Most of the people who oppose the bailout do so for ideological reasons. Conservative Republicans fear the advance of socialism in the form of government intervention. They picture themselves as saving the Republic from collectivist marauders out to destroy the free market. And that includes Henry Paulson the former head of Goldman Sachs who came ( Read more... )

( Read more... )

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The Bailout Wont Work and the System Will Implode

David Weidner
DAVID WEIDNER'S WRITING ON THE WALL

Goldman is getting the best of the credit crisis

Commentary: Opponents have been vanquished and bad bets wiped away
By David Weidner, MarketWatch

Last update: 12:01 a.m. EDT Oct. 2, 2008

NEW YORK (MarketWatch) -- Not often do you regard a company ( Read more... )

The IMF Comes Home to Roost
by ActivistGuy
Sat Sep 20, 2008 at 10:27:34 PM PDT

With the recent upheavals in finance capital, and the vast government bailouts that have been put in place, certain terms have gained appropriate currency.  Many have quite appropriately been referring to Naomi Klein's "Shock Doctrine".  I've been calling it IMF Economics ( Read more... )

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Lipstick on a Bailout
http://supportedthebailout.org

http://FedupUSA.org

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(Update1)

By Brendan Murray

Oct. 1 (Bloomberg) -- Former U.S. Treasury Secretary Paul O'Neill said the $700 billion bank-rescue proposal under negotiation in Washington is ``crazy,'' with potentially ``awful'' consequences for ( Read more... )

From a three page bill to one that is 400 pages long with tax breaks for Puerto Rican filmakers and those who make wooden arrows for children's toys.

Soooee, sooee, pig.

Yesirrre, sir, don't want to crater the Puerto Rican film industry or deprive kids of arrows.

Have no fear, Americans!

The same gang of pirates that shoved us into this financial ( Read more... )

Added: October 01, 2008

Does he think he admire dictator frontman Paulson?

Click to view

Inquiring minds are interested in Nouriel Roubini's thoughts on the Paulson Plan. Please consider the RGE Conference Call on the Economic and Financial Outlook..and why the Treasury TARP bailout is flawed.
The Treasury plan (even in its current version agreed with Congress) is very poorly conceived and does not contain many of the key elements of a ( Read more... )

Related
Hedge fund chief warns on wrongdoing
Marc Faber: US Needs as Much as $5 Trillion Financial Rescue

Added: September 25, 2008

Does Congress take us for such fools? $700 billion is "chicken feed" The crooks will use this money to conceal their crimes and hide their toxic debt. We have had an economy based on fraud; this will solve nothing.

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Related
Pelosi says bailout plan has to pass

The former Goldman Sachs CEO even went down on one knee as if genuflecting, to which Speaker Nancy Pelosi (D-Cal.) is said to have joked, "I didn't know you were Catholic."

According to the article, after Paulson told the Democrats, "Please don't blow this up," House Speaker Nancy Pelosi (D-CA) responded ( Read more... )