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Now Wall Street may shun $700bn bail-out
James Doran,
London Guardian
Monday, Oct 6, 2008
Fears are mounting that many Wall Street banks and financial firms will refuse to participate in the US government’s $700bn bail-out package, leaving global markets and world economies in a perilous state for months to come.
‘There is a growing feeling that banks … might instead decide to tough it out,’ said Thomas Caldwell, chairman and CEO of Caldwell Financial, a $1bn-plus fund manager.
For the past two weeks all eyes in the market have been focused on US Congress and its attempts to pass Treasury Secretary Henry Paulson’s bail-out package – a bill to allow the US government to buy up to $700bn of toxic mortgage-related assets from American banks, which would in theory free the credit markets and set the gears of global commerce spinning once more.
(Article continues below)
Last Monday, after the bill was thrown out by the House of Representatives, more than $1 trillion was wiped off the value of US stocks as the market was gripped by panic. The bill was passed on Friday afternoon, however, after the inclusion of $149bn of tax breaks and strict rules for participating banks.
But Wall Street analysts, believe the addition of so many terms to the bill might deter potential participants.
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27 Responses to “Now Wall Street may shun $700bn bail-out”
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October 6th, 2008 at 4:16 am
Don’t forget, America: the last act of Congress before they convene is to vote themselves another pay raise.
Think about it. Are you pissed off enough yet?
http://blindboybroadcasting.podomatic.com
http://www.prysonandpetrone.com
October 6th, 2008 at 4:39 am
Every country for itself as European unity collapses in an attack of jitters
Germany became the latest EU member to put its national interest first by announcing its own guarantee for bank deposits
TimesOnline – Oct 6th 08
http://www.timesonline.co.uk/t.....888286.ece
October 6th, 2008 at 6:11 am
If only the traiterous Reps and Sens were as leary as the banks are now, that garbage package would never have passed !!!!!!!!!!!!
http://www.youtube.com/watch?v=wYU4XrHYpeE
October 6th, 2008 at 7:00 am
hope you all got some gold and silver, then get the fuck out of AMERICA IT IS GOING TO BE FRENCH REVOLUTION TIME, THE GLOBALISTS WANT YOU TO EAT DERIVATIVES and then cut your fucking heads off
October 6th, 2008 at 7:58 am
“They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason”
http://www.youtube.com/watch?v=uw5dP5gy2Vs
–The Cornbread Mafia
October 6th, 2008 at 8:04 am
http://ca.youtube.com/watch?v=Bw32XCw_AvM
October 6th, 2008 at 8:17 am
oh they desperately need it, until they are required to manage it correctly and pay it back. Now they don’t want it.
Fuck them all.
October 6th, 2008 at 8:44 am
It was nto for the regular bankers it was for central bank leverage but primarily pwer to do what they wanted. Some wealthy people want to run constitutional bussinesses but it is increasingly impossible to do so.
October 6th, 2008 at 9:33 am
LIAM…theres nowhere to run dood. the EU is collapsing too and the police state is everywhere.
October 6th, 2008 at 10:03 am
This monetary system will never work we need to change the way we live and I dont think this will ever happen in our life time. This is all easily understood when you watch the new zeitgeist movie addendum. But for most, this type of radical change is too far fetched for the average mind set…
http://www.zeitgeistmovie.com/
October 6th, 2008 at 10:07 am
@DiscernTheTimes
Guaranteeing bank deposits is something completely different from buying up worthless financial securities. In the first case you are protecting prudent and good people who have been careful and saved money. If they would withdraw their money, banks would go bankrupt in no time. In the latter case you are rewarding the thieves and criminals responsible for the current crisis by buying up the worthless, toxic mortgage backed derivatives that nobody wants. That is rewarding criminals and a clear case of ‘privatizing profits and socializing losses’.
At least those criminal banksters should have been forced to give back the billions in bonuses that they awarded themselves for destroying the financial system with their greed. Even when it had become clear that their banks and businesses had to be saved with taxpayers money did not withhold them from quickly stealing yet another few billion in bonuses.
October 6th, 2008 at 10:15 am
This is not a GAME we are on a alert stat NOW. To all Comand and control REMEMBER your Oath!!
