dax

I heard this on news yesterday evening. The FBI started to look into emails, documents, etc. the bank employees were exchanging already by the end of 2006 regarding the financial products and their investments. "We are creating a monster. I hope we'll be rich and retired when this will bust". So they were aware of what they're doing but the greed didn't stop them. At the moment when the bonuses and the champagne were on Wall Street, we weren't invited at the party. Today, we are asked to pay the bill. Paulson nationalized Fannie & Freddie the other day saying he will stabilize the system. Did it work? No sir. Does he have any credibility? No sir. Is he having friends on Wall Street? Yes sir. Call your senators, participate in the polls, send this to your friends and say NO to this intellectual fraud which they're are calling 'saving the system' if you believe it is such: a fraud.

They are trying to pass this through Senat now. Don't give up and call your senators if you think this isn't fair, as I do. Send this to your friends and ask them to do the same. Here is what to do and the list of senators' office phone numbers. http://globaleconomicanalysis.blogspot.com...e-in-house.html Participate in this poll and stop this madness. It won't create a single job; these are losts money US won't have for something else. Supporting moribond institutions is not the smartest thing to do these days. http://www.cnbc.com/id/26945250%20

We don't know, but that's an option, for sure. Why those people, with billions of $ in their accounts asking for a bailout on other individual's money invoking is good for everybody as the government will recover toxic assets as they will grow in value over time, don't put their own money at work? They will make a good deal based on what they're saying, right? Well, I think they don't really believe it! Thos papers are iliquid and toxic because nobody wants those; their market value is a big ZERO.

I'm not sure about that. For now, we have deflation (prices go down). What they're trying to do is inflate, but I think 700$ billions is far from enough. It will just patch the black wholes banks have on their balance sheets. It will do nothing to the economy. Inflation will be later, after 10 other Paulson plans. This is the first in a series. But the point I'm defending here is the plan is not fair, it creates no jobs, it doesn't help the economy. It's stupid to buy 'illiquid assets' and pump money into moribond institutions (they will die anyway, just that it will be within a year). In the meantime, you spent hundreds of billions for nothing. So then, call you senator TODAY and say NO to this if you think is bad and of no use for the economy.

No authority in the world can stop recessions. There is no such thing as infinite growth. There are economic cycles, and the economists demonstrated it. It looks to me that all sorts of "Acts" are the root cause of this plus the micromanagement of interests rates by the FED, which created cheap money. Look at them now trying to do something, even if nobody knows what to do. Actually, all they are trying to do is postpone Armageddon; the storm is still out there and will hit even harder. More they do, more damage will be. That's why all those companies need to go under. They proven criminal, liars, greed. Instead what they are trying to do is pump even more money in these blackwholes! This is insane. Bad management, go away. Capitalism has failure as alternative; we use to give a prize even to those who didn't diserve it these days. Failure is not an option anymore. This is utopia and complete disaster. And we will pay for those. 1930 is back in worse. Coming years will be bloodbath, we'll all suffer. But there is no reason to give even more credit and more money to banks who created the problems. I saw yestarday the salaries of these CEOs in the last 3 years; those are numbers with 9 digits. I guess they will make it through recession much better than the rest of us. What they are asking now is spend their 2008 Christamas on their yachts; they don't want to leave them. That's too easy I think.

Hi, As some of you know, the US Congress is preparing a big check (700$ billions) for bailing out Wall Street banks saying otherwise there is a possible threat to US economy. The US economy and world economy actually will go through a contraction in the coming years anyway, and this is mainly because of the mess big banks, the FED and US Treasury created using cheap credit, inflating house prices, greed. Those banks need to take their medicine because they are ill; house prices need to go down so that people can afford them again. If left alone, a free market will eventually do that. But US Treasury wants to stop that so banks don't suffer losses. In the same time, because of houses are still to expensive, people don't buy them. Revenues are down, unemployment is soaring. No authority in the world can stop a recession. It's not fare for those who created the mess to get away with a big check of 700$ billions. We will suffer, but they don't have to be saved. Capitalism is not suppose to work like that. If you live in US, here is how you can stop this fiscal insanity. Call you senator NOW and say NO to the bailout with your own words! http://globaleconomicanalysis.blogspot.com...-sells-out.html If you agree with me, send this to your friends too.

Impressive!