Any thoughts?????????????
The bailout is the new global warming (now called climate change) SCAM..
Prey on people fears. Rush something through.... Total BS
I smell stink but I can’t put my finger on it and no one will confirm. Pundits say you can’t coordinate a conspiracy this big without it leaking. I’m thinking, “You wanna bet?” I’m not a tin foil hatter either and am usually the last to assume conspiracy...well, one of the last anyway. LOL
All I know is...there are no coincidences...especially 40 days before election.
If someone can source it and back it up, I would really like to know I’m right about this.
Yes. Disincorporate Goldman Sachs. Since the American people grant them their corporate status, we can dissolve it.
We can do this. We can also jail the criminal conspirators too.
Bush should FIRE Paulson immediately. He’s disloyal for giving Obama a heads-up on House Republican plans for WH meeting on matters that should have been confidential. This was to give OB a boost.
Second, scrap the Paulson Plan. Nobody outside Wall Street wants it because it gives too much power and $$ to government and pushes the economy too far down the road to Socialism from which we might never recover.
Third, we need a new plan.
Put government resources into selling insurance against mortgage default to those holding mortgages. Homogenize the MBS asap and as much as possible, so a new GNMA futures contract can be revived at CME/CBOT to liquify this paper. Then we’ll know what it’s worth and it can trade on its own.
Then encourage the CME/CBOT to offer a default swap contract on this same paper so the market can price the insurance separately. Then the government can extricate itself from the whole mess and let the private market take care of price discovery and risk transfer.
Financial institutions that are under-capitalized can then deal with their problems via the FDIC, which is the normal mechanism for this. This is a separate problem that needs to be dealt with separately and not confused with illiquidity, or their will be a major FRAUD perpetrated on the taxpaying public.
Bush should FIRE Paulson immediately. He’s disloyal for giving Obama a heads-up on House Republican plans for WH meeting on matters that should have been confidential. This was to give OB a boost.
Second, scrap the Paulson Plan. Nobody outside Wall Street wants it because it gives too much power and $$ to government and pushes the economy too far down the road to Socialism from which we might never recover.
Third, we need a new plan.
Put government resources into selling insurance against mortgage default to those holding mortgages. Homogenize the MBS asap and as much as possible, so a new GNMA futures contract can be revived at CME/CBOT to liquify this paper. Then we’ll know what it’s worth and it can trade on its own.
Then encourage the CME/CBOT to offer a default swap contract on this same paper so the market can price the insurance separately. Then the government can extricate itself from the whole mess and let the private market take care of price discovery and risk transfer.
Financial institutions that are under-capitalized can then deal with their problems via the FDIC, which is the normal mechanism for this. This is a separate problem that needs to be dealt with separately and not confused with illiquidity, or their will be a major FRAUD perpetrated on the taxpaying public.