Wednesday, Sep 24, 2008
Consciousness in the USA
LA Times: Only 31% favor bailout
The poll was conducted from Friday through Monday....My sense is that the bailout is becoming less popular each day, and that a poll taken this week would show even deeper opposition to the original Paulson plan
Posted by gardeniadotnet @ 02:01 PM (1251 views) Add Comment
22 Comments
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1. whiteknight said...
Moral Hazard is not over. People were quick to think (and I myself was hopeful) that this had ended with Lehman. However, soon we saw that this was just relative power players playing fast and loose with the economy and with tax payers money. Taking the opportunity to "do over" a few competitors.
We also see that whilst the banking system as a whole is not allowed to fall by the wayside - they call up their banking buddies in different countries to come in with some money to fill the trough - so they can carry on the same.
Enough is enough.
2. gardeniadotnet said...
This gets better and better...
Section 8 of bailout reads:
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Are they 'avin a laff...or is it me?
3. planning4acrash said...
Gardeniadotnet, This IS a corporate takeover of all of the US government's finances. It will follow what has happened to third world country's when they are ladened with debt. Any restructring, if directed via the world b(w)ank will involve a slashing of social security and medicare, theft of pension funds and a mass sell off of infrastructure to global private b(w)anks.
4. whiteknight said...
They are far from having a laugh. Nor maybe should we be.
5. last_days_of_disco said...
The UK government is breaking the law by secretly funding UK banks. We should take them to court.
6. charlie brooker said...
I would like to think that the internet is playing its part in this.
What an extraordinary thought that the rapid dissemination of vital information to The People could result in punishment being served on those who truly deserve it. Historically these crooks have floushed by avoiding justice, able to deceive the masses by keeping them isolated and in the dark. No more.
A new chapter in human history may truly be upon us. Ladies and gentleman - its been a privilege knowing you - even if anonymously!
7. gardeniadotnet said...
Bail-out available to an increasing number of non-financial companies.
I'm joining the queue myself. A billion will be fine thanks- don't want to be greedy.
8. mountain goat said...
This bailout shouldn't be a surprise to anyone who has been listening to Bernanke and his helicopter speech. Instead people were kidding themselves and talking about deflation and treating the USD as safe haven. Deflation ain't going to happen (apart from debt), get used to it and plan accordingly.
I am still unsure if Crash Gordon will do the same though.
9. sold 2 rent 1 said...
charlie brooker,
"A new chapter in human history may truly be upon us. Ladies and gentleman - its been a privilege knowing you - even if anonymously!"
Calleman calls this the Galactic Underworld.
10. alan said...
The Auto industry have marked their place in the bail out queue for some time now. Any attempt to by-pass them will result in redundancies during the election period. Check out the speeches by the C.E.O of Chrysler.
After that, airlines....?
11. malct said...
galactic airlines?????
shouldn't this be a bale out?
12. malct said...
G said, sorry quoted - "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
but hey laws can be repealled and this is all just and accident - effing so what!
WAKE UP! those who are still asleep, get out of the box and help while you can, and other such futile nonesense.
13. mountain goat said...
It's only money, maybe this will teach us to focus on something else in life.
14. mark said...
the FED are acting like gangsters..... this bailout is not needed, let the system sort itself out
15. planning4acrash said...
Internet is starting a new world, but they are voting now in Europe and America to ban free speech on the internet. Youtube are pre-empting the US ban, where 9/11 truth websites were cited as terrorist, specifically including architects and engineers for 9/11 truth. Here is a video on what youtube are currenly doing. Also do some research on Internet 2, where all website owners and visitors will be charged, on top of general subscription, for usage, by the internet provided, who will have full control as a result of this licencing activity and have the power to switch sites on and off. The charges will kill most small websites, and censorship like that above will be the norm. France has pushed ahead with legislation and the EU are in full flow at the moment. Enjoy the internet whilst you can, and download important resources on disk and hard drive because it may not always be there.
16. rotten tomato said...
Some people have thought about these developments already some years ago.
Thus the freenet project has been developed.
You can download it on your computer.
This is the link: http://freenetproject.org
however it is not reachable at the moment.
I think you may be able to download the same software engine from sourceforge
For general info look up freenet in wikipedia - tells you all you need to know.
17. it_is_going_with_a_bang said...
People on the street are beginning to realize that won't really benefit from it.
They also see executives and highly paid bank employees potentially walking off with huge bonuses even when their bank is bankrupt.
Just how stupid is that?
18. rotten tomato said...
Ok the link works, I am now installing freenet and taking it for a test drive.
19. gardeniadotnet said...
>They also see executives and highly paid bank employees potentially walking off with huge bonuses even when their bank is bankrupt.
When challenged by Congress on this yesterday, Paulson said that continued rewards for the CEOs was an essential feature of the bailout lest it be seen as 'punitive.'
I can feel an hysterical laugh coming on.
20. bystander said...
"They also see executives and highly paid bank employees potentially walking off with huge bonuses even when their bank is bankrupt."@17
....................and do nothing. The generation of 'have now' has become the generation of inaction. The general public and the unions gnash their teeth and yet do nothing. Remuneration/ bonuses should be for success not failure, but we have become so used to medioctrity, be it in education or finance or building, that even that is now to be applauded and rewarded. Excellence needs to be more about society and less about personal gain. Financiers, BTLers and pretty much the whole of the Western World judge worth on whats we have, own, can get, not on what we can give, share. read a comment posted yesterday in Timesonline from a BTLer basically saying that he was still 'substantially better off than Yow". Until society redefines its fundamental values then bankers will still get huge bonuses for dodgy dealing, builders will continue to build substandard rabbit hutches, and governments will continue to downvalue the electorate.
21. it_is_going_with_a_bang said...
Since when is anything not reviewable by a court of law?
I would refuse any bill for anything based on language like that.
22. larry pickleman said...
@ 13: "It's only money, maybe this will teach us to focus on something else in life."
exactly. if everyone's money disappeared tomorrow, what would we have lost?
Nothing at all.