Bush, Paulson & Bernanke object to mortgage bailout programs

[Ironoff]

All this trouble for bricks and mortar... buy a tent instead.

[tickyul]

Ameritards cannot even take responsibility for their own financial mistakes, Big Brother will come in and save them. You buy a house that puts a big strain on your monthly budget, then, you go out and buy a bunch of junk with a credit card, then, you get a heloc so you can go out and buy more junk. Why has this society lost all discipline, because they can rely on Big Brother to bail them out.

[Elpha22]

@tickyul YEAH! Because a majority of bankruptcies in the US is not caused by medical bills!! What's that? They are? You mean that most of the people that can't afford to pay their mortgages are due to the fact that they have to decide on whether a house payment or a health payment is better? But.... um.... er...

Money management?

[tickyul]

@Elpha22 The fact is medical bills may CONTRIBUTE to most bankruptcies, bills are a fact of life, why take the easy way out. I have little sympathy because I know how undisciplined the average Ameritard is, spends way beyond their means. The genesis of the financial meltdown was the housing bubble, caused by Ameritards not paying their bills,

[agentoj]

...Blah Blah Blah. Two-faced shit bag. We wanna use this economic growth package to buy bad mortgage securities...once he gets the money he changes course and buys equity securities. Fuck head.

[tickyul]

@agentoj Yep, but did'nt the fed also buy nearly 1 trillion in mortgage securities? Lot's of stinky paper to go around.

[SupportDavidDuke]

For the people who don't want to be fooled anymore go to David Duke's website, read the articles about this rediculous bail out and support our cause!

[GrampawUniverse]

always interesting

[Epicurus2828]

This isn't a minor bump in the road, folks. If this problem isn't fixed quickly unemployment and inflation could sky rocket.

Credit is already drying up. So, if you want to borrow money for a house, car, student loan, etc. you'd better have an excellent FICO score - otherwise you'll get squat.

Phone your Congressman ASAP and tell him to approve the next proposal. Otherwise you and your family could be standing in soup lines like your parents or grandparents did last century.

GWB sucks!

[tickyul]

@Epicurus2828 These are structural problems that have built up over many decades, no fix in sight. It would take the Retards in both parties to work together on TRUE systemic changes...uh, that is not going to happen. The Republirats and Demorats are mostly interested in staying in power.

[samten10a]

@tickyul It was (THE GOVERNMENT HAS NO BUSSINESS IN CONTORLING BUSSINESS.) Ever time I hear that or some thing like that 4 to 6 years latter that industry melts down and the citizens get hurt and gov bails them out.

[samten10a]

@tickyul

.

IMost of lack of regulation is because of a lot of bad PR that started back in 1965. It convinced the citizens. So when congress had a poll of the citizens wanted guess what. That poll showed the citizens wanted the gov to DE-REGULAT what ever industry and that allow the crooks to rip off the citizens. Do you want hear what the PR propaganda was????

[tickyul]

@samten10a Well, at least the US government could start to dismantle Fannie/Freddie, that would be a start.

[jackb2010]

Pussy ass Dems, they had enough people to pass the bill on their own. Hell over 60 dems didnt want the bill and voted no. I say let wall street burn, fuck em, sometimes the forest needs a fire to make it grow better. The average person will be fine. My 401k will take a little hit but what the hell. The wall street millionairs will have to give up a mansion or two but oh well. There are enough rich companies who will buy fannie and freddie and make it work. Thats what america was built on

[UnconcernedCitizen]

I will contribute to the bailout fund if Henry (Hank) Paulson — U.S. Treasury Secretary, former Goldman Sachs CEO, and all-around bald guy ponies up the $200 million in capital gains tax he was exempt from having to pay. It seems Hank made a bundle from 2003 to 2006 and did not have to show Uncle Sam the money. I made around $17,776 during the same period and though I have already paid Uncle Sam, I would cough in a few more bucks if Hank throws up, err in, his $200 million.

[hurchel]

amen, unconcerned citizen well said. Of course neither of us should hold our breath..

[tickyul]

@hurchel Be carfeful of what you say my freind, Big Brother is watching.

[gsukrw06]

i wish people would stop leaving comments on videos and start taking up arms...that IS still a civil liberty if im correct, even though theyve tried to get rid of that one too! how far are u willing to go if they pass this bailout without a vote?? march on D.C.? NO TAXATION WITHOUT REPRESENTATION!!

[tickyul]

@gsukrw06 Careful, Careful, Big Brother is monitoring.

[gsukrw06]

@tickyul ...I'm an enemy of the State and I want the State to know it! Big bro won't do anything and if it ever did, I'd welcome the opportunity to protest within a legal framework.

[tickyul]

@gsukrw06 The Nsa's Predator System can monitor just about EVERY electronic transmission in the world. A computer algorithm can screen these transmissions for PHRASES of interest, including Youtube posts. When these posts are Red Flagged, they will be evaluated by a human for further classification......you may end up getting on the US Governments LIST, it you know what I mean. This is not tin foil hat stuff, it is real.

