Comments on: Tax Dollars To Bail Out Foreign Banks? http://www.oliverwillis.com/2008/09/21/tax-dollars-to-bail-out-foreign-banks/ Like Kryptonite To Stupid Mon, 23 Nov 2009 01:31:35 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: PTT http://www.oliverwillis.com/2008/09/21/tax-dollars-to-bail-out-foreign-banks/#comment-118352 PTT Thu, 02 Oct 2008 14:08:34 +0000 http://www.oliverwillis.com/?p=9421#comment-118352 Hello, I posted a blog entry analyzing the language in the Bill that gives Paulson authority to spend billions to buy foreign banks and foreign governments' bad debt. http://photontorpedotube.blogspot.com/2008/10/senate-passes-emergency-bill-bailing.html Hello, I posted a blog entry analyzing the language in the Bill that gives Paulson authority to spend billions to buy foreign banks and foreign governments’ bad debt.

http://photontorpedotube.blogspot.com/2008/10/senate-passes-emergency-bill-bailing.html

]]> By: essrog http://www.oliverwillis.com/2008/09/21/tax-dollars-to-bail-out-foreign-banks/#comment-116428 essrog Mon, 22 Sep 2008 03:12:27 +0000 http://www.oliverwillis.com/?p=9421#comment-116428 Country First? Country First?

]]> By: C.S.Strowbridge http://www.oliverwillis.com/2008/09/21/tax-dollars-to-bail-out-foreign-banks/#comment-116386 C.S.Strowbridge Sun, 21 Sep 2008 21:31:57 +0000 http://www.oliverwillis.com/?p=9421#comment-116386 Maybe I can declare myself to be a foriegn bank and collect some money. All I will need is a few deposits. How about it, guys? You know I'm good for it. I wouldn't spend it all on beer and Japanese porn. Maybe I can declare myself to be a foriegn bank and collect some money. All I will need is a few deposits. How about it, guys? You know I’m good for it. I wouldn’t spend it all on beer and Japanese porn.

]]> By: fafaroo http://www.oliverwillis.com/2008/09/21/tax-dollars-to-bail-out-foreign-banks/#comment-116363 fafaroo Sun, 21 Sep 2008 19:02:24 +0000 http://www.oliverwillis.com/?p=9421#comment-116363 "Sound familiar? “Can’t wait to find the evidence comes in the form of a mushroom cloud” - ring any bells." Another thing that sounds familiar is giving a single department head complete and unfettered authority to disperse billions of dollars as he sees fit. Can you say Paul Bremer and the Iraq provisional Authority? Does anyone really think this bailout will be any different, that billions of dollars won't just slip down the rabbit hole totally unaccounted for, just because it's being dispersed to American companies? If anyone believes that, they haven't been paying attention for the last 8 years. No one in government should have that kind of unchecked power and that goes double for anyone in the Bush administration. “Sound familiar? “Can’t wait to find the evidence comes in the form of a mushroom cloud” – ring any bells.”

Another thing that sounds familiar is giving a single department head complete and unfettered authority to disperse billions of dollars as he sees fit. Can you say Paul Bremer and the Iraq provisional Authority?

Does anyone really think this bailout will be any different, that billions of dollars won’t just slip down the rabbit hole totally unaccounted for, just because it’s being dispersed to American companies? If anyone believes that, they haven’t been paying attention for the last 8 years.

No one in government should have that kind of unchecked power and that goes double for anyone in the Bush administration.

]]> By: durablend http://www.oliverwillis.com/2008/09/21/tax-dollars-to-bail-out-foreign-banks/#comment-116361 durablend Sun, 21 Sep 2008 18:56:04 +0000 http://www.oliverwillis.com/?p=9421#comment-116361 Come on Oliver...you weren't planning to use that money in your bank account(s) anyway, right? Give it to Paulson...he'll take good care of it! Come on Oliver…you weren’t planning to use that money in your bank account(s) anyway, right? Give it to Paulson…he’ll take good care of it!

]]> By: LiveFreeOrDie08 http://www.oliverwillis.com/2008/09/21/tax-dollars-to-bail-out-foreign-banks/#comment-116356 LiveFreeOrDie08 Sun, 21 Sep 2008 17:31:19 +0000 http://www.oliverwillis.com/?p=9421#comment-116356 The Reptiles didn't know WHEN this meltdown was gonna happen, but they damn well knew it was GOING to happen...cause I KNEW it was gonna happen. It's not that difficult to understand that a confidence game depends on a plausible foundation. When the system is leveraged 30x to a dollar, and all the baseline dollars are bad debts (see foreclosure crisis)... do the math $0 x 30 = ? There's no money out there. Never was. Wall Street allowed investors to borrow heavily on their portfolios, and anyone that bought an sold quickly made a killing in "real money" on the trade, but anyone holding the paper when the music stopped is screwed. So, back to the Reptiles. They're now employing the "SHOCK DOCTRINE" (ask Palin about that one...I'm sure she can fill you in) to restart the music just long enough to push all the paper out of the private sector and into government debt. They're all over the press this weekend saying "THE SKY IS FALLING!!" and we don't have time to analyze things because it's just all going to collapse so quickly. Sound familiar? "Can't wait to find the evidence comes in the form of a mushroom cloud" - ring any bells. I'm not buying this time. Literally. The Reptiles didn’t know WHEN this meltdown was gonna happen, but they damn well knew it was GOING to happen…cause I KNEW it was gonna happen. It’s not that difficult to understand that a confidence game depends on a plausible foundation. When the system is leveraged 30x to a dollar, and all the baseline dollars are bad debts (see foreclosure crisis)… do the math $0 x 30 = ?

There’s no money out there. Never was. Wall Street allowed investors to borrow heavily on their portfolios, and anyone that bought an sold quickly made a killing in “real money” on the trade, but anyone holding the paper when the music stopped is screwed.

So, back to the Reptiles. They’re now employing the “SHOCK DOCTRINE” (ask Palin about that one…I’m sure she can fill you in) to restart the music just long enough to push all the paper out of the private sector and into government debt. They’re all over the press this weekend saying “THE SKY IS FALLING!!” and we don’t have time to analyze things because it’s just all going to collapse so quickly.

Sound familiar? “Can’t wait to find the evidence comes in the form of a mushroom cloud” – ring any bells.

I’m not buying this time. Literally.

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