1yearOlder
The jig's up!
- Joined
- May 30, 2007
- Messages
- 1,137
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I don't quite understand your question...If you're looking for guarantees, here's the only guarantee that I can think of...If the commercial paper market implodes, I guarantee that we will have the worst economy for the next three years that I've seen in my lifetime. I'm 46 years old. That's no hype, just fact.
At this point in the game, we're way beyond the problems of the mortgage markets. We're talking about saving the commercial paper market at this point.
I'm 46 as well as you can see .
We both were in high school when the "Washington Outsider" Carter
was elected over the "Too close to WaterGate , although never implicated" Ford .
And I've had my eye on every administration since , including how many executive branch agency secretaries
come from and go back to board member positions of investment banks
and trans-atlantic corporations usually tied into the military in some shape or form .
I could continue but , on to our present situation ...
These are rotten financial assets .
Paulson and Bernanke are trying to replay the approach used in the 80's
S&L crises but this situation is unprecedented , the debt is astronomical compared to the assets .
The failed S&L's had real assets , once sorted from the junk ,
that could be readily resold by the RTC at bargain prices .
This crisis involves etheral financial instruments - not just the notorius mortgage securites but
various derivative contracts and esoteric deals that could be virtually worthless .
And if there is any value , look what happened with the failed S&L's
and the RTC . The firms that financed the S&L's reckless lending
got to buy back the same properties for pennies on the dollar , profiting
on the upside , then again on the downside and guess who picked up the tab ?
Our government has been run by a criminal syndicate for decades now .
Our current crop of Republicans or Democrats , it makes little to no difference .
Now Paulson ( Goldman,Sachs ) ( Secretary U.S. Treas . ) is trying to bail out his buddies , after stealing our money ,
with our money again ,
while he and Bernanke are threatening us and the impotent congress
if we don't do it their way .
I am especially repulsed by Sec. 8 of the administrations proposal
( although it is in the same language as several directives , PDD51 and
the Patriot Act ) as follows -
Decisions by the Secretary pursuant to the authority of this Act are
non-reviewable
( meaning no-one dare try to look at or question what he is up to )
and committed to agency discretion , and may not be reviewed
by any court of law or any administrative agency .
Why would he need this kind of power and secrecy if he wasn't
up to something criminal ?
(meaning he in effect is emperor with complete liable immunity)
Just as PDD51 gives the current President or any future President
dictatorial powers if he or she deems it necessary .
" To preserve , protect and defend the constitution of the United States
of America . ":1zhelp:
Game Over !
![Covri :covri: :covri:](/images/last/covri.gif)
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