700 billion pea and thimble "headache" , is not cured by moving the thimble , its still a 700 billion headache
kangarooistan
moving it from one thimble to another , leave the headache with those
who created it , we warned them many times
You still have thimbles and a 700,000 billion dollar problem , moving
them around changes nothing , except the people who created the
problem are now free to create more problems, or scoop up the
assets of those forced to accept the burden ,
Politicians who seek to protect their mates from their bad debt , by
forcing it onto innocent bystanders who will need to sell their
assets off to relieve the burden , thereby rewarding those who
created the headache and penalizing those who were more careful
Moving the debt around wont cure the problem
It will almost certainly make things worse by forcing the innocent to
suffer the " hangover " ,so the guilty can party on
AGAIN
The package being cooked up in Washington will pass total freedom to
big banks to set their own rules and will enslave the entire world
population under control of a handful of jewish bankers for ever
kangarooistan
> If you have a 700 hundred billion problem , its is not cured by
The USA financial system will implode within 24 hours if overseas
funds are not attracted to pay the wages due at the end of this month
The USA will do anything to avoid the embarrassment of telling their
taxpayers that the end has arrived and they have nothing and can not
borrow any more
The Europeans may offer enough for this week , the end is near ,
another 60 billion from EU may help for a few days but more will be
needed
Nothing can now save the USA taxpayers or anybody holding USA notes or
assets , they are all worthless , the jews will scoop up anything of
value they don't already own and retire to Israel until the riots end
kangarooistan
mates and feed the rest of us into into the mincer
Deal eludes US bail-out talks
Republicans in the House of Representatives have put forward an
alternative plan [AFP]
US legislators are locked in tense negotiations to finalise a rescue
plan that would address the country's deepening financial crisis.
A $700bn bail-out plan proposed by the Bush administration has proved
a hard sell, both to Democrats and to some members the president's own
Republican party.
There are hopes a resolution can be reached before world markets open
on Monday.
.
Wen Jiabao, China's prime minister, on Saturday called for
international co-operation to resolve the crisis, saying Beijing's
contribution would be to maintain its own economic stability.
http://english.aljazeera.net/news/americas/2008/09/200892716572182514...
.
Steny Hoyer, the majority leader in the House of Representative, told
Fox News on Saturday that he hoped to "have a plan we can put forward"
by the end of the weekend.
Several polls this week showed many Americans were sceptical of the
package backed by George Bush, the president.
In one poll, 55 per cent of people said they did not believe the
government should be responsible for bailing out private companies
with taxpayers' money, even if the collapse could damage the economy.
Bush assurance
Bush told citizens in his weekly radio address that he understood
taxpayer frustration for being asked "to pay for mistakes on Wall
Street".
"The failure of the financial system would mean financial hardship for
many [Americans]"
George Bush, US president
Seeking to persuade Americans to support the deal, he said: "The
failure of the financial system would mean financial hardship for many
of you.
"The result would be less economic growth and more American jobs lost.
And that would put our economy on the path toward a deep and painful
recession."
The plan originally put forward by Henry Paulson, the US treasury
secretary, was criticised for failing to provide enough oversight.
That plan would have largely awarded Paulson powers to use the multi-
billion dollar sum of taxpayers' money to buy up bad debt, such as
mortgages, held by any financial institution for two years.
Bush assured voters in his radio address that over time the value of
those assets would rise again.
"This means that the government will be able to recoup much, if not
all, of the original expenditure," he said.
Republicans in the House have, meanwhile, put forward a rival plan
calling for an expanded insurance system financed by banks to rescue
individual home mortgages, so that taxpayers do not have to fund the
bail-out.
John Boehner, the House Republican leader, said the alternative
proposal "reflects the core free-market, pro-taxpayer principles of
our party".
International concern
Other governments have watched the protracted talks closely, concerned
the financial turmoil could spread.
Wen Jiabao, China's prime minister, on Saturday called for
international co-operation to resolve the crisis, saying Beijing's
contribution would be to maintain its own economic stability.
"All countries must strengthen their co-operation. They must all take
proactive measures to deal with the crisis," he said at a meeting
organised by the World Economic Forum in the north Chinese city of
Tianjin.
Gordon Brown, the UK's prime minister, on Friday assured Bush that
"Britain supports the financial plan - and whatever the details of it,
it's the right thing to do to take us through these difficult
circumstances".