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rick santelli is the lone bright spot.

Ha. Canada has a law which if you invest half a mil or something like that in Canada, you will become ciitizen after 7 years or something like that...:)

Here is a easier way to do this. Why don't the private capital form a bank and bid on commercial paper? You get the 12:1 ratio without all the trouble dealing with toxic waste. I am also for slowing down the process of "mark to market". Put all those asset as level 4 asset, allow them...

Based on the original plan, it is already a revolving credit line. That means Paulson can buy junk for 700B. Sell it all at discount and buy another 700B. So on and So on.... You think he wants to go thru this again for the next 700B? For the pain he is enduring right now, he wants a...

House's IT system has crashed due to record amount of emails. http://thehill.com/leading-the-news/house-limits-constituent-e-mails-to-prevent-crash-2008-09-30.html

To all self-help guru, add this line : 1) In order to succeed, It helps to have very very short term memory. Just like a dog, everyday is a fun new day!!

Here is the Genesis Plan. http://www.denninger.net/letters/genesis.pdf Sister site http://supportedthebailout.org/

It is amazing that when it comes to banker's interest. bi-partisan support is never too strong. Since when you see such tight cooperation between a president who all democrats dislike and a house speaker who all republican loath of? Feel the power of the status quo! You have to tell...

Heck, how come when the tech bubble burst, there is not a single peep about tech rescue? Red, I am with you on the mortgage stuff. Just that we can't sell it like what you said. We have to sell it like Paulson..:) "Without our sacrifice to be responsible to our own debt, our country...

Dunno..:) Maybe it is an excuse to get rid of the silly short banning rule?

First, do you prefer up-tick rule or banning shorts? Second, there is no transaction fee in this bill, right? Third, is this bill better than the paulson bill. No one said this is the only bill. This bill is to take Paulson's "gun on the US economy" out. Then people can use time to...

http://www.defazio.house.gov/index.php?option=content&task=view&id=441 No BAILOUTS Act Bringing Accounting, Increased Liquidity, Oversight and Upholding Taxpayer Security 1) Require the Securities and Exchange Commission (SEC) to require an economic value standard to measure the...

Dude, this credit bubble has to end at some point. Do we want to end this ourselves on our terms or when China/Japan decide to jack up our interest rate? Plus there are 53T of CDS around, 10T of consumer debt. 700B is not going to do jack.

... and yesterday, the market is down because there is no bailout. Talking out of both side of the mouth, uh?

Armageddon supposed to happen yesterday. I don't see alien landing, meteor failing or continent parting... I do see all media shouting : Market up : people expect a bail out Market down : people disappoint because there is no bail out. Hey. win-win either way.

Isn't the goal is to inject money into the banking system without giving an impression as handing out free money to banks? GS can merge with a real bank.

Give each person a $2300 5 year CD account, you can't touch it for 5 years at fix rate. You can specify which bank you want the CD in though. Now, you have 900B as deposit in the banking system. Definitely not bailing out any fat cats and boost deposit. Yay? Nay?

1 yay from me!

He is either : 1) Heavily in financial stock or bonds. 2) His 2008 bonus depends on a reversal of financial stock or bonds. 3) Works in GS, MS or any one of the SIFMA members.

] Ha. "Price discovery" for a house doesn't need help. $300,000 no bid. $200,000 no bid. $100,000 1 bid. There, price discovery.