SEIZURE OF U.S. ECONOMY! (RICH RAPE THE POOR AGAIN!)
Glenn
Source:
http://news.bbc.co.uk/2/hi/business/7628144.stm
Page last updated at 15:37 GMT, Sunday, 21 September 2008 16:37 UK
PAULSON WANTS A SPEEDY DEBT DEAL
US Treasury Secretary Henry Paulson says the rescue plan will 'protect
Americans'
Henry Paulson has urged Congress to move quickly to pass a $700bn
(£382bn) package to tackle the worst financial crisis for decades.
The US Treasury Secretary plans to set up a fund to buy back much of the
bad debt held by banks and financial institutions around the world.
Speaking on US television, Mr Paulson said the financial market turmoil
was a "humbling experience".
He also urged other countries to adopt similar schemes to shore up
confidence.
"I wouldn't bet against the American people and I wouldn't bet against
the long-term fundamentals of this country.
"But this is a humbling experience to see such fragility in capital
markets and to ask how did we ever get here," Mr Paulson told NBC's Meet
the Press.
Congressional and Treasury officials have been meeting over the weekend
to try to get the package signed into law within a matter of days.
International rescue
Under the draft Treasury plans, financial institutions with "significant
operations in the US" are eligible to sell or auction their bad debts to
Treasury fund.
PESTON'S PICKS
Banks eligible to sell to this Treasury-owned bank would be banks with
significant operations in the US - so, for example, Royal Bank of
Scotland and Barclays would be able to dump their toxic mortgage-related
investments on the Treasury
Read Robert's thoughts in full
The fund would aim to sell off these mortgage-related debts in the future.
That would mean a number of British banks could sell their soured assets
to the Treasury-owned bank - via an auction - according to the BBC's
business editor, Robert Peston.
On Saturday, US President George Bush defended the plan, saying the cost
to taxpayers of shoring up markets was better than the alternative of
job losses and diminished pensions.
"I'm convinced that this bold approach will cost American families far
less than the alternative," he said.
"Further stress on our financial markets would cause massive job losses,
devastate retirement accounts, further erode housing values, and dry up
new loans for homes, cars and college tuitions."
Regulations overhaul
The Treasury has revealed little detail of its ambitious package, other
than the estimated cost of buying these bad debts and who is eligible
for the scheme.
"... the world is changing very fast, but the governance of the global
financial system has not caught up with it and that's what's got to
change" Gordon Brown
Who's to blame for the crisis?
Will the plan work?
McCain attacks bank assistance
Mr Paulson has asked for congressional approval to raise the amount the
government can borrow to $11.3 trillion (from $10.6 trillion) to cover
that cost.
Analysts say the devil was in the detail, for example, how much the
Treasury will pay for the banks' toxic assets.
Some members of Congress are uneasy at the thought of the taxpayer
taking on hundreds of billions of dollars of currently worthless debt,
the BBC's North America editor Justin Webb says.
But the leader of the Democrats in the House of Representatives, Steney
Hoyer, has said he expects quick action.
After a week of turmoil, stock markets around the world rallied on news
of the rescue plan, with the UK's FTSE 100 closing on Friday with its
biggest one-day gain.
The US Treasury Secretary also said that the government would be
stepping up action to increase the availability of capital for new home
loans.
Once this difficult period was over, Mr Paulson said, the government's
next task would be to overhaul bank regulations.
'New economy'
The UK prime minister said on Sunday that one of the lessons from the
global financial crisis is the need for international regulation to be
brought up to date.
Gordon Brown told the BBC: "We're in a new economy, a global financial
economy, the world is changing very fast, but the governance of the
global financial system has not caught up with it and that's what's got
to change."
Mounting fears that the credit crisis is beginning to spread out through
the financial system have rocked shares and companies recently.
Investment giant Lehman Brothers collapsed last Monday, rival Merrill
Lynch was bought out by Bank of America, and the US government has
bailed out insurer AIG with an $85bn rescue package and state-backed
mortgage lenders Fannie Mae and Freddie Mac.
[endit]
Note:
First:
My question is, where is the US government going to get 500 million to 1
trillion dollars to purchase the bad debts of the faltering banks? The
US Government is in debt in the amount of 10 TRILLION Dollars!
