Monday, September 22, 2008

oops maybe we shouldnt bail out those banks bush says in his last days…

Mad as hell - taxpayers lash out

"NO NO NO. Not just no, but HELL NO," writes Richard, a reader from Anchorage, Alaska. "This is robbery pure and simple," Anna from Denver posted on CNNMoney.com's TalkBack blog this weekend. "It's our money! Let these companies die," added Claudio from Plainville, Conn.

Posted by mark @ 11:19 AM (1045 views)
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9 thoughts on “oops maybe we shouldnt bail out those banks bush says in his last days…

  • How quaint ! These people actually think someone gives a f**k ! Bless.

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  • “The government doesn’t have $700 billion, WE have $700 billion and it’s being taken from us”. It’s a bit more devious than that. The government prints the $700 billion and that reduces the value of your dollar holdings.

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  • civil unrest huh

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  • last_days_of_disco says:

    This is why we are heading for deflation. Democracies will never allow the smooth reflation scenario to play out.
    Unless the number of people in trouble out number those that are not and then they have to be in a position to vote.
    And what possible political argument are they going to make to everyone. They have no moral authority.

    Do you think for one second the republicans are not shaking in their shoes at the prospect of the b*ll*cking they are
    going to receive? No more nice limo, no more power and influence, no more respect, these guys hear the voice of
    the organized independent American tax payer and they know what they must do, be seen to fight the bailout.
    Same thing is coming in the UK.

    Everyone who has not gorged themsleves on debt is going to be furious and motivated, while those in debt will be
    despondent and doomed. They may be proved right later (i.e. the banks should have been bailed out) but it will be
    too late, the damage will have been done because these systems are dynamic and once something has happened
    (like the Lehman bankruptcy) it can’t “unhappen”.

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  • charlie brooker says:

    Good to see ordinary Americans understand there’s a heist going on and they’re the victims. Do they know the terms under which Paulson will be ble to act could not be challenged in court? No wonder he wants a swift resolution. Is anyone suprised Goldman have now terms themselves into a deposit bank having annihilated the opposition and put so many regional banks on the endangered list? They were after world domination all along the crafty bastards.

    Somewhere in the article is a comment “vote the jerks out”. That’s a polite name to call those who deserve to be executed for premeditated economic plunder.

    America, you had a revolution before you need it again like never before! Wake up! Wake up for you own sakes! Those who sort to control you centuries before are about to succeed now. WAKE THE F4CK UP!

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  • Last_days – When all the major parties support the bailout, where does the voter go? If the government simply sticks to the line that the alternative to the bailout is economic collapse and major unemployment, very few will disagree in my opinion. As you say, the deed is done by the time we will all see the consequences, another party is in power and they simply blame it all on Labour.

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  • Can anyone give a rational explanation of why the collapse of these investment banks would result in economic collapse?

    Ordinary people buying and selling have never seen and are never likely to see any of the multimillion pound bonuses or the multibillion pound losses after all.

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  • last_days_of_disco says:

    @shipbuilder

    You are forgetting the basic reality for the Senators/Congress, etc. They want to keep their seats, trust me, they don’t want to be thrown out in the political
    wilderness. Its the incumbents that have the greatest motivation to make things work, not the opposition. The opposition knows they will be able to basically do what they like for the first year. But the incumbents are going to be under terrific pressure to be seen to oppose bail outs. That doesn’t mean they will in practice, but if they know their political career is absolutely on the line, they will willing to actually do stuff. These are the people that the electorate needs to target, forget the opposition, they will as you say do nothing or something, they don’t care because initially they can blame the other guys and claim credit for any success.

    And with a motivated enormous, furious, activated lobby, you will see results. I am far from cynical about the power of the electorate if they choose to use it.
    I still believe in our democracies.

    Labour in the UK and the Republicans in the US. If we blindly throw these parties out, we will get ourselves into a bigger mess. Let your representative know
    personally in no uncertain terms that they are going to lose their seat if they don’t stop the bail outs — if that is what you want of course. Let the opposition know (especially the sitting candidates that they must stop the bailouts). This is democracy we can kick these people out, they really are afraid of us.

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  • planning4acrash says:

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