Category: banking

Dear Government: So Let Me Get This Straight…

Over the last X amount of years, the government has said that we were not in the business of handing out money to people who need it, as we are not a “socialist” nation and everyone is pretty muchon their own. They said that…

The poor should not get food stamps.

The uninsured should not get insurance.

Kids in poor neighborhoods should not get school books made in the last 20 years.

Police, Fire, EMT, & Teachers should not be paid more for the work they do.

Minimum wage should not be raised to a livable wage.

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banking

By David

Just Received A Nigerian Scam Email From Treasury Minister Henry Paulson.

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had
crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.

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banking

By David

Bailout Cannot Not Be Reviewed By Any Court Of Law – There Will Be No Accountability.

This little tidbit can be found buried in Section 8 of the bailout wording as it stands today:

“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”

So what do some people have to say about this? Personally, I like what Kuttner said about this plan:

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banking

By David

Hey Treasury – Buy My Sh*t Pile Dot Com.

Brilliance, sheer brilliance:

With our economy in crisis, the US Government is scrambling to rescue our banks by purchasing their “distressed assets”, i.e., assets that no one else wants to buy from them. We figured that instead of protesting this plan, we’d give regular Americans the same opportunity to sell their bad assets to the government. We need your help and you need the Government’s help!

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banking

By David

Don’t Like The Bailout? Here Is The Contact Information For Your Senator.

Mad about the bailout but feeling like you cannot do anything about it? Feeling like no one is hearing your complaints? Well, here is your chance to contact your Senator and let them know what you think of this whole mess:

Congressional Email Directory

All it takes is a few minutes of your time to let them know that you do not want to be on the hook for $1.8 trillion dollars, to bail out thieves who took and took and took and now want us to pay for their “mistakes”. And while I am glad to see that some members of Congress are trying to at least put some checks and balances into the bill, the Fed and Treasury want a blank check to bail out anyone that asks. So if you want to make your voice heard on this, now is the time to do it. I will be telling them NO on the bailout.

banking