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Who Drafted the Treasury Bailout Plan? - Vanity
none | September 27, 2008 | frithguild

Posted on 09/27/2008 9:26:16 AM PDT by frithguild

At its very foundation, every document has a drafter. Likewise, every document has a first draft. When was the first draft of the present Treasury Bailout Plan created? Some have said it has been in existence for more than a year.

Who is the grunt that actually wrote it? Did anyone from Goldman Sachs, Henry Paulsen's former firm, or any other Wall Street firm, render any advice about it?

Now look at campaign contributions to the Democrat Party by Wall Street. A campaign contribution is deemed under the law to be speech. What are they saying - something about getting $700 billion?

Hey wait a minute - I thought the Democrat Party was the party of the little guy?

What I am getting at is this - I think that proving the Treasury Bailout Plan has been in the works for more than a year is a devastating fact, if it can be proved. Would like astute Freeper assistance.


TOPICS: Business/Economy; Government; Your Opinion/Questions
KEYWORDS: 110th; bailout; barneyfrank; goldmansachs; paulsen; treasurt; treasury; wallstreet
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To: frithguild
I get that you think it's a conspiracy but knowing what I do about how markets work, I'm totally unconvinced. More than that, I'll bet you $5,000 that it didn't happen that way.

Market's don't work like that.

41 posted on 09/27/2008 11:37:39 AM PDT by tcostell (MOLON LABE - http://freenj.blogspot.com - RadioFree NJ)
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To: tcostell

I am not seeing a conspiracy here - just an opportunity to hoist them by their own petard.


42 posted on 09/27/2008 11:43:03 AM PDT by frithguild (Can I drill your head now?)
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To: Diogenesis

BUMPing your ping. Just damn...


43 posted on 09/27/2008 6:43:22 PM PDT by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
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To: Diogenesis

Thank you for the ping


44 posted on 09/27/2008 9:11:58 PM PDT by ConservativeMan55 (Obama is the Democrats guy. They bought the ticket, now they must take the ride.)
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To: frithguild; ScaniaBoy; Cooter; eyespysomething; B4Ranch; Alamo-Girl; Triple; MJY1288; potlatch; ...

Pinging the researchers— you know who you are!


45 posted on 09/28/2008 3:38:50 AM PDT by ovrtaxt ( One useless man is a shame, two is a law firm, and three or more is a Congress. --John Adams)
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To: frithguild; SE Mom

>>>>>the notes were passed to Obama via senior aides traveling with him, who had been emailed the document via a current Goldman Sachs employee and Wall Street fundraiser for the Obama campaign.

>>>Right - Obama owns the present plan, which is wildly unpopular, according to polling data. Paulsen’s staff drafted the bailout how long ago?

Tidbit add on.

http://dpc.senate.gov/dpc-new.cfm?doc_name=lb-110-2-35
S. 2636, the Foreclosure Prevention Act of 2008

endorsed S. 2636:

· AARP

· ACORN

· AFL-CIO

· Black Leadership Forum

· CDFI Coalition

· Center for Responsible Lending

· Consumer Action

· Consumer Federation of America

· Lawyers Committee for Civil Rights Under Law

· Leadership Conference on Civil Rights

· National Association for the Advancement of Colored People (NAACP)

· National Association of Consumer Advocates

· National Association of Consumer Bankruptcy Attorneys

· National Consumer Law Center (on behalf of its low-income clients)

· National Council of LaRaza

· National Neighborworks Association

· Opportunity Finance Network

· Service Employees International Union

· United Auto Workers

· U.S. Conference of Mayors


Many aspects of that bill are all ready implemented in NJ despite the fact that it is not signed into law. Grants to buy short sales have been being used.

ACORN is promoting the Foreclosure Prevention Act as an option on all of their chain sites.

The Obama’s are still involved with ACORN. ACORN is national and also has locations in Mexico and South America. ICE has a large number of areas that are currently on board with the affordable housing identified as gateway communities with Mexican and South American illegal aliens.

Yes this is related, many of these homes they (illegals) rent/or are housed at now were bought with ARMs loans.


46 posted on 09/28/2008 4:01:22 AM PDT by Calpernia (Hunters Rangers - Raising the Bar of Integrity http://www.barofintegrity.us)
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To: ovrtaxt

Thanx for the ping - bump


47 posted on 09/28/2008 4:02:40 AM PDT by WorkerbeeCitizen (An inadequately policed Conservative)
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To: frithguild

I think of all the interesting players, Goldman Sachs is the one that has the access to all phases to have inside knowledge. Even the Secretary of Treasury is former Sachs.


48 posted on 09/28/2008 4:06:07 AM PDT by Calpernia (Hunters Rangers - Raising the Bar of Integrity http://www.barofintegrity.us)
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To: Calpernia

I wish people would understand this whole housing/finance fiasco is part of Obama’s vision for reparations. If you saw him when he was asked about reparations at a diversity conference earlier this year, he said he was in favor of reparations being accomplished through general policy, rather than in a form narrowly defined as such.

He used education as an example of where they could accomplish that, but this whole housing approach of forcing banks to give mortgages to minorities and illegal aliens without qualification, then to disallow foreclosure and force mortgages to be rewritten, deadbeat homeowners to be bailed out, etc.., creates a massive, massive ‘housing redistribution’, if you will.


