Politico:
In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department's mortgage bailout, according to the fine print of an administration statement Saturday night.
The theory, according to a participant in the negotiations, is that if the goal is to solve a liquidity crisis, it makes no sense to exclude banks that do a lot of lending in the United States.
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Imagine UBS invented these sup primes and Phil Gramm working for them slipped this poison into our drink, and now we are gonna bail them out..!
Phil Gramm still works for UBS..!
"Foreign Banks May Be Included In Bailout For A Price"
We got a lot of work to do here, Nation, let's git 'er started!!!!!
Contact List:
Contact Pelosi: http://speaker.house.gov/contact/
Contact Reid: http://reid.senate.gov/contact/index.cfm
Contact Obama: http://my.barackobama.com/page/s/contact2
Find Your Senator
http://www.senate.gov/general/contact_information/senators_cfm.cfm
Find your Congress Critter
http://forms.house.gov/wyr/welcome.shtml
THEN, when you're done with those folks, SIGN THE PETITIONS!!!:
http://www.democrats.com/stop-paulsons-plunder
http://act.credoaction.com/campaign/no_blank_check/?r_by=912-1591685-lTuvLDx&rc=paste
We need to do what WE can - NOW - to prevent any more of the shrub's crooked-cronyism to further destroy our Country!!!!!
Contact Pelosi why bother..?
Impeach Pelosi, I say..!
If they want to give the American people hope, the only answer is to arrest all of the Bush Administration, Bank CEO's, Paulson and the rest of the crooks and send them staight to guantanamo and give them a taste of water boarding and find out where they have hidden their accounts overseas in off shore accounts.
the george bush administration's final gift to America. i am at a loss of adjectives to describe my feelings. what i really want to say cannot be put in print.
This is SO wrong. If foreign banks are included, then several billions of the bailout money needs to come from foreign governments.
Today I recieved an email from an acquaintance who supports the B administration. It blamed everything on the dems. Usually I simply delete these messages. But not now. I emailed her back, telling her my stand. Felt really good. I suggest we all do this when the opportunity arises.
One word,... NO!
If the Democrats vote for the Bailout, I won't vote in the election! This is a deal breaker for me.
I won't vote at all, I will withhold to only thing I have left that means anything. Not much by itself but if millions of us Democrat withhold our vote ...........
Ya, whether Republican or Democrat it is much better to not do anything and allow the largest banks to fail and allow the credit markets to shrink so that companies can't get operating funds and they downsize or close and eventually we have the Great Depression II on our hands. Good thinking Herbert. If you have a job, it won't last long. So if you and others don't vote, McSame gets elected and we can count on this crap happening again.
And somehow if the Democrats do vote for the bailout and Bush signs it, it is the Democrats problem, although Republicans caused the problem? Great logic.
There should be a bailout BUT who gets included is the question. Foreign banks should NOT be included.
I certainly hope you're kidding, because that's the stupidest thing I've ever hear. If millions of Democrats withhold their votes, we'll be getting the worst of the worst in a President McCain. Great plan!
You don't understand yet, do you? This is blackmail pure and simple. If we allow this blackmail by Republicans, banks, Wall Street, investors and foreign countries we are sunk anyway. If I go down, I at least, want to go down with a little dignity.
The Democrats sold us out when they voted for the Iraqi War. Not again, I will not be screwed again. I don’t care if I cut off my nose to spite my face. Enough! Enough!
If we can’t have hope and change, screw em’ all. I will never forgive Republicans, Wall Street, Banks and Foreign Countries for bringing this down on our heads.
If you have any money in the bank you better get it out and buy some food and hope you make it through what is ahead. It ain’t gonna be pretty.
They have to vote for the bailout or the entire country will be sunk? There is nothing else they can do. They have to save the country. When you go to bank and look for your money or try to dip into you 401k there will be nothing. I wish it were another way but it is not.
I am vey confused and depressed. My knowledge of economics stops after "Don't spend more than you have". My greatest adventure was the purchase of a house. I drive cars until they cease to be.
How could these people, so called economic experts, have allowed this to happen and why are WE paying for it when they continue to make millions?
Their behavior has put our entire society in free-fall...and they...??? As Liberace said, "Crying all the way to the bank".
HEY MR. AND MRS TAX PAYER FOR ONCE WE NEED TO STAND UP TO BUSH AND WALL STREET AND THE CONGRESS !!
NOT THIS TIME NOT THIS TIME !!!!!
I agree, of course...I'm a veteran of the 60s protests and have been waiting patiently for the American citizenry to finally have enough. Unfortunately, it's harder to march when one is using a cane...
