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  #1  
Old 11-18-2008, 12:42 AM
BlueAngel BlueAngel is offline
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Default The Bailout


Don't you just love these CONGRESSIONAL hearings?

What a show!

As if Congress is going to hold anyone's feet to the fire for ACTIONS THAT HAVE ALREADY BEEN TAKEN by the CONTROLLERS and were approved by them.

A little late, don't cha think?

Don't waste the money we pay you to conduct this facade.

Do something good for people of this country for a change.

These hearings are meaningless.

They are a poor attempt to appease the American people.

Look, look.

Look at us.

We're working for you.

Not in reality.

You work for them.

You give them everything they want and the American people nothing!

You should all be as disgusted with yourselves as we are with you.

You allow them to print money out of thin air to finance anything they desire and the presses are halted when it comes to the welfare of the people of this country.

Oh, yeah.

That'll make it better.

Grill the top sales man for the bailout now that it's already a done deal.

Like it matters.

They printed money out of thin air to bail-out the banks, or so they say.

Top salesmen for financial bailout face grilling: Financial News - Yahoo! Finance


Last edited by BlueAngel : 11-18-2008 at 12:51 AM.
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  #2  
Old 11-18-2008, 09:22 AM
BlueAngel BlueAngel is offline
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Default Re: The Bailout

The automakers are begging for a bailout now.

Let's see.

They'll get their bail-out and then what?

Congressional hearings?

Oh, how entertaining.

Big Three automakers beg for $25 billion lifeline - Yahoo! News

Last edited by BlueAngel : 11-18-2008 at 03:48 PM.
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  #3  
Old 11-19-2008, 12:02 AM
BlueAngel BlueAngel is offline
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Default Re: The Bailout

Maybe the American people should gather together and plead/beg Congress to bail us out of the mess our government has created for us.

Times is tough not just for CORPORATE conglomerates.

How 'bout they pay the debts we've had to accrue due to job loss, stock market theft, etc.

It appears to me that's all it takes.

You know.

Get down on your hands and knees and beg them for a hand-out.

The encomy is bankrupting the average Joe, but the hell with us.

I hope Obama sends us another $300.00, YAY, so we can stimulate the econmy.

Obviously, all you have to do is use poor business practices and CONGRESS will do whatever it is the FED wants them to do.

Like print about 25 million dollars out of thin air for the auto makers.

Excuse me, but are the American people going to have to pay for, yet again, another FED sponsored bail-out?

Didn't we just make the oil companies Zillionaires while we were forced to pay over $4.00 a gallon for gas?

On another note.

The DUDE from Vanity Fair, name escapes me at present said that Obama shouldn't FOCUS on bin Laden because we have other enemies who are more pressing such as Russia and Iran.

Huh?

Since when did Russia become our enemy and pose a threat?

Anyway, so there you have it.

Bin laden, the mastermind behind 911 should be forgotten about because for all intents and purposes he is dead and buried.

Last edited by BlueAngel : 11-19-2008 at 12:14 AM.
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  #4  
Old 11-19-2008, 02:19 PM
BlueAngel BlueAngel is offline
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Default Re: The Bailout

The banks made bad loans.

Freddie Mac and Fannie Mae bought the loans because they new the FED would bail them out.

Who made money?

Who lost money?

We know the answer.

In the process, the FED has taken over some private banks and given themselves yet more power.

Orchestration.
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  #5  
Old 11-23-2008, 11:34 PM
BlueAngel BlueAngel is offline
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Default Re: The Bailout

Citigroup is next.

Government unveils plan to rescue Citigroup - Yahoo! News

Where does the line form?

Oh, I forgot.

It's not a private citizen bail-out.

Banks and auto-makers only.

Last edited by BlueAngel : 11-23-2008 at 11:37 PM.
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  #6  
Old 12-17-2008, 10:45 PM
BlueAngel BlueAngel is offline
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Default Re: The Bailout

If you needed bail-out funds to keep afloat, how then can you use them for employee bonuses?

