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209 Comments
- inactive, on 05/15/2009, -12/+97Its amazing that the President has changed, the cabinets have changed, the Congress has changed, but nothing has changed.
Paulson or Geithner = same thing
And the same thing is the criminal ripoff of generations of Americans to bail out criminal specualtors and gamblers who have taken control of the Federal government! It makes me want to scream!
There was NO REASON TO BAIL OUT ANYBODY!!
If industry and community banks needed money, the Fed could have loaned directly to them, or private equity would have found its way to where it was needed just as surely as water finds its way downhill.
This was the crime of the century and it will be the capstone to the destruction of the US Dollar and the American standard of living. - inactive, on 05/14/2009, -21/+91And people called the House Republicans obstructionists when they tried to stop this bill from passing.
- inactive, on 05/15/2009, -5/+55Sorry
It was Paulson that did this. The other fascist's Treasury Secretary. - wjappe, on 05/15/2009, -13/+53"Its amazing that the President has changed, the cabinets have changed, the Congress has changed, but nothing has changed." I agree It is amazing, but not unexpected.
The store has a new store front but it's still the same store. - joshstone100, on 05/14/2009, -8/+44How dare they interfere with banker mafia agenda! We will use our media to smear House Republicans as obstructionists. Our media can expertly reframe them as evil, against American freedom and stalling progress of the American people. The media can convince the public that they are wrong to oppose our TARP scheme. It's a done deal. The public will buy into it without question. Our news media is their God. They believe whatever the TV tells them as some sort of ultimate, undeniable truth.
- inactive, on 05/15/2009, -4/+39Hank Paulson, the big guy who blundered around Washington screaming that the world was going to end.... Bush's guy
- Alderon, on 05/15/2009, -4/+39HR 1207 & S.604 - Audit the Federal Reserve (aka Central Bank) <-- This needs to become LAW!
- faskippy, on 05/15/2009, -10/+42Wham bam, thank you Ma'am. Is there anyone out there STILL who does not get it? Oh yeah, the people that brought you the continued "failout".
- joshstone100, on 05/14/2009, -51/+81The Treasury Secretary is the one who really runs the US. Not the president. Obama is a frontman to market the agenda. He's not going to dare oppose mafia boss Paulson for anything. Ever. Same as he would never oppose his AIPAC masters for anything. Or the Military Industrial Complex.
This isn't change, it's another 4 years of continuing Bush Administration policy and wars. Only the puppet salesman frontman has changed, not the agenda. If they picked another ultra rich white guy for the seat, America might be on verge of civil unrest by now. But you can relax. We've got one of you commoners running the show who really understands the people! Change! Hope!
Sure, he understands how to better take advantage of you, how to best deceive and manipulate you. What do you expect from an ex lawyer turned overnight sensation Washington politician and now president? - GovernmentSp00k, on 05/15/2009, -10/+38Wow, color me shocked. I've been saying this all along. Where is the Con-gressional investigation? Where is the "great black candidate of change hope and transparency"-Obomba with the law enforcement probe into these illicit schemes by the "treasury secretary" ? Where are the prosecutions? Where is the "IRS" in all this fraud? Aren't they the least bit concerned about where all the $trillions of dollars in un-accounted for US taxpayer money went? Where is the "FBI" with a "task force" into this dastardly matter? Isn't "Homeland" SSecurity" the slightest bit concerned about all these un-American activities taking place under their nose?
LMAO!!!!
Right..
If this were a dictator led country... they would get away with it. Good thing we live in a 'democracy' huh, where we can prosecute folks like this and they will be punished, held accountable for their high crimes against the American people. LOL! who am I kidding. Oh, I keep forgetting... we no longer live in a "democracy', do we...
Simple rule of thumb: never, ever believe a single damned word that the Corporation of the US government & their corporatist 'associate' financiers say, any time, on any subject. Assume they're lying all the time, and you can't go wrong. - alep85, on 05/15/2009, -2/+29Are the first few moronic posters forgetting that Henry Paulson was part of the BUSH ADMINISTRATION?! I'm not saying Geithner and Co. are a major improvement, but I think diehard conservatives seem to have selective amnesia when their people are in the wrong.
- bigterguy, on 05/15/2009, -1/+27"Ben, Sheila, John, Tim and I."
Bernake, Sheila?, John?, Tim Geithner, and Paulson
They should all be in jail. Life without parole. Criminal conspiracy - RICO. - a166, on 05/15/2009, -3/+28You seem to be missing that this was under Bush, not Obama!
- AndyStitzer, on 05/15/2009, -6/+31WTF
- GovernmentSp00k, on 05/15/2009, -1/+26And we're supposed to believe the organized crime in power's ridiculous "stimul-us" swindle (aka government pork *spending bill* subsidized by fleecing US taxpayers..) wasn't another ***** SCAM too.
Riiiight.
Of course, *that's* all legit.....
Much of a fraud as their so-called "bailouts" and "rescue plan" sham.
