Comments on: Toward a Department of Bailouts http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/ Protect yourself from government gaffes, bureaucratic blunders and incumbent incompetence Mon, 06 Feb 2012 16:25:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Great Depression II - Homeland Stupidity http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18356 Great Depression II - Homeland Stupidity Sat, 04 Apr 2009 02:46:59 +0000 http://www.homelandstupidity.us/?p=1774#comment-18356 [...] stock markets rose slightly on Friday’s news of the G-20 agreement, but all it does, and all the stimulus and bailouts do, is to buy time for the political leaders, whoever they are, to get out of the way of the [...] [...] stock markets rose slightly on Friday’s news of the G-20 agreement, but all it does, and all the stimulus and bailouts do, is to buy time for the political leaders, whoever they are, to get out of the way of the [...]

]]> By: Michael Hampton http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18355 Michael Hampton Wed, 01 Oct 2008 04:47:05 +0000 http://www.homelandstupidity.us/?p=1774#comment-18355 It all can be fixed, but the politicians aren't nearly ready to give up the control they would have to surrender in order to fix it. It all can be fixed, but the politicians aren’t nearly ready to give up the control they would have to surrender in order to fix it.

]]> By: Bob http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18354 Bob Wed, 01 Oct 2008 01:58:15 +0000 http://www.homelandstupidity.us/?p=1774#comment-18354 I watched the CNN Ron Paul clip. I'm liking that guy more and more. For none other than the simple reason that he speaks the truth, no matter who's in his face. I like that. He thinks it's all fixable though, and that is where I have my doubts. Twenty-five years ago maybe, but now, fixing it will be just as painful as letting it go. Both will be unbearable for the United States. If it could be done in isolation it would be possible, but there will be too many outside forces at work when the crash hits home. He's an optimist, wants to try and thinks that the American ideal is worth the effort. Nothing wrong with that. I admire the man. I watched the CNN Ron Paul clip. I’m liking that guy more and more. For none other than the simple reason that he speaks the truth, no matter who’s in his face. I like that.

He thinks it’s all fixable though, and that is where I have my doubts. Twenty-five years ago maybe, but now, fixing it will be just as painful as letting it go. Both will be unbearable for the United States. If it could be done in isolation it would be possible, but there will be too many outside forces at work when the crash hits home.
He’s an optimist, wants to try and thinks that the American ideal is worth the effort. Nothing wrong with that. I admire the man.

]]> By: Peggy McGilligan http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18353 Peggy McGilligan Mon, 29 Sep 2008 21:11:49 +0000 http://www.homelandstupidity.us/?p=1774#comment-18353 Just Say No: imagine, a $1-trillion dollar bailout without even a hint at wrongdoing or malfeasance. Many of the fat cats who circulate from board to board and from job to job, are also members of the Trilateral Commission and or the Bilderberg Group. When someone takes your money and steals your car, it makes an impression. When they’re committed globalists, it leaves a lasting impression. Many elected officials even belong to the cabals. When Bill Clinton eased banking restrictions, he dished out $8-billion dollars for community reinvestment loans. When the financing schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left banks in the lurch. Hillary Clinton counted on the loan giveaways to buy votes. Interestingly enough, had Hillary secured the nomination; she, instead of Barack Obama would preside over the bailout. So, where is that $8-bilion plus dollars? The Global Initiative people (code speak for car thieves) took my money; they stole my car. If you or I did half the things these people have done, we’d be serving consecutive life sentences. Let the bubble burst. Gentlemen, I want my money back: Just Say No: imagine, a $1-trillion dollar bailout without even a hint at wrongdoing or malfeasance. Many of the fat cats who circulate from board to board and from job to job, are also members of the Trilateral Commission and or the Bilderberg Group. When someone takes your money and steals your car, it makes an impression. When they’re committed globalists, it leaves a lasting impression. Many elected officials even belong to the cabals. When Bill Clinton eased banking restrictions, he dished out $8-billion dollars for community reinvestment loans. When the financing schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left banks in the lurch. Hillary Clinton counted on the loan giveaways to buy votes. Interestingly enough, had Hillary secured the nomination; she, instead of Barack Obama would preside over the bailout. So, where is that $8-bilion plus dollars? The Global Initiative people (code speak for car thieves) took my money; they stole my car. If you or I did half the things these people have done, we’d be serving consecutive life sentences. Let the bubble burst. Gentlemen, I want my money back:

