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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: inchingup who wrote (15841)2/25/2009 11:30:35 PM
From: grusum1 Recommendation  Respond to of 50727
 
amen. unfortunately, barney frank is one that is partly responsible for this mess too, even though he isn't on wall street. notice i didn't mention 'democrat'. republicans were involved in this too. but frank and dodd's pressure on fanny and freddie to pump out more mortgages made the problem even worse. he doesn't get a pass from me. (btw, i'm not implying that you're giving him a pass because what you wrote doesn't say anything about the way you feel about frank, only that particular statement he made.)

anyway, very well said.



To: inchingup who wrote (15841)2/26/2009 10:29:36 AM
From: SliderOnTheBlack14 Recommendations  Read Replies (4) | Respond to of 50727
 
re: "Aren't the liars and cheats supposed to be prosecuted?"

Amen brother!

There are three things about this entire collapse that
I can't get out of my craw...

1. Why aren't people going to jail?

For me the poster child is Franklin Raines of Fannie Mae.

He cooked the books.

He committed fraud.

And he paid himself millions of dollars in salary and bonuses
for profits and earnings that never existed, before ultimately
bankrupting Fannie Mae.

He did exactly what Bernie Ebbers and the guys at Enron did.

Why isn't Franklin Raines in jail?

And not only is he not in jail, he received a $1oo Million Dollar+
golden parachute?!?!

Why haven't there been clawbacks on Rubin, Paulson (the two
chief architects along with Greenspan of this entire debacle),
Angelo Mozilo, Jimmy Cayne, Fuld, Thain, and every single
banking CEO who needed taxpayer TARP funds to survive.

Attach mandatory clawbacks as a requirement of receiving
Taxpayer/TARP funds -- period. And make it retroactive.

...return the money, or pay the clawback.

If you need taxpayer money to survive, give back the millions
you stole via non-existant, ponzi scheme, paper profits.

It will keep a lot of banks from taking TARP money and levering
up and buying other banks, parking the money in Treasuries, or
or playing inside baseball by trading against the market (on
insider information) like Goldman is doing, as their branch
office formerly known as the US Treasury picks winners and losers.

2. Bum Rush Bailouts I & II

Bum Rush I: Hank Paulson calls Congress behind closed
doors, and in a "secret meeting" threatens them with Martial Law
if they do not hand him an $800 Billion Dollar bailout check
for the banksters, with a blank check guarantee/backstop, and
immunity for him!

Obama is elected and promises to never let than happen again,
and promises to post all further bailout and stimulus packages
online for at least five days, giving Congress time to debate,
and the American taxpayer time to read the bill, and express
their voice to their elected representatives.

But, that didn't happen, and instead we got...

Bum Rush Bailout II:

This bill was written by lobbyists, and approved by the committee
chairmen, and then crammed down the throats of Congress with
Obama's demand that this must be passed now... before Congress
even had time to READ the bill, and without American TAXPAYERS
even getting a chance to see it, let alone voice an opinion on it.

That my friends... is totalitarianism and fascism in action.

Our government has literally been taken over and hijacked.

Congress is nothing more than an extorted,and blackmailed
rubber stamp.

3. The Fascist State: Patriot Acts I & II, The Bush Executive Orders,
The John Warner Defense Act, FEMA Camps, and Gun Grab Bills etc.


Why is the so-called "War on Terror" being primarily directed
at the American people?

-- Threats of Martial Law.
-- Congress being extorted, blackmailed, and removed from the political process.
-- NSA openly spying on, and data mining files on not just politicians and journalists, but the entire American public.
-- A new Obama "Domestic Security Force" equally manned, and funded
as the military!?!?! WHY" For what purpose?
-- New Dept. of Defense & FEMA domestic prison camps - WHY?
-- Still uncontrolled borders and a blind eye to the collapse
of the Mexican Narco State.
-- Military bases in 130 of the worlds 160 countries, and a
Defense Budget that exceeds that of the rest of the world combined?
-- A Carbon Tax to be paid to the World Bank-ster Gangsters.
-- Tax Hikes to recapitalize Ponzi Scheme Bankers & Bigger Government

Until we see justice, the end of the "bum rush" bailouts, and
the brunt of the War on Terror being directed at the American
people, with an all out frontal assault on the Constitution
and the Bill of Rights...

I stand by my statement, that our government has been hijacked
(in broad daylight) and that we are witnessing the literal
"controlled demolition" of the United States, where the
"shadow government" will take advantage of this crisis to
implement their scripted new world order, robbing America of
it's sovereignty, and taxpayers of their jobs, their savings,
and their retirement. And ultimately folding this country into
a global government run by, of, and for the elites, and enforced
by the American Military and the Intelligence agencies, turned on
and against the people.

There is a very small window in which Americans must not only
wake up, but take action.

Tick, Tock...

S.O.T.B.