the problem is the dimocrats are useless rubber stamping imbeciles. The only thing they know is raising taxes to hand out to the lowest life-forms. Illiterate professional welfare collectors. republicans have been assimilated by the illiterate right-wing neo-communist borg. These imbeciles only care about issues pertaining to god,gays and guns. The new issue being flashing a light up womens vaginas. so now you have insufferable illiterate imbeciles on both sides of the isle. The lowest of the low, illiterate life-forms on each side dictating the nations policy. This massive welfare program should be renamed the Goldman Sachs Welfare Package. LEH was allowed to fail, yet AIG was bailout out because GS has a 20 Billion counter-party exposure to AIG's toxic waste. SEC comes out and bans short selling when GS stock plummets 10% below $100.00 When MS is at the brink of financial ruin, exposing the fact that much of this toxic garbage is worthless, Paulson along with Bush & Co. pull this 700 Billion fix out of their arse. Now, since the govt. can't very well blatantly bail the greedy imbeciles at GS; Bush and Co. have to masquerade the package as a bailout of the entire system. The only saving grace for the american taxpayer is if fiscal conservatives rise up and piss all over this colossal thievery aka Goldman Sachs Welfare Package. Let the S.O.B's collapse into oblivion. It's been 2 weeks since Bush & Co. predicted financial armageddon if the welfare package wasn't passed in 2 days. Has the world ended? NO. Clearly, the world will not end and the financial system will be more robust if the likes of GS were to disappear.
FYI, The Teddy Kennedy Wing Republican line is from Duncan Hunter who basically tried to take the issue of illegal immigration into the Presidential race. But make no mistake the political dynamics here mimic the debate on Comprehensive Immigration Reform. In that debate, Jorge Bush and the treacherous Senate Republicans were on board, but there was not enough House Republicans on board to make the bill anything in the House but a Democrat passed partisan bill. The evil talk show hosts were blamed for killing that bill in the MSM, but the truth was the opposing Republicans in the House were only doing what our founders intended them to do and that was by giving them only a two year term in office, the founders understood that they would be more sensitive to what the overwhelming will of the American people was.
There is no question that GS and MS will benefit the most. Isn't it funny that Buffet is consulting congress on bailout a couple days after GS and Buffet strike a deal? Isn't funny so far, GS is always on the right side of the trade with Paulson as Secretary of the Treasury? They don't even try to hide it. Then, you have the CEO of BB&T, the 14th large bank in US, saying everything is fine. Of course, his doesn't has the ear of the congress. So, no one hear him. Then, you look at what is so urgent about frozen commercial paper. It turns out it is only AA financial paper. Anything non-financial is getting FED rate 2.X%. If there is a way to look into AA financial paper, I bet banks like BB&T is doing fine and has no problem getting money. It is only GS, MS, JPM..etc. have problems.
here we are,as predicted, back in the gutter. I guess most if not all of you were too lazy or 'busy' to contact your congressman over the weekend and complain. well, now you have to live with it.maybe you will be lucky and it will only escalate to 3 trillion, not the 5 or 6 I previously mentioned. thanks.
It must be hard to keep track of all of your predictions: http://www.elitetrader.com/vb/showt...552#post2051552