Obviously, your bank wasn't insolvent.

Were these bail-out funds merely pay-offs to the banking industry for the role they played in collapsing the real estate market and putting people out of their homes and jobs and helping to further the economic down turn?

In other words, was it a manufactured illusion that these banks were going to go under without an infusion from the FED and a further illusion that they were suffering losses from their bad lending practices so a bail-out (bonuses) could be approved?

Someone made money somehwere from these bad loans and it certainly wasn't the homeowners.

Yahoo!

Last edited by BlueAngel : 12-17-2008 at 10:48 PM.
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  #7  
Old 02-05-2009, 09:15 PM
BlueAngel BlueAngel is offline
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Default Re: The Bailout

Why was the bailout money handed over to thieves without oversight?

Some of the same executives who paid themselves bonuses from the taxpayer's bailout money are some of the same executives who are responsible for causing thousands upon thousands of people in this country to foreclose on their homes; helping to worsen the economic collapse and aiding the Banksters in receiving large doses of interest payments on these bad loans and loose credit that has been available to everyone and anyone since the Clinton administration.

They have stolen people's homes and dignity.

Due to this thievery, Obama has suggested placing a salary cap of $500,000.00 on all executives of financial institutions.

Is that legal or is that communism?

Or just plain ridiculous?

That's the penalty for theft?

You can't make more than $500,000.00 a year, all paid for by the taxpayers and, by the way, keep the bonus money you stole from the taxpayers, too, because they are absolutely and positively very pleased with your performance as CEO's of these PRIVATELY owned and operated financial institutions, which are not a part of the government, but yet the taxpayer's are forced to bail them out.

If my corporation goes belly up, will the FED bail me out?

And, always remember the mantra, people, you will be in debt to the government for the rest of your life; your children; your grandchildren, etc.

The fact of the matter is that we will be paying taxes for the rest of our lives.

That's the way it works.

Is this a dog and pony show?

CEO's who helped with the economic collapse are now being scolded by CONGRESS!

The taxpayer's in this country who lost their homes and dignity due to deliberate and fraudulent lending practices are now forced, once again, like the rest of us to pay the exhorbanent salaries and support the wealthy lifestyles of the CEO's who aided and abetted in forcing people out of their homes and worsening the economic collapse.

Last time I checked theft was a crime and so, too, was fraudulent lending practices.

Obviously, someone knows who stole the taxpayer's money because it's been reported that some executives were PAID BONUSES.

BONUSES!

Were they paid bonuses or did they steal?

I'm confused.

Someone please clarify.

They gave themselves bonuses?

Are you kidding me?

What gall!

Bonuses taken from taxpayer bailout money; some of whom lost their homes due to these executives approving BAD and fraudulent loans.

Maybe the bonuses were a government pay-off for a job well done in helping to worsen the economic crisis.

IMO, in the near future, many of these CEO's and their Board of Directors need to be replaced.

Last edited by BlueAngel : 02-11-2009 at 05:54 PM.
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  #8  
Old 02-10-2009, 07:27 PM
BlueAngel BlueAngel is offline
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Default Re: The Bailout

Utterly ridiculous.

The new bailout would require any executive who received a bonus of over $100,000.00 from the last bailout to repay the excess amount within four months or receive a 35 percent penalty.

Are you kidding me?

When were the taxpayers advised that the bailout money under Bush would include bonuses to executives of the very same financial institutions who caused their own demise and aided and abetted in the economic crisis due to fraudulent lending practices?

Sounds like theft to me of taxpayer money and a reward to to those who practiced fraudulent lending practices and aided and abetted the current economic crisis.

I don't work so my tax dollars can supply executives of financial institutions with bonus dollars.

Our tax dollars are meant to support the country and not the lifestyles of the rich.

The taxpayers not only have to bailout the financial institutions and the executives who caused their bankruptcy and forced thousands upon thousands of people out of their homes, due to fraudulent lending practices, but we're also required to reward them with a BONUS of $100,000.00 for their incompetence!?!