"...Mr Paulson has asked for congressional approval to raise the amount
the government can borrow to $11.3 trillion..."
Oh? The Government is going to BORROW the Money? Wait! Wait just a damn
minute!
The Government is going to sell bonds (THAT'S how the government borrows
money) to wealthy investors INCLUDING BANKS -- the very investors and
banks who own the bad mortgages!
So, the investors and banks own a bunch of mortgages they are loosing
money on, and they will loan the government the money to buy those
unprofitable mortgages by buying Government Bonds --
What a rape of the American People!
So the investors trade their bad mortgages to the Government for
guaranteed, interest paying, bonds; then the government owns those
properties which must be held until the market rises, or sold at a loss!
Wait, do you remember when the Government took over Mustang Ranch? Did
the Government make money -- or loose it's (the peoples') shirt?
Second:
Did you notice?
"...the world is changing very fast, but the governance of the global
financial system has not caught up with it and that's what's got to
change." Gordon Brown
Gordon Brown said, "The world is changing very fast."
Oh? Really? What ARE those changes, Gordon? Is the rise of the European
Union part of those changes? What of "Oil Depletion," is THAT part of
the Change?
Then Gordon Brown added, "...but the governance of the global financial
system has not caught up with it and that's what's got to change."
Note the two phrases in his last statement: "The governance of the
global financial system..."
Who "Governs the global financial system"? Where did THAT idea come from
-- that there was (in the past) "governance of the global financial
system"? Where did THAT idea come from -- that there NEEDS to be a
"governance of the global financial system"?
ONE WORLD GOVERNMENT!
Do you believe Gordon Brown would speak of the "governance of the global
financial system" if such a "governance" were not part of something to
which he is privy?
The piece-meal and/or gradual take over of the United States Economy is
part of the plan and process of establishing a "One World Government."
There is soon to be a "One World Church," aka the World Council of Churches.
Yes, coming soon, a one world economy and a one world church.
What's next?
This generation will not all die before all prophecy of the return of
the Lord and the end of this world are fulfilled.
http://www.thelittlebookopened.org/main/about/signs.html
Glenn
His witness
Acts 1:18, Rev 11:2-3
--
www.thelittlebookopened.org [Key words:] "The Little Book";
Glenn McClary, servitum, gaedhealic, oldwetdog
-... Matt ...
wrote:
Well I would ask if all stock dividends of any company that uses these
funds for the next year be canceled and all bonuses canceled.
What caused this our great Christian party called the republicans had
power for 6 years.
Matt
Glenn
Perhaps you could offer ice water to people in hell while you're at it?
Another idea is to make a law that any rapist is required by law to
offer lubricant to his victim, and the fine (paid to the state, of
course, not the victim) for failure to use lubricant is $10,000.
>
>
>
> What caused this our great Christian party called the republicans had
> power for 6 years.
>
> Matt
The Subprime Home Mortgage market started some years before 2002. Quote:
"...subprime mortgages proliferated .... 21 percent of all mortgage
originations from 2004 through 2006 were subprime, up from 9 percent
from 1996..."
So, Mat, 9% of all home loans were "Subprime" in 1996! So the attempt to
blame the Republican Party for what Banks and the Bond Market started is
deceptive. Not just that it's intended to deceive the Voters in this
election year, but this deception is intended to hide the base cause
from the general public.
Think about it: if YOU had a subprime home mortgage, but your job was
good and you could easily make your payments, why would you default on
your home?
Do a little research.
I am disappointed, Matt, that you believe it makes any difference which
party, Democrats or Republicans, are sitting in the oval office or in
control of Congress.
Glenn
baba
"Glenn" <gamc...@spiritone.com> wrote in message
news:gb6fe...@enews2.newsguy.com...
Indeed. That global financial system you mentioned has no political
affiliation.
Who one votes for only determines in which way one will get screwed
and whether one will get a kiss and a lube job b4hand
*¿*
vernono
Go to a doctor and get a brain, then an education.
It's ALL because of liberals (yes rich ones)
BBC is not a source.
