Monday, September 29, 2008
NEXT CHAPTER OF THE BAILOUT DEBACLE:::: ( I worry that Mainstreet is already taking the hit for all of this...)
I don't know about you....but in my gut I am worried...Like 3 AM worried...Like are we being Duped ? and HOW badly ? and HOW badly have they fucked things up ? I want to KNOW and WHY has the MSM not mentioned even ONCE the FBI Investigations in days?? I know the World is needing to see Some Action taken...and Some Response ? but on another level I am worried about our homes, retirement accounts, savings etc....HOW badly have the Fat Cats misbehaved ? I will post updates through the day. I am not trying to panic or fearmonger..I am just expressing some thoughts...Either way I will keep posting relevant Information as I try to learn more and share it with you....We are all in this together...( song linked to the title).
"If this is not going to be welfare for Wall Street, then my inclination is to support it because I think Main Street is now at stake," Obama said on CBS' "Face the Nation." "This could affect every sector of the economy." I have a feeling it ALREADY has effected Mainstreet and will continue to do so...
FIRST THE ACTUAL NEW PROPOSED BAILOUT 110pages. try linking here and also you can leave Comments.
4 AM Update::
This NYT article will make you take pause.... And then there's Robert Reich's Post about it on his own Blog, he is pretty wise, which is why he was in Clinton's Cabinet.
And this Mother Jones Article Explains alot of Background about the Bailout.
Bradford and Bingley ( HUGE UK Bank , Lender) seized by UK Govt read more, we need to read more. Fortis in Belgium, Holland, and this Seizure we would be smart to read about HOW it works, as these Nationalized Banks might teach us what we need to do.
( the post from last night has about FORTIS).
Under New Proposed Plan Paulson will still have too much unparalleled power. ( LA Times),
I mean let's be real...This Titannical Regime has ruined another Country and ruined WHOLE cities here with their blundering dangerous ineptitude, and NOW the Economy .....At this point it is not about even about rearranging the Deck Chairs, it is about that there are not enough Life Boats....and what if it is Just Lifeboats for the Fat Cats ? I want to know.
In the Meantime...Monday Music...."Hold On, Hold Out" Jackson Browne...or you can listen to Stay....
"People you've got the power over what we do ,
You can sit there and wait or you can pull us through" [From "Stay"]