Take the time to look at this...
http://www.bloomberg.com/apps/news?pid=20601087&sid=aDjJYMSphyM0&refer=home
And then answer this question: Who Is allowing ALL this money to be thrown around like nobody's business???? Isn't this a representative form of goverment... WHOSE IN CHARGE?
I read where the total of underperforming or defaults on these subprimes at the current time was only about 25 billion or so I will have to look where I saw that last night...?
But none the less ...THINK!.....Wasn't the purpose of this astronomical bailout figure to do this buying or covering of these bad loans....? WHATS ALL THIS OTHER STUFF! Sounds like we are Bailing out Everybody and everything?
Their is so much money being created out of nowhere....as well.....to bail out the Banks or should I say BUY into Banks.... Cover this and cover that....It seems and I WILL LOOK FOR EACH ACTION AS I CAN ....Billions upon billions....from us ...from the Fed Reserve....from us to them...
From them to them....
SOMEONE IS GETTING RICH HERE FOLKS!!! If a billion or two is missing WHO WOULD KNOW?
I mean didn't they ALL get lock jaw when it came time to fess up to this mess in the first place?
WHO IS AT FAULT HERE....This makes ENRON look like a dimestore stick-up!
And now it like the biggest heist going on that I think I could imagine....
Let me take the next few moments to look for some of these TOOLS as the President Puppet called them... I hope him and Mrs. Bush have a nice nest egg in all of this for retirement purposes...A billion here and there!
LOOK!
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNzJxSFnm5wY&refer=home
HEY--after reading this Did you see where they were paying their employees ALL that cash in bonuses and salaries? Wasn't Paulson the former HEAD OF GOLDMAN SACHS? Whoa!
LOOK!
Fresh Capital
The International Monetary Fund earlier this week said banks around the world would need $675 billion in fresh capital in the next several years to recover from the credit crisis. The IMF also raised its estimate of losses tied to U.S. loans and securitized assets to $1.4 trillion -- roughly half of which have already been written down or recognized as losses.
Guess where most of that will come from!?!
LOOK!
http://www.bloomberg.com/apps/news?id=20601068&sid=anUDEEEP1_M0&refer=economy
Hmmm Federal Deficit balloons to 2 Trillion...
Bailout of Fannie and Freddie to cost more than Thought.... Of course there is AIG minus the BIG RESORT BASHES...About 113 Billion...plus or minus...
LOOK!
FED RESERVE to buy commercial paper...How much does PAPER COST? ummm....
Earlier this week the Fed announced it will create a special fund to buy commercial paper, the credit that businesses use to finance payrolls and other ongoing expenses. The Treasury will deposit money into the Fed's New York district bank to help set up the new unit. A Fed official said Treasury funding for the program could be "substantial.''
And oh that 700 Billion Bailout may have to be larger... LARGER THAN the FIGURE they SAID THEY MADE UP TO SCARE US??? Oh MY GOD..NOW I AM SCARED!!!
LOOK!
California, Alabama and Massachusetts are urging the Fed and Treasury to include their securities in rescue plans designed for banks and businesses. The $2.66 trillion U.S. market for state and city bonds has been all but frozen since Lehman Brothers Holdings Inc., weighed down by losses in mortgage-backed bonds, declared history's largest bankruptcy on Sept. 15.
Whats a couple trillion HUH?
LOOK!
I cannot go on....
I am hearing that Pink Floyd Song off the Dark side of the Moon song flash back ..what was it's name --"MONEY" !!!!!
Lets GET IT ALL OVER WITH ---GIVE US ALL A FEW MILLION IN STIMULUS CHECKS AND THEN TAKE IT ALL BACK IN TAXES! What are we going to do folks...????
THIS SEEMS A LITTLE EERIE!
31 comments:
Hi, read your blog and couldn't agree more...but with Obama in the White House we can rest easy because the socializtic state we will become everyone will have a pot to cook their chicken in and house of their chosing to live in...of course if you support him and the congress's plans you will get a bigger pot, chicken and house..this last week is what greed and not caring about anyone else but yourself can do to this country..these Wall St fatcats who became rich, now are getting the Congress to bail them out..and we will(our children and their children)pay for it...plus the millions of people who will lose their homes because of the predatory lending the banks did..I hope a hurricane comes thru the Carribean and blows all their private islands to bits...and we are the victums(sp) and the idiots that are going to put a socialist in the White House with a socialist Congress..that will own the banks too..good gosh...how about they just give everyone $100k and pay off everyones mortgage too...the the banks will have their money and we will have our houses..and the government will own you....why worry about the Russians...we will be more socialistic then they will..I hate to think what will happen to our kids..we are straight on the path to socialism..God help us!!!!
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