Why the $850 Billion Bailout Plan is Still the Biggest Robbery of the 21st Century
October 2, 2008
There really is nothing more for me to add here to what this US Congresswoman says in this video.
Posted: Thursday, October 2nd, 2008 @ 4:41 pm
Categories: The Peak Investment Crisis & Stock Market Crash.
Tags: dollar crisis, financial crisis, stock market crash, Wall Street bailout.
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October 5th, 2008 at 11:01 pm
[...] Found at the Underground Investor blog: [...]
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
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
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.