[gsukrw06]

@tickyul I know, I believe you. It doesn't sound crazy to me. What I'm sayin is: I don't care...if my comments on youtube haven't gotten me on the "list" then my group affiliations, voting record, financial contributions, and books will. I want you to get up out of your chair, go to the window and yell, "I'M AS MAD AS HELL AND I'M NOT GONNA TAKE IT ANYMORE!!!" lol

[2QBUFF]

Give the American people a referendem ...You won,t get it the same way as we in Britain wont get a referemdem on going into the EU ..this is fascism

[coach2ma]

Is there any more proof that the US is completely finished as a sovereign, democratic nation? The NWO crowd has now succesfully implemented their plan for a conversion to a permanent plutocratic model, fully endorsed by both the Republicrats and the Democans. Neither Obama nor McCain will do anything but accelerate this process. Don't we invade countries for nationalizing economic sectors like we are about to do? The middle class have been vacuumed out...ON PURPOSE.

[sexytimegirls]

something needs to be done, or else unemployment will go up to 10 20% levels. last week we almost had a market crash. CRASH. i say cut taxes though... 300 billion already spent this year on bailouts.

thank lord there was a bipartisan effort to say WTF to the original bill. "heavan help us all" if uncle sam turns us into socailist. never mind they already own the mortgage market, or 30% of the economy

[nlightnd07]

sexy - unfortunately, the "something needs to be done" is that we do NOT bailout financial firms. IF the market crashes and IF the economy goes into a depression, THEN our government can help those needing help through back to work programs to rebuild our crumbling infrastructure. Giving money to millionaires that created the problem = giving billions to oil companies (OH, I FORGOT, WE ALREADY DO JUST THAT). Do NOT be fooled - just more FUD - fear, uncertainty and doubt. Remember Iraq?

[DMFist]

dude these guys are the biggest Hustlers there are!! 700Billion Dollars

[Outmodus]

Spare me this mockerey of justice..

Once outmoded, you Fall and die,

just like evolution itself.

These liars & professional conmen need to fall, all liars involved need to be replaced &

sentenced to stop the ongoing corruption.

Please, Fall and meet your end with dignity.

[MKCmobile]

Let them eat cake... NO BAILOUT FOR CRIMINALS! The correction needs to happen regardless of this action. This does nothing but debase the currency farther.

[alonelychild]

Japan suffered the same process during 1985 to 1992, up to 1997. Together with the Great Depression, Ben Bernanke dedicated his academic life to study policy making in those two situations...

What happened to Japan in months to have a responsive reaction from gov, now takes in a matter of hours.

[alonelychild]

Folks, the alternative for this massive bad goverment intervention is not intervention at all. To do so, the bad assets that are in the balance sheets will force a reduction of credit and money flowing at the escale of between 1 to 12 (as basil 2) up 1 to 35 (Lehman´s balance sheet). Multiple 700 bi per 12, 21 (Goldman Sachs), 35 (Lehman). That´s the amount of money to disappear from the real economy! Remmember, as average american has a 120% debt of his year income! Rates will go hiking, ....

[Eric13Bravo]

There in lies the problem, our economy isnt based on manufacturing anymore, instead its based on credit, debt., and spending.Investors for the last 30 yrs have been allowed to move all our factories overseas so they could make a much higher margin, putting millions of America's out of work.For every well paying factory job lost 5 related jobs also disappeared destroying entire communities. This bailout is like putting a bandaid on a hemmmoraging wound.There will be an eventual total collapse.

[apemanrobotic]

I'm sitting here with my young son. He is watching Who framed roger rabbit. Paulson looks just like the Bad Guy!!! Judge Doom lol

oh god. Henry Paulson (former head of Goldman Sachs!). This is one of the most dangerous moments in American history. From Section 8 of the proposed legislation : "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Facism?!

[KataVideo]

but hey, let's give this jagoff paulson $800 billion we don't really have to spend any way he wants. except on providing relief to homeowners. or providing healthcare to all Americans. or permanently fixing social security, medicare and medicaid.

[Dan4157]

Indeed sir.

[talktal]

oh, how times have changed

[WHEREtheFUNK]

this is so fkd up i cant believe how fucked up this is ...i just want to throw up. these guys totally trashed the entire world through greed and corruption.

[markco61]

Look at history, empires collapse, they are not permanent or omnipotent ...everything passes, let's hope something better takes it's place. There is humor in everything ..so I'll just sit back and laugh as they try to prolong the inevitable and help each other with bigger band aids.

[mrteryx]

Yes, you can sit back and laugh and maybe it is the Buddhist thing to do but while you are sitting on your hoochie-coochie, remember this, this type of thing is like a spreading cancer. It will be a tidal wave that will crash upon your shore. Sure, what can you do? I suggest investing in waterwings. They may eventually deflate like the US economy but it will keep you above water until the waves subside. The question is when.

[impactmo]

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[ghorse68]

If only the Bush administration acted this quickly for Katrina

[moosenstine]

Nether conservative nor Christian.

Why tell the truth, when a good Republican lie will do. Thanks KinGeorge:

Mission Accomplished

[greenlife01]

it is a desaster. motherfucking bank bastards....

[XConservative4LifeX]

Bush WAS NEVER A CONSERVATIVE but a socialist. A conservative would never bail out wall street pirates and incompetents at the expense of the American tax payers. Thanks to this bail out King George, you have doubled the American national debt in one weekend. Also, Paulson & Bernanke are crooks along wiith the Democrats and Republicans on the board of Fannie and Freddie who are going to make millions of this. If you think McCain or Obama will save this country, you must be a complete idiot.

[Choderific]

2:12 - 2:36

Were you wrestling a bag of cheetos?

[faulisdead]

The US is crashing and it will be worse than the great depression of the 1930s because it will never get better. Only option move to another country

[producerbigsouth]

You are so right many of us dont want to admit it but I already have plans to. Thanks for the truthful statement.