The economic experts are not all to blame, many didn't think deregulation was a great idea. It started in 1999 with the elimination of the 1933 Glass-Steagall Act which separated commercial banking from investment banking. This was passed by the Republican held congress, pushed by Phil Gramm (of the McCain campaign). The Republican majority Congress and President Bush are to blame for also deregulating the mortgage industry. Wall Street investment banks are also to blame for taking to much risk, even if allowed within the regulations. Whatever happened to being responsible to your stockholders? Whatever happened to the prudent person theory?
You are not correct on you facts. I am old enough to know the facts.
McCain hero, Ronald Reagan busted the air traffic controller union, fired the workers.
Due to the opening the door to deregulations McCain with navy friend charles keating was given the keys to fraus the seniors in the saving and loan, which the taxpayers had to bailout for over 200 billions in 1987.
Charles is out of jail and now fund raising for McCain to win. Former Senator Phil Gramm also slipped in the middle of the Christmas holiday nights a bill dealing with ENRON loophole. Mrs. Gramm worked for Enron at the time.
PRESCOTT BUSH GOT HIS WAY - YAAYYYYY!!!!
What, turning the U.S. into the Weimar Republic?
EVERYONE, Republican or Democrat, please watch this:
http://www.youtube.com/watch?v=MO6P_yjKFR4&eurl=
Bear in mind, as written, the bailout does not benefit ANY taxpayer, ANYWHERE. It gives the Bush administration free reign to buy bad debts with public money; $700 billion is just the START. Likely they believe McCain will win the election (or they steal it again) so they have another 4 years of pillaging the American people.
In other words, this bailout gives Bush, Cheney and their banking institution cronies free reign to directly siphon wealth out of the hands of the people who work for it, and place it in the hands of the already fabulously wealthy and fabulously greedy.
If you are a millionaire, or a billionaire, then this includes you too. The money will be funneled out of the US economy altogether to international banks and then into the hands of those with TRILLIONS; millionaires don't even register on their financial scale.
Google Bilderberg Group. Google Shock Doctrine. This should make it painfully clear exactly what is being done here.
Bush knows this, and he knows this is going to come out, so he's already prepared his bolthole in South America. Once the truth gets out, the world will be looking to hunt these people down once and for all.
Start lobbying your Congressperson or Senator to block the bailout plan and ARREST BUSH AND CHENEY. They, and their co-conspirators, NEED TO BE PROSECUTED FOR THESE CRIMES.
This crisis is how the Amero is to be ushered in, or at least prepared for, with the devaluation of the Dollar.
Dollar May Get `Crushed' as Traders Weigh Up Bailout
http://www.bloomberg.com/apps/news?pid=20601087&sid=aGBXzUuCWbUE&refer=home
Please read this, Google Shock Doctrine, Bilderberg Group; if you've never heard of it, google for Amero and North American Union.
Watch http://www.youtube.com/watch?v=MO6P_yjKFR4&eurl=
This is EXACTLY what is being done to the American people; this isn't a financial crisis, its a financial CRIME.
Republican and Democrat alike, time to put your differences aside and remember that you are ALL Americans. And that is exactly who Bush and his cronies are trying to rob, now and for all future generations. They are looking to rob you of wealth and liberty.
It's time for these crooks to GO TO JAIL.
The abuse of the American citizen has gone too far. Time for another tea party.
Those Tax & Spend Republicans are at it again.
MCCAIN & PALIN in BEAUTY & the BEAST
Featuring the McCain Economy Chorus
http://www.youtube.com/watch?v=QiItoHftv4A
Forget the party politics!
POVERTY AND CRIME ARE BI-PARTISAN.
ALL of the American People are being robbed by Bush and his international banking pals.
They need to be stopped and put behind bars.
Start lobbying your Senator and Congressional representatives now to block this plan, and impeach Bush and Cheney. Any politician who defends this plan is selling out America wholesale - not just this generation, but every future one too.
Again the Bush/Cheney policy is for EVERYONE ELSE except AMERICANS.
Why bail out Foreign banks? Because Bush/Cheney assets are in those banks.
It is TIME to think about Americans - F**K Bush and Cheney - They got us into this mess with all their little secrets - now they want a Trillion dollars to party on.
Impeach Bush/Cheney then try them for Treason.
It's time for EVERYONE, Republican and Democrat, to start lobbying Congress and the Senate HARD for this, and FIND OUT WHERE THE MONEY IS GOING.
Where has all the money making up the US national deficit gone, for instance?
Where is all the money that European nations is paying in contributions to the EU going?
It's time to DEMAND transparency from banking institutions and our governments, in order to make sure that they are representing our best interests.
It's time to see the books, and PUT THE CROOKS IN JAIL WHERE THEY BELONG.
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First Posted: 09-21-08 09:27 AM | Updated: 10-22-08 05:12 AM