Credit Default Swaps - the next crisis?pt1

[tonmagicwon]

why are we whispering?

[handydude6]

No one is standing up to say; this meltdown was planned, and that it's about global financial, media, and political FASCISM. The US people have been dumbed down, by the CFR controlled media, and Rockefeller/Catholic educational dark ages. If the people knew what was really going on with the Central Bank the FED; there would revolution by morning. The foreclosed mortages are bundled and kept as assets by the money changers. America is quickly becoming a nation of surfs, renting from the Lords.

[FriedDaisy]

There are people standing up, but you'll not see their efforts broadcast in the mainstream media. 2008 has been a year of protests, rallies, marches & political awaking that has scared the beejesus out of corrupt politicians, criminal corporations & the big bellied bankers who've been capitalizing, big time, off the ignorance of the general population.

[FriedDaisy]

handydude6: Public figures like Dennis Kucinich, Ron Paul & Mike Gravel have stood up in a big way & organizations like the Campaign for Liberty have been very vocal & you can find several radio talk show hosts who dedicate most of their air time to these subjects, as well.

The biggest problem facing any meaningful movement for change is the mainstream media & its mission to lull & distract the public from the men behind the proverbial curtain who are holding the world's puppet strings.

[aln2325826571]

serfs not surfs - but i quite agree.

[handydude6]

Thank you ... you are right. I guess I surfed too much web and I forgot how to spell. lol

[pastorOFdisaster3]

Also check out the Financial Meltdown Rap song/video on youtube which raps about CDS.

Just type in Financial Meltdown Rap.

[Rizky06]

No Problem Default on Every CDS! Then this Financial Weapon of Mass Destruction will be Dismantled and become Extinct!!

[kinimalia]

reported on NPR 10/4/08 on This American Life that for the taxpayers to purchase this huge, stinking pile of garbage assets and get nothing in return is certainly possible.

However, someone in both Sen and House has added language to the bailout bill to give the Treasury Secretary the OPTION of requiring stock in the failed banks, along with the worthless assets.

Sort of like yes, we'll buy your bad debts, but we also get a share of your business.

Q: How do we force them to do this now?

[dh234]

I see what you mean. We deserve to be on the up swing of these businesses when they recover because we had to bail them out. We the taxpayers have the right to demand payments as they recover, to avoid being victims of the inflation once they recover to being billionaires again.

[saintveil]

US taxpayers bailing out the entire planet, every global investor who had purchased CDS. Some bought two insurance policies, being that there were no restrictions.

[dh234]

Yeah, if it was a EU company who made CDS here, the EU wouldn't bail the company out.

[flangelet]

Pity so many yanks prefer their feel-good lies to the unsavoury truth on their 'news' media.

"... and now a story about how this kitten was saved by a firefighter. BUT FIRST a word from our sponsors!"

[FriedDaisy]

flangelet: yanks don't know what they prefer because they haven't been given proper choices. They weren't given proper choices because unlike other nations they have a Constitution which affords to them an opportunity to do something about wrongdoing when it's brought to their attention Those in charge (the corporations who own the news organizations) are not motivated to reveal their wrongdoing to yanks via their news programing because they'd all have their heads on a stake by now.

[bizzybeezzzz]

Thanks for posting this. Alambka...you got that right!! LOL

[alambka]

Compare this to the dumbed down IDIOCY on CNBC.