[ovrtaxt]

The potential therefore certainly exists for the financing of these deficits to be inflationary in the medium term and cause further weakness, possibly severe, in the dollar.

Hmmm, ya think?

[combat_boots]

Does the ‘bailout’ passage now return practices to normal, i.e., banks continue on lending to people who can’t afford the loans or selling bad paper to others?

How is this situation appropriate in any way?

[VRWC For Truth]

1) Gov’t was and is the problem not the markets
2) The GOP will be on life support after November for abandoning market principles.

[Malesherbes]

It has become a minor cliche that B.O. is running for Jimmy Carter’s “second term,” but having lived through Carter’s first term I know exactly what that means. Stagflation.

In fact it will probably be worse than that. Seventy percent of our economy depends on consumption (”consumerism.”) Much of that has been financed by debt, and the debt has just about been maxed out. We just may be facing a depression. So how will B.O. handle that?

[Afronaut]

"But after the markets tumbled 7 percent in an hour's trading in the after math of the vote it seems likely a modified version will pass the Congress shortly."

All the proof that you need that the Congress does not understand the markets. This bailout will not improve the downturn in American business. These clowns thought that signing the bill would rally the market into a new high?

How did that work out for them?

[syriacus]

But after the markets tumbled 7 percent in an hour's trading in the after math of the vote it seems likely a modified version will pass the Congress shortly.

Is this a fact?

Someone pointed out that almost half of the drop on that day came before the vote.

I'm not sure who is right.

[Travis McGee]

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

---Ludwig Von Mises

“Several brokerage houses tumbled; blue-sky investment companies formed during the happy bull market days went to smash, disclosing miserable tales of rascality; over a thousand banks caved in during 1930, as a result of marking down both of real estate and of securities; and in December occurred the largest bank failure in American financial history, the fall of the ill-named Bank of the United States in New York.”

~~"Only Yesterday: An Informal History of the 1920’s" by Fredrick Lewis Allen

“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.”

~~President Andrew Jackson

[TomasUSMC]

If America does not Revolt, if it does not Fight Back, there will be dozens of “Bailouts” coming rapid fire like a machinegun. They will have different names, and be accompanied with promises and guarantees...but they will all be TAKING YOUR MONEY.

TAKING YOUR MONEY with hidden taxes, new taxes, inflation, a weaker dollar.

- “what country can preserve it’s liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance?.....
....If the American people ever allow private banks to control the issue of their currency, the banks and the corporations that will grow around them will deprive the people of all their property, first by inflation and then by deflation, until their children wake up homeless on the continent their fathers conquered.” Thomas Jefferson

“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

RUN ON THE BANKS AND STOCKS.

TAKE YOUR MONEY BEFORE IT IS STOLEN. Make the Stock Market and all its fat cats CLOSE. Make the President declare a Bank Holiday.

THIS is the ONLY way we can be heard and represented. Otherwise the Banks will continue to scare our spineless Congress into more and more and more bailouts of Bullsheet.

CONGRESS MUST FEAR US MORE THAN THEM.

[supercat]

I wonder if any foreign countries would like to extradite any of the crooks?

I wonder if we should let them?