"Glenn" <gamc...@spiritone.com> wrote in message
news:gb601...@enews2.newsguy.com...
-... Matt ...
wrote:
>
>Go to a doctor and get a brain, then an education.
>
>It's ALL because of liberals (yes rich ones)
Were the liberals in total power for 6 years. Bush is a liberal?
After reading much have seen it is different parties same game.
>
>
>BBC is not a source.
Better than Fixed News ohh I mean Fox News.
Be Well
Matt
Glenn
> On Sun, 21 Sep 2008 15:08:07 -0700, "vernono" <ver...@there.com>
> wrote:
>
>> Go to a doctor and get a brain, then an education.
>>
>> It's ALL because of liberals (yes rich ones)
>
> Were the liberals in total power for 6 years. Bush is a liberal?
>
> After reading much have seen it is different parties same game.
>>
>> BBC is not a source.
>
> Better than Fixed News ohh I mean Fox News.
>
> Be Well
>
> Matt
Henry Paulson is the Source -- his statements are just reported by
several news sources...
...vernono thinks that be denying the BBC article he is denying the
reality of what Henry Paulson and the Government intend to do.
Glenn
vernono
> -... Matt ... wrote:
>> On Sun, 21 Sep 2008 15:08:07 -0700, "vernono" <ver...@there.com>
>> wrote:
>>
>>> Go to a doctor and get a brain, then an education.
>>>
>>> It's ALL because of liberals (yes rich ones)
>>
>> Were the liberals in total power for 6 years. Bush is a liberal?
>>
>> After reading much have seen it is different parties same game.
>>>
>>> BBC is not a source.
>>
>> Better than Fixed News ohh I mean Fox News.
>>
>> Be Well
>>
>> Matt
>
> Henry Paulson is the Source -- his statements are just reported by
> several news sources...
> ...vernono thinks that be denying the BBC article he is denying the
> reality of what Henry Paulson and the Government intend to do.
>
> Glenn
>
> --
No, just that England fell long ago and sources are blind.
Comment about Fox News is indicative. They may be buffoons but not
specifically pro socialist = Nazi = liberal. Once in a while they have a
balanced panel of numb numbs discussing something.
ANYTHING is better (more intelligent) than BBC. They do have some good
entertainment though.
vernono
> -... Matt ... wrote:
>> On Sun, 21 Sep 2008 15:08:07 -0700, "vernono" <ver...@there.com>
>> wrote:
>>
>>> Go to a doctor and get a brain, then an education.
>>>
>>> It's ALL because of liberals (yes rich ones)
>>
>> Were the liberals in total power for 6 years. Bush is a liberal?
>>
>> After reading much have seen it is different parties same game.
>>>
>>> BBC is not a source.
>>
>> Better than Fixed News ohh I mean Fox News.
>>
>> Be Well
>>
>> Matt
>
> Henry Paulson is the Source -- his statements are just reported by
> several news sources...
> ...vernono thinks that be denying the BBC article he is denying the
> reality of what Henry Paulson and the Government intend to do.
>
> Glenn
>
Show a difference in bias between Paulson and Lenin. Both think the
government should "control".
Glenn
How is it that you condemn the BBC article (as a source) when the same
information is presented by other sources such as Radio, Television and
news papers, then you _ADMIT_ Paulson has "bias" comparable to Lenin?
What is your Source?
You know something, vernono, (no, of course you don't,) your stupidity
is exceeded only by your ignorance. You don't exhibit ANY ability to
think! You can not comprehend that one statement you make contradicts a
previous statement you made -- which reveals the state of your blind,
confused, ignorant mind.
Oh how I wish such blindness and ignorance were laughable!
vernono
Reading both DUUUHHHH
>
> You know something, vernono, (no, of course you don't,) your stupidity
> is exceeded only by your ignorance. You don't exhibit ANY ability to
> think! You can not comprehend that one statement you make contradicts a
> previous statement you made -- which reveals the state of your blind,
> confused, ignorant mind.
>
> Oh how I wish such blindness and ignorance were laughable!
>
> Glenn
>
> --
>
So you are in love with socialism.
Glenn
You gave no source.
Or do you claim to have the ORIGINAL writings of Both Paulson and Lenin?
