everybody or throw them in a FEMA camp. U.S. is putting children as young as 6 and keeping them for more than a year, civilians are suspect too. Bush is part of a royal bloodline, along with clinton and obama, and the entire worlds economy is controlled by international bankers like Rockefeller and Rothechilde. the Fed has been using fiat currency for 70 years, this was bound to happen, they knew it.
research any of this, normal citizens are not a party to the Constitution, (W)e the (P)eople meas something different that (w)e the (p)eople, unless you are a descendant of one of the signers, it doesnt apply to you.(watch "the US is a corporation not a country you got a problem with that), it shows documents thru social security and the Fed that proves we are still under British Maritime Law, the Constitution was a privilege granted by the Crown
Hey CONGRESS! GIVE THE PEOPLE THEIR BAILOUT. Bailout the American people with a $15K per year write off the 1040 for stock losses--that'll put $5K into the economy at the grass root level that has eaten crap in this awful stock market and gives something to US and not just the rich.
100M people could BUY our way out of the coming Depression, get on the phone to your Congress person and make your case NOW!
I called my senator and representative every day for a week before it was approved. I can't believe they are seriously this stupid. I want to punch them all in the throat.
And the majority of the votes to hand over 700 billion dollars to the wall street crooks came from DEMOCRATS. Once again they sell out the best interests of the American people to corporate power. Once again they prove they are the same party now. 700 billion dollars. This is like Bush's icing on the cake. The worst President in history leaves office with the biggest SCAM in history. Thats what this is is a fucking SCAM!!! Watch were the money goes! Straight to the top! THIRD WORLD USA.
Obama had 94 opportunities to side on the people's side and reduce taxes, and 94 times Obama voted to increase taxes or not support a tax reduction — 94 times.
With this bailout being passed taxes WILL INCREASE regardless of a McCain or Obama presidency. There is no public opinion of increased taxes that is going to be heard after this passed. This is 700 billion dollars!!! Taxes WILL increase to cover this and the war deficit (which is still growing on a daily basis)
"Now, therefore Her Majesty an pursuance of section 179 (1) (a) and (2) of the Social Security Administration Act of 1992 and all other powers enabling Her in that behalf, is please, by and with advise of Her privy Council, to order, and it is hereby ordered as follows:"
"This Order may be cited as the Social Security (United States of America) Order 1997 and shall come into force on 1st September 1997." Does this give a new meaning to Federal Judge William Wayne Justice stating in court that he takes his orders from England? This order goes on to redefine words in the Social Security Act and makes some changes in United States Law."
"Remember, King George was the "Arch-Treasurer and Prince Elector of the Holy Roman Empire and c, and of the United States of America." See: Treaty of Peace (1738) 8 U.S. Statutes at Large. Great Britain which is the agent for the Pope, is in charge of the USA 'plantation.'"
"What people do not know is that the so called Founding Fathers and King George were working hand-n-hand to bring the people of America to their knees, to install a Central Government over them and to bind them to a debt that could not be paid."
"First off you have to understand that the UNITED STATES is a corporation and that it existed before the Revolutionary war. See Respublica v. Sweers 1 Dallas 43. 28 U.S.C. 3002 (15)"
"Now, you also have to realize that King George was not just the King of England, he was also the King of France. Treaty of Peace * U.S. 8 Statutes at Large 80. On January 22, 1783 Congress ratified a contract for the repayment of 21 loans that the UNITED STATES had already received dating from February 28, 1778 to July 5, 1782. Now the UNITED STATES Inc. owes the King money which is due January 1, 1788 from King George via France."
"Is this not incredible the King funded both sides of the War. But there was more work that needed to be done. Now the Articles of Confederation which was declared in force March 1, 1781 States in Article 12 " All bills of credit emitted, monies borrowed, and debts contracted by, or under the authority of Congress, before the assembling of the United States, in pursuance of the present confederation, shall be deemed and considered a charge against the United States"
Now after losing the Revolutionary War, even though the War was nothing more than a move to turn the people into debtors for the King, they were not done yet. Now the loans were coming due and so a meeting was convened in Annapolis, Maryland, to discuss the economic instability of the country under the Articles of Confederation.
"The original State Constitutions were never submitted to the people for a vote. So the governments wrote new constitutions and submitted them to people for a vote thereby binding the people to the debts owed to Great Britain. The people became citizens of the State where they resided and ipso facto a citizen of the United States. A citizen is a member of a fictional entity and it is synonymous with subject. What you think is a state is in reality a corporation, in other words, a Person."
Please understand that the original signers signed as the proposers and representatives, making the first a binding agreement. All developments that arose after the fact were acts of treachery.
"By: Stephen Kimbol Ames Queen Elizabeth controls and has amended U.S. Social Security, as follows: S.I. 1997 NO.1778 The Social Security ( United States of America) Order 1997 Made 22nd of July 1997 coming into force 1st September 1997. At the Court at Buckingham Palace the 22nd day of July 1997."
Thank you for the video. The tax payer, particularly the poor girl and guy must not bail anybody out. The US corporate mafia did it to this country, and they have the responsibility to solve the problem.
I can't believe how fucking stupid you would have to be to vote for the bailout. ITS GOING TO MAKE THINGS WORSE! HLY SHIT! Hasnt anyone taken economics 101?!?!?!??! ITS SOOOOO SIMPLE. ITS SOOOOO OBVIOUS! AHHHHHHHH IM LIVING IN A COUNTRY OF IDIOTS!!!!
This latest bail out plan is designed to bail out foreign investors and banks. As soon as it passes I would expect them to pull out all their money and leave us all hanging with the debt. We are not being told this by congress I dont trust any of those A Holes. We have had this problem for 25 years and it been hidden from us.
Sometimes individuals need to keep their mouth shut. But instead people have the need to feel important, and want people to think that they are knowledgeable when the reality is that most of this mess is planned, this is not by coincidence.
The emails and phone calls to Congress are 90% against this bailout. Lets just see which party is responsive to the American people. Isn't it McCain and Obama that keep saying they are going to fight for the American people. Well, it seems like the American people are all alone in this fight!
I do agree with most of this guy says. However, the definition of a "recession," at least according to most economists, is two consecutive quarters where the GDP decreases. If I am correct, our GDP still increased last quarter despite the huge rise of unemployment.
Not only dont I trust this administration, I dont trust lenders because of what they did and I think eveyone who has a congressman (whether republican or democratic) if they voted for this bailout GET THEM OUT OF OFFICE!
And Pelosi blames Bush when she herself stood in the way of impeachment.
Congress is either for the crooks or for the people.
By the way... have they at all mentioned THE CONTROL ALT A LOANS RESETTING???
Is it worse than than the good man above says? I am afraid it is. The Creature from Jekyll Island by G. Edward Griffin America: Freedom to Fascism (documentary) by Aaron Russo Washington, You're Fired (documentary) by William Lewis Hacked: High Tech Election Theft in America by Abbe DeLozier and Vicki Karp Know your rights! Habeas Corpus Posse Comitatus US Constitution Repeal - Federal Reserve Act 1913
The people thinking the Dems vs. Reps bullshit is for real or that either of these parties has a CLUE as to what is going on are sorely misinformed. This is the Federal Reserve and the Treasury committing a crime against the people. It's not the Democrats or the Republicans. It's the PRIVATE bank known as the Federal Reserve. Google "The Money Masters". These are the same money changers that Jesus drove from the temple. Whether you believe in divinity or not, there was a reason he did that
I cant believe that the only explanation of how this happened we hear is that loans were give to people who should not have gotten loans. Somehow, loans to poor people brought the economy of the worlds only superpower to its knees.
