Bank Bailout or Economic Coup

My first in what I hope will be a telling venture into the New World Order! After all, why bail out only large corps and leave the rest hanging when congress says "we are bailing out the PEOPLE". Just like the airlines, or the 1913 progressive tax that would only effect "RICH" people....us middle classers always get royally REAMED!!!
Dont fall prey to their schemes, Obama-McCain, they have an agenda they do not speak of!

Category:

News & Politics

Tags:

• Bank
• Bailout
• Fanny
• Mae
• Economy
• lewismadmax

[mia0899cs]

I don't know a lot about this, however, the Federal Reserve bank is not owned by the Federal Government. They are always going to be backed, however. I read a comment that Obama wants to bail out people who are in foreclosure status. As this sounds ideal, many of these people should never have been qualified for loans. Class B Mortgages would just go through for as little as $2,000. down on a $300,000. house. So, I don't see why these people should be bailed out.

[Lewismadmax]

The Federal Reserve's legality has been questioned since it's inception, anything that walks that razor thin line is subject to obfuscation...they are in essence an arm of the federal Government, after all...FEDERAL is part of their name!

[tallcoolone1]

its not the Fed itself that is the problem. It is how it was run. These companies were making billions with little or no oversight. These loans were crap. The loans themselves led to the blow-up because they inflated the value of homes by making them easier to buy. Without the cheap loans the values couldn't have risen to silly levels. I don't agree with blaming the buyers, however. The lenders could easily have written fair loans that weren't timebombs. They just chose not to.

[Lewismadmax]

Tallcool1: did you know Obama's chief ecoomic advisor headed fanny mae for 6 years, then left to work for Lehman bros, he was replaced by Obama's asst. chief of staff at fanny mae.

No investigation, why??? Because bush, Cheny or pubs cant be traced to it, BUT, when Fanny Mae donates millions over 19 years to TOP democrats (345 of them) shouldnt those Dems give that money back. BTW: Obama was the largest recipient of political donations from Fanny.

[tristramshandy3]

it's about connections; always has been. there were private banks that took plenty of taxpayer money as well. You are all upset about the govt and fannie and freddie- but the REAL villain in all this was a privately owned company called Goldman Sachs. Remember, Hank Paulson was a former CEO of Goldman Sachs, and he was treasury secretary under Bush.

The connections to the Obama admin are almost as deep- summers, geithner- all wall street crooks.

[bulbheadmyass]

Right on, buddy. The regional banks loan to local small businesses and individuals. The big ones couldn't care less. Big banks buy up community banks, thus become even more too big to fail.

This is a coup by the bankers, not the government. The bankers buy the government, write the banking laws, choose their own "regulators" and install their cronies in key govt money positions. They blackmailed the govt into the bailout, on threat of bringing down the world economy.

[Nihilist13]

End The Fed!

[sandman3698]

Since it was tax dollars that bailed these banks out do the people still owe their loans?

[djonova]

Great video! One of your best yet! People need to know what is going on.

[VonHelton]

I TOLD YOU SO!!

:/

[RPFS2008]

The root problem is the Federal Reserve, tho only the 3rd party candidates even speak of its name , funny huh?

Its the elephant in the room that no-one wants to talk about in the mainstream. The only thing they want to do is give it even more power over the economy. Madness.

It pains me to say this but America - the land of the free, the land where the genius of the Republic is giving man free reign over his/her ambitions - is only heading in one direction...

Communism.

[RPFS2008]

Makes you wonder whether these economic crisis aren't managed into effect. In every economic crisis, the (for want of a better term) "Elite" buy themselves up large portions of the economy. They even do this with OUR God damned money!.

Also, the more the Government bails out - in reality takes over - the more lobbyists you will see in the capital , controlling more of the economy, because large, all powerful, Government is like shit to flies.

[cinnaraisnbagel]

I heard an idea that I thought was interesting. Instead of giving all these banks 700billion why not give it back to the tax payers. That would be a huge chunk of cash that people could use to pay their mortgages, or credit etc. If we assumed that they used the 700bill they want to give the banks and we gave it out to 300mill people, way more people than actually pay taxes etc, that would be approx $2,333 a person. Think about how that might affect things from our side.