Comments on: U.S. Taxpayers Are Paying to Bail Out FOREIGN Speculators http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html Wed, 25 Nov 2009 04:04:28 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Paulson is an idiot http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-3#comment-43672 Paulson is an idiot Mon, 22 Sep 2008 10:16:47 +0000 http://www.prisonplanet.com/?p=2532#comment-43672 Enough philosophy! *SLAP* Wake UP!!! Settle down. There is a bill supported by 300 cities and states which is actually out there, known, with the POSSIBILITY of being passed. Tell your congressman about it, they've probably already heard about it. http://www.larouchepac.com/hbpa Enough philosophy! *SLAP* Wake UP!!!

Settle down.

There is a bill supported by 300 cities and states which is actually out there, known, with the POSSIBILITY of being passed.

Tell your congressman about it, they’ve probably already heard about it.
http://www.larouchepac.com/hbpa

]]> By: 5Alive http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-3#comment-43664 5Alive Mon, 22 Sep 2008 09:13:31 +0000 http://www.prisonplanet.com/?p=2532#comment-43664 It doesn't scare me that Dubya waved at Stevie Wonder; that's okay. Stevie's only been blind since *birth!* He's like, 'Stevie!' and Stevie's going, 'Is that muthafucka waving at me? Goddamn! Does he think I'm *lookin* for him? Goddamn!' No, what scares me is that Dubya almost died from a fucking pretzel! They have billions of dollars in national defense. They want billions more, to up the stakes, and the President almost goes down from *snack food!* Secret service are like 'Game's over man!' 'Gilligan's down! Gilligan's down! His own dogs didn't care! They were licking him for the salt! [Pantomime's Bush's dog licking his face] You want a dog like Lassie, a dog who cares! [Pantomimes Lassie giving Bush Heimlich maneuver, then barks] What's a matter, girl? President swallowed something, and you gave him the Heimlich? [Barks] What else, girl? [Feeble woof] Mr. Chaney's meeting with the Enron people? [Barks again] An Enron employee, secretary of the navy? [Barks again] What about the Harken loan? [Barks] "Sorry girl, gonna have to put you down!" Robin Williams It doesn’t scare me that Dubya waved at Stevie Wonder; that’s okay. Stevie’s only been blind since *birth!* He’s like, ‘Stevie!’ and Stevie’s going, ‘Is that muthafucka waving at me? Goddamn! Does he think I’m *lookin* for him? Goddamn!’ No, what scares me is that Dubya almost died from a fucking pretzel! They have billions of dollars in national defense. They want billions more, to up the stakes, and the President almost goes down from *snack food!* Secret service are like ‘Game’s over man!’ ‘Gilligan’s down! Gilligan’s down! His own dogs didn’t care! They were licking him for the salt! [Pantomime's Bush's dog licking his face] You want a dog like Lassie, a dog who cares! [Pantomimes Lassie giving Bush Heimlich maneuver, then barks] What’s a matter, girl? President swallowed something, and you gave him the Heimlich? [Barks] What else, girl? [Feeble woof] Mr. Chaney’s meeting with the Enron people? [Barks again] An Enron employee, secretary of the navy? [Barks again] What about the Harken loan? [Barks] “Sorry girl, gonna have to put you down!”
Robin Williams

]]> By: Neo http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-2#comment-43661 Neo Mon, 22 Sep 2008 09:09:17 +0000 http://www.prisonplanet.com/?p=2532#comment-43661 In order for life to have appeared spontaneously on earth, there first had to be hundreds of millions of protein molecules of the ninth configuration. But given the size of the planet Earth, do you know how long it would have taken for just one of these protein molecules to appear entirely by chance? Roughly ten to the two hundred and forty-third power billions of years. And I find that far, far more fantastic than simply believing in God. In order for life to have appeared spontaneously on earth, there first had to be hundreds of millions of protein molecules of the ninth configuration. But given the size of the planet Earth, do you know how long it would have taken for just one of these protein molecules to appear entirely by chance? Roughly ten to the two hundred and forty-third power billions of years. And I find that far, far more fantastic than simply believing in God.

]]> By: johnny 5 http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-2#comment-43660 johnny 5 Mon, 22 Sep 2008 09:00:07 +0000 http://www.prisonplanet.com/?p=2532#comment-43660 @DayTrader what do you think about this? Sec. 8. Review. Decisions by the Secretary pursuant to the authority of this Act are Non-Reviewable and committed to "Agency discretion," and MAY NOT be reviewed by any Court of Law or any Administrative Agency. If you are a bank, investor, or other entity who is forcibly gang-raped by Secretary Paulson due to his actions as "King" (crowned by Congress) under this law, you are unable to seek redress in the Courts or by administrative action. Will the only Recourse will be the (proverbial) deployment of pitchforks and torches? @DayTrader

what do you think about this?

