Posted on 10/06/2008 12:01:03 PM PDT by foutsc
Americans may be unhappy with the Wall Street bailout, but it has given encouragement to a beleaguered Al Qaida.
"The enemies of Islam are facing a crushing defeat, which is beginning to manifest itself in the expanding crisis their economy is experiencing," said a stinking, 7th century misogynist Al Qaida spokesturd...One of Bin Laden's stated goals was to bring financial ruin to the United States. The wackadoos who think 9/11 was an inside job should drop that nonsense and focus on the financial headlines instead. Osama himself couldn't have planned it any better.
This failure was an inside job, but the evidence clearly indicates that the perpetrators were ignorant dupes.
And the worst part of it all? The damage was virtually 100% self-inflicted.
There are those who “stood in the gate” preventing any practical steps to avert the current situation, several of which were offered as long ago as 2003. But Chuck Schumer, Barney Frank, Chris Dodd, and no less than Barack Obama assured us that everything was “just fine”, but then they were recipients of a tremendous lot of direct cash support for their campaigns from the Freddie Mac/Fannie Mae GSE community. Some of these same gentlemen were also the direct recipients of “favorable” home loans through Countrywide Mortgage, one of the failed mortgage brokers that gained a favorable assist from these same gentlemen.
Now if that does not speak of “corruption” in the classical sense, I do not know what does. But deviancy has been defined down repeatedly over recent years, so maybe this ranks up there with being excused from any moral turpitude because of the definition of “is”. Perhaps “corruption” no longer exists. Certainly a sense of shame no longer exists, or these individuals would have resigned and gone into exile.
Hey Paulson!!! How’d that Bailout thingee go?
Have another martini and see which of your pals to bail out next.
Really. We don’t mind. What’s another 10% market of capital? A few tens of trillions? No biggee.
Go for it. Who could possibly second guess your genius!
It’s only corruption if Republicans are involved.
I wonder if Bin Laden thinks of Barney Frank as his best friend...did more damage than Bin Laden.
The Fed just printed another 900 billion?
THIS is the REVOLUTION BEFORE MORNING that Andrew Jackson foretold.......
.....“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves..I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a ************* revolution before morning.*************”
—Andrew Jackson
STOP THE BAILOUTS OR WE WILL STOP THE GOVERNMENT!
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning”.
—Henry Ford
WE THE PEOPLE UNDERSTAND
WE THE PEOPLE yelled at Congress, 80 percent of US said NO. Congress said we were ignorant, added one hundred and fifty billion MORE, gave US the finger, and then laughed all the way to their banks.
WHO IS LAUGHING NOW? We are taking OUR MONEY BACK!!!
A REVOLUTION BEFORE MORNING is in progress.
Congress didn’t listen to 80 percent of its people last week, maybe they will listen THIS week. When America starts this run on Banks and Stocks, it will be electronically and will hit a million times faster than the Depression.
But they will still need to line up at the Banks to get their money.
This will teach a lesson to many, hopefully those in Congress will follow Pence and his allies. Pence needs to lead the way NOW.
There must be a statement that there will be NO MORE monetary bailouts
OR
there will be MORE CONTINUED RUNS.
“Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.”
He called the U.S. government’s $700 billion bailout plan, which includes raising the insured rate on bank deposits from $100,000 to $250,000, as a “good one,” assuring bank depositors: “Your money is safe.”
But he warned that the same may not be true for stock market investors.
“I don’t care where stocks have been, I care where they’re going, and I don’t want people to get hurt in the market,” Cramer told Curry. “I’m worried about unemployment, I’m worried about purchases that you may need. I can’t have you at risk in the stock market.”
“I think the previous quarter, the one we’re now hearing from, was a terrible quarter — but it will look good versus the coming quarter,” Cramer warned.
-JIM KRAMER
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