Posted on 09/29/2008 4:32:53 AM PDT by CE2949BB
President Bush will speak in a few minutes. Get to a TV and watch it, if you have the stomach for it.
How old are you anyway????
Perhaps in his mind, he is.
Your repeated question clouds my post.
I was wondering, with a question mark, if this was a Tokyo Rose moment when Bush went on the air this morning. But upon reflection, I answered my own question. Bush is caught up in panic.
Yes. Thank you.
I think he knows exactly what he’s doing, and having a martyr complex isn’t part of the mix..
“I think truth is going to break out this week”
What truth is that?
I just wanted you to confirm that you were labeling our President as a traitor.
Who’s the slanderer, Mr. Proverbs?
I think it’s safe to ask if someone supporting a 700 billion dollar bailout is being a traitor. At least I posed it as a question and concluded otherwise. You, on the other hand, are just as reckless as the creeps who called the Minutemen vigilantees.
I think the new media can mobilize and expose all manner of truths this week. And they will. Malkin’s working hard right now.
I don’t blame you. President Bush can make a person dizzy trying to figure him out.
It happened to me with a Fireball when I was eight years old. It was very scary and my parents were scared.
I never ate another Fireball again.
Can you explain why you personally object to the ‘bailout’.
And since you got my danger up, I have more to say.
We’re hearing a lot of wild talk. It appears that at least half of the people who support this bailout ARE traitors. 20% to ARORN — that’s a traitor. I’ll give Bush the bnefit of the doubt regarding ACORN. But what else is in this sleezy bill?
What’s to LIKE about the bailout?
Fannie and Freddie packaged the mortgages in three tranches (packages), according to risk. The riskiest loans paid the highest returns, while the more credible packages earned less.
The notion that nobody knows what the mortgages are worth is inaccurate.
The uncertainty comes from the secondary risk management market. When a company bought into one of the tranches, they, or a third party, purchased insurance on those packages in case they failed. Insurance in the form of...simply put...a derivative investment that goes up when defaults make the original package value go down.
The real problem here has not been addressed. The mortgages are pretty much a known value, though it is true that the supposedly safe mortgage packages have experienced a higher than expected failure rate.
The problem is that any loan or investment gets pyramided over and over to ten or more times its known value.
If I pay another company for a derivative based insurance on my risk, say an even million, they then accept my million and loan out perhaps 10 million of it to other banks. They only have to hold a small part of their loans in actual cash.
Each of ten other banks, then accepts a million each, and they then loan out another ten million each. My risk management insurance megabuck, then, turns into a hundred million of successive derivatives, until the entire original million is tied up in the amounts each bank must hold in reserve.
These derivative pyramids are at the root of the mortgage backed uncertainty, and if you’ll notice, this wonderful bailout plan does not even mention regulation of reserve requirements, or how many times the same dollar can be loaned out in the pyramid scheme.
Bottom line, I thik this bailout will work in the short term. People still want to believe, and people know they lose big if they dump stocks or pull IRAs and 401s.
I’m actually prepping to get back into the markets for one or two more rounds. Why not?
Important to note, however, I’m only hetting back in halfway, and only if certain things happen to indicate a recovery.
The other half is going liquid and into investments that hold value even during hard times. I’m looking for REAL value, investments that will meet my basic needs even if the markets collapse entirely. Precious metals, obviously, T-bills, not T-bonds, short term only, real estate I can grow food on, etc.
You can’t borrow your way to prosperity or out of debt. Counterfeitters who print money they haven’t earned, don’t last mong either.
This little scare sets the stage, but like I said most still want to believe everything is ok. Next round of failures is very likely to be fatal.
Well, he meant repaid to ACORN. ;(
I still can't believe that. $140,000,000,000 to the con-artists at ACORN.
If nothing else, that shows me just what a con-job this whole deal is.
When conservative legislators oppose something, that’s a warning bell.
To be specific: here are some things I object regarding the bailout: no chance for amendments, misuse of government money, no accountability for Dodd and Obama— not even a censure— and an information brownout on the bill with the fallen web page.
“Bush CLAIMS that most if not all of the tax dollars will be repaid. Yeah, right.... tell me another BIG ONE!”
I was wondering about this as well. If he is so confident that these debts will be repaid, why does the private sector banks/finance institutions have such low confidence that they are defaulting?
Seems to me the private sector is a better judge of these loans than the government.
The problem is now the financial institutions and the government are one in the same.
Welcome to Fascism.
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