Looks like the rich folks are licking their chops at the thought of getting a piece of the bailout pie.
Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.
Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.
[…]
Nobody wants to be left out of Treasury’s proposal to buy up bad assets of financial institutions.
So, get prepared to dig deep folks. If you think this will stop at a measly $700 billion, you’re nuts. We can’t afford healthcare in this country. We can’t afford to fix the roads. We have to close hospitals, and we sure as hell aren’t going to “throw money away” on public (read, “godless”) education. But we can sure as hell mortgage away your kids’ and grandkids’ (and their kids’) future to help out the same rich people who are taking away your homes and tossing all your shit to the curb.
And the best part it, the CEOs and executives of these investment firms get to keep making millions of dollars a year in salary, sparing them the trauma of counting their cars, yachts, and mansions, and selling a couple of them. And if you’re heartless enough to think that your tax dollars shouldn’t be going to preserve the lifestyles of the rich and famous, well, you’re just engaging in class warfare. So get over it!
Hell, it’s worth it. Right?
Call me naive (Hey, not so quick) but I honestly don’t think this is going to pass; at least not in a form that would give the craven bastards what they want. I feel like the :sheep: ‘le are focusing in on this like nothing they’ve zeroed in on for years. And it’s a pretty bi-partisan revulsion that’s setting in from Kucinich D to the R senator from Alabama.
Everything I’m reading says it’s not going to pass this week and I think that every day brings more to light- such as, that the Golden Parachutes were tax-deductable! are you fuck’in kidding me?
Pelosi is trying to tax Wall Street on stock sales to make them pay for it themselves. The repugs aren’t going to go along with that upfront but might agree to a tax after five years if we don’t get our money back.
I think the dems might agree to just enough billions to floate things along until Berry takes office.
I’m too lazy to provide all the links but a lot of this can be found on Buzzflash, Rawstory and others.
Okay, I’m naive. :smack:
Just read your last link and I think it supports my point.
Alright, I’m done with all my angry emails. Couldn’t get through on the phone, mailboxes all full.
Guess who said this:
I wonder if we’ll hear that on Thursday.
More likely we’ll hear people talk like this:
Wall Street is upset. The Dow is down 600+ points. The bailout bill failed.
Good! :tap:
Aw, poor little rich people.
Now what I’d like to hear is a real discussion of what is going on and what the options are to deal with it. This was too rushed with too little explanation.
There was also too much help for Wall Street and not enough (any?) for the rest of us. Though I am no economist, old age has allowed me to see that bottom up efforts work very well, while top down crap seems always to end in an enormous crushing implosion. …..Forgive me, I am engaging in class warfare, which unlike real warfare, is not patriotic. I will do penance and buy a flag lapel pin.
Ha! I got into a big argument last week with my friend who’s a high school teacher about the effectiveness of calling your senators and congress people. He’s very jaded and doesn’t think any amount of calling or writing works. And today just disproved him and I wrote him and gloated about it. Ha! :fist:
Hey, whoever is left here-
I will be at the San Francisco Punchline this Friday and Saturday Oct. 3rd and 4th if you are in the area and want to come down. http://www.punchlinecomedyclub.com/
Also, me and Sam Seder will be premiering Maron v Seder this Weds, Oct. 1 at http://www.mvslive.com There is already some stuff there. Check it out. This is a temporary site but the show will go live five days a week at 3PM ET.
Hope you are all well.
Thanks. Maron
The Mudflats’ blogger, in Alaska, is asking people from around the country to sign a petition asking the Alaskan Attorney General to resign because of his actions in frustrating the troopergate investigation, such as advising state employees that they were not required to answer subpoenas.
http://www.gopetition.com/online/22212.html
Art, what is your avatar? I can’t make it out. Failing eysight, ya know.
Attorney General Michael Mukasey agreed Monday to appoint a special prosecutor to investigate whether former Attorney General Alberto Gonzales and other officials involved in the firings of nine U.S. attorneys broke the law.
snip
Mukasey appointed acting veteran federal prosecutor and acting Connecticut U.S. attorney Nora Dannehy to oversee the inquiry, virtually guaranteeing that the 18-month investigation will continue into the next administration.
http://www.miamiherald.com/news/politics/AP/story/706763.html
SueP- it was something I captured off the internet during the DNC here. Maybe it was on a t-shirt. It’s ‘bama as Hendrix on the “Axis, Bold as Love” album. I think Vernon might have a bigger version of it.
What’s the feeling in the big city about the meltdown? Are they scared or angry? Are we being “Bushed into jumping off a cliff or is there not enough money in the universe to cure our debt? 😯
Bold as love
My friend found some O’Bama as Jimi t-shirt recently as well.
Hey, where’s Gypsy? Was she worried someone was treading on her recipe turf?
I don’t think I can make it to Maron this weekend. The big annual free music festival in the park is Friday thru Sunday. Kickoff day Friday afternoon is Alison Krauss and Robert Plant with T-Bone Burnett and the great Buddy Miller. Also Jerry Douglas and MC Hammer :omg: Hardly Strictly Bluegrass indeed. Maybe Maron will show up.
Happy New Year. :rabbi: :sdavid: :menorah:
Thanks, Vernon for the larger version of Art’s avatar.
As for NYC, this is a disaster. So much of NYC’s money comes from Wall Street that when Wall St goes down, so do City finanaces and the ripple effects of not having all those rich guys buy lots of stuff. We’ve had lots of City fiscal crises during which municipal employees are laid off and services curtailed.
vernon- Thanks for Durante. That was so perfect for so many reasons.