]]> By: I.O.U.S.A.: One Nation. Under Stress. In Debt. - Homeland Stupidity http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18352 I.O.U.S.A.: One Nation. Under Stress. In Debt. - Homeland Stupidity Mon, 29 Sep 2008 04:20:38 +0000 http://www.homelandstupidity.us/?p=1774#comment-18352 [...] 29, 2008 12:20 am On September 17, while the financial world was still reeling from the collapse of several Wall Street institutions, a next day air envelope arrived at my house. I probably should [...] [...] 29, 2008 12:20 am On September 17, while the financial world was still reeling from the collapse of several Wall Street institutions, a next day air envelope arrived at my house. I probably should [...]

]]> By: Secret bailouts coming? - Homeland Stupidity http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18351 Secret bailouts coming? - Homeland Stupidity Fri, 26 Sep 2008 18:58:41 +0000 http://www.homelandstupidity.us/?p=1774#comment-18351 [...] keep on coming, like aftershocks from an earthquake. Perhaps I shouldn’t have called it a hurricane after [...] [...] keep on coming, like aftershocks from an earthquake. Perhaps I shouldn’t have called it a hurricane after [...]

]]> By: miche http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18350 miche Wed, 24 Sep 2008 17:56:03 +0000 http://www.homelandstupidity.us/?p=1774#comment-18350 Great post, Hampton. Now go for round two, link the dots and write something about this. Great post, Hampton. Now go for round two, link the dots and write something about this.

]]> By: Listings. Listings. Listings. Still. | national real estate opinion column - agentgenius.com http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18349 Listings. Listings. Listings. Still. | national real estate opinion column - agentgenius.com Tue, 23 Sep 2008 08:22:46 +0000 http://www.homelandstupidity.us/?p=1774#comment-18349 [...] the Department of Homeland Stupidity comes the newly formed Department of Bailouts.  Is there now a sufficient level of converting the United States into a socialist economy for [...] [...] the Department of Homeland Stupidity comes the newly formed Department of Bailouts.  Is there now a sufficient level of converting the United States into a socialist economy for [...]

]]> By: gus http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18348 gus Tue, 23 Sep 2008 01:07:28 +0000 http://www.homelandstupidity.us/?p=1774#comment-18348 I was wondering where all the money lost in this mess went to.Was this real money or only conffident in the system.Gold is the answer. I was wondering where all the money lost in this mess went to.Was this real money or only conffident in the system.Gold is the answer.

