Sherman D-CA -- Bailout Bill is for FOREIGNERS not Americans

The truth was outed on Kudlow and Company on 9/30 by Brad Sherman D-CA. "Hundreds of Billions of dollars are going to bail out FOREIGN INVESTORS."

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News & Politics

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• Bailout
• $700
• Billion
• Paulson
• Treasury
• Congress
• Senate
• House
• FedUpUSA
• FedUp
• Fed
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• USA

[jjrglobal]

This does not mean I agree with the bailout. If this scenario is true, then China will still have the trillions to use as blackmail anytime they wish. I fear that this is exactly what has happened. No one buys trillions of dollars worth of anything without doing extensive research. China knew from the beginning how risky the MBS were,they knew about the no doc liar loans, didn't matter they have the ace and are now calling the shots. I say let em dump the money now, get it over with

[jjrglobal]

I think, and this is just my idea of what I think happened, but I believe China held most of the MBS's and behind the scene China told Paulson that if they didn't make good on these MBS's that they were going to be forced to decrease there dollar holdings, all of them. This would explain his reason for saying that foreign owned securities could be bought. You know what would happen if China decides to dump 4 trillion into the currency market, hyper-inflation.

[jjrglobal]

What??????????????????????????­??????Does this have something to do with our economy? Didn't think so. Keep your fairy tales to yourself. Some of us are trying to figure out what the next move should be

[gardentoolnumber5]

All the Wall Street people are calling Congress asking them to pass the bailout, and they are getting paid to do so. The U.S. Chamber of Commerce has brought to bear all their resources so that we may continue to bleed jobs, have poison shipped in from China, Wall Street is protected and Paulson can continue his mischief. The age-old fight continues against those with wealth and privilege and the people. You would think there would be more good Americans like Rep Sherman. Yes, Ponder2006.

[FunkyVinylJunkie]

Amazing...looks like the country is just gonna bend over, take it, and ask for more.

[Givemelib3rty]

Psalms: 19 Surely thou wilt slay the wicked, O God: depart from me therefore, ye bloody men.

20 For they speak against thee wickedly, and thine enemies take thy name in vain.

.21 Do not I hate them, O LORD, that hate thee? and am not I grieved with those that rise up against thee?

22 I hate them with perfect hatred: I count them mine enemies.

[Givemelib3rty]

The concept of "perfect" or appropriate "hatred" helps us understand God's wrath and His hating Esau. Here I see hatred not as anger against evil people but a sense of their wickedness and zeal for the name of the Lord. If they are God's enemies, David says they will be his, too.

[ponder2006]

we are fucked! They are trying to bail out foreigners.

[StephJ623]

The "failed assets" that were created by US banks, were purchased by investors. They had no backstop, implied or otherwise. Investors take risks, every time they purchase. Why should WE pay for THEIR bad bets???????

[Melpheos1er]

Failed assets had been created by US bank. It's fair enough that it's the US that should reimburse them.

Yet, it's not fair that the taxpayer has to reimburse them when it should be the bank and mortgage executive teams assets that should be seized.