Since when is it the taxpayer's responsibility to compensate executives with a bonus?

The new bailout plan has a provision included, as well, for Executive Compensation.

The taxpayers only have to pay each executive a $500,000.00 salary.

These people don't deserve a BONUS.

A BONUS for what?

For aiding and abetting in the economic collapse.

Anyone care to inform me as to the legality of taxpayers being forced to compensate executives with bonus money?

Obama is being CONTROLLED by the Banksters.

Oh, what a shock!

Stimulus bill seeks to recover Wall Street bonuses

Stimulus bill seeks to recover Wall Street bonuses

Print By MATTHEW DALY, Associated Press Writer – 2 hrs 1 min ago

February 10, 2008

WASHINGTON – Financial institutions that received federal bailout money and paid large executive bonuses would be required to compensate taxpayers under the economic stimulus bill approved by the Senate.

The $838 billion measure includes an amendment penalizing companies that paid bonuses greater than $100,000 to executives after receiving government rescue funds last year. The amendment would require the companies to repay within four months any portion of the bonus above $100,000 or face an excise tax of 35 percent on the portion of the bonus above $100,000.

The Senate approved the stimulus bill 61-37 on Tuesday, setting up negotiations with the House, which passed a slightly different version last week.

"It should have gone without saying that the bailout money was never intended for employee bonuses, but once again financial institutions have taken advantage of lax regulation and the public trust," said Sen. Ron Wyden, D-Ore., who co-sponsored the amendment with Sen. Olympia Snowe, R-Maine.

"The American people are demanding that these firms get serious about getting our economy back on track,' Wyden said. "Congress has to show that it is willing to step in until they get the message."

Snowe, one of just three Republicans to back the stimulus bill, said the financial bailout Congress approved last fall "left open an escape hatch of golden parachutes for top executives on Wall Street, the same individuals whose careless mistakes hurt the financial system and forced taxpayers to foot the bill in the first place."

She said that by requiring the companies to return bailout funds used to pay big bonuses, the government could "claw back" bonuses already paid to senior executives at firms that received money in the final quarter of 2008 from the Treasury Department's Troubled Asset Relief Program, known as TARP.

Snowe and Wyden said their amendment would work in conjunction with the Treasury Department's new guidelines on executive pay for financial institutions receiving TARP funds, by applying strict standards to bonuses paid in 2008. The new guidelines, announced Tuesday, apply to the unspent $350 billion installment of the $700 billion bailout fund.

The Joint Committee on Taxation estimates that the Wyden-Snowe amendment would raise as much as $3.2 billion. Financial institutions received more than $274 billion through the bailout program while paying out an estimated $18.4 billion in employee bonuses last year, the committee said.

Last edited by BlueAngel : 02-11-2009 at 05:57 PM.
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  #9  
Old 02-10-2009, 07:55 PM
BlueAngel BlueAngel is offline
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Default Re: The Bailout

Since the American taxpayer's are funding the bailout, not once, but twice, we are entitled to know the names of the Executives who received a bonus on the first round; how much they received; and the names of the executives who are going to receive a bonus on the second round; their positions within the financial institiutions where they are employed by the Banksters and their annual salaries.

Thanking you in advance,

A Taxpayer....

Last edited by BlueAngel : 02-10-2009 at 11:46 PM.
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  #10  
Old 02-11-2009, 02:39 PM
BlueAngel BlueAngel is offline
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Default Re: The Bailout

The thieves (financial executives) who forced the taxpayer's to bail them out of the financial mess they created within the banking industry and paid themselves bonuses from the first bailout money, are now pledging to the public that there will be greater accountability when they receive the next windfall.

The banking institutions that the taxpayers are being forced to bailout are privately owned and operated by the Federal Reserve which is not a government entity.

Oh, yes.

You should always trust a thief with your money and rest assured that he will account for every penny of it honestly.

Bankers vow to work for financial system reform

Last edited by BlueAngel : 02-11-2009 at 09:30 PM.
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