Oh? you DON'T have the ORIGINAL WRITINGS of EITHER Paulson or Lenin?
Then what is the source for what you CLAIM to have read?
>
>>
>> You know something, vernono, (no, of course you don't,) your stupidity
>> is exceeded only by your ignorance. You don't exhibit ANY ability to
>> think! You can not comprehend that one statement you make contradicts a
>> previous statement you made -- which reveals the state of your blind,
>> confused, ignorant mind.
>>
>> Oh how I wish such blindness and ignorance were laughable!
>>
>> Glenn
>>
>> --
>>
>
> So you are in love with socialism.
Is that a conclusion, or an accusation?
On what evidence and Logic did you arrive at either?
How is it, oh great intellect, that being opposed to a "One World
Government" and a "One World Economy" controlled by a self selected
committee -- or one man -- equate to a love of socialism?
Oh, never mind, you can't even understand the question, let alone answer it.
vernono
-... Matt ...
wrote:
>-... Matt ... wrote:
>> On Sun, 21 Sep 2008 15:08:07 -0700, "vernono" <ver...@there.com>
>> wrote:
>>
>>> Go to a doctor and get a brain, then an education.
>>>
>>> It's ALL because of liberals (yes rich ones)
>>
>> Were the liberals in total power for 6 years. Bush is a liberal?
>>
>> After reading much have seen it is different parties same game.
>>>
>>> BBC is not a source.
>>
>> Better than Fixed News ohh I mean Fox News.
>>
>> Be Well
>>
>> Matt
>
>Henry Paulson is the Source -- his statements are just reported by
>several news sources...
>...vernono thinks that be denying the BBC article he is denying the
>reality of what Henry Paulson and the Government intend to do.
>
>Glenn
well what I have discovered is we need to go to many different news
agencies.
A Second Opinion?
Also saw this said
""According to Ross Sorkin of the New York Times, Treasury Secretary
Henry Paulson is asking for the financial equivalent of the PATRIOT
Act.""
What I have seen except for the dollar amount little hard facts are
known. This alone is scary for only a fool trust a politician with
their money.
My point in my first post is that since this whole mess is the result
of greed and mismanagement, I do not think any help should be used to
give the Managers or the stockholders more profits. Bonuses or
dividends.
It is going to happen as it already has with AIG. It should not go to
any company that gives its CEO millions for failure.
God Bless
Matt
Glenn
As I said, you are too ignorant to defend your statement or answer my
question.
Glenn
> On Mon, 22 Sep 2008 11:31:47 -0700, Glenn <gamc...@spiritone.com>
> wrote:
>
>> -... Matt ... wrote:
>>> On Sun, 21 Sep 2008 15:08:07 -0700, "vernono" <ver...@there.com>
>>> wrote:
>>>
>>>> Go to a doctor and get a brain, then an education.
>>>>
>>>> It's ALL because of liberals (yes rich ones)
>>> Were the liberals in total power for 6 years. Bush is a liberal?
>>>
>>> After reading much have seen it is different parties same game.
>>>> BBC is not a source.
>>> Better than Fixed News ohh I mean Fox News.
>>>
>>> Be Well
>>>
>>> Matt
>> Henry Paulson is the Source -- his statements are just reported by
>> several news sources...
>> ...vernono thinks that be denying the BBC article he is denying the
>> reality of what Henry Paulson and the Government intend to do.
>>
>> Glenn
>
>
> well what I have discovered is we need to go to many different news
> agencies.
Agreed, especially news agencies which may be controlled by other
governments or ideologies since they may publish another point of view
or other information.
>
>
> A Second Opinion?
>
> http://tinyurl.com/3gnspa
>
> Also saw this said
>
> ""According to Ross Sorkin of the New York Times, Treasury Secretary
> Henry Paulson is asking for the financial equivalent of the PATRIOT
> Act.""
>
> What I have seen except for the dollar amount little hard facts are
> known. This alone is scary for only a fool trust a politician with
> their money.
Agreed.
>
> My point in my first post is that since this whole mess is the result
> of greed and mismanagement, I do not think any help should be used to
> give the Managers or the stockholders more profits. Bonuses or
> dividends.
