Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Is This What We Want? (Behind the scenes from Rep Gohmert-unbelievable!)
Human Events ^ | 29 September 2008 | Representative Louie Gohmert

Posted on 09/29/2008 3:17:03 AM PDT by SE Mom

On Friday, September 19, rank and file Republican members of Congress were notified of a conference call that would include Treasury Secretary Henry Paulson, and Fed Chairman Ben Bernanke. I would never disclose confidences, but it is quite public now that we were told an economic disaster was about to take this country that could be worse than the crash of 1929.

Now, that’s a real attention-getter. It sure got mine.

My years as a judge force me to demand factual evidence to support expert opinions. The factual evidence was then and is now less than satisfactory. Yes, credit was becoming a real problem. Yes, there were major banks in trouble, but those were investment bankers, not the bedrock community bankers who for the most part have done fairly well since the 1980's about having better security for their loans. (It is also public record that I did outside counsel work back in the 80's for both the FDIC and the RTC, so I was familiar with problems then, and telltale signs of problems now.)

It was clear to Secretary Paulson that something had to be done immediately so that we could pass it on Monday or Tuesday at the latest to inject $700 billion into the banking system. That would be done by having the federal government purchase mortgage backed securities from the ailing big-boy-banks.

...

I’ve not been in Washington all that long but one adage I’ve learned is that, “No matter how cynical you get, it is never enough to catch up.”

(Excerpt) Read more at humanevents.com ...


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Front Page News; News/Current Events
KEYWORDS: 110th; 200809; 20080919; bailout; gohmert; gop; paulson; rats; tammanyhall; teapotdome; wallstreet
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-103 next last
To: Virginia Ridgerunner

Change America needs: Dump the Pelosi Democrat Congress!!!


61 posted on 09/29/2008 6:44:34 AM PDT by WOSG (Change America needs: Dump the Pelosi Democrat Congress!!!)
[ Post Reply | Private Reply | To 57 | View Replies]

To: Bobalu

LOL!


62 posted on 09/29/2008 6:47:18 AM PDT by TADSLOS (Cure CINOism- Write in proven conservatives at all levels on the ballot)
[ Post Reply | Private Reply | To 2 | View Replies]

To: HollyB
Exactly how will the sold assets go to the tax payer?

What they say 'the taxpayer' they mean 'the Treasury'. In the mind of politicians, the two are interchangeable.

In reality any profits will go straight into the General Revenue fund and be spent. Neither you nor I will ever see a single dime.

L

63 posted on 09/29/2008 6:51:46 AM PDT by Lurker (She's not a lesbian, she doesn't whine, she doesn't hate her country, and she's not afraid of guns.)
[ Post Reply | Private Reply | To 48 | View Replies]

To: SE Mom
And there are some problems within the problem that no one seems to be discussing. For example, remember the public clamor over Bank of America doing commercials in Spanish and seeming to invite illegal aliens to come let them help give accounts or loans? Well, there are reportedly lots of illegal alien mortgages in the mix, but no one seems able to say quite how many.

Ah, yes, that "little Illegal Immigrant Problem" that no one in Congress, least of all McCain or Bush, wants to mention.

Also not mentioned- the fact that the 700 billion figure was made up from whole cloth in the Treasury Dept.

Yep, we're screwed. Again.

64 posted on 09/29/2008 6:53:31 AM PDT by TADSLOS (Cure CINOism- Write in proven conservatives at all levels on the ballot)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Arthur Wildfire! March

PLEASE- someone explain why they won’t suspend mark to market NOW?

http://www.freerepublic.com/focus/f-news/2093035/posts


65 posted on 09/29/2008 6:53:48 AM PDT by SE Mom (Proud mom of an Iraq war combat vet)
[ Post Reply | Private Reply | To 58 | View Replies]

To: SE Mom

I am proud to say that Louie Gohmert is our congressman here in Northeast Texas. A true conservative on all issues.


66 posted on 09/29/2008 6:54:08 AM PDT by crusty old prospector
[ Post Reply | Private Reply | To 1 | View Replies]

To: crusty old prospector
I have called his office in the past - about him staying in August. I e-mailed him this morning (and mentioned that I had read his article in 'Human Events'.)

We need more like him.

He had fund raiser here in 2004. I took my grandsons to see the two of them go by. There were protestors there. I was stunned to see that! (bilge like Bush lied people died, but no one died under the toon)

67 posted on 09/29/2008 7:05:13 AM PDT by mathluv (The Barracuda and the Maverick will take on the Messiah and the Mouth)
[ Post Reply | Private Reply | To 66 | View Replies]

To: Cboldt
McCain is in the group that is "reluctantly in agreement" with Paulson. So is Obama...the two are indistinguishable.