WTF?
Somebody somewhere needs to fess up. Something is very rotten in Denmark.
Either they were extremely stupid to make this move OR they were corruptibly ingenious to "time" economic bombs to go off to take down this nation. The criminals are the lenders because the poor as well as the rich should be able to get loans BUT in a proportion to what their ability it is to pay back. But I do believe this was a planned way to economically destroy this nation and we know they are not dummies, the system is corrupt and they want to tie us all into it. Look to 2009's bombs
Washington and Wallstreet are demanding that the American people "bailout" the elites risky investments. They were not shareing the wealth, when their stocks were up.
What, the American people are suppose to give them our money, so they can loan it back to us?
Kill the Bailout! The market came up today. There is no need for a bailout. Paulson said a year ago on video that he thought the economy and banks were the strongest he's ever seen in his career. Now an emergency right before Bush leaves office and probably Paulson too? This is only an attempt for Bush and Paulson to give 700 billion to their rich buddies before leaving office. Maybe I'll stop getting all these damned credit card offers in the mail.
The $700 billion, if it is approved, will simply be sucked into a black hole of insoluble debt.
The bankers will run with it in glee and the economic catastrophe will still come - except now, the government won't have the credit left to be able to help Americans get throught his difficult period.
The root cause of this disaster is land speculation, i.e. real estate speculation, the grand historical American pasttime aggravated by the increase of money supply by the Fed, low interest rates and creative marketing by Wall Street geniuses. Bail all you want or not, the long term solution to this recurring idoicy is the Georgist tax on land values that forever removess the incentive to speculate with community created land values while giving incentive for real capital investment.
What does Obama want? Barack Obama wants you to suffer. Barack Obama wants higher prices on fuel right now. Barack Obama wants a windfall profits tax right now. Barack Obama wants to raise your income taxes, by the way, right now. He wants to raise capital gains taxes right now. He wants to raise Social Security taxes right now. Obama wants you to suffer. The Democrat Party wants you in pain.
TREASON... clean house ... email your reps please tell them . .'we the people " don't want this bail out if you support it "we the people" will vote you out of office keep the preasure on .. peace out peoples .. keep the daith ..
Thank you, 228 members of the House, for voting against the Bailout.
Stock prices tell us that the $700B Bailout would have propped up the DOW by only 500 points. (Down 777 yesterday, up 250 today).
Hey, Government, STOP interfering in the markets. The only reason for a big 777 point drop yesterday was government interference (Bush promising a bailout that never came).
Anyone who is too wimpy to watch a 500 point drop in the Dow should SELL their stocks immediately.
This is exactly what I was thinking. I'm in England, but we were talking about this yesterday; and everyone agrees, you can't fix a debt by throwing already allocated money at it. It's like paying credit cards with electric and gas tokens.
The $700 billion is not a surplus, other projects will suffer - on top of that, there is no sign that the practise that led to this situation will cease, and so this bailout will only delay the inevitable.
I'm wondering just how big a crisis this really is. The Democrats have been saying it's a crisis. The president has been saying it's a crisis, but has anybody actually been treating it as a crisis? Now, by this I mean something very simple. The Democrats had the votes all last week to do this. They could have avoided a week of angst, they could have avoided a week of anxiety, they could have avoided a week of nervousness, but they didn't.
I cannot believe you idiots are blaming each other (Republirats/Demorats) THEY BOTH HAVE SCREWED US!! IT'S BOTH PARTIES FAULT!
You keep fighting amongst yourselves and they (the two party system) LOVES IT! You are mad at each other instead of being mad at them, no one wants to blame their own party! I BLAME BOTH! IMPEACH EVERYONE OUT OF ALL THREE BRANCHES AND LET'S START FRESH! CHARGE THEM WITH TREASON! LET'S DRAG THEM OUT OF CONGRESS AND CHARGE THEM WITH TREASON!
Rage1605, you are exactly right. The Elephant= The Donkey. By dividing us they have conquered us. The only parties now are THE NEW WORLD ORDER vs. WE THE PEOPLE. Pick a side because the time is coming.
"The Bailout" is a wonderful example of how corporations canNOT rule the people in a just manner. The New World Order is the Bailout of all national sovereignties surrendering their liberty and freedoms to a corporate fascist state that rules by PROFITS with NO accountability. This is a great example and should be noted throughout that Corporations need political governance with the added feature of a separation of Big Business and State! Skrew the New World Order and their whore Slave Masters!
So you're saying that we're destroying trust because we don't let the banks go into bankruptcy. If we let them go into bankruptcy we will still have trust?
If you invest in senior level debt in a bank the goes bankrupt, you'll probably still get your money back...
Also, if we exposed exactly what assets were held on balance sheets, the market would be able to determine how to allocate its trust and balance its risk and reward. Now, there is simply no way to know...
The bailouts were a moronic idea, the government and federal reserve were the root cause of the great depression, and they're the root cause of this upcoming depression.
Then why is it the Republicans that are the only ones looking out for the Americans? They're the only ones trying to defeat this bailout! Get a clue. They're the ones trying to change this bill to something that will protect the taxpayer in the end. It's the Dem's who would've passed this bailout in a heartbeat and we would've been stuck with the bill. Who defeated the bill so they can work on it more? THE REPUBLICANS.
Stop being a moron. Both Democrats and Republicans opposed and supported this bill, Nancy Pelosi. And the Republican president of the United States tried to pressure Congress into passing the bill. Republicans are the minority in Congress, so obviously they needed help from some Democrats to table the bill.
I'm surprise you don't mention any republicans... if i recall correctly things were fine during the clinton administration...we had a SURPLUS! what did Bush Economics / Mccain and his republican give us during these last 9 years? oh yeah, a complete wipe out of our capitalist society...AMEN
Sorry, but you need to get your facts straight. At NO time ever did Clinton have a surplus. Check the U.S. Treasury website..it's there for all to see. He left Bush with over a 300 Million Deficit. It was also Clinton who started this whole mess by de-regulating the banks before he left. He was the beginning of this meltdown. And don't forget...it's been a Democratic Congress that has brought about all this mess. Bush can't do anything because they block everything and anything.
Uh no when bush got in power it was a mother fecken republican Congress and The Bail out is a bi-partisan neither group really wants it Democrats hate and I MEAN HATE bailing out the rich and republicans hate giving a bone to any one so stop trying to pin it on one side when the real problem is the Fed and its cronies
It was under Clinton, I believe, that the Community Reinvestment Act was passed, forcing lenders to loan to people who they would normally deny. That definitely sped up this whole economic collapse thing... The war is costing billions that America does not have, thus causing inflation. Americans have failed to embrace bills put forth to impeach Bush... this has also ruined the economy. And finger pointers like you and Nancy Pelosi are destroying America!
yes. let these banks fail. they're obviously broke FOR A REASON. the only intervention I could see as useful, is ensuring their share of the market gets bought up by other american companies, and not by china. the market will rebound. traders sold today because of media-created panic. let the market fix itself. if you bail out these companies, they will continue to perform actions that threaten the entire marketplace. let more competent banks take their place.
