""Who could turn down a deal like this? I did.

"The globalization of the debt puts the United States in the position that in order to repay the money that we borrow from the banks (for the banks) we could be forced to accept International Monetary Fund dictates which involve cutting health, social security benefits and all other social spending in addition to reducing wages and exploiting our natural resources. This inevitably leads to a loss of economic, social and political freedom.""

What Kucinich has to say on the bail out. It is a 'teachable moment.'

No nudity anywhere.

Porn you can watch at work

I read the stupid 110 p proposed law. I am far from a financial analyst. I am just an everyday citizen trying to make heads or tails of this monster.

I figure hardly anyone has time to read this stuff. Well, I fell down a hill and hurt my hurt ankle for the 40th time and I'm flat on my back and doped up for a while, so here is my informal, jotted, best attempt at understanding it, and some of my thoughts while reading it.

1st paragraph - what are the other purposes? lol wtf

pg 5 excludes any central bank owned by a foreign country....good; funds definition is weird, have to skip ahead to find out what it is. :(

Don't like this - any financial instrument that the secretary after consultation with the fed, determines a need for, after transmittal to congress. Says not a thing about congressional approval - only transmittal.

by page 7 it is already looking like a bureaucratic nightmare.

pg 8 omg too much authority is being given - treasury gets executive authority

Is it possible this monster will be able to make or break anyone they want?

pg 13 interesting - all financial institutions can participate....no discrimination of SIZE (ok, ??? I thought the problem was only the too big to fail.) Looking a lot like socialism here....

pg 15 Financial stability oversight board
They can only review and make recommendations - they can't directly censor it seems - problems they find have to go to a special inspector GENERAL for ASSETS RELIEF PROGRAM or the attorney general.
(Everyone is pretty much appointed by the executive branch.)

They will meet every month. They report to the congressional panel 2x a year.

Then THIS oversight board is going to terminate. I'm not clear on when? Looks quick? pg 17 bottom

pg 19, pretty much says the treasurer will bring congress a detailed invoice and the bill and
"a description of the vehicles established to exercise this authority"
They need to make a report 1 week after they spend every 50 billion bucks

THE Secretary manages purchased assets.
pg 22 Ok, how much further can we get from the constitution?

Money from revenues goes into treasury to go towards the public debt.

(I'm reading this as, we are broke and we need to make money, so high risk it is...) ????????? Is our only option a high risk gamble?

At this point, since the sec of treasury will be buying and selling revenues with the tax payers money, I am kinda wondering how much access he will have to intelligence data.

And this authority thing is bugging me. I don't understand it. if someone leaves their home, and the fed has the mortgage, to what length can they go to get that money owed? IE, will that person ever get a tax refund again, ever? You cannot go bankrupt against federally held loans as it is.

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p. 22
sec. may waive provisions of the federal acquisition reg... [ Read More (0.5k in body) ]

Bail Out Proposal 9-29 for discussion

THis is so crazy, it is funny.

Until I consider the congregation is most likely tax exempt.

I've never heard a preacher say tits before. He's a good speaker - but man, what he is saying....I'd have to hit him.

Preacher trashes his own race, congregation, Obama

"nder TARP, US Treasury Secretary Henry Paulson is granted sole authority to dispense $700 billion as he sees fit. Paulson said the money would be used to mainly cover losses incurred by failing financial firms, brokerages, investment banks, leveraged buyout firms, insurance agencies, and any other financial entity deemed "too big to fail."

Under the alternative Trends Research Institute Program (TRIP), $700 billion would not be dispensed at the sole discretion of the Economic Czar. Rather, under TRIP the $700 billion would be distributed equally among the 200,000,000 taxpayers who put the money up.
"TRIP is not a bailout plan, it's a stimulus package," said Celente. "Unlike TARP, which is doomed to fail, our plan provides immediate relief. With TARP all the money goes to a handful of failing institutions with the hope that some trickles down to the working public.

"With TRIP, each taxpayer will directly receive a $3.5 million stimulus check. This will instantly generate economic growth, end the housing crisis, reduce unemployment, eliminate consumer debt and balance the budget.

"There is no time to debate TRIP," warned Celente. "Immediate action must be taken. Inaction or delay risks an economic Armageddon. While Congress is wrangling over how much to pay overpaid CEO's under TARP, TRIP could be instantly written into law, solving the economic woes of our nation." "

Alternative to the TARP plan, the TRIP plan

hmmmmm....should I send it?

"Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Minister of Treasury Paulson"

Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.

Excuse me?! You're a bank that just FAILED and, dodging your bankruptcy responsibilities, you've managed to set aside $2.5 BILLION for BONUSES to the people who presided over your FAILURE?

If anyone wants to know why Main Street is pissed off at Wall Street, look no further than this. This is Wall Street saying, "Fuck you!" in giant letters, to Main Street. Main Street is not amused.

Fury at $2.5bn bonus for Lehman's New York staff - Business News, Business - The Independent

I didn't know to put this under economics or religion. I put it under religion, but I do think that they are onto something. It also says a lot about the value of women within any given heirarchy.

This is still happening today. It is not a 'historical' problem, it is a contemporary problem. I read Witchvox news frequently, and there is always some poor old woman or even children getting killed for withcraft. It is sad. India has a real problem with it.

"Emily Oster, an economist at the University of Chicago, has tried to gather systematic data on the link between witch trials and the weather. The results look striking: between 1520 and 1770, colder decades go hand-in-hand with more trials. The link may be simply that witches were often blamed for bad weather. Or there may be a less direct link: people tend to lash out in tough times. There is some evidence, for instance, that lynching was more common in the American south when land prices and cotton prices were depressed.

Such deaths are, sadly, not a historical footnote."

Why it is dangerous to be a witch in a recession

Not only is she somewhat incoherent at times, she's clearly all for invading anywhere she damn well feels like.

So, are we ready to start seriously campaigning for Obama, or at least putting up signs that say "OH GOD ANYONE BUT MCCAIN" yet?

This is almost painful for me to watch and I don't even like her. She doesn't have a clue what is meant by the Bush Doctrine but she won't admit it. Yet it is evident.

She keeps using his name, Charlie, Charlie, Charlie. People like it when you use their names. Someone has told her this. She didn't use my name though, so I still hate her.

Sarah Palin talks about Bush Doctrine

"“We will have a list of foreclosed homes and will make sure people aren’t voting from those addresses,” party chairman James Carabelli told Michigan Messenger in a telephone interview earlier this week. He said the local party wanted to make sure that proper electoral procedures were followed.

State election rules allow parties to assign “election challengers” to polls to monitor the election. In addition to observing the poll workers, these volunteers can challenge the eligibility of any voter provided they “have a good reason to believe” that the person is not eligible to vote. One allowable reason is that the person is not a “true resident of the city or township.”

The Michigan Republicans’ planned use of foreclosure lists is apparently an attempt to challenge ineligible voters as not being “true residents.”"

Second link: http://www.marketwatch.com/news/story/project-vote-denounces-gop-plans/story.aspx?guid={E0968A12-7A8A-4E85-8686-39AE22FCFB50}&dist=hppr

THis is another one of those, 'how could you even consider doing this' things.

Lose your House, Lose your vote