Sec. 8. Review. Decisions by the Secretary pursuant to the authority of this Act are Non-Reviewable and committed to “Agency discretion,” and MAY NOT be reviewed by any Court of Law or any Administrative Agency. If you are a bank, investor, or other entity who is forcibly gang-raped by Secretary Paulson due to his actions as “King” (crowned by Congress) under this law, you are unable to seek redress in the Courts or by administrative action.

Will the only Recourse will be the (proverbial) deployment of pitchforks and torches?

]]> By: CANUCK http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-2#comment-43652 CANUCK Mon, 22 Sep 2008 08:51:57 +0000 http://www.prisonplanet.com/?p=2532#comment-43652 If you think the cost of this bill is $700 BILLION you're Wrong. The cost is actually Infinite and the entire bill constitutes a giant Money-Laundering scheme. Paulson can (and presumably will) buy up to $700 billion of these "assets", then sell them. Let's say he decides to buy them at 60 cents on the dollar and sell them for 10. You, the taxpayer, will eat the fifty cents, for an immediate cost of $350 billion dollars. Having done so, he is then authorized to do so again, since the $700 billion is no longer on the government's balance sheet. In fact, he can do this without limit, other than possibly due to the federal debt ceiling, which of course Congress will raise any time we get close to it. Oh yeah, this bill does that right up front too. No need to bother with it the first time around. Folks, $700 billion isn't even close to the total cost of this monster. If Paulson and his successor decide to, they could literally cycle all $5.3 trillion of Fannie and Freddie's debt through this scheme, potentially sticking the taxpayer for 20% or more of the total, plus as much private debt on various bank balance sheets as they can manage to nationalize until (and possibly beyond) the point where the bond market tells him to go to hell. Bottom line: This bill gives Paulson the ability to nationalize an UNLIMITED amount of Private Debt and force YOU AND YOUR CHILDREN to pay for it. If you think the cost of this bill is $700 BILLION you’re Wrong. The cost is actually Infinite and the entire bill constitutes a giant Money-Laundering scheme. Paulson can (and presumably will) buy up to $700 billion of these “assets”, then sell them.
Let’s say he decides to buy them at 60 cents on the dollar and sell them for 10. You, the taxpayer, will eat the fifty cents, for an immediate cost of $350 billion dollars. Having done so, he is then authorized to do so again, since the $700 billion is no longer on the government’s balance sheet.
In fact, he can do this without limit, other than possibly due to the federal debt ceiling, which of course Congress will raise any time we get close to it. Oh yeah, this bill does that right up front too. No need to bother with it the first time around.
Folks, $700 billion isn’t even close to the total cost of this monster. If Paulson and his successor decide to, they could literally cycle all $5.3 trillion of Fannie and Freddie’s debt through this scheme, potentially sticking the taxpayer for 20% or more of the total, plus as much private debt on various bank balance sheets as they can manage to nationalize until (and possibly beyond) the point where the bond market tells him to go to hell.

Bottom line: This bill gives Paulson the ability to nationalize an UNLIMITED amount of Private Debt and force YOU AND YOUR CHILDREN to pay for it.

]]> By: Lucius http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-2#comment-43638 Lucius Mon, 22 Sep 2008 08:36:43 +0000 http://www.prisonplanet.com/?p=2532#comment-43638 If the Chinese wish to unload some of their purchased toxic sludge they merely sell it to, oh, Goldman Sachs for 40 cents on the dollar and then Goldman sells it to the Treasury for 50. This, under the black letter of the law here, is perfectly legal, which means that one must assume that Paulson will in fact foist off all the bad paper on WORLD MARKETS that was originally based on a mortgage in the United States, while allowing his Banker buddies here to Loot the Taxpayer by acting as an Intermediary in the transaction. Contracts can (and presumably will) be "NO bid, NO solicitation" and given to whomever Secretary Paulson favors, without regard to the public interest or normal Competitive Bidding processes. Must be nice to be a "Friend of Hank." "In exercising the authorities granted in this Act, the Secretary shall take into consideration means for— (1) providing stability or preventing disruption to the financial markets or banking system; and (2) protecting the taxpayer." Notice which comes first. "(c) Sale of Mortgage-Related Assets.—The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act." Having bought these securities for any price Mr. Paulson would like (and he can compel institutions to sell at his demanded price as noted above!) he can then sell those assets at any price he wishes, to anyone he wishes. It certainly is nice to be a "Friend of Hank", and it most certainly sucks if you're not. If the Chinese wish to unload some of their purchased toxic sludge they merely sell it to, oh, Goldman Sachs for 40 cents on the dollar and then Goldman sells it to the Treasury for 50.

This, under the black letter of the law here, is perfectly legal, which means that one must assume that Paulson will in fact foist off all the bad paper on WORLD MARKETS that was originally based on a mortgage in the United States, while allowing his Banker buddies here to Loot the Taxpayer by acting as an Intermediary in the transaction.

