Financial Crisis just starting

Its the only thing that folks are talking about, and really for good reason (for once.)
Today there is an article from the London Guardian (http://www.roguegovernment.com/news.php?id=12264) that is talking about Wall Street’s potential refusal to take part in the bailout plan. One of the big reasons they might not is the provisions in the law that limit executive pay and bonuses.
Are you shitting me Pyle?
I say that people should pay attention to see what banks refuse to take this and boycott them and their subsidiaries. Don’t fall for the way it will be painted , ‘Our bank will weather it’s own bad times and not add to the taxpayers’ burden’ because that is absolute horseshit. If a bank refuses the help, it’s because they are greedy bastards.

Also, I would like to point out something that is not getting the press it should, but during all this bailout drama, a smaller bailout went through without a hitch and under the radar. Last week we did a $25 billion bailout for our automobile manufacturers. I guess since $25 billion is just chump change we don’t have to worry about that though. http://usnews.rankingsandreviews.com/cars-trucks/daily-news/080925-Automaker-Bailout-Appears-Imminent-Detroit-May-Ask-for-More/

Also there is word that the bailout bill was being railroaded through, much in the same manner as the Patriot Act according to Rep. Brad Sherman (http://www.youtube.com/watch?v=HaG9d_4zij8)  Now I know that the martial law thing was brushed off as a misunderstanding as only meaning martial law for the House (which is some weird internal rule, not police lockdown for everyone) but still you can see the kind of political pressure and fear mongering used to shape the feelings of those who shape our laws. It wouldn’t be out of the question that this financial crisis could indeed end up launching martial law (and the suspension of the already rigged elections) especially given the timely activation of Northcomm’s first Army division for domestic operations. http://www.armytimes.com/news/2008/09/army_homeland_090708w/  *This one is especially scary folks*   Didn’t take them long after they got rid of posse comitatus did it?

Maybe the sky is falling, maybe someone is pulling it down on us. Stay sharp and stay safe!

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3 Responses to “Financial Crisis just starting”

  1. “The financial rescue package contains a provision that permits troubled financial institutions to apply for insurance (federal guarantees) and could prevent an outlay of $700,000,000,000. Furthermore, it can cut interest rates substantially, keep troubled homeowners in their homes, and certainly end the credit crunch,” says Michael S. Zarin, President, Wellfleet Investments LLC.

    If you listen to only one program about the financial crisis that the US and the World faces, listen to this!

    Michael lays out the case for a provision in the new Bailout Law that will allow the US Government to get us out of the credit crisis without spending the $700 billion.

    Listen to this podcast and spread the word… More people need to know about this!

    http://politalkblog.wordpress.com/2008/10/06/special-episode-of-politalk-the-bailout-bill-insurance-program/

  2. sandysays1 Says:

    Man are you right! The dominos are falling now. The panic talk and scare tactics by the media have made it much worse. See SandySays1.wordpress.com to strike back.

  3. […] Brad Sherman (http://www.youtube.com/watch?v=HaG9d_4zij8) Now I know that the martial law thing was brushed off as a misunderstanding as only meaning martial law for the House (which is some weird internal rule, not police lockdown for …[Continue Reading] […]

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