Agreed. The market should be left to regulate it's self. Those banks and
investors who bought bonds to finance subprime home loans should eat
their bonds, and the banks and investors who have had to foreclose on
those homes and properties can keep them. The Government (that is, "We
The People) should NOT buy those devalued bonds or mortgages or
properties to insure the profits of the Banks and Investors.
>
> It is going to happen as it already has with AIG. It should not go to
> any company that gives its CEO millions for failure.
Agreed, but it seems that it's a done deal -- the politicians are just
fighting for the gravy now...
vernono
::: good news runner :::
Glenn <gamc...@spiritone.com> typed:
But Glenn - you do not understand your own questions nor all the idiotic
statelments you have made - so how could others make any sense from your
blasphemy?
> Glenn
--
___________________________________________________
::::::: http://www.acc-growing-deeper.de :::::::
::::::: http://www.acc-growing-deeper.de/Israel.htm :::::::
::::::: http://www.e-sword.net :::::::
::::::: http://alpha.org/default.asp :::::::
Glenn
The Merriam-webster dictionary is straight from the press. Which source
of word definitions will you use to support your ignorant statement?
You stated, "So you are in love with socialism."
I ask you again, "How is it, oh great intellect, that my being opposed
to a One World Government and a One World Economy controlled by a self
appointed committee -- or one man -- equates to a love of socialism?"
And again I say, that you are too ignorant to defend your statement or
answer my question.
Come now, vernono, continue to demonstrate your ignorance; at some point
it may become laughable, at least to someone, so keep trying.
vernono
Somehow I got the idea that you liked one world gov't or economy. Sorry,
what an insult.
>
> And again I say, that you are too ignorant to defend your statement or
> answer my question.
>
> Come now, vernono, continue to demonstrate your ignorance; at some point
> it may become laughable, at least to someone, so keep trying.
>
>
> Glenn
>
> --
>
There are many words for government controlled and WILL result in abject
failure
Socialism
Monarchy (unlimited, not a show piece like England which is cute)
Dictatorship
Communism
NAZI = Socialist Party of Germany (It's own definition.)
vernono
" ::: good news runner :::" <vera...@lycos.com> wrote in message
news:6jspomF...@mid.individual.net...
EXACTLY
Glenn
So you are admitting that you made a false accusation based on a wrong
assumption?
>
>
>>
>> And again I say, that you are too ignorant to defend your statement or
>> answer my question.
>>
>> Come now, vernono, continue to demonstrate your ignorance; at some point
>> it may become laughable, at least to someone, so keep trying.
>>
>>
>> Glenn
>>
>> --
>>
>
> There are many words for government controlled and WILL result in abject
> failure
Your statement is illogical or incomplete, a non sequitur.
The first phrase, "There are many words for government controlled" may
or may not be correct -- depending on what it is that is "government
controlled." A "Government controlled" Military is not Socialism,
communism or dictatorship, so I have no idea to which words you refer.
The second phrase of your statement, "WILL result in abject failure" has
no relationship to the first phrase, and is non sequitur.
"Many words for government controlled" has no relationship to success or
failure.
Again you make a statement but do not offer any supporting source.
What is your definition of "abject failure"?
What is your source?
> Socialism
> Monarchy (unlimited, not a show piece like England which is cute)
> Dictatorship
> Communism
> NAZI = Socialist Party of Germany (It's own definition.)
What is your source?
Did you find these words in the Press, a book or dictionary?
vernono
Basic history, VERY basic history.
You have obviously never studied it,
Nazi
5 dictionary results for: NAZI
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
Na·zi /'n?tsi, 'nćt-/ Pronunciation Key - Show Spelled
Pronunciation[naht-see, nat-] Pronunciation Key - Show IPA Pronunciation
noun, plural -zis, adjective
-noun 1. a member of the National Socialist German Workers' party of
Germany, which in 1933, under Adolf Hitler, seized political control of the
country, suppressing all opposition and establishing a dictatorship over all
cultural, economic, and political activities of the people,
socialism
6 dictionary results for: socialism
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
so·cial·ism /'so????l?z?m/ Pronunciation Key - Show Spelled
Pronunciation[soh-shuh-liz-uhm] Pronunciation Key - Show IPA Pronunciation
-noun 1. a theory or system of social organization that advocates the
vesting of the ownership and control of the means of production and
distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the
transition of a society to communism, characterized by the imperfect
implementation of collectivist principles.
