Yet Another Freaking Bailout

[jave27]

Just posted the summary here of the GM/Chrysler bailout here (http://endthebailouts.com/2008/10/28/yet-another-freaking-bailout/).

And here's the original Reuter's article: http://www.reuters.com/article/privateEquity/idUSN2735677620081028.

What's another $10 billion among friends?

[RonPaulR3VOLUTION]

Companies start competing for bailout money

Insurance firms, auto companies and foreign banks petition for part of $700 billion bailout

http://biz.yahoo.com/ap/081025/bailout_bonanza.html

http://www.tickerforum.org/cgi-ticker/akcs-www?post=68803

===========================

Korea Development Bank to Sell Short-Term Debt to Fed

Oct. 28 (Bloomberg) -- Korea Development Bank was approved by the Federal Reserve to sell as much as $830 million of commercial paper to the U.S. central bank.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aH.7.EElweAU&refer=home

http://www.tickerforum.org/cgi-ticker/akcs-www?post=69066

[heavenlyboy34]

OMFG!! Someone stop the madness!! :eek:

[kathy88]

I have been away from the board a little while, I read when I can, but life has gotten busy and it distracts me from being productive in many ways too much. I had a minor surgery yesterday and find some down time on my hands, and I'm trying to catch up. I'm not reading too much on here that is very heartening. This particular post just raised my blood pressure 40 points. I just can't wait for this election to be over. I am isck to death of listening to idiots (IRL) reciting "facts" ala the MSM. One briht spot in my week so far. The nurse who prepped me for my surgery was a big RP fan, and I told her about the CFL and she is going to get involved and knows others who will be interested.

[awake]

This new system of bailouts is much more efficient for the corporations and banks. It cuts out the middle man (you).

[rockjoa]

Got a company you drove into ground?
If it’s big enough you'll still be around.
Paulson passed a plunder,
To cover up Bernanke's blunder.
Screw the market of the free,
Let the big risky ones be!
They should be tried for fraud,
But they will continue moving jobs abroad.
Too big to be failing,
So let Americans do the bailing!

[moostraks]

Read through the article closely because they also want: "Now, in addition to taking a stake in what would be the world's largest automaker by volume, the U.S. government is also being asked to provide support by taking over some $3 billion in pension obligations, the first source said."

Wasn't someone here just mentioning government takeover of pension plans? Ala Argentina-like?http://www.financialpost.com/story.html?id=898131

Yep...found it:http://www.ronpaulforums.com/showthread.php?t=164510&highlight=government+pension+plans&page=2

ForrestLayne:
Quote:
Originally Posted by Truth Warrior
What happens when just the annual INTEREST on the national debt exceeds the total in taxes collected?

TPTB will simply take the private pensions like Argentina is doing this week

http://www.bloomberg.com/apps/news?p...d=angWMFuN6I0Y

Oct. 23 (Bloomberg)
Argentina's government plans to seize $29 billion in pension funds to meet the country's financing needs, a move that may presage the nation's second default in a decade. The MSCI Emerging Markets Index lost 3.3 percent today and is off 59 percent for the year.
__________________

Looks like you get the cookie for being the first mouse with the cheese :D

Looks like we will start with the going to default plans and just work our way out from there...

[TruthAtLast]

OMFG!! Someone stop the madness!! :eek:

Only when they run out of ink. ;)

It is appearing more and more politicians are also trying to choose the lesser of two evils.

In their mind they were elected to do "SOMETHING" so if they have a recession in one hand and inflation in the other, they'll take inflation because like always they just figure that problem can be dealt with some time in the future. They just haven't considered that the hyper-inflation that is coming will guarantee something MUCH worse than a recession.

Seems to be 4 type of people in Congress:

Some have good intentions and are either intimidated by constituents & party members or ignorant to the long term effects of their actions.
Others in Congress have been waiting their whole life to pursue their own crazy socialist/marxist agenda and don't give a shit who they have to take down to make it happen; they just have a different view of the world.
There are the most dangerous type of people that know EXACTLY what they are doing and have an even more sinister agenda to PURPOSELY devalue the dollar to set the stage for a one world currency, and eventually a one world government.
Then there are those that know what is happening and are trying to stop it, but no one listens to these people. They are the "radicals" that don't know what they are talking about.

[mconder]

Companies start competing for bailout money

He who is the worst capatalist wins!

[HOLLYWOOD]

Read through the article closely because they also want: "Now, in addition to taking a stake in what would be the world's largest automaker by volume, the U.S. government is also being asked to provide support by taking over some $3 billion in pension obligations, the first source said."

Wasn't someone here just mentioning government takeover of pension plans? Ala Argentina-like?http://www.financialpost.com/story.html?id=898131

Yep...found it:http://www.ronpaulforums.com/showthread.php?t=164510&highlight=government+pension+plans&page=2

ForrestLayne:
__________________

Looks like you get the cookie for being the first mouse with the cheese :D

Looks like we will start with the going to default plans and just work our way out from there...

DEVIL is ALWAYS in the DETAILS!

It's blatantly Obvious Government represents the people 5% of the time and money and 95% Corporations, Wealth, Elitists, & Zionists.

What a INSULTING JOKE this government has become.