perpetrator paulson to get a $700 billion check?

now they want to be above the laws and turn paulson into a financial dictator. the more i hear about what they are demanding in this "rescue" plan, the more it looks like a power grab. i think there will be STRONG opposition from THE RIGHT, THE LEFT AND THE CENTER!

haven't we seen this movie before where fear and threats of some kind of annihilation leads to impulsive and moronic action? comments please! wake up people of america!

read this latest "detail":

http://www.bloomberg...6...&refer=home

as head of goldman, fox paulson does not come to this with clean fangs !!!!! the fox now wants not just the hens but the whole henhouse !!!!!

Edited by humble1, 21 September 2008 - 05:11 AM.

humble do you know when paulson's term ends isn't it the same time as bush by the way sorry to get off topic, but i am trying to focus on the charts, and this seems a lot like 1987 and we basically had the crash but should get a deep retracement followed by a retest in 2 months after that well i can't hep but wonder what happens once paulson's term ends All of this also makes me think of martin armstrong and how he predicted the downturn of the US from 2000 and how it would become apparent to everybody 8 years later, he also predicted that confidence in private markets will end in the 2030s and be followed by trust in the government

A 2000 point down day and you will feel like 1987. This baby is ripe for it too.

paulson's term will probably end with the new administration, so, yes, best guess is he is out with bush2. isn't that nice that, whether or not the dictatorial powers are given to him, he can say he did everything he could have and should have and the new folks can share the next blame? people like paulson didn't get where they do without thinking strategy all the time and thinking about themselves all the time. human nature has not changed, so i intend to bet with it. as to your longer term comments, all i can say with certainty is that when these revolutions and economic tectonic events happen no one can tell where or when or how they will end. also, for sure, there will be lots of turmoil between now and then. and, finally for sure, the folks making the new rules will be the folks, for the most part, who benefitted from the old rules. the new rules will help them, too, and they will know a lot of them in advance. i want to be, and hope to be, in that group or at least aware of what they are up to!

Edited by humble1, 21 September 2008 - 08:03 AM.

I think there will be STRONG opposition from THE RIGHT, THE LEFT AND THE CENTER!

You are talking about Americans?

I wish there was smiley that rolled around and smacked its hands on the floor.

Can you guess what would've happened 200 years ago if an agent of the government asked for unchecked powers over anything? That person would've been hung without a second thought.

No. There won't be opposition from anywhere in America. This is pretty much a done deal. Just enjoy the ride and prepare for whatever you think will be the worst case scenario.

pcp: you are probably right. but i just listened to george will and i wonder if MORE resistance may come from the true conservatives (i know there aren't many left) than from the center and the left. and one from the other side said she wanted to see the CEO's in sackclothes. it is hard to judge the public response to this right now, but i think there is a fair chance for various reasons that this pig will not fly, with or witout lipstick! fascinating times, for sure.

Edited by humble1, 21 September 2008 - 09:00 AM.

pcp:


you are probably right.

but i just listened to george will and i wonder if MORE resistance may come from the true conservatives (i know there aren't many left) than from the center and the left. and one from the other side said she wanted to see the CEO's in sackclothes.

it is hard to judge the public response to this right now, but i think there is a fair chance for various reasons that this pig will not fly, with or witout lipstick!

fascinating times, for sure.

Foreign banks can use this program to dump illiquid assets on Americans too, if they have Americans working for them...

Look for a mini hiring frenzy of Americans by foreign banks soon so that they can dump their garbage on the Treasury.

With each passing moment, this bill looks worse and worse. I still hold to my original statement that no one will have the balls to even hold this up, certainly to vote against it.

Can you guess what would've happened 200 years ago if an agent of the government asked for unchecked powers over anything? That person would've been hung without a second thought.

The $700B is for the private banks that can not unload their paper to GSEs, so the rescue of the GSEs still remain as far as I understand. The cost of these will be well over $1T, more like $1.5-2T, the long term opportunity cost to the taxpayer after inflation will be around $5T, if not more.


When a few terrorists took down a couple billion dollar worth building with roughly 3000 American citizens, the US Army went on a man-hunt in the mountains. However, when the terrorists in the nation causes trillions of dollars damage, nobody seems to be lift a finger to catch the bad guys. Let me tell you the long term effects of this devaluation will claim much more than 3000 American citizens...

Yes, they must be tried for treason.

I have a stupid question. Who is financing this $700 billion debt? China? Abu-Dhabi?

I have a stupid question. Who is financing this $700 billion debt? China? Abu-Dhabi?

I would say that is not a stupid question. The problem arises in trying to give you an intelligent, non-cynical answer. The truth is....it probably doesn't matter. It was and is desperation. I hope it works in the long run because, in my opinion, this is one of those times where the reality of what is going on can literally crush everything going on around it.....including the genius of the technical analysts who have spotted the bottom.