Bailout plan: robbery under our noses

Thesaurus: bamboozle

verb

To cause to accept what is false, especially by trickery or misrepresentation: beguile, betray, bluff, cozen, deceive, delude, double-cross, dupe, fool, hoodwink, humbug, mislead, take in, trick. Informal have. Slang four-flush. Idioms: lead astray, play false, pull the wool over someone's eyes, put something over on, take for a ride. See honest/dishonest.

Robbery or Consolidation?
http://current.com/items/89351134_bailout_equals_aquisition

Another master theft job by Bush and Co.

I think he is shading his eyes so he can see over the top of the pile of Bull Shit he is trying to lay on America. These people have no conscience!

You would not be worrying, had you paid arttention to what was going on under the Clinton Administration.

http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=print

They see what has been so obvious to some: an administration's last big hoorah gotcha game. redistribute all the money then let the new guys deal with it........HAH!!

way to go walker & co.

Have you noticed how the cost of the Iraq
war is not a media issue?

Instead they're focused entirely on greasing
the wheels for the latest multi-trillion dollar
scam.

Just like a magician; while you are watching the left hand , the right one does the trick !

With All Eyes on the Bailout, House Passes Trillion-Dollar Defense Bill

PENTAGON SCORES A BIGGER RIP-OFF THAN BAILOUT
http://current.com/items/89342370_pentagon_scores_a_big...

IT'S EMPIRE BUILDING, NOT DEFENSE SPENDING !
http://www.alternet.org/waroniraq/100524/

"We have become a monster in the eyes of the whole world – a nation of bullies and bastards who would rather kill than live peacefully. We are not just whores for power and oil, but killer whores with hate and fear in our hearts. We are human scum, and that is how history will judge us… No redeeming social value. Just whores. Get out of our way, or we’ll kill you." – Hunter S. Thompson

"We are watching a poorly staged rendition of Wag the Dog , interpreted for the morbidly stupid and performed by the criminally insane." - Jules Carlysle

http://latimesblogs.latimes.com/washington/2008/09/bailout-plan.html

Where did the $700 Billion number come from.They pulled the number out of their asses. they just wanted it to be big and believeable to stri the shit pot. Get some action quickly. What a farce. New World Order here we come. NO more Constitutional Rights. Just like 1984. Who are we at war with now?

"I believe that banking institutions are more dangerous to our liberties than standing armies.
If the American people ever allow private banks to control the issue of their currency, they're fuc$ed".
-Thomas Jefferson, 3rd President of the United States of America

ALL THIS IS IN THE PLANS PEOPLE HOW ELSE WILL THEY INTRODUCE THE AMERO? THEY HAVE TO DRIVE THE DOLLAR DOWN TO NOTHING. THE NEW WORLD ORDER HAS PLANS AND WE ARE JUST PAWNS IN THE GAME.

Every kindergarden child should be cutting his teeth and learning to read these quotes from the past. How else will the people be educated and learn to overthrow and protect their freedoms and liberties. What has happened to those who propose there is a loving God looking out after the people? Oh I for got the churches are all part of the scheme. The church is allowed to build their oown religious financial empire as long as they can keep the masses passive and BSed in believing to pray and pray and God will see to it that all is OK. Just one thing tho, Millions have died so far, how many more millions must die to satisfy the controllers?

Saw Dennis Kucinich on Democracy Now addressing the bill being voted on, and he raised some interesting points:

On who the bill helps:
"It has provisions in it where it talks about helping homeowners, but when you read the fine print, you see it has language like 'may' instead of 'shall' and 'encouraging' instead of 'mandating' help for the millions of homeowners who are worried right now about whether they’re going to lose their home. There’s no help for them in this.
So what we have here is a rescue plan that essentially gives all the speculators a bailout and puts the bad debts in the custody of the government."

On the vote for the bill:
"It’s going to be a very close vote. And I don’t see this as a partisan issue, by the way. I mean, in a way, the debate that tries to make it a partisan issue is a diversion. This is really whether or not people will side with Main Street in a struggle with Wall Street, because, you know, this is not about left or right. This is about up or down, and it’s about the color green."

On what happens if the bill doesn't pass:
"We haven’t looked at any alternatives, Amy. This is—you know, it isn’t as though, if you had a liquidity crisis, that—you know, a real one—that you’d start to look at all the alternatives. We haven’t done that...
Congress better get ready with a plan B."

On the legitimacy of the need for this bill:
"There’s 400 economists and three Nobel Prize-winning economists who have said, 'Whoa, wait a minute! What are you doing? Why are you rushing this?' You know, this thing doesn’t smell right, frankly."

Full transcript and video links here:
http://www.democracynow.org/2008/9/29/is_this_the_united_states_congress

daboz,

Clinton did it all? All by himself he DEREGULATED the banking system and precipitated this awful crisis?

I'm sure you just disremembered the details and momentarily forgot this was 'veto proof legislation' Right? So let's refresh your memory, K?

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley

"he Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, is an Act of the United States Congress which repealed part of the Glass-Steagall Act, opening up competition among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services.

"The bills were introduced in the Senate by Phil Gramm (R-TX) and in the House of Representatives by James Leach (R-IA). The bills were passed by a 54-44 vote along party lines with Republican support in the Senate and by a 343-86 vote in the House of Representatives. Nov 4, 1999:

After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90-8-1 and in the House: 362-57-15. This 'veto proof legislation' was signed into law by President Bill Clinton on November 12, 1999

The banking industry had been seeking the repeal of Glass-Steagall since at least the 1980s. In 1987 the Congressional Research Service prepared a report which explored the case for preserving Glass-Steagall and the case against preserving the act."

http://en.wikipedia.org/wiki/Phil_Gramm

"Gramm was one of five co-sponsors of the Commodity Futures Modernization Act of 2000[3]. One provision of the bill was referred to as the "Enron loophole" because the House Agriculture Committee drafted it and it was later applied to Enron. Some critics blame the provision for permitting the Enron scandal to occur.

"He was John McCain’s presidential campaign co-chair and his most senior economic adviser[6] from summer 2007 to July 18, 2008.

In a July 9, 2008 interview explaining McCain's plans in reforming the U.S. economy, Gramm explained the nation was not in a recession, stating, "You've heard of mental depression; this is a mental recession," and "We have sort of become a nation of whiners, you just hear this constant whining, complaining about a loss of competitiveness, America in decline.""

"Gramm is a vice-chairman of UBS Investment Bank, a financial services company based in Switzerland."

"On July 18, 2008 Gramm stepped down from his position with the McCain campaign. However, he often accompanies McCain during the campaign, and continues to be an unofficial adviser on economic and financial matters."

WANNA BET THAT IF SPITZER HAD BEEN ALOUD TO PROSECUTE THESE MOFOS WE WOULD NOT BE IN THIS NAIL BITING SITUATION ?

THE REAL SPITZER STORY
http://my.nowpublic.com/world/real-spitzer-story

IT IS CALLED ACCOUNTABILITY !

THE FINANCIAL MELTDOWN EXPLAINED !
http://my.nowpublic.com/world/financial-meltdown-explained

WHO'S GOING TO BE ACCOUNTABLE FOR THE MESS NOW ? WE THE PEOPLE OR THE WALL STREET BARONS ?