]]> By: Matthew Claypool http://www.homelandstupidity.us/2008/09/22/toward-a-department-of-bailouts/#comment-18347 Matthew Claypool Mon, 22 Sep 2008 21:55:35 +0000 http://www.homelandstupidity.us/?p=1774#comment-18347 I'm tired of all the talk about how Americans need to embrace the socialization of these financial institutions because the alternative is a total meltdown. I'm not against socialism in some of its forms (I'm glad that income taxes taken from people making minimum wage at a fast food place can go to pay for people like Ted Kennedy to have brain surgery. I say bless the socialized congressional health package. I've BEEN that burger flipper who couldn't afford to get sick because I had no insurance and couldn't miss work-- I know how much that can weigh on a person's mind, and I wouldn't want any of our politicians' time to be spent wondering what might happen if they get ill-- it seems they've got enough on their plate already) but on the issue of the bailout I actually agree with the former position of Bush and McCain (I say former because they seem to have forgotten their own words). I say, let the market bear it out!! If these financial institutions are losing money it's because of poor business decisions. Their businesses fail because they have an inferior product/leadership. Obviously the CEOs and CFOs need to go back to school because they are terrible at their jobs... otherwise, they will continue to make the same mistakes. But the bigger picture is that this wasn't a mistake. These institutions were designed and manipulated to work this way. People saw it coming and everyone said, oh no, wait and see, it's an adjustment, let the market bear it out, let them work free of government involvement (government only makes it worse)-- well, the market has given birth to this situation and now I say "let them eat stock." Much like the maligned welfare mother of conservative myth, if we give them something now, they'll just keep coming back for more. If we let them starve we will actually teach all those poor Wall Street-ers the value of hard work (I know there are a lot of burgers out there that need to be flipped)-- if they work hard enough, they will overcome ALL obstacles (that's the American dream, no?). People are saying we can't let these companies implode because the whole economy will go down-- we could have a depression. To them I say, look around. The majority of Americans are already living like it's a depression. For anyone making less than $50K (the majority of America), it's not going to be a huge difference, but it COULD allow us to re-tool and re-style the economy. It's been clear for years that capitalism in its current form is broken. The system continues to work for an ever-shrinking number of Americans while the plurality gets left with the bill. We as Americans don't have to accept the business dealings that are going on between Wall Street and Capitol Hill. [As inevitable as it seemed we didn't have to accept the war with Iraq. It felt like a foregone conclusion, but it wan't and this isn't either. It's not inevitable, but we have to speak up now.] It's time we stand together to teach those who have spent years manipulating the rule of law in this great nation, that we will not lay down yet again. I am not alone and neither are you. It's time we teach those in power what the value of a dollar really is (before they destroy THAT, too). I’m tired of all the talk about how Americans need to embrace the socialization of these financial institutions because the alternative is a total meltdown. I’m not against socialism in some of its forms (I’m glad that income taxes taken from people making minimum wage at a fast food place can go to pay for people like Ted Kennedy to have brain surgery. I say bless the socialized congressional health package. I’ve BEEN that burger flipper who couldn’t afford to get sick because I had no insurance and couldn’t miss work– I know how much that can weigh on a person’s mind, and I wouldn’t want any of our politicians’ time to be spent wondering what might happen if they get ill– it seems they’ve got enough on their plate already) but on the issue of the bailout I actually agree with the former position of Bush and McCain (I say former because they seem to have forgotten their own words). I say, let the market bear it out!! If these financial institutions are losing money it’s because of poor business decisions. Their businesses fail because they have an inferior product/leadership. Obviously the CEOs and CFOs need to go back to school because they are terrible at their jobs… otherwise, they will continue to make the same mistakes.
But the bigger picture is that this wasn’t a mistake. These institutions were designed and manipulated to work this way. People saw it coming and everyone said, oh no, wait and see, it’s an adjustment, let the market bear it out, let them work free of government involvement (government only makes it worse)– well, the market has given birth to this situation and now I say “let them eat stock.” Much like the maligned welfare mother of conservative myth, if we give them something now, they’ll just keep coming back for more. If we let them starve we will actually teach all those poor Wall Street-ers the value of hard work (I know there are a lot of burgers out there that need to be flipped)– if they work hard enough, they will overcome ALL obstacles (that’s the American dream, no?).
People are saying we can’t let these companies implode because the whole economy will go down– we could have a depression. To them I say, look around. The majority of Americans are already living like it’s a depression. For anyone making less than $50K (the majority of America), it’s not going to be a huge difference, but it COULD allow us to re-tool and re-style the economy. It’s been clear for years that capitalism in its current form is broken. The system continues to work for an ever-shrinking number of Americans while the plurality gets left with the bill.
We as Americans don’t have to accept the business dealings that are going on between Wall Street and Capitol Hill. [As inevitable as it seemed we didn't have to accept the war with Iraq. It felt like a foregone conclusion, but it wan't and this isn't either. It's not inevitable, but we have to speak up now.] It’s time we stand together to teach those who have spent years manipulating the rule of law in this great nation, that we will not lay down yet again. I am not alone and neither are you. It’s time we teach those in power what the value of a dollar really is (before they destroy THAT, too).

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