The bailout is doomed for failure. You're trying to fix the problem with more of the same symptoms that caused the problems.
You can't fix a system devastated by bad lending practices with more BAD lending practices.
700 billion dollars? These guys don't even qualify for a 100k home mortgage, and you want to give them 700 billion.
The market is falsely manipulated. The fiat currency of the United States has been falsely manipulated. Until you allow them to correct, you're screwed.
this crisis has served as a stunning referendum on the people's esteem of their representatives. it seems the silent majority has finally neared the limits of it's patience.
Solution to fax to congress for next bill: Force all off-balance sheet "assets" back onto the balance sheet, and force identification of individual assets out of Level 3 and into 10Qs and 10Ks. Force all OTC derivatives onto a regulated exchange. This defuses the derivatives time bomb.
Force leverage by all institutions to no more than 12:1. The SEC intentionally dropped broker/dealer leverage limits in 2004; prior to that date 12:1 was the limit.
I emailed Nancy Pelosi and my state senator twice this past week. My daughter made a couple of calls as well. Now that the house has voted. Where to next?
Boehner did something very stupid after the vote, he said he was voting for the bill until pelosi pissed him off, this takes the heat off the bill and puts it on what looks like petulant brats in the house. In essence he did a kerry,... he voted against it after he was for it, what a dumbass.
Congressional martial law: eliminates the requirement for a 24 hour delay from the time a bill is presented and when the voting takes place to allow congress to actually have time to read what they are voting for. CML states that the bill has to be voted on when presented, not giving anyone time to read what they are voting for EXCEPT the few who drafted the bill behind closed doors!!
Mega-Million Dollar CEO Payouts Washington lawmakers debate as massive, bailout for Wall St firms. CEOs under scrutiny for multi-million-dollar salaries, when their companies suffered. Cash Salary,Stock,& Pay Total Lehman Brothers
2007 Richard Fuld
$5,000,000 $66,770,000 $71,770,000
2006 Richard Fuld $7,000,000 $55,323,679 $62,323,679 2005 Richard Fuld $14,500,000 $89,500,000 $104,000,000 2004 Richard Fuld $11,000,000 $24,300,000 $35,300,000
Just in the last 20 or so years... junk bond bailout, S&L bailout, LTCM, Stock bubble and Accounting scandals, Housing-credit bubble...we get one of these every 6 or 7 years. As long as the same garbage that caused it, fixes it, ad nauseum will continue. So far this one is shaping up to be worse in this respect than anything previous, what a country, enjoy the one-party system, it's here and it's brought to you by the now Ministry of Propaganda, the former so-called news media.
Dumbass mizilus, LOOK IT UP. This is a known fact!! Jesse Jackson bitched so much and through out the race card so much that banks were forced to give in to keep from being called "Racists". Now the banks were giving loans for quarter million dollar homes to people who were lucky to make $20,000 a year working for McDonalds. My neighborhood has 4 houses that have been foreclosed on. ALL OF THEM WERE PEOPLE TRYING TO LIVE OUTSIDE THEIR MEANS. Let it go. It is the democrats fault. Duh!
the house democrats voted for this bailout 2 to 1 over the republicans. They are both the same. The only answer is to abolish the federal reserve. Ron Paul endorsed Chuck Baldwin for pres and I'm voting for him.
because the crooks alwas contribute to both political campaigns (though usually to a lesser degree to democrats)to try to share the blame. Just look at ken lay and all the usual suspects at enron.
democrats have been the largest recipients in this section of the economy since 1988
in fact, senator Obama is the 2nd largest recipient of money from AIG, Lehman, Fannie Mae, Freddie Mac and the like, of all congress members since 1988
Guess why? mmm, because the McCain campaign drop some money on the floor on the way out the door and AIG, Lehman, Freddie Mac, Fannie Mae said, give some to the black dude?
Screw dittohead Fox Noise and swiftboaters this time maw75k. Vote for a change.
democrats have been the largest recipients in this section of the economy since 1988
in fact, senator Obama is the 2nd largest recipient of money from AIG, Lehman, Fannie Mae, Freddie Mac and the like, of all congress members since 1988
We have to give $700 billion to these Wall Street fat cats instead of to ordinary Americans because, well ... ordinary Americans don't give very good bribes.
Anyway this bailout will enable important rich people to be able to hire you ordinary people to clean these wonderful mansions you would otherwise never see the inside of ....
In retrospect. . This was the moment when I finally realized that the people have no power and that our leaders don't care about what we say. The people absolutely flooded the voice mails, emails, phone lines etc. of the reps and senators with pleads to not pass these bailouts and the assholes pushed them through regardless. And what really shocks me is how many got voted back into office afterward. Pretty sad that people thought there was nobody better. We're done. .
wthf5 7 months ago
OMG checkout this video RIGHT NOW got me 500 views in one evening without youtube freezing it! Y2BVIEWS COM
ramparamsdell 8 months ago
10 trillion in debt from comment up above lets refresh this now 14.3 trillion in debt
Metropolis2011 10 months ago
danger0usknowledge 1 year ago
I think I saw this guy on "to catch a predator".
IronicKismet 1 year ago
scaremongering right wingers .go work stop wasting your time on rubbish.
There is no depression , no recession but a growth.
webbtz3591 1 year ago
I'd bet the accuracy of your predictions are <5%. The SKY IS FALLING. "It is critical, CRITICAL for the future of our country!" Shut up you melodramatic attention whore.
theknuckler41 2 years ago
Horseshit..his insistence is absolutely commensurate with the issue.
ehunter2 2 years ago
The bill just arrived for the AIG bailout
61 Billion...and its a result of the taxpayers
assuming all the debt in full and at par without the slightest negotiation by Bernanke...who had zero sense of obligation to the taxpayers..and every sense of obligation to AIG executives
instead of a Bankruptcy Court assigning value
ehunter2 2 years ago
that's a real problem
a2zhandi 2 years ago
whats the point of life
Ericsboy135 2 years ago 2
well thats apparent, Feed the government
a2zhandi 2 years ago
When you are faced with a criminal organization...do you wait till they decide to behave or do you crush them?
ehunter2 2 years ago
errr crush!
a2zhandi 2 years ago
But this guy's solution won't allow the privately owned bank mistakenly named the federal reserve to take complete control of the US financial system and hold the government hostage like puppets held on strings made of cash.
eitkoml 2 years ago
Yep the Bailout was a tricky little plan to put us in deep depression and world wide debt and poverty done by the tricky elite. I can't believe the US Government was so stupid and didn't realize that the people in charge of the money got bailed out and put the US public in more debt, depression and recession. Peace!
