Karl Marx' birthday?
Barack Obama and the Strategy of Manufactured Crisis
Whether by Fabianist incrementalism, or by catastrophe and revolution, the Socialists win by their strategy -- unless we expose them.
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Posted on 09/28/2008 3:26:11 PM PDT by goldstategop
The House website is down.
I’ve uploaded the most recent bailout draft bill right here:
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
The House website is down? I’m glad so many Americans are paying attention.
If McCain is voting for this, it’s over. I am voting Bob Barr.
Alot of people I know who were voting for him are discouraged now from his acceptance of the bailout.. When a Republican acts like a Democrat Light...
He is no Ronald Reagan.
She really does a great job getting the word out in a lot of ways.
You mean LEFTIST bailout bill.
What is so special about thecutoff date they chose of March 14, 2008? Is that when Goldman Sachs quit issuing subprime loans?
What a steaming pantload that is.
The government can’t run a website but they want to run everything else!
Somebody post the damn thing here please.
I don’t think that is the full text of the bill, it’s just an analysis.
“What is so special about thecutoff date they chose of March 14, 2008?”
Yes, very curious.
And the worst thing about the bill, look and the second part of the definition of distressed assets. In short, it’s not just mortgages, but ANYTHING.
Even Carbon Credit derivatives.
It’s the worst thing...but I’ve only read so far.
Apparently Paulson has to send a letter notifiying Congress he is buying carbon derivatives, car loans, what have you, but that’s another “so what?” Not a protection at all.
Karl Marx' birthday?
Barack Obama and the Strategy of Manufactured Crisis
Whether by Fabianist incrementalism, or by catastrophe and revolution, the Socialists win by their strategy -- unless we expose them.
Is the provision that provides 20% of revenues for groups like Acorn still included?
Sorry, I missed the link -
http://michellemalkin.com/wp/wp-content/uploads/2008/09/ayo08c04_xml.pdf
Initial impression - the word “Magnet” is not in this draft.
1 (1) IN GENERAL.—To the extent that the Federal property manager holds, owns, or controls mort
3 gages, mortgage backed securities, and other assets
4 secured by residential real estate, including multi5 family housing, the Federal property manager shall
6 implement a plan that seeks to maximize assistance
7 for homeowners and use its authority to encourage ,p>8 the servicers of the underlying mortgages, and con9 sidering net present value to the taxpayer, to take
10 advantage of the HOPE for Homeowners Program
11 under section 257 of the National Housing Act or
12 other available programs to minimize foreclosures.
13 (2) MODIFICATIONS.—In the case of a residen14 tial mortgage loan, modifications made under para15 graph (1) may include—
16 (A) reduction in interest rates;
17 (B) reduction of loan principal; and
18 (C) other similar modifications
damaged and can not be repaired.
I am not seeing any mention of ACORN or the Housing Trust Fund or any percentage being diverted from profits of asset sales going into the treasury.
Wonder if the Republicans aren’t even going to address this nonsense.
After Pelosi’s “non-partisian” opening comments, I’d say screw the DEMS, let the chips fall where they may!
My Sunday was made when the KC Chiefs won, but the Pelosi love feast put a damper on my good cheer.
If you don’t vote for McCain then just don’t complain at all the evil that will be accomplished under an Obama administration.
It is the full text.
(d) TRANSFER TO TREASURY.—Revenues of, and proceeds from the sale of troubled assets purchased under this Act, or from the sale, exercise, or surrender of war- rants or senior debt instruments acquired under section 113 shall be paid into the general fund of the Treasury for reduction of the public debt.
That's better.
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