Congress also shouldn’t let Paulson anywhere near the management of the buyout fund – and frankly, shouldn’t feel compelled to approve a $700 billion bailout without strong regulatory protections for American citizens.

Under the plans being considered the Taxpayer is being tapped to cover LOSSES even before the stock and bond holders ! Even the equity stake idea lets the bond holders off the hook.

Where is the accountability for the investors that profited for all those Fat Decades of the Housing Bubble? In a Communist country the government decides where the money should be invested without any accountability. That is why Communism failed to keep pace with a Free Market. However, what we have here is a failure by the government to let the market correct itself because according to Bernake… we may go into a recession. Now that is a funny joke Bernake. What you mean is we may go into Depression V2.0

Now the lesson here is that the unthinkable has occurred. We have expanded the money supply (and commensurate debt) more than 1000-fold in LESS than 40 years, yet no one really thinks that we have expanded economic growth and real wealth to anything near that level.

The euro and dollar, like all fiat currencies, are dependent on the strength of their underlying economies, economies Addicted to credit from increasingly insolvent banks, banks which are in far more trouble than presently believed.

The last and final act of capitalism will be characterized by the looting of what little remains in our national treasuries as central bankers bail out the banks that caused our present problems. The only thing new is our surprise that it is happening.

“The Central Bank (Known as the FED) is an institution of the most deadly hostility existing against the Principles and form of our Constitution…Bankers are more dangerous than standing armies … [and] If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.”
Thomas Jefferson

This only encourages the perpetuation of flawed system. The system of credit controls this country, its politics, its industry. If you look back at the forming of the FED it was created to stabalize and now they finally admit, banks need the taxpayer to bail them out when they are leveraged 74 to 1 debt ratio.

But hey whats a couple Trillion among friends

“Before we hand this Munster-esque unelected official 700 BILLION no-strings-attached-dollars,” Stewart remarked, “there is one thing you should know –this financial guru never saw it coming.”
“I’ve got great confidence in our financial market,” Paulson stated last March. “Our Markets are resilient, are flexible. Our Institutions, our Banks, and Investment Banks, are strong.”

Stewart turned next to “Daily Show” analyst John Oliver, saying, “After Katrina, after Iraq… I didn’t think there was another area that these guys could screw up.”
“It wasn’t easy,” Oliver replied, “It was like finding a vein on a failure junkie.”
“Is this economic crisis, then, sort of the turd icing on this administration’s shitcake?” Stewart wondered.

“You’re saying the president here won’t be satisfied until American children are eating roadkill?” suggested Stewart.
“Until they’re fighting over roadkill,” Oliver emphasized. “Until roadkill is the prize for the strongest.”

Whats wrong with this picture
Isnt this what is known as Bribery on the highest level?

This is normal practice for the corrupt Bu$$$h administration. Just think about that dick Cheney and the Halliburton no bid contracts.

kleptocracy
Main Entry: klep·toc·ra·cy
Date: 1819

: government by those who seek chiefly status and personal gain at the expense of the governed ; also : a particular government of this kind

Yep, that’s McCain; change, change, change. Before he, Palin and Bush are done we’ll be lucky to have the change in our pockets!