Replies to post #32840 on Your Economy (No Politics) (YE1)

[nlightn]

i totally agree with your perspective,...

all this bailout plan is is a manipulated scenario to scare the public (American citizens and the House and Senate) into going along with one of the biggest transfers of wealth in history into the banking/financial sector of our tax dollars. othing short of a Financial Tsumani that was used to create a Financial Terrorism that opened the door for Financial Patriot Act

it might be too late to halt a global recession because of derivatives but the market is a self correcting instrument if left alone,...

the Treasury and Fed need to back off,..

hopefully the House and Congress really holds Paulson nose to the grindstone to demand the banks to mark to market their bad paper and then demand they use their clean funds to buy that bad paper at a realistic price once adjusted. these banks were paret of this and we the people are not responsible to clean up their debts.

[al44]

Jim- the derivatives market is over 500 trillion and counting. As Washington tries to fix the mess caused by wall street, the banks are still bundling and packaging and selling more derivatives.

......al

[nicknamen]

The next President will have a Reichstag fire event to justify, with a terrified public begging for any action to save them, a fascist state. Choose wisely. This is the first noticeable event along this path.