For a guide to what steps to be taken it is your DUTY to PROTECT this land so as a reminder you MUST watch this Video NOW. http://www.youtube.com/watch?v.....mp;index=6
The ((((Uniform Code of Military Justice)))) has provisions for this and Must be addressed; to do less is the purest form of sadistic “TREASON”.
This is what men of courage must face and confront A.S.A.P. before it is to late. You see, just like all criminals, if they think that the jig is up then they will start getting dangerous and that is now what’s starting to happen ! May God guide your actions,
OUT of THUNDER”>ALPHA<
October 6th, 2008 at 11:36 am
You need to see the new Zeitgeist:
http://video.google.com/videop.....7695921912
October 6th, 2008 at 11:51 am
Dean M. Jackson from Washington, DC. Piss off you spamming asshole. Even if I were interested in your findings, your continue spamming of this forum guarantees that I will never visit your website. When you piss people off, your message is lost. The same goes for all those other spamming pigs on the forums here.
Spammers should be thrown in jail. They have killed usenet, email and most web forums. fucking assholes!
October 6th, 2008 at 12:23 pm
Now what’s the matter; do what your “incentive” in 10’s and 20’s? Or do you prefer Krugerands?
October 6th, 2008 at 12:31 pm
White Rabbit is right. We’ve gone too far down the brainwashing trail for the average punter in the ‘Western World’ to see sense. Unfortunately, you look at NAZIS like Bush, Cheney, Paulson etc: destroying you Country, but, ultimately, you can do fuck all about it. How SAD is that.
October 6th, 2008 at 1:10 pm
modern day Babylon burns
in time there will be nothing left but ashes
this is but the beginning of the end for the evil american empire
built on money, worship money, death by money
money was america’s false idol that its’ people worshipped
money will be the rock on which america is broken.
a new peaceful country will grow in its’ place
fed by the the ashes of USA’s destruction
burn baby burn
disco inferno ,. o ya’
October 6th, 2008 at 4:09 pm
Remember,
you MUST take one of the candidates who forced you to pay for the Wall Street bailout.
Understand?
“The two parties should be
almost identical, so that
the American people can
‘throw the rascals out’
at any election without
leading to any profound or
extensive shifts in policy.”
-Carol Quigley
October 6th, 2008 at 5:20 pm
The day that Chase Bank and its evil cabal became our rulers.
We are in deep, deep serious trouble.
This is get out of the country now trouble, do not pass go, do not collect $600 stimulus package dollars trouble.
October 6th, 2008 at 5:57 pm
If you believe that the FDIC has your deposits covered, then I have a collateralized debt obligation to sell you.
October 6th, 2008 at 8:33 pm
http://www.thereignofchrist.org http://www.veritas144k.com
The Money Grabbers of the world today are the
Zionists who have the power to create and restrict
the supply of money, who allow the Freemasons to
administer the governments.
The Zionists are a very small number of people in
high places, and control all the money of the world.
The financial crises of 2008 is the result of their
encouraging precipitous lending and banking
practices in the past, administered by Masonry.
The result of their action will be to have all the
governments of the world declare ‘emergencies’
and so shift the defaults in money from the banks
and financial institutions, which they do or will
own, to the citizens of the world. They are then in
position to have all world citizens submissive to
their dictates. Then will come the ‘mark of the
beast.’ “And he shall make all, both little and
great, rich and poor, freemen and bondmen, to
have a character in their right hand or on their
foreheads: and that no man might buy or sell, but
he that has the character, or the name of the beast,
or the number of his name. Here is wisdom. He
that has understanding, let him count the number
of the beast, for it is the number of a man: and the
number of him is six hundred sixty-six” Apoc 13:16-18.
This character is more subtle than the micro-chip,
and is accepted by the academic and blue-collar
alike, that the proposed economic tyranny is the
only solution. I do not discount the ‘chip,’ but it
comes only after the population is brainwashed
into accepting the ‘necessary bailout.’
The Zionist (who include Jews, Atheists, and
Christians), will have a short lived day – three and
a half years.
October 7th, 2008 at 12:52 am
Good Lord: http://www.youtube.com/watch?v=vPS7ksrKk8Y
October 7th, 2008 at 7:48 pm
Ok Veritas time to lighten up and all that stuff will seem less important, but what ever floats yer boat. And if it wasn’t for Atheists the Gods wouldn’t have any Window targets for their bricks.
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