FreeDayton 2 years ago
dan "airelon" just mentioned the same thing Karl - that this is all about "Trust" with these new accounting standards
watch?v=JF9HoqA9fPM
I dont know what to think
GabbyShae 2 years ago
This has been flagged as spam show
Check out Rachal Maddow - Somebody Saw it Coming
FluxCapacitor2008 2 years ago
This has been flagged as spam show
see that pic of his daughter in the background. that's a future crack whore.
pt1200 2 years ago
This comment has received too many negative votes show
america is fuked. americans should get ready to prostitute their daughters for pennies. they're already whores hahaha
pt1200 2 years ago
Bad debt? Good debt? I thought debt is debt. It is bad. You owe to someone or something. Once that source of someone/something request full payment, The Government will use collateral to cover it.....hence beyond a depression and beyond Martial Law. Google and YouTube Info Wars and PAINSCOURT
doctorofghetto 2 years ago
i only clicked this cause i thought david lynch had something to say about the bailout
otacon451 2 years ago
Started watching the vid and wasnt impressed because I watched another. Says the right things just considers government as being a sollution.
jrstorks 2 years ago
this is exactly whats going to happen. the system will fail, it will collapse on itself. you sheeple have the gov'ts hand so far up your ass you cant even tell. after the economic system fails we will go in2 a depression and then riots will break out. bottom line is our entire governmental system has been fucked since the federal reserve has been put into effect. now were so brainwashed we cant even begin to pull our heads out of our ass. we can still act/change, but 1st we gotta get angry!!!!!!
Shame2pac 2 years ago 2
If anyone knows where we can go to get away from the world bank, let us know! They can't tax us if we're no longer citizens
razorx71 3 years ago 2
This has been flagged as spam show
Watch UK MP SIR Gerald Kaufman exposes Israel's crimes (google qMGuYjt6CP8)
Watch US Professor Norman Finkelstein exposes Israel's crimes (Google bm5OvSeiAHc)
Israel admits: "No Hamas rockets were fired during ceasefire" (Google zfFMZ7Y-s_c)
Please distribute and complain to your Senator and/or Representative about Israel's killing Americans, heinous crimes, stealing our taxes, and its spying on USA. Peace!
soubari 3 years ago
They just passed an 800 billion bailout today.
wheelchairassassin 3 years ago
better start learning chinese :D
jimajima1 3 years ago 2
when is someone going to act.....atleast one person...when?
matt41083 3 years ago
so we are now 10 trillion in debt and we are going to borrow more to give it to automakers and bankers that dont know how to handle it in the first place? wtf!
Jassy0808 3 years ago 6
Buy seeds a plot of land tent camping gear and lots of emergency items
after you get everything you need double and triple check the list to make sure
after you have all of this then and only then buy gold bars or coins no paper gold
as paper gold is dust it is leveraged you live in the most corrupt country in the world do not wave the flag for that corrupt pos America when the North American Union comes you will die standing up for a corruption invested Country .
dave777blaster 3 years ago
the first 2 waves of forclosures those people deserved to lose their houses. They took mortgages they couldnt ever pay....that the facts. If you couldnt get a conventional mortgage you had/have bad credit. You shouldnt buy a house with out a down payment of 20%...and payment of more that 1/4 your take home...citizens are also to blame ...bankers also are responsible for making bad loans, many should be in prision.
centervilletn 3 years ago
I wish you were my gov't teacher in college! I'd accually end up being a political scientist.lol.
Vredesbyrderdod 3 years ago
This has been flagged as spam show
MSG me on MSN. ID is in my profile. lets do something tonight! r
connortookey 3 years ago
The American people are now bankrupt
NExt year the US govt. will go bankrupt
in 2010 USA will be under Canadian laws and in the North American Union.
Americans are not responsible enough to run a country period.
dave777blaster 3 years ago
The Canadian government doesn't have the infrastructure to make something like that happen. Certainly not in two years, anyway.
Galidan 3 years ago
look at the Constitution a tattered piece of paper all but gone ! bill of rights under attack all this is not ever going to be reinstated.because they are moving already to a Canadian type socialistic system similar if the not the exact same as the Canadian system. American banks defrauded the world the coming
depression will see more than 8 million dead Americans by starvation.
the FED which is there to prevent Depression are now causing it.50 trillion + in toxic waste in the banks
dave777blaster 3 years ago
hahaha canadian laws....hey eh got a beer eh?..wheres the mounties....sober up...
centervilletn 3 years ago
I'm a believer and fan of Denninger, review his past postings for accuracy. The US citizens are not subject to a dogmatic system, so we can fix things quickly, & this helps.
The challenges may be significant, but we'll learn, grown and thrive throughout the process due to the intelligent and thoughtful system that was put in place to establish our governmental and economical systems so many days ago. It may appear the bankers have won, but great men like our poster here will lead us out.
amyo9097 3 years ago
Would have listened to more if it didn't keep showing his dumb face the whole time. Should have shown for example : a bunch of women in string bikinis sunning themselves while he went gabbing like he did. Why does this guy think he knows so much? Why is everyone playing the blame game? EVERYONE knew the shit would hit the fan at some point, but didn't realized it would happen now. Thats what ya get. Big deal life goes on. America is still #1.
NEVERENOUGHBULLETS 3 years ago
#1 in corruption and lunacy
dave777blaster 3 years ago 2
this was a carefully contrived plan to destroy our currency and rob the american people.
I'm going to get rich off of it.
Thanks George!
xLeeRWilsonx 3 years ago
YOU'VE HIT IT ON THE NOSE. 700B WAS HIJACKED 10/10/08 TO BUY BANK STOCK----BUYING FORECLOSED MORTGAGES, HELPING JOESMALLBUSINESSOWNER IS OFF THE TABLE. BANKS DON'T HAVE TO DO ANYTHING, THIS IS NONVOTING STOCK, ZERO LEVERAGE.
$250K fdic guarenteed by banks led to the single largest movement of funds out of MARKET in the history of business cycleS.
THAT ALONE, with the loss of the $700B where it would be helpful IS INSANE.
IF YOU'RE DOING SOCIALISM, JESUS AT LEAST DO THAT RIGHT!
Yourdeadmeat69 3 years ago
test
Yourdeadmeat69 3 years ago
I am not an American - but I realize that the Alpha male concept operates in people and countries. America's dominance is going to end soon.
myview28 3 years ago
This has been flagged as spam show
You can blame the SEC for the 08 market crash by removing the "up tick rule" in july/07that rule has been there since the last great depression in the 1930's. so officially there hasnt been a bull market since 1938 with out the "up tick rule" in place. and there never will be.
(copy and paste this everywhere if you hate taxes!)
pgtv69 3 years ago
Were all screwd. Its just a matter of time. The war is just around the corner now. Buckle up people.
ItsDaJames 3 years ago
interesting xD
tyuiopasd2cp212 3 years ago
BAILOUT = JAILOUT
UnconcernedCitizen 3 years ago
Just over a month ago George W. Bush told us that the economy was fine.
John McCain told us recently that the fundamentals of the economy are good.
Why the sudden crisis?
Either Bush and McCain LIED, or they are both incompetent.
We cannot trust liars. We cannot trust the incompetent.
Either way, we cannot trust Bush or McCain.
McCain suspended his campaign because he panicked and hit the eject button. That's not leadership.
PureConservative 3 years ago
Its a fun deal. Its to be 777 points down at first. Then it will make the black president look good. Whe he makes it go up from this down turn. Tada. hehe.
Punkrockidiot2 3 years ago
there are 300,000,000 of us americans and 535 of them lets put them in jail fuck the republican and democrat socialist parties
Th2EyA0rEa1MoN2gUs 3 years ago
A $700,000,000,000 bailout and the market's still tanking? Someone's stealing from the cookie jar. The idiots who voted for this plan, democrats and republicans, should be ashamed! Do the math. They could have issued stimulus checks of $7,000 to 100,000,000 working American citizens. That would surge the market and the economy right away. This bailout will take too long to help if it helps at all.
