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hotbrownsauce
11-05-2008, 02:36 AM
http://www.washingtonwatch.com/blog/2008/10/23/bailout-scandal-undisclosed-sums-paid-to-ny-mellon-bank/
http://www.washingtonwatch.com/blog/wp-content/uploads/2008/10/contract.jpg

The amount to be paid the bank in the contract posted to the Web is blacked out.

That’s transparency? That lets us do oversight?



http://ap.google.com/article/ALeqM5gdxImPfgsyFSMH5OMxs6D-Bg4rGQD941J5780

reports surfaced that bankers might instead use the money to buy other banks, pay dividends, give employees a raise and executives a bonus, or just sit on it. Insurance companies now want a piece; maybe automakers, too, even though Congress has approved $25 billion in low-interest loans for them.
(More inside)

On the house floor Brad Sherman says congress was threatened that there will be Martial Law if the 700 bailout bill isn't passed.
Video
http://www.youtube.com/watch?v=HaG9d_4zij8

Rep Burgess says he was kicked out more times ever than before in the 24 hours before he spoke in the following video. He also mentioned martial law all while he goes OFF
video
http://www.youtube.com/watch?v=_oxIsniQ9V4

More about how martial law is declared and the law was created
video
http://www.youtube.com/watch?v=P1qOMCBLIB0

HOLLYWOOD
11-05-2008, 03:07 AM
Visitor Comments for Bailout Scandal: Undisclosed Sums Paid to NY Mellon Bank

I love the comments/posters to the article.

akihabro
11-05-2008, 03:49 AM
Martial law? WOW. I think I need to pay this congressman a visit if possible. He's not too far from me. Yah I'm still learning about economics but I was so happy to see that the bill didn't pass the first time. I literally watched the votes on CSPAN. It just didn't make sense to me. I worked as a loan officer.
Investing in banks doesn't help anyone but banks. I'm not surprised to read dirt about this bailout anymore. And look the market has been a roller coaster since it was passed. How wrong is it that malinvested banks and others have such a strong grip on our economy and treasury. My ethic values are way too high; I would admit my faults and suffer the consequences. How dare Paulson, Bernanke and others!

hotbrownsauce
11-05-2008, 05:51 AM
Yeah, all of us here felt a pseudo sigh of relief that was very short lived because the evils that be decided to pass it through the senate first even though the constitution doesn't give the senate that power. (Ron Paul and others filed a lawsuit in the 80's against the senate who wrote a tax law. It was dismissed as not having "standing ground".) Ron Paul could have stopped this in the 80's and he would have never known! But instead the case was thrown out and the deterioration of our laws continue in a snowball fashion.