49 posted on 09/28/2008 4:08:29 AM PDT by 9YearLurker
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To: Calpernia

This bill is just like the big immigration bill pushed last year: out of control and dangerous because of the coalition between the Marxist rabbler rousers looking to overturn our balance of democratic votes and those corporate interests who also stand to gain.


50 posted on 09/28/2008 4:11:05 AM PDT by 9YearLurker
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To: frithguild

A flashback of previous market control:

http://blog.newyorkcitycommunity.us/2008/09/20/jon-corzine-and-hot-air—perfect-together.aspx

Excerpt:

The bubble of high-priced technology stocks began to burst in March 2000. In August 2000, the SEC issued a warning against aftermarket sales, also known as “laddering.” “I’ve never even heard the term ‘laddering’ before,” Corzine said.

However, Nicholas Maier of Cramer & Co. said it happened on Corzine’s watch. “For Corzine not to know of a common practice being utilized to generate and manipulate stock prices would be surprising,” Mr. Maier said. “He was obviously there during this time. I definitively saw his company engaged in illegal activity. They (the SEC) expressed to me that laddering is a trickier thing [to prove],” Maier said. “I will say it. They did it. They laddered. Whether the SEC can construct a case is a different story.”


All roads keep leading back to Goldman Sachs.


51 posted on 09/28/2008 4:13:37 AM PDT by Calpernia (Hunters Rangers - Raising the Bar of Integrity http://www.barofintegrity.us)
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To: 9YearLurker

Absolutely. The affordable housing is directly linked to phantom votes in elections. Heck, in NJ phantom voters are even on the payroll. They are used as bundlers and fill ins for desired results in polls.


52 posted on 09/28/2008 4:15:30 AM PDT by Calpernia (Hunters Rangers - Raising the Bar of Integrity http://www.barofintegrity.us)
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To: ovrtaxt

Follow the money, sonny. Simple as that. 20% of 700 billion to ACORN. That’s a huge chunk of change to a voter fraud factory.


53 posted on 09/28/2008 4:20:32 AM PDT by Arthur Wildfire! March (Fannie + Freddie = Democrat Cronies [Dodd and Obama -- the LegisLOOTers])
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To: ex-Texan

You have been following this closer than most people for years. Do you have any insight for Frithguild as to the source of the drafter?


54 posted on 09/28/2008 4:43:23 AM PDT by Calpernia (Hunters Rangers - Raising the Bar of Integrity http://www.barofintegrity.us)
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To: Diogenesis
Fox is at this very moment giving a report condemning the agreement.

The report speaks strongly against it. Your post wrongly includes Fox with the bad guys.

55 posted on 09/28/2008 4:51:21 AM PDT by bert (K.E. N.P. +12 . Conservation? Let the NE Yankees freeze.... in the dark)
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To: ovrtaxt; Arthur Wildfire! March

And the endorses of the Foreclosure Prevention Act are right at post 46. They want Amnesty. They want open borders. They want sanctuary communities. They want affordable housing. ACORN brings the votes to the table. And they have monies invested in both current candidates.


56 posted on 09/28/2008 4:53:26 AM PDT by Calpernia (Hunters Rangers - Raising the Bar of Integrity http://www.barofintegrity.us)
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To: Diogenesis
Besides the bail out issue, you have defined two other issues that desparately need addressing. 1) What went wrong from a fiscal standpoint? 2)Was there corruption in the system?

Bad legislation needs to fixed. Corruptors need to be skewered.

57 posted on 09/28/2008 5:43:47 AM PDT by mlocher (USA is a sovereign state.)
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To: hedgetrimmer; All

I hate to burst your bubble,

Congress is NOT going to investage this, there are WWWWAAAAYYY to many of their frinds involved in this, right up to their eyeballs!

And once again the American taxpayer takes it in the shorts. It was things like this that started the Civil War, [BTW, I do think that another one is on it’s way, and we need to get ready or we are going to taken over by the dark forces of the un, just to stablize us & teach us a lesson]


58 posted on 09/28/2008 6:48:41 AM PDT by TMSuchman (If you strike me down, I'll just become more powerful than you'll ever imagine!)
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To: ovrtaxt; PhilDragoo; devolve; y'all

I dunno, but ...

Negotiators need to settle final details of rescue
http://hosted.ap.org/dynamic/stories/F/FINANCIAL_MELTDOWN?SITE=TXDAM&TEMPLATE=HOME.html&SECTION=HOME

There is the latest and (not so) greatest on this “bailout” ...

From the AP (Ad nauseum Propaganda)


59 posted on 09/28/2008 7:20:44 AM PDT by MeekOneGOP (Obama, WHO is Bill Ayers and WHY are you still friends with him? Please RSVP asap!)
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To: frithguild

“They have known about this since .” - the foreclosures on the liar loans started collapsing. What’s that, almost three years now?


60 posted on 09/28/2008 7:52:29 AM PDT by B4Ranch (I'd rather have a VP that can gut a Moose, than a President that wants to gut our Second Amendment!)
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