This ***** will go down in his-story as the biggest premeditated fraud ever perpetuated upon the people. The largest scam of American tax payers ever conceived. No "Bin Laden" bogeyman, "radical jihadier" or related "enemy of American freedom" "Al Queredia" phantom terrorist ever could have accomplished such a grand, $trillion dollar financial scam. Never in their wildest dreams. And the financial terrorists got away clean. Again. Completely unscathed as usual. The deception artist actors and "politician" vampires pat each other on the back to congratulate themselves for a "job well done.".. As America sleeps. - xshare, on 05/15/2009, -8/+33Wrong Treasury Secretary buddy.... this is Bush's guy.
- bigterguy, on 05/15/2009, -1/+26Amen, brother.
- mofongo1, on 05/15/2009, -3/+24It wasn't Obama. He wasn't even in office when Paulson did this. Get your facts straight before you put blame on the wrong person. I'm not saying that they aren't all at fault, we should hang the lot of them!
- shutaro, on 05/15/2009, -4/+24His name is Robert Paulson.
- GovernmentSp00k, on 05/15/2009, -3/+23The dumbed-down, manipulated morons believe every single thing that comes out of that ***** box. It's got their minds and souls in a hypnotic stranglehold. It has assimilated their collective conscience. That is, if they ever had one in the first place. Why do you think America is so apathetic and comatose? The controlled "news" media 'reports" what the Feds want you to believe. Anything less is just a "whacky tinfoil conspiracy theory." TV is the opiate of the masses.
- superdude101, on 05/15/2009, -2/+21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _________
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: : : : : : : :¯’’~~~~~~’’’ : : : : : : : : : : : : : : : : : : | : : : : : : : : : - richmomz, on 05/15/2009, -3/+21This is what happens when you put the fox in charge of henhouse security.
- lordmike, on 05/15/2009, -2/+18For the wingnuts who seem to forget history, Paulson was Bush's Treasury Secretary.. and you claim that Democrats are the "socialists"... Doctor, heal thyself!
- kemp34, on 05/15/2009, -1/+16I think this sums it up quite well:
http://1.bp.blogspot.com/_LKfc_M0pHG4/SQHqvO3pXfI/ ... - freedomcereal, on 05/15/2009, -6/+21Proving once again that it's only socialism when the other guy does it. You makkke the GOP proud.
- maz2331, on 05/15/2009, -1/+14When I pointed out that house Republicans voted 2:1 against TARP and house Democrats voted 2:1 for it, I got buried into oblivion.
- swizzcheez, on 05/15/2009, -0/+13Yeah, Paulson was old news, but I doubt there is any more accountability now.
Per Douglas Adams: "His [the President's] job is not to wield power but to draw attention away from it. "
I sometimes think truer words were never written... - a166, on 05/15/2009, -6/+18Perhaps think outside of the mob mentality for a moment. This was on the weekend after the worst week that the financial system has ever seen, when one bank had failed and at least 2 others were in real danger of going under.
The fear at the time was that by bailing out only the couple of banks that desperately needed it, they were pointing to the banks that needed help and saying "Look, they are bust!". The only possible solution was to force all 9 banks in that room to take the cash, as a consolidated effort to prove that the remaining banks would not be *allowed* to fail and to stop the downward spiral. And for that purpose, it worked. - lordmike, on 05/15/2009, -2/+13Fact: It was McCain who suspended his campaign to support this bill...
Fact: Many Republicans voted for this bill in both the House and Senate... A bill pushed by a Republican president... You are confusing this wiht the stimulus and budget bill...
Fact: TARP got 75 votes in the Senate... There were only 51 Democrats in the Senate at the time.. http://www.senate.gov/legislative/LIS/roll_call_li ...
Fact: TARP got 91Republican votes in the house: http://clerk.house.gov/evs/2008/roll681.xml
Fact: Your "facts" are totally wrong... - kemp34, on 05/15/2009, -5/+15Arrest that man!
- ZZeke, on 05/15/2009, -2/+12AIPAC, Paulson, and the MIC are basically all on the same page. It's called "world domination".
@rmxc: Those aren't "special interest groups", they're political overlords and kingmakers. - LouisCipher777, on 05/15/2009, -0/+9@nat, while your point makes sense, we got the unemployment anyway, the dollar is growing weaker by the day. The idea that we should grin and bear it until the crisis is over is simply delaying the repair of our economy. In a free market economy, (the one that has been the foundation of America since the 1700s), will fix itself much faster if they stop screwing with it. These failing companies would have entered chapter 11, reorganized, and come out the other side leaner and better equipped to continue business. sure we would have shed some jobs, but the market would fix itself. Smaller companies would have come in and picked up the slack, but instead we tax them out of existence, and give advantages to the larger, failing companies so they can squeeze out the little guys.
The "federal" reserve is the thing that is keeping us down. If they let the free market work, it would. This entire problem was manufactured, either by design or by negligence, and can not be fixed without addressing the root of the problem. Sometimes you have to cut away some roots and some branches to make the tree survive, but if you leave the bad roots, eventually the entire tree will rot from the inside out.
