Dennis fights another sham

The disgusting state of our nation is typified by the whole bailout 'plan'. Give the guys who screwed us with deregulation and corruption a trillion dollars of our money for 'the redistribution of wealth' - again upwards.

Our great hope is to use this 'wave election' to get rid of replubocrats and minimize corporate influence so we can get serious about tranformation in government, commerce and community. That means being very active in 'offering guidance' to the new president and congress. If they choose the status quo, our 'guidance' must be very loud, with demostrations, work stoppages, impeachment and any other means we can muster to create a new, ecological and healthy culture.

"The time is Now. The answer is Love." 

by Jim Prues (15 articles, 33 quicklinks, 10 diaries, 77 comments) on Tuesday, October 28, 2008 at 10:57:34 AM
 

The horse is out of the Barn

Thank you for your belated efforts on our behalf.  Unfortunately, the provisions for Executive Compensation dissappeared in the original bailout legislation, at the last minute, before being signed into law.  i think i'm gonna be sick...  We bailed out Wall Street, on a bookie operation gone bad, which they greatly & exclusively benefitted from, whilst I lost money during this entire period... and now I am left with this RADIOACTIVE BAG

by kato krause (2 articles, 0 quicklinks, 3 diaries, 199 comments) on Tuesday, October 28, 2008 at 1:45:34 PM
 

Audit them

How about massive SEC, IRS and Treasury audits of the portfolios that made up the derivatives, whether CDOs and CDSs or investment mutations?

by Matoska (17 articles, 1 quicklinks, 1 diaries, 32 comments) on Tuesday, October 28, 2008 at 4:58:19 PM
 

Company Parties

How about also looking into the hundreds of thousands of dollars spent by AIG (and possibly others) on luxury company parties. This is a real slap in the face.

One of many problems with the bailout ripoff is that the companies benefitting are not even required to use the money for lending. The whole idea was to create some liquidity so banks could begin lending again.

They're not going to lend that money. Aside from parties and bonuses, they are going to use it to invest, to try to make more money for themselves. The last thing they will do is lend that money out.

Americans need to wake up to the grand theft that has taken place in this country. This paltry bailout is just a small piece of it. The Iraq war theft alone has just about bled us white.

Unless the goal of the corporatists was to destroy the U.S. economy (and that's possible), they have essentially killed the goose that laid the golden egg. The middle class goose is dying. Where are the corporatists going to continue to get their golden eggs?

by Bob Trowbridge (1 articles, 0 quicklinks, 1 diaries, 60 comments) on Tuesday, October 28, 2008 at 5:10:16 PM
 

Kucinich is doing what he can ...

 ... look, at the moment DK may be among a half-dozen, give or take, senior reps we have that isn't right-of center, he lost the main issue and is now trying to attack this so at least the money isn't blatantly stolen at worst, or spent wisely at best.

If this investigation opens the doors to other corruptions, as it surely will, there's a chance public disgust will force a reversal, or at least get some over-sight.

It depends on how much new blood comes in that's leaning more to DK than BO's far-right of center views if we can start getting any serious investigations.

And I would bet good money, BO will never allow an investigation into 9/11 - and that's money I would like to lose.

by Mr M (4 articles, 0 quicklinks, 51 diaries, 2028 comments) on Tuesday, October 28, 2008 at 6:47:30 PM
 

Thank God for Kucinich

It's worth repeating. Thank God for Kucinich. (And a handful, a mere handful, of other democrats.)

by Nick van Nes (0 articles, 0 quicklinks, 0 diaries, 285 comments) on Tuesday, October 28, 2008 at 6:56:27 PM
 

DK

He is a bone for the dogs,and helps provide an illusion of democracy and free speech.  He is allowed to do what he does so long as he is not effective.  Since the MSM provide little coverage in trying to expose the conspiracy and the corruption it brings, he can not be effective.  Not to minimize what DK does, but he surely knows the extent of the treason being perpetuated against the American people, and there is nothing he or anyone can do about it.  At least he does what he can.

Also, these guys are permitted to provide dividends to their shareholders.  If you can pay out a dividend, that means you made a profit.  Hardly needing a bail out after the billions made in the bubble years.

Paulson headed the CPRMG  - Counterpary Risk Management Group, which wrote a 2005 report presciently warning of the dangers of collateralized debt obligations. This same group met in 1999, right before the dot.com bubble burst.  Me thinks they meet to discuss how to pop the bubbles they made and escape with a bundle.  Thats called conspiracy and collusion.  This is what should be investigated.  Spitzer would be all over this, but they got rid of him, didn't they.

by pft (0 articles, 0 quicklinks, 0 diaries, 576 comments) on Wednesday, October 29, 2008 at 3:31:36 AM
 

Prophecy

This from Greenspan last spring:

"'What I have to forecast is that something will happen which is unexpected, which will knock us down.... The odds of that happening, I think, are rising, because we are getting in vulnerable areas.' Greenspan added: 'What I point out is that we're in a turning phase, and that the extraordinary improvements that have occurred in the world economy in the last 15 years are transitory, and they're about to change ... So, I think this whole process will begin to reverse.'' 

by pft (0 articles, 0 quicklinks, 0 diaries, 576 comments) on Wednesday, October 29, 2008 at 3:35:56 AM
 

I am waiting for my check !

In light of these problems I faxed an invoice to Congress for $100,000.  I feel that I should be able to get some of that $700 Billion myself as a business owner in need of my own bail out.  Why not?  Is my future less important than the CEO's of Wall Street?

by Paul Kruger (33 articles, 1 quicklinks, 6 diaries, 288 comments) on Wednesday, October 29, 2008 at 12:30:10 PM