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Bail Out
It seems like I quote a lot here but there is much more to the post -- all of it critical information. So make the leap to Randi Rodhes to see the beginning of a plan for worker resistance to the big thieves bail out of their friends family and class. Remember there is class warfare and the working class has been losing since Clinton left office.
From RR here:
There will be a bail out of both foreign and domestic banks with your tax dollars, and all of this will happened without REGULATIONS or OVERSIGHT .
THE REAL SOLUTION IS THE ONE YOU KNOW. If the markets were regulated NOW and Mortgage holders would be permitted to renegotiate the principal on their home loans this would STOP dead in it's tracks. Every individual with a bad loan could offer to pay 60 cents on the dollar, more or less and keep their home.
If we could make deals with credit card companies to settle our debts this would stop now because we'd have more money in our pockets to prop up the Economy.
If we raised taxes on Billionaires who created this mess and forced them to pay for this, This would stop NOW.
If we lowered taxes on Small Businesses and gave them low cost inventory loans THIS WOULD STOP NOW.
If we lowered taxes on everyone making less than 2M a year, and raised taxes through the roof on those who had profits of over $10 Million this would stop NOW. Small businesses would pop up all over America and people could go back to work, small business would flourish and the taxes we pay at the lower rates would pay down the DEBT.
If we left Iraq NOW we would add 10 Billion a MONTH to the Treasury.
This Government Bailout of banks BEFORE they fail, including FOREIGN BANKS with Taxpayer dollars is PRE EMPTIVE FINANCIAL WAR on the American People. It is the last part of Shock and Awe.
DO NOT SIT IDLY BY. Demand that this stop. DEAD COLD.
What we need and want is REREGULATION of FINANCIAL INSTITUTIONS .
Give Homeowners the ability to negotiate home loans, car loans, credit card debt .
Set up a Resolution Trust Corporation to buy back homes we can't afford to keep with a Board of Directors to monitor all purchases and sales.
Immediately force Financial Institutions to stop paying dividends to shareholders.
Sell the hard assets of failed financial institutions, offices, buildings, computers, desks, any real property they owned.
Oversight on the entire Bailout process through a Board of Directors to oversee any acution of company assets.
Charge CEOs with fraud and levy huge fines on those who profited from Fraud and Misery.
Enact a law that states that a CEO can not make more than 144 times the amount the lowest paid worker makes.
Ban NO BID contracts with shadowy people who for a profit will price and sell assets, loans, banks.
Secretary of the Treasury Henry Paulson Former CEO of Goldman Sachs must NOT be left alone, unregulated in this process.
THIS IS PRE EMPTIVE FINANCIAL WAR ON THE AMERICAN PEOPLE. http://www.washingtonpost.com/wp-dyn/content/article/2008/09/20/
AR2008092001059_pf.html
From RR here:
There will be a bail out of both foreign and domestic banks with your tax dollars, and all of this will happened without REGULATIONS or OVERSIGHT .
THE REAL SOLUTION IS THE ONE YOU KNOW. If the markets were regulated NOW and Mortgage holders would be permitted to renegotiate the principal on their home loans this would STOP dead in it's tracks. Every individual with a bad loan could offer to pay 60 cents on the dollar, more or less and keep their home.
If we could make deals with credit card companies to settle our debts this would stop now because we'd have more money in our pockets to prop up the Economy.
If we raised taxes on Billionaires who created this mess and forced them to pay for this, This would stop NOW.
If we lowered taxes on Small Businesses and gave them low cost inventory loans THIS WOULD STOP NOW.
If we lowered taxes on everyone making less than 2M a year, and raised taxes through the roof on those who had profits of over $10 Million this would stop NOW. Small businesses would pop up all over America and people could go back to work, small business would flourish and the taxes we pay at the lower rates would pay down the DEBT.
If we left Iraq NOW we would add 10 Billion a MONTH to the Treasury.
This Government Bailout of banks BEFORE they fail, including FOREIGN BANKS with Taxpayer dollars is PRE EMPTIVE FINANCIAL WAR on the American People. It is the last part of Shock and Awe.
DO NOT SIT IDLY BY. Demand that this stop. DEAD COLD.
What we need and want is REREGULATION of FINANCIAL INSTITUTIONS .
Give Homeowners the ability to negotiate home loans, car loans, credit card debt .
Set up a Resolution Trust Corporation to buy back homes we can't afford to keep with a Board of Directors to monitor all purchases and sales.
Immediately force Financial Institutions to stop paying dividends to shareholders.
Sell the hard assets of failed financial institutions, offices, buildings, computers, desks, any real property they owned.
Oversight on the entire Bailout process through a Board of Directors to oversee any acution of company assets.
Charge CEOs with fraud and levy huge fines on those who profited from Fraud and Misery.
Enact a law that states that a CEO can not make more than 144 times the amount the lowest paid worker makes.
Ban NO BID contracts with shadowy people who for a profit will price and sell assets, loans, banks.
Secretary of the Treasury Henry Paulson Former CEO of Goldman Sachs must NOT be left alone, unregulated in this process.
THIS IS PRE EMPTIVE FINANCIAL WAR ON THE AMERICAN PEOPLE. http://www.washingtonpost.com/wp-dyn/content/article/2008/09/20/
AR2008092001059_pf.html
posted by Greenconsciousness
at 8:44 AM - Link
2 Comments:
Well being so damn poor that we have already been living in a depression for years with the rest of the underclass,
other than job loss, we pretty much have it set to survive on the streets [sad huh], LOL,
but it Is really irritating when I have been reading Nothing on Right Wing blogs except how its
the poor's fault, the 'entitlement' programs [blaming poor of course and you know, all those slutty women with kids in the chauvinist mind of so many of them] and some are even willing to go as far to
blame the Mexicans and Blacks.
Its just UNREAL,
well, no its NOT unreal, guess its to be expected, but I did find that a tad interesting. The shock is the other thing,
this has been in the works for a very long, long time--the poor have been saying for years that its only a matter of time till the bottom falls out. We live on a paper society, no economic substance, everything is credit,
and what the Rich/or middle class don't get--its NOT just the credit to buy 'things', those wants, oh no,
so many people are living on credit to make UP for what they aren't making in wages and then that credit doubles and they are bankrupt, but with no relief they just pile more on, its funny how the so called trickle down, when it starts to go under, it works like the trickle up,
meaning, first you see the excess labor pool not making it, then the bottom middle class--then,
the middle class yet, the rich always seem to have that protection, at least, some of them do.
What IS so different however, compared to today's economy to that in the 20s, is that America is not owned by America anymore...and That, That I think is extremely concerning.
Another very worrisome problem IS the global food crisis, and they've been very hush hush on that--but I've noticed once a week, prices going up, ten - twenty cents on everything and this has been a steady rise all summer to now,
its NOT just the oil/price of gas, thats some of it...there has to be some other things going on, obviously. And when I notice in the stores how all the generic products are sold out, certain times of the month [several months its been this way] that says something,
more and more people are buying the cheaper generic--meaning, they are Hurting. When one can notice these things just in trips to the grocery store, and not just an occasion but a steady and increasing change,
that says something. This is depression, no doubt in my mind--
but a depression with the wolves just waiting. IF people don't know survivalist skills,
now would be a really good time to start learning them.
Natasha
Exactly Natasha - You nailed it. I AM surprised the right would DARE blame the poor for this.
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