Free market principles made this country great, but if you look deep, we did not experience the boom-and-bust cycles we do now until roughly 1920, seven years after the inception of the federal reserve, artificial interest rates that were no longer set by the market, and a fiat currency that is no longer controlled by congress. - footbag01, on 05/15/2009, -0/+9Not true... Any of the banks could have chosen to file chapter 11. But of course the government is going to require large banks and lenders to maintain specific debt to asset ratios. The drop in the stock market caused the banks D/A to be dangerously low and the government stepped in and made a very generous offer.
- DavidGuetta9, on 05/15/2009, -0/+9You have obviously never seen Fight Club.
Unless that was sarcastic, then I retract my previous statement. - theamazingkort, on 05/15/2009, -2/+10in death.. we have names.
- ZZeke, on 05/15/2009, -3/+11....as if Geithner is any better? Give me a break, Geithner and Summers are directly responsible for dismantling the regulations which prevented the banks and wall street from doing exactly what they did to cause the "global financial crisis". This isn't about left v. right, it's about top v. bottom. Then, Obama tells us that Geithner and Summers are the men to fix it? Get real, you're being playedf like a dime-store fiddle. Look up Geithner, Summers, and the "Glass - Steagall act". The foxes are guarding the henhouse, and your president approves wholeheartedly.
- IHateRegisterin, on 05/15/2009, -2/+10Bank of America was a sound institution that executed due diligence in it's lending practices, then the U.S. pressured B of A to complete the Merrill deal which B of A wanted to back out of because they saw what a huge mistake it was. Now the "U.S." wants B of A to change its Board Members.
Sounds like the US took a perfectly good and responsible financial institution and flushed it down the drain. Now they want to effect change in the management? - Gerz1219, on 05/15/2009, -4/+12Yes, the fascist way is to use lies, obfuscation and scapegoating to alter the facts of recent history. Like, you know, blaming the current president for actions and policies undertaken during the previous administration, before Obama was even elected.
- thredden, on 05/15/2009, -2/+10You should read up on this small community bank, Centra Bank in West Virgina, that got screwed because of this. they felt as if they were pressured and now have LOST money. They didnt even need TARP to begin with
http://tpmmuckraker.talkingpointsmemo.com/centra_b ... - LouisCipher777, on 05/15/2009, -1/+8"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy..."
And that is where we are today. I know that we are not a democracy, but the same thing apparently holds true for a representative republic. - inactive, on 05/15/2009, -0/+7No, I have never seen the Fight Club.
Excuse my cultural ignorance. - thentro, on 05/15/2009, -4/+11Great way to put it a166, and it did work. Now the banks that didn't need it can start giving it back and the banking system didn't collapse. I don't know why people insist on bringing hitler into this. Simplistic thinking I guess.
- inactive, on 05/15/2009, -2/+9You are right and there are a lot of folks here who don't seem to remember that this all got under way when Dubya blundered around the White House.
However, it is continuing in the same self-destructive direction under Obama - Nishnabotna, on 05/15/2009, -1/+8They're all crooks.
- rugrat54, on 05/15/2009, -0/+7@nathanbutnet:
I believe it brings the problem to a public post.
We know they lie to us and we know it is not right.
We speak out to fix the problem.
Sway public opinion that being lied to is not right and we, as men and women, have the capabilities of handling the truth AND doing the right thing.
That is why we are on Digg, and not just Digg, people like us are EVERYWHERE, EVERYWHERE, Muah....
But seriously.. - a166, on 05/15/2009, -2/+9You're equating lending banks money to the holocaust and terrorism?!
Lets not forget that out of those 9 banks given this money, 0 have failed. Think of the impact that a single bank (Lehman) failing had, and do you really think they could have let any others go?
Everybody also seems to forget that they didn't *give* the banks money, it was a purchase of preferred stock. Assuming the banks don't go bankrupt, which they haven't, the US taxpayer ends up either getting their money back - or making money. - NotAChickenHawk, on 05/15/2009, -1/+7With all sincerity, can someone explain to me why this is a bad thing? If we deemed some of these banks 'too big to fail', and with the failure of many of them seemingly pending within months, wasn't it prudent to force them to take help, rather than letting them refuse the help and possibly go under? I mean, if it would cost the government $45 billion to save Citi today, but $145 billion to deal with the problem if they failed, isn't it better to give them the $45 billion now?
Also, I don't understand the point of this - are they trying to say some of these banks didn't want the money? Really? - inactive, on 05/15/2009, -4/+10However those audits are not made public and they are not complete audits either.
Don't try to be too clever. - inactive, on 05/15/2009, -1/+7There's also one major problem with all of this:
This shouldn't be the role of government. This goes beyond regulation. - nathanbutnet, on 05/15/2009, -3/+9Hate to pile on here... wait, no I don't: you are a moron.
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