Without a doubt, it's a duopoly.

68 posted on 09/29/2008 7:13:15 AM PDT by EternalVigilance (Beware the Bear. And I don't mean the one on Wall Street...)
[ Post Reply | Private Reply | To 18 | View Replies]

To: ari-freedom

specifics?


69 posted on 09/29/2008 7:30:59 AM PDT by Scotswife
[ Post Reply | Private Reply | To 45 | View Replies]

To: raybbr

“The real question is: How to prevent the banking system from collapsing without using my money. “

It’s a good question, and I would like to think there would be an answer - but I’m afraid the most likely answer is there is not a way to do that.

Bankrupt companies don’t have money.
Collapsed banks don’t have money either.
And now it looks like the FDIC is running out of money too.

Who has money?
The list is getting smaller and smaller.


70 posted on 09/29/2008 7:34:18 AM PDT by Scotswife
[ Post Reply | Private Reply | To 52 | View Replies]

To: greyfoxx39

I heard Barney Farank complain this morning that the Dems might not get “political credit” for all their time this past weekend..

Well, BOO HOO to YOO TOO, Barney...

Nobody asks you to stay in DC...

PULEEEEEEEEEEEZZZZZZZZZZZZZZ

GO HOME...

and stay there...


71 posted on 09/29/2008 7:46:18 AM PDT by Tennessee Nana (McCain/Palin Now that's a ticket that deserves a tagline)
[ Post Reply | Private Reply | To 60 | View Replies]

To: SE Mom
This drama might be cynically called ...

SAVE THE NATION

72 posted on 09/29/2008 7:49:32 AM PDT by OldNavyVet (cynically)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SE Mom

Thanks for the ping on this article. Makes me feel a little better about McCain, although if he only says the right thing behind closed doors..what good has he done? The dems are winning the ‘spin’, because they drip lies from their lips with the ease of a broken faucet.....and then the MSM eagerly collects the lies in a basin and distributes it to the people!

I don’t think our Republic has ever been in more danger as right now.


73 posted on 09/29/2008 7:53:25 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
[ Post Reply | Private Reply | To 3 | View Replies]

To: penelopesire

Praying..


74 posted on 09/29/2008 7:56:02 AM PDT by SE Mom (Proud mom of an Iraq war combat vet)
[ Post Reply | Private Reply | To 73 | View Replies]

To: SE Mom

Thanks, for later read. I too became suspicious when I kept hearing “we have to pass this bill RIGHT NOW”, worst than 1929 crash”, etc.


75 posted on 09/29/2008 7:56:06 AM PDT by Mad_Tom_Rackham ("The land of the Free...Because of the Brave")
[ Post Reply | Private Reply | To 1 | View Replies]

To: WOSG

and then there was scott mcclellan...

It is why you can’t run the govt like a business. To run the country you need to have strong principles and make the case for them over the heads of the politicians, bureaucrats, special interests and the media and go straight to the people.
That’s what Reagan and Newt did and that’s why they were so successful even though reagan had to deal with Tipo and Newt had clinton to deal with.

W Bush is now not that much different from HW Bush or Ford.


76 posted on 09/29/2008 8:03:26 AM PDT by ari-freedom (Just let Sarah be Sarah!)
[ Post Reply | Private Reply | To 59 | View Replies]

To: KansasGirl

Way to go, John!!


77 posted on 09/29/2008 8:16:14 AM PDT by Norman Bates (Freepmail me to be part of the McCain List!)
[ Post Reply | Private Reply | To 55 | View Replies]

To: SE Mom

The liberals/dems will always win the pr war because they have most of the media in their hip pocket. Even Americans who are paying attention (especially those who haven’t really been up until now) are besieged by misinformation masking as certainty. And most of them don’t bother to go out and find out the truth. And so, they buy the liberal story. How can you possibly win a pr war in that environment?
susie


78 posted on 09/29/2008 8:21:13 AM PDT by brytlea (Obama--Keep the change!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: XR7

This is such a red herring. Lets go after the guys who actually drove companies into the ground (Stan O’Neill?). There is no possible way Fishman had an impact in that short amount of time. I keep wondering why he’s the poster boy instead of the much more deserving out there.


79 posted on 09/29/2008 8:25:24 AM PDT by brytlea (Obama--Keep the change!)
[ Post Reply | Private Reply | To 25 | View Replies]

To: mewzilla

No, that should read “The American People to Congress - screw you”!


80 posted on 09/29/2008 8:26:24 AM PDT by cblue55 (Palin is Reagan in high heels)
[ Post Reply | Private Reply | To 20 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-103 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson