Market Reports Outrage and More Outrage Sept 23, 2008
Biggest Rape of the American People in the Making... Why should Americans be on the hook for a massive derivative scheme that has gone up in smoke and created by the major investment firms???
Paulson trying to sell the biggest ticket ever asking for 700 billion or just make it a Trillion whats the difference?? And that is worth 2.5 sheets of paper to Congress with no regulation discussed.... He worked at Goldman Sacks his entire life and probably wants to see them saved. He will be out of office in a few months and needs a place to work when he's done. That is why he does not want to limit CEO Pay and he is setting himself by saving Goldman and moving these assets for pennies on the dollars.. My opinion...
Thats a pile of cash for an experiment.. Not sure how the auctions will work out.. Not sure werre these experts will come from, and why are they not working for the FED right now.....
Paulson we support a strong dollar.. We know how that worked out..
Paulson said regulations were too tough after Enron debacle.. Now how many companies have gone under or bailed out since regulations were lightened...
Fed Chairman Bernake said the markets were contained 8 months ago.
Scare tactics saying the markets would have stopped last week... Maybe the only truth we have heard, the Russian Stock Market is already down 60 percent and halted...
If the plan gets approved or not we will be going into stagflation or deflation neither is good...Japan still has deflation problems from the Asian crisis in 1998..
Go ahead and approve the trillion dollars and watch the mother of all BEAR Markets unfold in the U.S. Treasury Market...