Contracts can (and presumably will) be “NO bid, NO solicitation” and given to whomever Secretary Paulson favors, without regard to the public interest or normal Competitive Bidding processes. Must be nice to be a “Friend of Hank.” “In exercising the authorities granted in this Act, the Secretary shall take into consideration means for— (1) providing stability or preventing disruption to the financial markets or banking system; and (2) protecting the taxpayer.” Notice which comes first.

“(c) Sale of Mortgage-Related Assets.—The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.”

Having bought these securities for any price Mr. Paulson would like (and he can compel institutions to sell at his demanded price as noted above!) he can then sell those assets at any price he wishes, to anyone he wishes. It certainly is nice to be a “Friend of Hank”, and it most certainly sucks if you’re not.

]]> By: Anonymous http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-2#comment-43632 Anonymous Mon, 22 Sep 2008 07:58:50 +0000 http://www.prisonplanet.com/?p=2532#comment-43632 In 1960 I saw a vision of the ideal future from space. Three years earlier the Soviet Union had succeeded in launching Sputnik, the first manmade satellite in history, into orbit. This came as a huge shock to the United States. In response, America threw everything it had into its own manned space flight project, the Mercury project. Even as the Soviets seemed poised to send their first man into space America was still experimenting with chimpanzees in rockets. The government wanted human data. So they secretly decided to send a human being into space. I was the one they chose. At the time they didn't have the technology to block out cosmic rays and whoever they sent up would inevitably be exposed to heavy radiation. That's why they chose me. After all, I had already been irradiated once. Of course, you won't find any of this in the history books. I could see the planet as it appeared form space. That's when it finally hit me. Space exploration is nothing but another game in the power struggle between the US and USSR. Politics, economics, the arms race - they're all just arenas for meaningless competition. I'm sure you can see that. But the Earth itself has no boundaries. No East, No West, No Cold War. In 1960 I saw a vision of the ideal future from space. Three years earlier the Soviet Union had succeeded in launching Sputnik, the first manmade satellite in history, into orbit. This came as a huge shock to the United States.

In response, America threw everything it had into its own manned space flight project, the Mercury project. Even as the Soviets seemed poised to send their first man into space America was still experimenting with chimpanzees in rockets. The government wanted human data. So they secretly decided to send a human being into space. I was the one they chose. At the time they didn’t have the technology to block out cosmic rays and whoever they sent up would inevitably be exposed to heavy radiation. That’s why they chose me. After all, I had already been irradiated once.

Of course, you won’t find any of this in the history books. I could see the planet as it appeared form space. That’s when it finally hit me. Space exploration is nothing but another game in the power struggle between the US and USSR. Politics, economics, the arms race – they’re all just arenas for meaningless competition. I’m sure you can see that. But the Earth itself has no boundaries. No East, No West, No Cold War.

]]> By: R.A.T.M. http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-2#comment-43620 R.A.T.M. Mon, 22 Sep 2008 06:48:20 +0000 http://www.prisonplanet.com/?p=2532#comment-43620 The movie ran through me The glamour subdue me The tabloid untie me Im empty please fill me Mister anchor assure me That baghdad is burning Your voice it is so soothing That cunning mantra of killing I need you my witness To dress this up so bloodless To numb me and purge me now Of thoughts of blaming you Yes the car is our wheelchair My witness your coughing Oily silence mocks the legless Boys who travel now in coffins On the corner (corner) The jurys sleepless (sleepless) We found your weakness (weakness) And it's right outside your door Now testify Now testify Its right outside your door Now testify Yes testify Its right outside your door R.A.T.M. The movie ran through me
The glamour subdue me
The tabloid untie me
Im empty please fill me
Mister anchor assure me
That baghdad is burning
Your voice it is so soothing
That cunning mantra of killing
I need you my witness
To dress this up so bloodless
To numb me and purge me now
Of thoughts of blaming you
Yes the car is our wheelchair
My witness your coughing
Oily silence mocks the legless
Boys who travel now in coffins

On the corner (corner)
The jurys sleepless (sleepless)
We found your weakness (weakness)
And it’s right outside your door

Now testify
Now testify
Its right outside your door
Now testify
Yes testify
Its right outside your door

R.A.T.M.

]]> By: acid face http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-2#comment-43619 acid face Mon, 22 Sep 2008 06:44:46 +0000 http://www.prisonplanet.com/?p=2532#comment-43619 The world is about to become a very bloody place The world is about to become a very bloody place

]]> By: DayTrader http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html/comment-page-2#comment-43605 DayTrader Mon, 22 Sep 2008 04:12:08 +0000 http://www.prisonplanet.com/?p=2532#comment-43605 All fiat currencies will continue to lose against gold, including the dollar, so it is time to load up on the bargains you have been so graciously gifted with by your evil government and the Wall Street fraudsters!!! All fiat currencies will continue to lose against gold, including the dollar, so it is time to load up on the bargains you have been so graciously gifted with by your evil government and the Wall Street fraudsters!!!

]]>