communism
6 dictionary results for: communism
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
com·mu·nism /'k?my??n?z?m/ Pronunciation Key - Show Spelled
Pronunciation[kom-yuh-niz-uhm] Pronunciation Key - Show IPA Pronunciation
-noun 1. a theory or system of social organization based on the holding of
all property in common, actual ownership being ascribed to the community as
a whole or to the state.
2. (often initial capital letter) a system of social organization in
which all economic and social activity is controlled by a totalitarian state
dominated by a single and self-perpetuating political party.
DDUUUUHHHH
(PLONK)
Glenn
LOL!
>
> Nazi
>
> 5 dictionary results for: NAZI
> Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
> Na·zi /'n?tsi, 'nćt-/ Pronunciation Key - Show Spelled
> Pronunciation[naht-see, nat-] Pronunciation Key - Show IPA Pronunciation
> noun, plural -zis, adjective
> -noun 1. a member of the National Socialist German Workers' party of
> Germany, which in 1933, under Adolf Hitler, seized political control of
> the country, suppressing all opposition and establishing a dictatorship
> over all cultural, economic, and political activities of the people,
>
OK, now explain what THAT has to do with the point of the OP.
>
>
> socialism
>
> 6 dictionary results for: socialism
> Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
> so·cial·ism /'so????l?z?m/ Pronunciation Key - Show Spelled
> Pronunciation[soh-shuh-liz-uhm] Pronunciation Key - Show IPA Pronunciation
> -noun 1. a theory or system of social organization that advocates
> the vesting of the ownership and control of the means of production and
> distribution, of capital, land, etc., in the community as a whole.
> 2. procedure or practice in accordance with this theory.
> 3. (in Marxist theory) the stage following capitalism in the
> transition of a society to communism, characterized by the imperfect
> implementation of collectivist principles.
>
OK, now explain what THAT has to do with the point of the OP.
>
>
> communism
>
> 6 dictionary results for: communism
> Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
> com·mu·nism /'k?my??n?z?m/ Pronunciation Key - Show Spelled
> Pronunciation[kom-yuh-niz-uhm] Pronunciation Key - Show IPA Pronunciation
> -noun 1. a theory or system of social organization based on the holding
> of all property in common, actual ownership being ascribed to the
> community as a whole or to the state.
> 2. (often initial capital letter) a system of social organization
> in which all economic and social activity is controlled by a
> totalitarian state dominated by a single and self-perpetuating political
> party.
>
OK, now explain what THAT has to do with the point of the OP.
>
>
>
> DDUUUUHHHH
>
> (PLONK)
>
Again, vernono, you don't cite your sources, but it seems possible that
your source is some form of "media" which is controlled or regulated by
the government.
Still, vernono, you are so very ignorant that you could not comprehend
the point of the OP, which that Henry Paulson is supporting the
government bailout (spell that "buy out") of the subprime mortgages
which have defaulted...
Your first comment, which is irrational, illogical and exposed your
ignorance, was "Go to a doctor and get a brain, then an education."
Then you followed THAT with "It's ALL because of liberals (yes rich ones)"
Just how ignorant can a single idiot be? Are you SO UTTERLY IGNORANT
that you think the Subprime market was created and run by liberals?
What, there are no conservative bankers?
To which Matt replied; Quote:
Were the liberals in total power for 6 years. Bush is a
liberal?
After reading much have seen it is different parties same game.
End quote.
To which you have no reply!
Then, admitting that you made a false accusation based on a wrong
assumption, you continue to debate the meaning of terms (socialism,
communism, etc) WHICH HAVE NOTHING TO DO WITH THE ORIGINAL POST!
Oh, ignorance must be bliss, and you must be the most blissful idiot
posting to usenet!
I wonder, I really wonder, if such ignorance as you possess could be
displayed on America's Got Talent, perhaps you could get a few laughs
and win the million dollars!
