Dodd & Shelby at Financial Bailout Hearing

[UncoveringConscious]

Dodd what a putz

[ASentinel2]

Grab anything and everything within your reach right now and begin wedging them up your butt!!

[kng863]

It doesn't matter what the rhetoric is. No one is able to determine prices of anything especially houses. People aren't willing to realize the correlation between prices and wages.

[smujismuj]

With a few exceptions, I think the board of the FED, Congress, and most of the last four administrations belong in prison.

[kng863]

Dodd and Barney was supported by contributions from the banking, real estate and insurance companies. After the collapse, I bet the politicians pulled some strings to lower gas prices.

[breen234]

To want a bailout is to give up. It is to want the gov't to fix your problems and hold your hand when you pee. The market is tough, it's evolutionary, it can't die! Unless the gov't makes it no longer free. The bailout hurts the market's freedom, it's a precursor to socialism. If you want socialism, then get the fuck out of the country! Go live in Europe or some place where the gov't will take care of you. If we live outside the gov't, we'll grow stronger. Facts of life people, fuck!

[delta9999]

You do realize that this isnt the first or second financial bailout that the U.S. government produced right?

And as you can see, its not the end of the world

[breen234]

i don't care how many bailouts have been passed and how many will be passed- i want no part of them. they mess up capitalism, and make people say things like "capitalism failed!" when really, capitalism is still fine and healthy- businesses are failing, and new, better ones have the potential to take their place. no, these bailouts aren't the end of the world, but they are an end to capitalism, and i see that as just one more nail in freedom's coffin.

[woodyaan]

K.Marx is his Capital depicts how the capitalism in its developed period turns into a socialism (as developed socialism into a capitalism), when the government intervention becomes inevitable to run the market. Therefore; the socialism structure is by default should be the societies economic basis.

[woodyaan]

In 1945 Stalin in order to save USSR from post IIWW ruins issued a bailout plan- is fact he sold Obligations(bonds) to the people later on paying them off, and a bank reform- giving away a cash for construction and specific purposes to individuals with no inter.rate.

If socialism- then do not finance the corporate banks, but take the model of Stalin. Ironic

[narfer121]

I am ready for the end.... are you?

search Illuminati. this is all part of one big sick plan.

[jprithvi]

shelby 4 president

[expatjen]

OMG, Shelby sounds exactly like Lenny Bruce's "Fat Boy" character. EXACTLY. Dude was talented. Just thought I'd share.

[virginlampoil]

Wouldn't it be great to be JP Morgan, buying 307B in WaMu assets, paying less then 2B, and then if congress passes the 700B bailout, selling probably 10s of Billions of Toxic Assets to us!

That's perhaps a 1000% return on one days work, pretty good deal I'd say, perhaps the greatest in history.

[NoObamain08]

chris dodd is so corrupt it is both funny and sad.

[ircjunk2004]

Now, imagine I write enough CDS to insure 1T of loan. When bad times come, like right now, loan default and customers are now asking me to honor the contract. Since, I "under estimate the reserve needed to honor these contract", I go bankrupt. Imagine what happens to all these customers that depends on me to honor these contract to stay solvent?

[ircjunk2004]

Of course it is due to not enough regulation. CDS is an insurance against loan fault. Just like all insurance, sufficient reserve is needed to back up the insurance contract. Since CDS is not regulated at all, I can write a CDS contract to you with no reserve as long as you are willing to take it. That is one of the fundamental problem with this mess.

[qzg1265]

It will take all of you boneheads to actually get off your ass and stop complaining and do something about it. Dont talk about supporting a third party candidate DO IT!!!!!

[sbecker3]

If you believe in Capitalism, and the free market then you also believe that inefficient and corruptive influences must be allowed to fall of their own weight. It is hypocrisy to yell fire in a movie theater when you are the one responsible for starting the fire in the first place. Multinational corporations are playing the public as suckers (again). Hard time will be here either way. Banks will sort out their own worries. How about bringing back all those regulations that Reagan disposed of?

[evan13579b]

sbecker3:

Regulations requiring people to finance bad borrowers helped create this mess. And the federal reserves regulation of the value of money also helped create this mess. This mess was not due to any lack of regulation.

[clarisd]

Also it doesn't mean not having a Free Market, the Market would merely have to self regulate and it would as it would not have the backing of tax dollars. The economy would slow and it seems that there are veiled threats of a stoppage of loans and ruin of jobs, all of this will happen away. Banks have to loan to make money and so they will loan. The market should work alone and separate from the Monetary system which should be ran by our Gov. New uses for the IRS.

[clarisd]

The Country that takes on the assets the actual assets and the properties and takes back it's power onto it's self and coins it's own money will be the wealthiest Country on the Planet. Giving the power to Private banks is the surest way to collapse a Nation.See taht when ever the mere mention of the US Gov to take on all this dept shows the Market rising, so with the asset of tax payers and the real assets a Nation that took back it's power would recover far faster than any other on the Planet.

[WizardKing78]

Apparently the bailout agreement will contain a clause which guarantees Paulson immunity from any future prosecution.

[erby1kabogey]

Throw them all in jail! The whole corrupt lot of them! Repulicrates are all the same! Jail all of them then start from scratch both Congress and the White House especially! This is just a dog and pony show to show the average moron American that something is being done about it!

[idrobinhood]

Pants with one pocket would solve the problem all of the bankers, politicians would be SOL.lol

[HughieGphiladelphia]

Vote Ralph Nader, stop the corruption!

Obama and McCain are the SAME!

RALPH NADER FOR PRESIDENT!

[photopicker]

we're f*****d ... hate to say it but the senators tell it like it is ... those who stood to profit were not about to share that benefit with you ... instead they want you to buy out their bad bets ... we're f*****d ...

[s10129107]

Chris Dodd. accepts all kinds of funny money. i dont trust him one bit.

[photopicker]

but the banks can be trusted ...

[momofsprout]

Exactly, photopicker. Dodd, at least, isn't willing to dump the debt on us without some old-fashioned American oversight. S101...wake up.

[njiancak]

good grief.