NYCman530 3 years ago 2
This silly looking man could easily become a virus. Seriously tho, what kind of power trip does this idiot think he is on? Im glad goons like him will be broke once the dollar crashes.
checkerblob 3 years ago
Well put, kdenniger !!!
simonack65 3 years ago
watch?v=7ulHpGj1bBw
Yep, thats where we're going!
One of the best truth movies out there.
So get real, and wake up
You just got screwed for 800 billion dollar, what are your plans? do nothing, still listen to the bankers, still listen to the politicians? I THINK NOT!
All da best
bankruptfeller 3 years ago
This is all just one of the steps the govt is taking to basically create debt slaves out of everybody or throw them in a FEMA camp. U.S. is putting children as young as 6 and keeping them for more than a year, civilians are suspect too. Bush is part of a royal bloodline, along with clinton and obama, and the entire worlds economy is controlled by international bankers like Rockefeller and Rothechilde. the Fed has been using fiat currency for 70 years, this was bound to happen, they knew it.
greyface01 3 years ago
research any of this, normal citizens are not a party to the Constitution, (W)e the (P)eople meas something different that (w)e the (p)eople, unless you are a descendant of one of the signers, it doesnt apply to you.(watch "the US is a corporation not a country you got a problem with that), it shows documents thru social security and the Fed that proves we are still under British Maritime Law, the Constitution was a privilege granted by the Crown
greyface01 3 years ago
absolutely...thanks for telling it like it is!
circlejosh 3 years ago
Hey CONGRESS! GIVE THE PEOPLE THEIR BAILOUT. Bailout the American people with a $15K per year write off the 1040 for stock losses--that'll put $5K into the economy at the grass root level that has eaten crap in this awful stock market and gives something to US and not just the rich.
100M people could BUY our way out of the coming Depression, get on the phone to your Congress person and make your case NOW!
Yourdeadmeat69 3 years ago 2
America is now doomed....
ecollado72 3 years ago 9
I called my senator and representative every day for a week before it was approved. I can't believe they are seriously this stupid. I want to punch them all in the throat.
hikinmike27 3 years ago 4
do it!
circlejosh 3 years ago
MEDIA LIES EXPOSED
MILITARY/MEDIA COMPLICITY PROVEN 100%
SEPTEMBER CLUES....
THEY tell us ONLY what THEY want to...
& it's ALL FALSE...
we want them DEAD....
plain & simple....
wsee 3 years ago
Obama or McCain will end up being the unfortunate fallguy and scapegoat of this outcome, which I assure you won't be pleasant
debaucheryBotched 3 years ago 3
-----Original Message-----
From: CNN Breaking News
Sent: Fri, 3 Oct 2008 1:30 PM EDT
The House has passed the economic bailout bill 263 to 171.
DJEndres 3 years ago
And the majority of the votes to hand over 700 billion dollars to the wall street crooks came from DEMOCRATS. Once again they sell out the best interests of the American people to corporate power. Once again they prove they are the same party now. 700 billion dollars. This is like Bush's icing on the cake. The worst President in history leaves office with the biggest SCAM in history. Thats what this is is a fucking SCAM!!! Watch were the money goes! Straight to the top! THIRD WORLD USA.
LeftLiberalSoCal 3 years ago
This comment has received too many negative votes show
The House has now passed the bailout - thank heavens
maxine2win 3 years ago
Obama had 94 opportunities to side on the people's side and reduce taxes, and 94 times Obama voted to increase taxes or not support a tax reduction — 94 times.
kamajiboy 3 years ago
With this bailout being passed taxes WILL INCREASE regardless of a McCain or Obama presidency. There is no public opinion of increased taxes that is going to be heard after this passed. This is 700 billion dollars!!! Taxes WILL increase to cover this and the war deficit (which is still growing on a daily basis)
debaucheryBotched 3 years ago
Another good reason to vote for Obama
Taxes need to go up and spending needs to go down
Hopefully President Obama will facilitate solid tax increases and end the Iraq war to reduce expenditure
maxine2win 3 years ago
"Now, therefore Her Majesty an pursuance of section 179 (1) (a) and (2) of the Social Security Administration Act of 1992 and all other powers enabling Her in that behalf, is please, by and with advise of Her privy Council, to order, and it is hereby ordered as follows:"
offthahook08 3 years ago
"This Order may be cited as the Social Security (United States of America) Order 1997 and shall come into force on 1st September 1997." Does this give a new meaning to Federal Judge William Wayne Justice stating in court that he takes his orders from England? This order goes on to redefine words in the Social Security Act and makes some changes in United States Law."
offthahook08 3 years ago
"Remember, King George was the "Arch-Treasurer and Prince Elector of the Holy Roman Empire and c, and of the United States of America." See: Treaty of Peace (1738) 8 U.S. Statutes at Large. Great Britain which is the agent for the Pope, is in charge of the USA 'plantation.'"
offthahook08 3 years ago
"What people do not know is that the so called Founding Fathers and King George were working hand-n-hand to bring the people of America to their knees, to install a Central Government over them and to bind them to a debt that could not be paid."
offthahook08 3 years ago
"First off you have to understand that the UNITED STATES is a corporation and that it existed before the Revolutionary war. See Respublica v. Sweers 1 Dallas 43. 28 U.S.C. 3002 (15)"
offthahook08 3 years ago
"Now, you also have to realize that King George was not just the King of England, he was also the King of France. Treaty of Peace * U.S. 8 Statutes at Large 80. On January 22, 1783 Congress ratified a contract for the repayment of 21 loans that the UNITED STATES had already received dating from February 28, 1778 to July 5, 1782. Now the UNITED STATES Inc. owes the King money which is due January 1, 1788 from King George via France."
offthahook08 3 years ago
"Is this not incredible the King funded both sides of the War. But there was more work that needed to be done. Now the Articles of Confederation which was declared in force March 1, 1781 States in Article 12 " All bills of credit emitted, monies borrowed, and debts contracted by, or under the authority of Congress, before the assembling of the United States, in pursuance of the present confederation, shall be deemed and considered a charge against the United States"
offthahook08 3 years ago
Now after losing the Revolutionary War, even though the War was nothing more than a move to turn the people into debtors for the King, they were not done yet. Now the loans were coming due and so a meeting was convened in Annapolis, Maryland, to discuss the economic instability of the country under the Articles of Confederation.
offthahook08 3 years ago
"The original State Constitutions were never submitted to the people for a vote. So the governments wrote new constitutions and submitted them to people for a vote thereby binding the people to the debts owed to Great Britain. The people became citizens of the State where they resided and ipso facto a citizen of the United States. A citizen is a member of a fictional entity and it is synonymous with subject. What you think is a state is in reality a corporation, in other words, a Person."
offthahook08 3 years ago
Please understand that the original signers signed as the proposers and representatives, making the first a binding agreement. All developments that arose after the fact were acts of treachery.
Abnermoon 3 years ago
"By: Stephen Kimbol Ames Queen Elizabeth controls and has amended U.S. Social Security, as follows: S.I. 1997 NO.1778 The Social Security ( United States of America) Order 1997 Made 22nd of July 1997 coming into force 1st September 1997. At the Court at Buckingham Palace the 22nd day of July 1997."
offthahook08 3 years ago
Let's call attention to those who voted no.
