Americans say no to bailouts, even if economy is harmed

[Landis82]

Quote from swtrader:

plain and simple, paulson is attempting to sell his assets (that are held in GS) to the taxpayer, far far above market rates

criminal

You and others have been trying to make this point, yet you naively assume that there are financial institutions out there that will be willing to "hit" the governments bid on these mortgage backed securities.

They may not opt to be involved.
In fact, with greater liquidity and price discovery they may actually choose to NOT hit the initial bid in the market place. Did you ever take a moment to consider that?

 

[Mecro]

Quote from swtrader:

not all banks will go down

only those who deserve it

when have these globalist jerks EVER favored bailing out "those who cant adapt"?

you're on the side of fascism

Oh yeah, he is biased. Either in bed with the elitists or financial stake in this.

Really, this "bailout" is so transparent as a scam, that even clueless average joes don't fall for it.

 

[poyayan]

That's why Paulson and co is asking for the bailout, is to allow banks to have the balance sheet to lend. What they don't tell you is in the process of doing that, they are taking a cut of that 900B.

The solution is to inject credit thru other means.

1) Direct injection to taxpayer either thru simulus or tax cut is a 1: 1 injection.
2) Inject credit thru Paulson will get you the Federal Reserve ratio, something like 10:1, but during that process, you reward people who brought you the problem.
3) Inject credit thru a US national bank with 700B. You get the 10:1 inject ratio, plus no pay off to fat cats.
4) Injection from foreign entity is a freebie. Should be highly encouraged.

 

[Landis82]

Quote from Mecro:

You do realize that there is not enough in the $700 billion to cover them all?

WaMu would be screwed regardless. Citi will get dibs. Wachovia can survive without it, won't get much off. Banc of America has some pull, depending on how deal with MER goes.

Goldman is first, I would think Morgan Stanley is second. There is a reason why Paulson put on such an urgent front & induced fear. Goldman was a goner, at least before the regulation change letting them be a monkey banking center. Who do you think was unloading Oil contracts at such rapid rate?

Your "conspiracy" theories leave me virtually speechless . . . Goldman being first, Morgan Stanley second? Really now? Unloading oil contracts at a rapid rate? Wachovia can survive without it? You know this because???

You sound like you have it ALL figured out.
Perhaps you can testify in front of Congress?

 

[swtrader]

Quote from Landis82:

You and others have been trying to make this point, yet you naively assume that there are financial institutions out there that will be willing to "hit" the governments bid on these mortgage backed securities.

They may not opt to be involved.
In fact, with greater liquidity and price discovery they may actually choose to NOT hit the initial bid in the market place. Did you ever take a moment to consider that?

there is no true 'price discovery' with a WELFARE CHECK BID!

but you're too much of a fucking pinhead to get that

 

[Mecro]

Quote from Landis82:


In fact, with greater liquidity and price discovery they may actually choose to NOT hit the initial bid in the market place. Did you ever take a moment to consider that?

LOL please, this paper is worth nothing and everyone who was/is involved in that knows it.

There is a market for it already, it states the truth. 5 cents on the dollar and low volume.

 

[Landis82]

Quote from swtrader:

there is no true 'price discovery' with a WELFARE CHECK BID!

but you're too much of a fucking pinhead to get that

No my friend, it is YOU that is the total "pinhead" for thinking that the money will head overseas ( in global fashion ) when Europe and others are in just as significant "doo-doo" ( if not more ) than the United States.

Why you think that capital from the Treasury's "bail-out" will head overseas when the U.S. is the end-market for all of these countries defies all logic.

You could use a basic course in Econ. 101A.

 

[Landis82]

Quote from Mecro:

LOL please, this paper is worth nothing and everyone who was/is involved in that knows it.

There is a market for it already, it states the truth. 5 cents on the dollar and low volume.

Really now?
Try telling that to Bill Gross and PIMCO.
Better yet, try putting down the crack-pipe Son.

 

[fearless9]

I am not a US citizen, so let us get that out of the way first.

For those who are......

You are being handed a final solution without options.
You are being told that this is the best solution for ALL .... but maybe the best solution should not include ALL ... why should it.

'09 is going to bring everything that '08 delivered plus the coming consumer crash which should be a honey and someone ex Wall Street is telling you that 700B should wrap things up.

I do not think so.
Even a Trill or 2 (which you do not have) is not going to put this puppy back in the kennels.

You need a better plan and you must demand it.

regards
f9

 

[swtrader]

i think beyond all the issues discussed here is one simple point

If someone with a blatent conflict of interest can go to congress, and shake it down for 700 billion with few details, and demand literally zero accountability or recourse, and get what they want, and (for the sake of arguement) by some miracle this really is 'for the best' (um no, it's NOT)

what kind of precident does this set?

"give me an astonomical amount of money, with no questions, or soemthing terrible will happen" 'here's your money'

you think others wont get ideas?

foreign terrorists? foreign leaders? chinese debt holders? foreign bankers? disloyal domestic terrorists? unscrupulous business people? circus people tired of traveling?

One of the worst aspects of this bailout (of which there are many), is that it makes us vulnerable to extortion, or more accurately, reveals our vulnerability to it