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To: counterpunch
You think there is something tangible like bricks and mortar under all of this new debt?

LOL!

This is beyond mortgages

You are underwriting “derivatives” and no one even knows who owns them or how much is owed ... worldwide

some figures suggested have been in the hundreds of TRILLIONS of dollars of worldwide debt

Paulsen reportedly (interviews last night on Cavuto) pulled the figure of $700 BILLION out of his rear end. All he knew was he needed “a lot” of money

Our government (formerly of the people, by the people, and for the people) is tonight committing the full faith of our country (against the expressed will of the people) to throw $700 BILLION into a financial black hole that no one really understands or knows how to stop

That is why Bush has tears in his eyes

God Help America. I think Uncle Screwtape is chuckling at Uncle Sam somewhere

17 posted on 10/01/2008 2:29:54 PM PDT by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: silverleaf
Paulsen reportedly (interviews last night on Cavuto) pulled the figure of $700 BILLION out of his rear end.

That's one deep rear end!

20 posted on 10/01/2008 2:36:23 PM PDT by uncommonsense
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To: silverleaf
Our government (formerly of the people, by the people, and for the people) is tonight committing the full faith of our country (against the expressed will of the people) to throw $700 BILLION into a financial black hole that no one really understands or knows how to stop

Or how much more will eventually, sooner rather than later, be thrown in after it.

24 posted on 10/01/2008 2:55:28 PM PDT by El Gato ("The Second Amendment is the RESET button of the United States Constitution." -- Doug McKay)
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