Is it coming? If it happens, it will be because of what Congress DOES, not what it does NOT. WARNING: Buried in the draft revisions on The Banking Committee’s web site is an obscure change to another law that allows The Fed to set bank reserves to ZERO! If this is done it gives banks infinite leverage and WILL ultimately result in the failure of our banking system.
CONGRESS and OUR GOVERNMENT GENERALLY are responsible for the credit lockup. See how and why, then MAKE THIS VIDEO GO VIRAL; we MUST stop the bailout.
http://tickerforum.org, look in BREAKING for the two referenced PDFs. They are pinned topics at the top.
Tags: depression, Depression
Related Posts
Tags: Bailout, Bank Reserves, Banking Committee, Banks, Congress, Depression, Draft Revisions, Failure, Leverage, Lockup
better start learning chinese
when is someone going to act…..atleast one person…when?
so we are now 10 trillion in debt and we are going to borrow more to give it to automakers and bankers that dont know how to handle it in the first place? wtf!
#1 in corruption and lunacy
Buy seeds a plot of land tent camping gear and lots of emergency items
after you get everything you need double and triple check the list to make sure
after you have all of this then and only then buy gold bars or coins no paper gold
as paper gold is dust it is leveraged
you live in the most corrupt country in the world do not wave the flag for that corrupt pos America when the North American Union comes you will die standing up for a corruption invested Country .
hahaha canadian laws….hey eh got a beer eh?..wheres the mounties….sober up…
the first 2 waves of forclosures those people deserved to lose their houses. They took mortgages they couldnt ever pay….that the facts. If you couldnt get a conventional mortgage you had/have bad credit. You shouldnt buy a house with out a down payment of 20%…and payment of more that 1/4 your take home…citizens are also to blame …bankers also are responsible for making bad loans, many should be in prision.
I wish you were my gov’t teacher in college! I’d accually end up being a political scientist.lol.
MSG me on MSN. ID is in my profile. lets do something tonight! r
look at the Constitution a tattered piece of paper all but gone ! bill of rights under attack all this is not ever going to be reinstated.because they are moving already to a Canadian type socialistic system similar if the not the exact same as the Canadian system.
American banks defrauded the world the coming
depression will see more than 8 million dead Americans by starvation.
the FED which is there to prevent Depression are now causing it.50 trillion + in toxic waste in the banks
The Canadian government doesn’t have the infrastructure to make something like that happen. Certainly not in two years, anyway.
The American people are now bankrupt
NExt year the US govt. will go bankrupt
in 2010 USA will be under Canadian laws and in the North American Union.
Americans are not responsible enough to run a country period.
I’m a believer and fan of Denninger, review his past postings for accuracy. The US citizens are not subject to a dogmatic system, so we can fix things quickly, & this helps.
The challenges may be significant, but we’ll learn, grown and thrive throughout the process due to the intelligent and thoughtful system that was put in place to establish our governmental and economical systems so many days ago. It may appear the bankers have won, but great men like our poster here will lead us out.
700 billion dollors is money to invest on the equity of major banks for the stabilization of financial systems. Without the stabilization of financial systems, buying intention of cosumers would not recovered. If u want to accuse the ceo of those banks, just sue them. If u want to save the citizens who are suffering high interests of morgage loans, another laws are needed.
Would have listened to more if it didn’t keep showing his dumb face the whole time. Should have shown for example : a bunch of women in string bikinis sunning themselves while he went gabbing like he did. Why does this guy think he knows so much? Why is everyone playing the blame game? EVERYONE knew the shit would hit the fan at some point, but didn’t realized it would happen now. Thats what ya get. Big deal life goes on. America is still #1.
this was a carefully contrived plan to destroy our currency and rob the american people.
I’m going to get rich off of it.
Thanks George!
YOU’VE HIT IT ON THE NOSE. 700B WAS HIJACKED 10/10/08 TO BUY BANK STOCK—-BUYING FORECLOSED MORTGAGES, HELPING JOESMALLBUSINESSOWNER IS OFF THE TABLE. BANKS DON’T HAVE TO DO ANYTHING, THIS IS NONVOTING STOCK, ZERO LEVERAGE.
$250K fdic guarenteed by banks led to the single largest movement of funds out of MARKET in the history of business cycleS.
THAT ALONE, with the loss of the $700B where it would be helpful IS INSANE.
IF YOU’RE DOING SOCIALISM, JESUS AT LEAST DO THAT RIGHT!
I am not an American - but I realize that the Alpha male concept operates in people and countries. America’s dominance is going to end soon.
You can blame the SEC for the 08 market crash by removing the “up tick rule” in july/07that rule has been there since the last great depression in the 1930’s. so officially there hasnt been a bull market since 1938 with out the “up tick rule” in place. and there never will be.
(copy and paste this everywhere if you hate taxes!)
Were all screwd. Its just a matter of time. The war is just around the corner now. Buckle up people.
interesting xD
BAILOUT = JAILOUT
Just over a month ago George W. Bush told us that the economy was fine.
John McCain told us recently that the fundamentals of the economy are good.
Why the sudden crisis?
Either Bush and McCain LIED, or they are both incompetent.
We cannot trust liars. We cannot trust the incompetent.
Either way, we cannot trust Bush or McCain.
McCain suspended his campaign because he panicked and hit the eject button. That’s not leadership.
Its a fun deal. Its to be 777 points down at first. Then it will make the black president look good. Whe he makes it go up from this down turn. Tada. hehe.