Disqus - Latest Comments for TheEd

Re: You, me and the guy next door have a stake in Wall Street

TheEd — Thu, 02 Oct 2008 18:03:22 -0000

THANK CONGRESS AND THE CHENEY/BUSH ADMINISTRATION FOR THE ROYAL REAMING OF THE AMERICAN MIDDLE CLASS THAT ALLOWED WALL STREET, POLITICIANS AND THE ELITE UNGODLY AMOUNTS OF COMPENSATIONS WHILE PEOPLE’S RETIREMENT FUNDS ARE GOING DOWN THE TOLIET.
To date, nearly 1 Trillion dollars on bailing out AIG, Fannie/Freddie, Bear Stearns, WAMU, and other Institutions. Did this improve in the economy? These bailouts only accelerated the economic downturn. Now Congress wants to fix the economy by throwing a $850 billion SELLOUT BILL at the problem, but it will only accelerate the CRASH and compound the SEVERITY of the MELTDOWN.
Add the sweetener that is comprised of tax cuts and so call benefits for the American middle class and small businesses. It is a major smokescreen to fool taxpayers while benefiting Wall Street thieves and their henchmen who will actually walk away with the MONEY. What this SELLOUT BILL needs is a small addition which allows shareholders to file suit against the Boards and Management of these companies for their lies and mismanagement. Congress in the past has removed this right for the middle class give it back to the taxpayer.
Plus this SELLOUT BILL still allows PAULSON AND BERNANKE almost unlimited power to buy what could be worthless assets. How can PAULSON AND BERNANKE be trusted when they will not provide any information related to the previous Bears Stearns Bailouts. See the news article at http://abcnews.go.com/Blotter/story?id=5930875&...

Re: Udall, Pearce voted against bailout; Wilson supported it

TheEd — Mon, 29 Sep 2008 17:25:45 -0000

Voters, the first step is to get rid of members of Congress that voted for the Bailout. Work out, Buy in, or Bailout it is still a pig with lipstick. Congratulations to Pearce and Udall for protecting the taxpayer and not the corporation.

This Bailout follows a pattern where the shareholders are wiped out while the debt holders (filthy rich) are protected. Now Investors have caught on and are betting on future bailouts by selling stock and buying bonds in the struggling firms. Which exacerbate these Institutions troubles. But again this only screws the taxpayer while the rich, including Congress, get richer.

Re: N.M. congressional candidates sound off on big bad bailout

TheEd — Fri, 26 Sep 2008 16:44:41 -0000

To continue push for a BAILOUT only show how Congress has lost touch with reality. Forget the DC economist/experts/lobbist who only see the side of Wall Street Executives. Most of them are or were former Wall Street Executives. Let the Free Market correct it's self. Plus all the prior attempts to avoid or fix the meltdown to date has totaled almost 900 billion (AIG 85B, Fannie/Freddie 200B, FHA 300B, JPMorgan 120B, etc.) and still the market has not corrected. So now Bush and Congress want to add another 700 billion for the Bailout. Remember the subprime mortgages are only the tip of the iceberg of the so call "at risk assets". The CRASH WILL OCCUR REGARDLESS. Better to give the taxpayers the 700 Billion so that we can prepare for the CRASH.

Re: We’re crashing: Can we figure out a way to land safely?

TheEd — Fri, 26 Sep 2008 16:26:37 -0000

Let the Free Market correct it's self. Plus all the prior attempts to avoid or fix the meltdown to date has totaled almost 900 billion (AIG 85B, Fannie/Freddie 200B, FHA 300B, JPMorgan 120B, etc.) and still the market has not corrected. So now Bush and Congress want to add another 700 billion for the Bailout. Remember the subprime mortgages are only the tip of the iceberg of the so call "at risk assets". The CRASH WILL OCCUR REGARDLESS. Better to give the taxpayers the 700 Billion so that we can prepare for the CRASH.

Re: Pearce among those keeping Washington from approving bailout

TheEd — Fri, 26 Sep 2008 16:15:24 -0000

When the vast majority of American Taxpayers are saying NO to this Bailout it appears that only Pearce has heard. Let the Free Market correct it's self. Plus all the prior attempts to fixes the meltdown to date has totaled almost 900 billion and still has not worked. So now add another 700 billion for the Bailout. NO should be NO.