
home people blogs forums events quizzes videos chat tags adult dating sponsors help

Already a member? Click here to sign in!

Bailout... I smell some rats.

posted 9/24/2008 12:29:54 PM |

3 kudos

what's this?

report abuse

tagged: economy, fraud

chatillion

AIG is the insurance company who insures the mortgage companies...
WHY are we being asked to not only bail out AIG, but all the lenders who they insure ??

Think about that for a moment.

Think about it again...

An insurance company who is covering companies who have had fraudulent dealings needs our help. So, we are getting ready to sell our freedom to bail out the insurance companies AND their clients.

Something is really wrong here. Make the mortgage companies renegotiate their loans. You're dishonest? Put people BACK into the houses they have lost by default. Do it now.

Giving $700 BILLION without restraint, without recourse, without any court in the land being able to review (should fraud be suspected) having no say how this money gets spent, having no representation by Citizens of The United States say-so is NOT a plan... it's a ransom note !

I'm shouting FRAUD.

How do we pay for this? Simple... taxation. Unless they have some other wonderful plan.

Tell your children to forget about retirement funds.

Fasten your seatbelts, it's gonna get pretty bumpy...

Copy & paste to friend: (Click inside box; Ctrl + C to copy; Ctrl + V to paste)

read more blogs!

Blogs by chatillion:

My Dad's Cars... The 1958 Ford Edsel

Black Cat... thank you !

Bailout Package... open wide.

Bailout Plan...

Goodbye Paul Newman...

Bailout... I smell some rats.

I blog for a friend...

Born... in the USA

Rumor Hotline Blog©... You can quote me on this...

BAILOUT...

Comments:

post a comment!

ragtopcookie	Sep 24 @ 12:43PM
	From what im reading and hearing.....the republicans...including the president ...just wants to hand over the money for the bail out....its the democrats that want restrictions on how its being done....i too am keeping a close eye on whats happening.....stay tuned tax payers........cookie

hereshannon	Sep 24 @ 1:00PM
	You got that right partner! The idea of giving 700 billion dollars to an insurance company and banks is cause for great concern. Especially with the likes of Bush and Cheney in the Captains seat. I agree, these people should be put back in their homes and allowed to pay a fair rate that is based on their income. The insurance industry is just a bunch of bottom feeding rodents. If they want to make money insuring mortgage companies then they should dam well be able to pay when the companies go under. The tax payers should not have to pick up the tab for corporate millionaires.

warmc	Sep 24 @ 1:09PM
	I smell a big rat and I think like everyone else that as commented so far

vinnytmd	Sep 24 @ 1:27PM
	From what im reading and hearing.....the republicans...including the president ...just wants to hand over the money for the bail out....its the democrats that want restrictions on how its being done....i too am keeping a close eye on whats happening.....stay tuned tax payers........cookie Rather than get paranoid and go Jerry Springer on this why don't you all try to read what REALLY happened. The US Treasury owns 80% of the stock in this company now. They could very well make a bloody fortune on this. While this practice (Gov't profiting on the stock market) is questionable, it is a smart move as it stabilizes the credit stream. AIG is not only an insurance company. That idea is pure ignorance. The Democrats, including Obama immediately approved this move. If you are not willing to read what really happened you may want to ignore current events like this. There is no benefit in telling falsehoods and getting people more scared than they are.

sarina543	Sep 24 @ 1:30PM
	Here is my question, I have asked it of my father who spends alot of time watching all of the news shows and he says he has not seen anything about my question, but it is an interesting point. Ready?!!!! when Fanny and Freddie started to go under it was important but not crucial that they get help. There was time for negotation, and planning on the part of the government to maybe fix this. When it was AIG it had to be fixed now. Bail them out and make it better now. Is it asfe to assume all of these folks (including but not limited to Mr. Bush) have bet the farm on AIG. Are some very important people fixin to lose everything because of this. How many of our congress and senate hold huge pieces of this company and might lose everything? Did Bush and countless others in power use some kind of inside info to buy into it and now they are in a panic? Has anyone got any answers to this. I have heard some speculation but no real answers.

chatillion	Sep 24 @ 2:03PM
	vinnytmd said: The Democrats, including Obama immediately approved this move. Was it >> THIS LINK << Vinny? Associated Press said: So far, neither McCain nor Obama has indicated how they would vote on the measure.

lizardlicks	Sep 24 @ 2:34PM
	In 20 years of banking with my banks I have only had 1 mistake and it was on a deposit I cant remember for sure but I think it was my fault filling out the deposit slip. This 750 billion in mistakes is just not believeable THANK GOD for the F.B.I. They' ll catch the crocks I'm sure

SallyF	Sep 24 @ 2:41PM
	The expensive after-shave lotions cannot cover the stench of these dealings

malexand	Sep 24 @ 4:34PM
	There is a reason why people can't afford to pay for the houses they live in. They don't make enough money. Why let them stay in these big houses? Make them move to smaller ones that they can afford. To me they are no better than the common thief if they are helped by the government. They will be stealing the hard-earned money from people like me that can control their spending habbits and live conservatively. You know what's coming next. Real high taxes to pay for all this foolishness and the loans (remember the stimulus package) that you received earlier this year. Better hurry up and learn a foreign language, because this country it dying and for sale. Cheap!

hoftner	Sep 24 @ 4:43PM
	~word~...I guess socialism;only works for the very wealthy! (think about that) lol

ttomtarr	Sep 24 @ 4:54PM
	I would say a vast amount has been stolen from the tax payer in the past two bush administrations. And now, on his way out, he wants to give away anything that is left, cash or credit. [QUOTE]it is a smart move [QUOTE] Who do you know who got rich buying up bad debts? Wall paper is what they would be buying.

chatillion	Sep 24 @ 6:15PM
	Barack said >> THIS <<

daisy315	Sep 24 @ 6:21PM
	well.. since some of the House Republicans are opposed to the massive bailout, seems they finally realise the fox has been guarding the henhouse far too long

post a comment!

| | | | | | | | |