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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (148815)	9/22/2008 2:57:09 AM
From: NOW	Read Replies (2) \| Respond to of 306849

Fasten your bleeding eyes on this: House Speaker Nancy Pelosi said in a statement today that Congress will take action this week, while adding that Democrats want more oversight of the proposed federal program. Democratic presidential candidate Barack Obama also said lawmakers must insist on more oversight. Pelosi said that the administration's $700 billion proposal "does not include the necessary safeguards." "Democrats believe a responsible solution should include independent oversight, protections for homeowners and constraints on excessive executive compensation." "We will not simply hand over a $700 billion blank check to Wall Street and hope for a better outcome," she said. Make sure you get the message. The Democrats will provide the check, it just won't be a blank check. The Democrats want "independent oversight." But the money will flow -- to insolvent financial institutions, precisely those institutions responsible for this debacle, and to buy up bad debts which will thus not be allowed to wash out of the system. The Bush administration is not genuinely intelligent, but these criminals are shrewder than hell. Why do you think they made the initial proposal in the extreme form they did? Because they know that if they finally give the Democrats a few "safeguards," if they "attach a few strings," and perhaps if they allow for "independent oversight," the Democrats will give them the momentous bailout they want -- all to be paid for by American taxpayers for the next hundred years (assuming the U.S. survives in any recognizable form, which becomes more doubtful by the hour). The Democrats have already announced to the world that is exactly what they'll do. The Democrats, liberals and progressives fall right into the trap, as they do every single fucking time. At this point, does anyone believe "strings" or "oversight" are worth a goddamned thing? Let me remind you of something that no Democrats and none of their defenders wants to be reminded of: the Iraq catastrophe. The Democrats have had the biggest "oversight" mechanism in the world -- or to be precise, in the Constitution -- since early 2007. The Democrats could have cut off all funding for this criminal war and occupation. They will not do it. silber