Dr. House
> On Mon, 22 Sep 2008 11:31:47 -0700, Glenn <gamccl...@spiritone.com>
[...]
> My point in my first post is that since this whole mess is the result
> of greed and mismanagement, I do not think any help should be used to
> give the Managers or the stockholders more profits. Bonuses or
> dividends.
>
> It is going to happen as it already has with AIG. It should not go to
> any company that gives its CEO millions for failure.
Do you realize just how big this is? It might be 1929 all over again.
http://news.yahoo.com/s/afp/20080924/ts_afp/undiplomacyassembly
"World leaders demanded urgent steps to contain the global financial
crisis and a sweeping reform of multilateral institutions . . ."
and further down:
" . . . the world's financial meltdown took center stage, with UN
chief Ban Ki-moon stressing the need to 'restore order to the
international financial markets'."
This isn't about saving some corporation's profits or even punishing
those who made mistakes.
House
-... Matt ...
<hso...@hotmail.com> wrote:
>On Sep 23, 9:10锟絘m, -... Matt ... <trdell1...@SPAMgmail.com > wrote:
>> On Mon, 22 Sep 2008 11:31:47 -0700, Glenn <gamccl...@spiritone.com>
>
>[...]
>> My point in my first post is that since this whole mess is the result
>> of greed and mismanagement, 锟絀 do not think any help should be used to
>> give the Managers or the stockholders more profits. 锟紹onuses or
>> dividends.
>>
>> It is going to happen as it already has with AIG. 锟絀t should not go to
>> any company that gives its CEO millions for failure.
>
>Do you realize just how big this is? It might be 1929 all over again.
>
>http://news.yahoo.com/s/afp/20080924/ts_afp/undiplomacyassembly
>"World leaders demanded urgent steps to contain the global financial
>crisis and a sweeping reform of multilateral institutions . . ."
>
>and further down:
>
>" . . . the world's financial meltdown took center stage, with UN
>chief Ban Ki-moon stressing the need to 'restore order to the
>international financial markets'."
>
>
>This isn't about saving some corporation's profits or even punishing
>those who made mistakes.
>
>
>House
I'm not saying don't do anything. No it is not about punishing and it
also not about rewarding greed and failure.
I would also not want this done without close supervision. Not in any
one mans hand at all.
For them to need 700 bil then this has been getting bad longer than
most government people would admit or dared to.
Matt
Dr. House
> On Tue, 23 Sep 2008 22:32:58 -0700 (PDT), "Dr. House"
>
>
>
>
>
> >On Sep 23, 9:10 am, -... Matt ... <trdell1...@SPAMgmail.com > wrote:
> >> On Mon, 22 Sep 2008 11:31:47 -0700, Glenn <gamccl...@spiritone.com>
>
> >[...]
> >> My point in my first post is that since this whole mess is the result
> >> give the Managers or the stockholders more profits. Bonuses or
> >> dividends.
>
> >> It is going to happen as it already has with AIG. It should not go to
> >> any company that gives its CEO millions for failure.
>
> >Do you realize just how big this is? It might be 1929 all over again.
>
> >http://news.yahoo.com/s/afp/20080924/ts_afp/undiplomacyassembly
> >"World leaders demanded urgent steps to contain the global financial
> >crisis and a sweeping reform of multilateral institutions . . ."
>
> >and further down:
>
> >" . . . the world's financial meltdown took center stage, with UN
> >chief Ban Ki-moon stressing the need to 'restore order to the
> >international financial markets'."
>
> >This isn't about saving some corporation's profits or even punishing
> >those who made mistakes.
>
> >House
>
> I'm not saying don't do anything. No it is not about punishing and it
> also not about rewarding greed and failure.
>
> I would also not want this done without close supervision. Not in any
> one mans hand at all.
Well it's not like the politicians are going to get it right no mater
how long they bicker about it. However if they wait too long then
it's will be too late and then we are all going to be in very tough
times.
> For them to need 700 bil then this has been getting bad longer than
> most government people would admit or dared to.
700 bil is just the tip of the iceberg but you are quite right. Our
grandparents decided that _their_ grandchildren would deal with the
mess. :(
House