Government Is Trying to Make Bailouts for the Giant Banks PERMANENT

[PurpleKoolAid]

Congressman Brad Sherman pointed out that Section 1204 is unlimited in dollar amount and is a permanent grant of power to the executive branch. When he asked Geithner whether he would accept a $1 trillion limit on the new bailout authority (if the executive branch wanted to spend more, it would have to come back to Congress), he rejected a $1 trillion limit, insisting that the executive branch be able to respond without coming back to Congress. I feel like my head is going to explode!  What in the hell will it take to stop these jackasses.


http://www.zerohedge.com/article/government-trying-make-bailouts-giant-banks-permanent

[Emeline]

What's the difference between that and a racket? 

[Grimus]

Expanding executive powers is more than a trend, as evidenced.

[Broil]

"Both TARP and the Treasury proposal have vague provisions under which taxpayers might possibly recover any money lost through a special tax on the financial services industry. Under the Treasury proposal, only the very largest institutions could benefit from a bailout, but the special tax, if ever collected, would fall chiefly on medium-sized institutions."

Heh.  If this passes, maybe it WOULD be time to start talking about having a "necktie party" in DC, as the KKK call it.  Got rope?

[JohnLudi]

I think there is compelling evidence to suggest that the majority of the people in power on both sides of the aisle are clinically insane and should be institutionalized.

Where do these idiots think they are going to GET this money?  China? No.  The rapidly dwindling pockets of the taxpayer? No.  The goodwill of the rest of the planet if we default on our debts? No...I don't think the rest of the planet is warming up to give us a big hug right now.

Are these people so drunk with power that they can be that delusional?  And if they are intentionally attempting to crash the currency, do they have the slightest idea what will happen once our money becomes worthless?  Even the money that gets paid to...um...soldiers, police, emergency workers, etc?  Do they think that they can put this all together again if it falls apart?

I really wish I knew conclusively what the endgame is...or if there even IS one.  These people are juggling numbers that have no basis in reality.

[jtollison78]

Expanding executive powers is more than a trend, as evidenced.

Yes, this is about much more than just a bank bailout.

[cygnus]

I think there is compelling evidence to suggest that the majority of the people in power on both sides of the aisle are clinically insane and should be institutionalized.

I think sociopathy and narcissism could account for most of what we're seeing from our government and larger financial institutions these days.  People with these kinds of mental deficiencies are drawn to positions of power like moths to a flame. 

[lynnie]

I think there is compelling evidence to suggest that the majority of the people in power on both sides of the aisle are clinically insane and should be institutionalized.

Where do these idiots think they are going to GET this money?  China? No.  The rapidly dwindling pockets of the taxpayer? No.  The goodwill of the rest of the planet if we default on our debts? No...I don't think the rest of the planet is warming up to give us a big hug right now.

Are these people so drunk with power that they can be that delusional?  And if they are intentionally attempting to crash the currency, do they have the slightest idea what will happen once our money becomes worthless?  Even the money that gets paid to...um...soldiers, police, emergency workers, etc?  Do they think that they can put this all together again if it falls apart?

I really wish I knew conclusively what the endgame is...or if there even IS one.  These people are juggling numbers that have no basis in reality.

Well said......

[Ellie]

Uh....why is Congress "asking" Geitner what he would accept?

They need to grow some damn balls and TELL the little weasel how it's going to be. Have they really all completely given up even PRETENDING that they represent the people? Their pandering and kowtowing to these criminals is sickening.

[Timactionfigures]

I think there is compelling evidence to suggest that the majority of the people in power on both sides of the aisle are clinically insane and should be institutionalized.

Where do these idiots think they are going to GET this money?  China? No.  The rapidly dwindling pockets of the taxpayer? No.  The goodwill of the rest of the planet if we default on our debts? No...I don't think the rest of the planet is warming up to give us a big hug right now.

Are these people so drunk with power that they can be that delusional?  And if they are intentionally attempting to crash the currency, do they have the slightest idea what will happen once our money becomes worthless?  Even the money that gets paid to...um...soldiers, police, emergency workers, etc?  Do they think that they can put this all together again if it falls apart?

I really wish I knew conclusively what the endgame is...or if there even IS one.  These people are juggling numbers that have no basis in reality.

Man it's downright disgusting isn't it?!

I'd just like to add that in reality, money is not power. Money isn't anything but a piece of paper with ink on it. Sure you can "buy" things or services with it, but when there's nothing left to "buy" and no services worth exchanging "paper & ink" for...what is left? A pile of rough green toilet paper I suppose.

Is that the goal...who can have the most toilet paper to wipe their ass with after it all comes down? I guess that's an important item to have? 

[gnosis]

Derrick Jensen was right all along...

[joewp]

Uh....why is Congress "asking" Geitner what he would accept?

They need to grow some damn balls and TELL the little weasel how it's going to be. Have they really all completely given up even PRETENDING that they represent the people? Their pandering and kowtowing to these criminals is sickening.

Congress knows who their bosses are, the banks. Geitner is just the flunky that relays the orders to Congress from the large banks.

[jtmo3]

What in the hell will it take to stop these jackasses.

Do you REALLY want the answer to that question? 

[JohnLudi]

Is that the goal...who can have the most toilet paper to wipe their ass with after it all comes down? I guess that's an important item to have? 

If they like their toilet paper full of germs and trace amounts of cocaine residue...well, they'd probably go for the latter.

Got a feeling that after this is all over, regular toilet paper will be worth more.  Though the paper they print money on makes for delightful origami.

[PurpleKoolAid]

jtmo3, I guess I really meant what will it take to wake the rest of the country up to what is happening. I have my pitchfork ready to go.