Show them to be worthy of praise.
Embarrass the others.
iMBBonlyone 3 years ago 2
Thank you for the video. The tax payer, particularly the poor girl and guy must not bail anybody out. The US corporate mafia did it to this country, and they have the responsibility to solve the problem.
nicolatwo 3 years ago
I can't believe how fucking stupid you would have to be to vote for the bailout. ITS GOING TO MAKE THINGS WORSE! HLY SHIT! Hasnt anyone taken economics 101?!?!?!??! ITS SOOOOO SIMPLE. ITS SOOOOO OBVIOUS! AHHHHHHHH IM LIVING IN A COUNTRY OF IDIOTS!!!!
treysparker 3 years ago
This latest bail out plan is designed to bail out foreign investors and banks. As soon as it passes I would expect them to pull out all their money and leave us all hanging with the debt. We are not being told this by congress I dont trust any of those A Holes. We have had this problem for 25 years and it been hidden from us.
We need to take back out government!!!
vidforum 3 years ago
o wow somebody gets it!!!
iMBBonlyone 3 years ago
Sometimes individuals need to keep their mouth shut. But instead people have the need to feel important, and want people to think that they are knowledgeable when the reality is that most of this mess is planned, this is not by coincidence.
Lindsdollaz 3 years ago
The bailout is just "voodoo" economics!
The emails and phone calls to Congress are 90% against this bailout. Lets just see which party is responsive to the American people. Isn't it McCain and Obama that keep saying they are going to fight for the American people. Well, it seems like the American people are all alone in this fight!
DD826 3 years ago 3
This guy doesn't understand many things, but he's right on one, the bail-out is a mistake.
KillaHug 3 years ago
I do agree with most of this guy says. However, the definition of a "recession," at least according to most economists, is two consecutive quarters where the GDP decreases. If I am correct, our GDP still increased last quarter despite the huge rise of unemployment.
Other than that, great video.
Vote Bob Barr everyone!
electricneedleroom 3 years ago
Here (pass this around) its a video list of those (by name) who voted yes in every state.
watch?v=sRi9zvL9t-c
I was SHOCKED that my state said they were overwhelmed by calls against this bailout ONLY TO FIND 5 out of 6 of them VOTED YES!!
Find out who voted which way in your state and give them hell if they voted yes!
KARStarla 3 years ago
Not only dont I trust this administration, I dont trust lenders because of what they did and I think eveyone who has a congressman (whether republican or democratic) if they voted for this bailout GET THEM OUT OF OFFICE!
And Pelosi blames Bush when she herself stood in the way of impeachment.
Congress is either for the crooks or for the people.
By the way... have they at all mentioned THE CONTROL ALT A LOANS RESETTING???
A TRILLION DOLLARS IN 2009 and 2010!!!
KARStarla 3 years ago
Charlotte333 3 years ago 2
The people thinking the Dems vs. Reps bullshit is for real or that either of these parties has a CLUE as to what is going on are sorely misinformed. This is the Federal Reserve and the Treasury committing a crime against the people. It's not the Democrats or the Republicans. It's the PRIVATE bank known as the Federal Reserve. Google "The Money Masters". These are the same money changers that Jesus drove from the temple. Whether you believe in divinity or not, there was a reason he did that
zandafar 3 years ago 2
Yeah and did you see that Dennis kucinish was the only one to bring up the trillion dollars that the Alt A loans coming due in 2009 and 10 will do?
KARStarla 3 years ago
I cant believe that the only explanation of how this happened we hear is that loans were give to people who should not have gotten loans. Somehow, loans to poor people brought the economy of the worlds only superpower to its knees.
WTF?
Somebody somewhere needs to fess up. Something is very rotten in Denmark.
mizilus 3 years ago
Either they were extremely stupid to make this move OR they were corruptibly ingenious to "time" economic bombs to go off to take down this nation. The criminals are the lenders because the poor as well as the rich should be able to get loans BUT in a proportion to what their ability it is to pay back. But I do believe this was a planned way to economically destroy this nation and we know they are not dummies, the system is corrupt and they want to tie us all into it. Look to 2009's bombs
KARStarla 3 years ago
Washington and Wallstreet are demanding that the American people "bailout" the elites risky investments. They were not shareing the wealth, when their stocks were up.
What, the American people are suppose to give them our money, so they can loan it back to us?
DD826 3 years ago 2
Kill the Bailout! The market came up today. There is no need for a bailout. Paulson said a year ago on video that he thought the economy and banks were the strongest he's ever seen in his career. Now an emergency right before Bush leaves office and probably Paulson too? This is only an attempt for Bush and Paulson to give 700 billion to their rich buddies before leaving office. Maybe I'll stop getting all these damned credit card offers in the mail.
speedmeisterp 3 years ago 3
Yeah and the Fed infused 630 billion dollars into wallstreet as well
KARStarla 3 years ago
To late they got the money, sad but true, good try tought., whats next ?????
ITwarriorTI 3 years ago
NO BAIL OUT!
BalanceFx 3 years ago
228 economic terrorists voted to destroy the USA
205 wise heads voted to save the USA
Let's hope next time they vote sense will prevail
and
This election is too important to get wrong
Obama might not be ideal but he is much better than McCain
maxine2win 3 years ago
You need to remove the bong from your mouth.
The $700 billion, if it is approved, will simply be sucked into a black hole of insoluble debt.
The bankers will run with it in glee and the economic catastrophe will still come - except now, the government won't have the credit left to be able to help Americans get throught his difficult period.
Oops.
kdenninger 3 years ago
kdenninger,
You are exactly right. The elites will yank the money and run.
Bush's support of this robbery, reminds me of when Clinton pardoned all those criminals, in the eleventh hour of his term.
Bush is going to bailout all of his people and run back to Texas. And I voted for that "tool" twice. Shame on me.
DD826 3 years ago
I heard Bush bought property in Brazil, maybe he'll run there?
KARStarla 3 years ago
The root cause of this disaster is land speculation, i.e. real estate speculation, the grand historical American pasttime aggravated by the increase of money supply by the Fed, low interest rates and creative marketing by Wall Street geniuses. Bail all you want or not, the long term solution to this recurring idoicy is the Georgist tax on land values that forever removess the incentive to speculate with community created land values while giving incentive for real capital investment.
ourearthhome 3 years ago
What does Obama want? Barack Obama wants you to suffer. Barack Obama wants higher prices on fuel right now. Barack Obama wants a windfall profits tax right now. Barack Obama wants to raise your income taxes, by the way, right now. He wants to raise capital gains taxes right now. He wants to raise Social Security taxes right now. Obama wants you to suffer. The Democrat Party wants you in pain.
FrankCastlez 3 years ago
chena3 3 years ago
Thank you, 228 members of the House, for voting against the Bailout.
Stock prices tell us that the $700B Bailout would have propped up the DOW by only 500 points. (Down 777 yesterday, up 250 today).
Hey, Government, STOP interfering in the markets. The only reason for a big 777 point drop yesterday was government interference (Bush promising a bailout that never came).
Anyone who is too wimpy to watch a 500 point drop in the Dow should SELL their stocks immediately.
dixonblog 3 years ago
Uh, up 485. Funny, that. Right back where it was before the vote.
