| Sep 29 @ 1:09 PM |
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lacyvsq
Posts: 4,304
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Wouldn't you think that with an 'economic crisis' our leaders should take time to consider what the best moves would be? No, rather the House has declared 'martial law' -- a suspension of the rule that says that legislation must be available for review for a day before a vote is called.
Instead, the House must vote today on any legislation brought before it -- without even a chance to read the possibly hundreds of pages contained within it.
The Blackmailing of a Nation
Rule to Waive the Rules
Prior use of House Martial Law
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| Sep 29 @ 2:34 PM |
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Gallows_Humor
Posts: 8,063
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lacy..in this "financial times" every day that passes without the government doing something constructive is a day of uncertainty for the american financial comunity..
WaMu was in deep shit.. without the bail out package.. the federal deposit insurance ( ponzi) scheme would be exposed for what it has become... worthless..
wachovia was just bought out by citybank... who stands now to profit by this bailout as written... ..by selling off questionable portofolio's for more money that what they normally would get.. 
the american people think that the action was to save the world as we know it.. the reality is ...that there are pretty much only the big three banks now..
bofa.. jpmorgan/chase.. and citygroup..
is this a good thing??
beats the hell out of me....
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| Sep 29 @ 2:38 PM |
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Gman762
Posts: 3,291
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This is precisely how the Demiturds intend to stick all sorts of earmark spending, slush funds and other slippery projects (like ACORN funding) into the bill.
It comes as no surprise that Nancy Pelutsky would do this... 
At least there were enough "Americans" in Congress that actually had a conscience to vote it down...Thank GOD! 
[Edited on 9/29/2008 2:40 PM]
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| Sep 29 @ 2:40 PM |
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Gallows_Humor
Posts: 8,063
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again....another dufuss post ^^^.. reality is that the funds were going into a trust account.. the republicans balked at that..and cried wolf...Acorn is a red herring... just where are the funds going now??
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| Sep 29 @ 2:43 PM |
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Gman762
Posts: 3,291
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LOLOL...the slippery old Demiturds will try to get their slush funding and ACORN funding somewhere and make the American taxpayers foot the bill. That's a given...
It will be interesting to finally see the fine print of what was in the defeated bill. That is, if Nancy Pelutsky will allow the details to see the light of day...and I seriously doubt that 
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| Sep 29 @ 2:54 PM |
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Gallows_Humor
Posts: 8,063
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I see nothing but a ^^^parrot^^^ squawking out the same bs that his party taught him...
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| Sep 29 @ 2:56 PM |
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graywolf
Posts: 40,100
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Well Gallows I'm an independent and also interested to see the language that was in the bill. 
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| Sep 29 @ 3:01 PM |
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lacyvsq
Posts: 4,304
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It will be interesting to see just how many Republicans go along with whatever is proposed and shrug their shoulders as if there was no other option for them. I have a strong suspicion that opinions on this bailout do not fall so much along party lines as along pay-off lines.
I would like to see every representative who goes along with this heavy-handed process kicked out in the up-coming elections. What kind of representation can our congressmen give us if we are not allowed to give our opinions on the bills and even they are not given adequate time to review them.
This economic crisis was not created in a day and neither should Congress be trying to fix it in a day. Of course I firmly believe the whole housing bubble/financial collapse/bailout is part of a plan and has been building according to plan for some time and is not the emergency it is being played as.
And, what the American economy, and its people, are not even close to being prepared for is how both China and Russia are going to be dealing with the new “Peoples Republic of Wall Street” in demanding their debts be paid immediately in full.
One particularly crushing response to the United States current crisis circulating in the Kremlin today, written by Alexander Dugin, described as the “New sage of the Kremlin”, advocates the combining of both Russia’s nearly $500 billion and China’s 20,000 tons [est.]gold reserves to back a new gold-backed Eurasian Currency modeled on the Euro, and which if implemented would ‘shock’ the American dollar to such an extent that it would cease exist on International markets.
