Why America’s Anger Against Congress is Misguided, Misdirected & Misinformed JS Kim Uncovers Four Parallel Markets for Gold: Asia Futures, NY Futures, Physical Bullion, Physical Coins

Why the $850 Billion Bailout Plan is Still the Biggest Robbery of the 21st Century

October 2nd, 2008

October 2, 2008

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There really is nothing more for me to add here to what this US Congresswoman says in this video.

More on this topic (What's this?)
Calls to Congressmen Running in Favor of Bailout Bill (naked capitalism, 9/30/08)
Tim Duy: Economy Downshifting, Bailout or No (naked capitalism, 9/26/08)
Bail Out, not Bailout (Financial Armageddon, 9/18/08)
Andy Kessler: WSJ: Clean Up Print (Blogging the Commodity Bull Market, 9/27/08)
Read more on 2008 Financial Crisis at Wikinvest

Entry Filed under: The Peak Investment Crisis & Stock Market Crash

4 Comments Add your own

  • 1. New Voice Against the Bai&hellip  |  October 5th, 2008 at 11:01 pm

    [...] Found at the Underground Investor blog: [...]

  • 2. Truth08  |  October 5th, 2008 at 11:04 pm

    I had never heard of her before. Thanks for showing this

    The Truth Shall Set You Free - New Voice Against the Bailout

  • 3. J.S.  |  October 6th, 2008 at 11:04 am

    Hello Truth08, because the financial media has now been bought out by big banks and Wall Street, it is no surprise that any dissent to the bailout plan has been censored by the mainstream media.

    Have you read of Chomsky’s or Bagdikian’s Manufacturing Consent that describes how media filters work?

    -JS

  • 4. Greg Solovyev  |  October 11th, 2008 at 10:25 am

    Just read the bill. Wow! So… Greenspan opened the mouse trap and set it up with the low interest rates (read “bait”), and ARMs. The mice (I mean, americans) got in (i.e. bought real estate). And now mr. Paulson closed the trap, and we are in it for life. The Fed and their “designated institutions” will take ownership of all these mortgages, restructure them in such a way that every one pays them as much as they can for as long as they can. They will offer you a choice foreclosure or lower paiments for a longer time. If you want to keep yoru overvalued house, you can keep it, but you will give them all your money for the rest of your life. In other words - they will own everyone who has a mortgage on their own terms. Welcome to the subtle dictatorship.

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