Now let's talk about the 80 handles the SPX lost from the time Paulson said this had to be done and was "in the bag" to when the vote was taken.
Mr. Market didn't like that bailout so much, did it?
kdenninger 3 years ago
This is exactly what I was thinking. I'm in England, but we were talking about this yesterday; and everyone agrees, you can't fix a debt by throwing already allocated money at it. It's like paying credit cards with electric and gas tokens.
The $700 billion is not a surplus, other projects will suffer - on top of that, there is no sign that the practise that led to this situation will cease, and so this bailout will only delay the inevitable.
Maybe they hope the war will be over by then.
ourben 3 years ago
I'm listening.
nicanicabad 3 years ago
I'm wondering just how big a crisis this really is. The Democrats have been saying it's a crisis. The president has been saying it's a crisis, but has anybody actually been treating it as a crisis? Now, by this I mean something very simple. The Democrats had the votes all last week to do this. They could have avoided a week of angst, they could have avoided a week of anxiety, they could have avoided a week of nervousness, but they didn't.
FrankCastlez 3 years ago
FrankCastlez:
I believe you're right. How long have Americans been losing their homes and investments? Yet, right before an election it suddenly took precedence.
Wake up and smell the bullsh*t Americans1
AnonOutreach 3 years ago
I cannot believe you idiots are blaming each other (Republirats/Demorats) THEY BOTH HAVE SCREWED US!! IT'S BOTH PARTIES FAULT!
You keep fighting amongst yourselves and they (the two party system) LOVES IT! You are mad at each other instead of being mad at them, no one wants to blame their own party! I BLAME BOTH! IMPEACH EVERYONE OUT OF ALL THREE BRANCHES AND LET'S START FRESH! CHARGE THEM WITH TREASON! LET'S DRAG THEM OUT OF CONGRESS AND CHARGE THEM WITH TREASON!
rage1605 3 years ago 5
Rage1605, you are exactly right. The Elephant= The Donkey. By dividing us they have conquered us. The only parties now are THE NEW WORLD ORDER vs. WE THE PEOPLE. Pick a side because the time is coming.
Gilgamesh73 3 years ago
the bailout was canceled
however, depression is still inevitable
companies will collapse
people are losing their jobs
recession is still happening throughtout america
lemaster092 3 years ago 2
It's over!!!!!
WhoCaresFU 3 years ago
"The Bailout" is a wonderful example of how corporations canNOT rule the people in a just manner. The New World Order is the Bailout of all national sovereignties surrendering their liberty and freedoms to a corporate fascist state that rules by PROFITS with NO accountability. This is a great example and should be noted throughout that Corporations need political governance with the added feature of a separation of Big Business and State! Skrew the New World Order and their whore Slave Masters!
NDNWatch 3 years ago 4
This is so much larger than republicans vs. Democrats...
cybertek1 3 years ago 3
So you're saying that we're destroying trust because we don't let the banks go into bankruptcy. If we let them go into bankruptcy we will still have trust?
sojournermobile 3 years ago
If you invest in senior level debt in a bank the goes bankrupt, you'll probably still get your money back...
Also, if we exposed exactly what assets were held on balance sheets, the market would be able to determine how to allocate its trust and balance its risk and reward. Now, there is simply no way to know...
ajas95 3 years ago
The bailouts were a moronic idea, the government and federal reserve were the root cause of the great depression, and they're the root cause of this upcoming depression.
Let the market heal itself.
AnduinX 3 years ago 4
DOWN WITH THE FED!!!!!!!!!!!!!!
davinita3 3 years ago 2
blah blah blah.
claudius1964 3 years ago
Thanks for breakin' it down!
Noooooooooooooo Bailout!
Yeaaaaaaaaaaaaaaah!
divajc 3 years ago
We the people should force OUR Congress
to start congressional hearings right
away to unearth all illegal actions
associated with Fannie and Freddie.
I hope I live to see the punishment that
Barney Frank, Chris Dodd, OBAMA, CLINTONS
etc. deserve receive.
gunsandguitars7 3 years ago 5
Maybe Bush should give himself the Metal of Freedom. Heck of job his and his party has done. LOL.
eelzen 3 years ago
Then why is it the Republicans that are the only ones looking out for the Americans? They're the only ones trying to defeat this bailout! Get a clue. They're the ones trying to change this bill to something that will protect the taxpayer in the end. It's the Dem's who would've passed this bailout in a heartbeat and we would've been stuck with the bill. Who defeated the bill so they can work on it more? THE REPUBLICANS.
Kristine4321 3 years ago
Stop being a moron. Both Democrats and Republicans opposed and supported this bill, Nancy Pelosi. And the Republican president of the United States tried to pressure Congress into passing the bill. Republicans are the minority in Congress, so obviously they needed help from some Democrats to table the bill.
Fuchsia 3 years ago 2
I'm surprise you don't mention any republicans... if i recall correctly things were fine during the clinton administration...we had a SURPLUS! what did Bush Economics / Mccain and his republican give us during these last 9 years? oh yeah, a complete wipe out of our capitalist society...AMEN
miocid31 3 years ago
Sorry, but you need to get your facts straight. At NO time ever did Clinton have a surplus. Check the U.S. Treasury website..it's there for all to see. He left Bush with over a 300 Million Deficit. It was also Clinton who started this whole mess by de-regulating the banks before he left. He was the beginning of this meltdown. And don't forget...it's been a Democratic Congress that has brought about all this mess. Bush can't do anything because they block everything and anything.
Kristine4321 3 years ago 2
Uh no when bush got in power it was a mother fecken republican Congress and The Bail out is a bi-partisan neither group really wants it Democrats hate and I MEAN HATE bailing out the rich and republicans hate giving a bone to any one so stop trying to pin it on one side when the real problem is the Fed and its cronies
Aquafis 3 years ago 3
It was under Clinton, I believe, that the Community Reinvestment Act was passed, forcing lenders to loan to people who they would normally deny. That definitely sped up this whole economic collapse thing... The war is costing billions that America does not have, thus causing inflation. Americans have failed to embrace bills put forth to impeach Bush... this has also ruined the economy. And finger pointers like you and Nancy Pelosi are destroying America!
Fuchsia 3 years ago
yes. let these banks fail. they're obviously broke FOR A REASON. the only intervention I could see as useful, is ensuring their share of the market gets bought up by other american companies, and not by china. the market will rebound. traders sold today because of media-created panic. let the market fix itself. if you bail out these companies, they will continue to perform actions that threaten the entire marketplace. let more competent banks take their place.
cgraham1930 3 years ago
The bailout is doomed for failure. You're trying to fix the problem with more of the same symptoms that caused the problems.
You can't fix a system devastated by bad lending practices with more BAD lending practices.
700 billion dollars? These guys don't even qualify for a 100k home mortgage, and you want to give them 700 billion.
The market is falsely manipulated. The fiat currency of the United States has been falsely manipulated. Until you allow them to correct, you're screwed.
UncleRico13 3 years ago
this crisis has served as a stunning referendum on the people's esteem of their representatives. it seems the silent majority has finally neared the limits of it's patience.
hiodr 3 years ago
Solution to fax to congress for next bill: Force all off-balance sheet "assets" back onto the balance sheet, and force identification of individual assets out of Level 3 and into 10Qs and 10Ks. Force all OTC derivatives onto a regulated exchange. This defuses the derivatives time bomb.