This report further notes that the United States is already preparing for such a response from Russia and China by this past weeks invoking of the Gold Reserve Act of 1934 by the US Government in a desperate move to protect their money markets for the first time since the Great Depression, and of which the vast majority of Americans remain oblivious to the fact that their personal gold holdings can still be confiscated by their officials at anytime of their choosing despite the 1975 laws allowing these people to own gold again.
In all of these events, and as we have mentioned many times before, the greatest enemy of these American people appears to be their own ignorance as they, seemingly, have absolutely no idea on how to protect themselves, but which even Russian schoolchildren knows is the exchanging of a collapsing currency for one that is doing better, and which millions of ordinary Russians did during the collapse of the Soviet economy by purchasing American Express Travelers Cheques in US Dollars and British Pound Sterling.
To whatever becomes of these American people entering what is, in essence, a Third World Economy, it remains a main fact that they continue to ignore the many warnings from outside their country of the many catastrophes still to come, even to their false bravado of laughing these warnings off as they plunge into the abyss.
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| Sep 29 @ 3:06 PM |
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CPUfan
Posts: 3,396
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I'd love to hear if the bailout was configured to help anything other than banks, Gray.
Hmmm welfare for banks is OK as long as it extends to homeowners who got caught in their rollers? I think you're wondering the same thing Lacy.
That's what's happening across the pond... Our biggest building society Bradford and Bingley - a local outfit - got a bailout this week. Now I don't agree with nationalisation (typical socialist remedy) but at least it preserves the shareholders and the homeowners who are breaking under the current financial crash... through no fault of THEIR OWN... 
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| Sep 29 @ 3:09 PM |
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Heaveninawildflower
Posts: 15,333
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Here ya go Gray
Financial Markets Bill text
CPU - amendments in Sec. 124 cover help for homeowners
Trouble is that the whole thing is still going to be Greek to most of us.
[Edited on 9/29/2008 3:11 PM]
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| Sep 29 @ 3:09 PM |
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lacyvsq
Posts: 4,304
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Oops...guess I missed the news that the bailout failed...
I'm glad the tactic did not work.
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| Sep 29 @ 3:11 PM |
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graywolf
Posts: 40,100
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Thanks Heaven, 
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| Sep 29 @ 3:20 PM |
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lefthandedluckie
Posts: 5,081
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The bill George wanted to shove down the American tax payers throat....failed!  
Now, Bush will see his Presidency go down with Herbert Hoover's that was embellished by the Stock Market Crash of '29!
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| Sep 29 @ 3:23 PM |
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CPUfan
Posts: 3,396
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Heaven... Yes the bill was rejected. We have something similar with our two Houses in the UK (yours isn't full of Lords of course!)... And actually sometimes a rejection gives real food for thought before submitting again... something to chew on.
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| Sep 29 @ 11:15 PM |
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lefthandedluckie
Posts: 5,081
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Seems the voters of this country have flexed their muscle! And the republicans and Democrats have listened! Bye Georgie! 
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| Sep 29 @ 11:33 PM |
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Novalite
Posts: 3,093
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Left Seems the voters of this country have flexed their muscle! And the republicans and Democrats have listened! Bye Georgie!
You voted against a democrat bill? On which thread?
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| Sep 29 @ 11:55 PM |
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lefthandedluckie
Posts: 5,081
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Seems there is more delusional people than just gaman,vinny,iam!
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| Sep 30 @ 12:08 AM |
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Novalite
Posts: 3,093
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Left Seems there is more delusional people than just gaman,vinny,iam!
No quacking! Some fools think they can vote here on the forums!
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| Sep 30 @ 12:13 AM |
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lefthandedluckie
Posts: 5,081
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^^^^^^^^canadians can't vote in the U.S. as they are illegal aliens!
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| Sep 30 @ 12:15 AM |
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Novalite
Posts: 3,093
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Of course not silly boy. We can participate in forums though. I might even convince you to get out and vote.
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