Force leverage by all institutions to no more than 12:1. The SEC intentionally dropped broker/dealer leverage limits in 2004; prior to that date 12:1 was the limit.
brianred5 3 years ago
I'm sure Americans would vote Bush back into Office if he could run again, that's the sad thing....
We make fun of Bush's IQ level but we don't consider the IQ of those who gave Georgey Boy a second term.
Maybe a depression will be a good thing.
lindmar 3 years ago
I emailed Nancy Pelosi and my state senator twice this past week. My daughter made a couple of calls as well. Now that the house has voted. Where to next?
tle021764 3 years ago
called 20+ representatives this weekend
we the people ..do not support this bail out ..
if you support this bill ..we the people.. will vote you out of office .
respectfully
a citizen ...
no bailout for thieves ..
power to ..we the people ..
peace out friends ...
email any rep.... is an election year
the time is now ...
chena3 3 years ago
But, I would argue the derrivative market is what keeps that third part of the structure liquid over time.
amotisi8859 3 years ago
you must be happy being short the S&P
jazzzjackrabbit 3 years ago
I was too busy doing political work to be trading. Made essentially nothing.
Saving America is more important than making money.
kdenninger 3 years ago
It went down THANK GOD.
But this is not over folks. New video coming...
kdenninger 3 years ago
This has been flagged as spam show
forget about the bailout and watch this funny video of obama and palin having sex in the white house. watch?v=ITwFiwuCIT0
barackh0bamadotcom 3 years ago
Boehner did something very stupid after the vote, he said he was voting for the bill until pelosi pissed him off, this takes the heat off the bill and puts it on what looks like petulant brats in the house. In essence he did a kerry,... he voted against it after he was for it, what a dumbass.
Baileygeep7 3 years ago
THEY A MAKING A MOCKERY OF OUR CONGREESIOANL
PROCESS !
Don't let them get away with this!
Congressional martial law: eliminates the requirement for a 24 hour delay from the time a bill is presented and when the voting takes place to allow congress to actually have time to read what they are voting for. CML states that the bill has to be voted on when presented, not giving anyone time to read what they are voting for EXCEPT the few who drafted the bill behind closed doors!!
2oldforallthisBS 3 years ago
well my fellow Americans, I guess we cant let the piggies be in carge of the trough any more.
mizilus 3 years ago
Dow 10,365.45 -777.68 -6.98%
OK now WhattTTTTT! They are crashing the Market.
offthahook08 3 years ago
holy ****, a 10 minute video about the economy that does not involve the term "global government" "NWO" or "Illuminati"
excellent work my friend. Thank you.
thequietkid10 3 years ago
Mega-Million Dollar CEO Payouts Washington lawmakers debate as massive, bailout for Wall St firms. CEOs under scrutiny for multi-million-dollar salaries, when their companies suffered. Cash Salary,Stock,& Pay Total Lehman Brothers
2007 Richard Fuld
$5,000,000 $66,770,000 $71,770,000
2006 Richard Fuld $7,000,000 $55,323,679 $62,323,679 2005 Richard Fuld $14,500,000 $89,500,000 $104,000,000 2004 Richard Fuld $11,000,000 $24,300,000 $35,300,000
onstageagain 3 years ago
Just in the last 20 or so years... junk bond bailout, S&L bailout, LTCM, Stock bubble and Accounting scandals, Housing-credit bubble...we get one of these every 6 or 7 years. As long as the same garbage that caused it, fixes it, ad nauseum will continue. So far this one is shaping up to be worse in this respect than anything previous, what a country, enjoy the one-party system, it's here and it's brought to you by the now Ministry of Propaganda, the former so-called news media.
Baileygeep7 3 years ago
Comment removed
dconjar 3 years ago
It failed? I didn't know. Need to go get my news. I'm glad to hear that.
meloearth 3 years ago
Three words:
Community Reinvestment Act
Wiki this immediately. The dems got us into this mess by forcing the mortgage industry to give loans to the poor. Put these socialists in jail!
ironworker20008 3 years ago
ironworker20008
Spamming that lying bullshit on every vid will not make it true.
mizilus 3 years ago
Dumbass mizilus, LOOK IT UP. This is a known fact!! Jesse Jackson bitched so much and through out the race card so much that banks were forced to give in to keep from being called "Racists". Now the banks were giving loans for quarter million dollar homes to people who were lucky to make $20,000 a year working for McDonalds. My neighborhood has 4 houses that have been foreclosed on. ALL OF THEM WERE PEOPLE TRYING TO LIVE OUTSIDE THEIR MEANS. Let it go. It is the democrats fault. Duh!
crawdaddy357 3 years ago
Starting two wars, cutting taxes, and telling everyone to go shopping with borrowed money are the Republican chickens coming home to roast.
Vote for a change.
eelzen 3 years ago
Amen - I did not leave my party, it left me with its big government!
Vote Obama so that the Republicans get the message!!!!!
TruBlueRepublicanSue 3 years ago
the house democrats voted for this bailout 2 to 1 over the republicans. They are both the same. The only answer is to abolish the federal reserve. Ron Paul endorsed Chuck Baldwin for pres and I'm voting for him.
batgirl791 3 years ago
Yeah but Hillary had thouse democrates under her wing---ill wager.
streetlif9 3 years ago
Obama got campaign money from AIG, Lehman, Freddie Mac, Fannie Mae. Guess why.
mav75rk 3 years ago
mav75rk
because the crooks alwas contribute to both political campaigns (though usually to a lesser degree to democrats)to try to share the blame. Just look at ken lay and all the usual suspects at enron.
mizilus 3 years ago
democrats have been the largest recipients in this section of the economy since 1988
in fact, senator Obama is the 2nd largest recipient of money from AIG, Lehman, Fannie Mae, Freddie Mac and the like, of all congress members since 1988
mav75rk 3 years ago
yea, who was the 1st largest recipient?? John McCain??
kellann55 3 years ago
senator chris dodd (Democrat) was #1
democrats were # 3, 4, 5, 6, 7, 8, 9 and 10 as well
banks, Fannie and Freddie bet heavily on the democrats to prevent the new regulations. Regulations co sponsored by sen John McCain.
Don't take my word for it, check the congressional record. They are required to keep it and we can see it. That's how we know.
mav75rk 3 years ago
Guess why? mmm, because the McCain campaign drop some money on the floor on the way out the door and AIG, Lehman, Freddie Mac, Fannie Mae said, give some to the black dude?
Screw dittohead Fox Noise and swiftboaters this time maw75k. Vote for a change.
eelzen 3 years ago
democrats have been the largest recipients in this section of the economy since 1988
in fact, senator Obama is the 2nd largest recipient of money from AIG, Lehman, Fannie Mae, Freddie Mac and the like, of all congress members since 1988
mav75rk 3 years ago
So after 1988 the dems wise up and starting beating the repubs at raising money? OMG! Off with their heads!
Must to do about nothing mav.
eelzen 3 years ago
We have to give $700 billion to these Wall Street fat cats instead of to ordinary Americans because, well ... ordinary Americans don't give very good bribes.
Anyway this bailout will enable important rich people to be able to hire you ordinary people to clean these wonderful mansions you would otherwise never see the inside of ....
You are so lucky !!!
johnnybandmember 3 years ago 2