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Comments (14)
We need to find a way to help insider Wall Street pay for its own problems. You can do that with a 20—.25 percent stock transfer tax, cancellation of dividends. You know, make the shareholders and the investors have to pay for the funny business they are running on Wall Street. Why make the taxpayers pay for illegal market games? The underlying idea that government works for Wall Street needs to be challenged, frankly. There has been enough of that for a century.
What we have is a transfer of wealth, basically from the taxpayers to the Rockefellers and Rothschilds. This bailout is a continuation of that rotten transfer of wealth. This whole corrupt government has become nothing more than a big stealth machine that transfers the wealth upwards with our unconstitutional tax laws, our energy handouts, with our secret fiscal policies, with our war on the world. All the wealth of the country goes from the pockets of the people into the hands of a few individuals kept from public view. This is a very dangerous moment in history you know. It’s a small injection of capital, to hide the biggest continuous theft of capital by the government in a single time since the New Deal. It's intended to distract us from balking at the Federal debt and dismissing the Federal Reserve. And frankly, there is no trickle down in this stink. It is bleeding us all, and upwards. We are just rewarding old black market bad behavior practices.
Comment #1 Posted by: Dennis Kucinich | October 1, 2008 09:29 AM
The Great CEOs and proprietors of or financial system and markets have become the god-head by which even or governments are governed.
They kneel before their golden calf, and bring this idolic god, money and power, before us insisting that we must that we must praise it.
Now it does not seem so idolic or godly.
These CEOs can jump safely from their high offices with their golden parachutes. May that golden fall upon them and crush them.
When their temples have crumbled, those of us left to survive will rebuild on a new system that is based in reality, not speculations ( and other old school tools of manipulation), and supported by good ethics.
Comment #2 Posted by: Bruce | October 1, 2008 11:16 AM
BRUSSELS, 2 Oct 2008 -- France and Germany were at loggerheads on Wednesday over the idea of a U.S.-style subterfuge financial rescue fund for Europe as EU governments went their separate ways in response to the global credit collapse.
The European Commission appealed for more transparency in elite financial bailout schemes and stronger pan-European financial supervision, but the apparent discord between Paris and Berlin underlined the difficulty of finding a public approach to airing their fiscal laundry.
French Finance Minister Christine Lagarde said in a German newspaper interview that a "European safety net" is needed now to prevent banks in the smaller EU countries from going bankrupt.
But Chancellor Angela Merkel said Germany "cannot and will not issue a blank cheque for all banks, regardless of whether they continue to behave in a irresponsible manner or not."
A European government source said Paris had floated the idea of a 300 billion euro (237.2 billion pounds) weekly EU rescue fund ahead of a meeting of leaders of the four big European powers and top EU officials tentatively set for Saturday in Paris.
But Lagarde told reporters: "There is no such thing. There is no secret protection fund. There is nothing of the sort," when asked about the report.
The German Finance Ministry said: "The government completely disagrees with these plans."
European Commission President Jose Manuel Barroso said he was working closely with French President Nicolas Sarkozy to present non-inflammatory proposals to the leaders in Paris.
But British Prime Minister Gordon Brown's office would not confirm he would attend, and France said no firm date had been set for the meeting, which officials said would only go ahead if there was sufficient consensus to achieve a result.
"It's not just a problem of injecting neverending liquidity," Barroso told a news conference. "We also need to inject unprecedented credibility in response to the universal European outcry. That's why we are urging member states for cooperation in immediate disclosure."
Ireland's decision to publicly guarantee all deposits in Irish banks infuriated Britain, sucking more and more money away from British banks where the guarantee is limited to small accounts. It also drew immediate fire from a besieged Brussels.
Comment #3 Posted by: Reuters EU | October 1, 2008 11:32 AM
I am with you all...
I am tired of the talk... It is time for action, it is time for us all to work together on this and to come up with plans and start putting them into action
Contact me:
usbmp06@yahoo.com
Comment #4 Posted by: James | October 1, 2008 11:57 AM
Did you send it to him?
Comment #5 Posted by: Kate O | October 1, 2008 12:04 PM
They kneel before their golden calf, and bring this idolic god, money and power, before us insisting that we must that we must praise it.
Yes, and very wise man said this long ago and it still works for today "You know well enough that if you put yourself at the disposl of a master, to obey him, you are slaves."
We have got to change the course of things now...
Partly Cloudy but getting Clearer
Comment #6 Posted by: Anonymous | October 1, 2008 01:17 PM
Brussels, 2 Oct 2008 -- Fears of a deep European recession are spreading. Continental Europe is heading for a deeper recession than the US as it lacks the necessary flexibility to react to the worsening economic situation, say executives and policymakers.
Pressure grows on Europe to protect failing banks. Italian Prime Minister Silvio Berlusconi said he would not allow savers in Italy to lose any of their deposits as the collapse of the global financial system threatened to spread deeper into Europe.
Corruption amongst ruling classes threatens European Union stability. A row over corruption allegations is emerging as the new frontline in political battles between the European governments and their Monarchist opponents and could further accelerate the racing market crisis.
Opponents of secret policy making are pressing for new constitutional reforms to remove the parliamentary immunity of the security state. Under the newly proposed codes, even Royalty could be taken to court for common crimes, particularly insider trading, antitrust and corruption. The secret government reforms would be a condition for EU co-operation with the banks on the European financial bailout programme.
Russia moves to arrest freefall in the markets. RTS and the Micex ended in tumult on Thursday after Moscow’s top regulator temporarily closed the stock exchanges to prevent them from further slumping.
Comment #7 Posted by: AIG London | October 1, 2008 05:44 PM
Raymond,
Is that your real hair?
Comment #8 Posted by: ox womyn | October 1, 2008 07:28 PM
Wow, this post it truly racist. The ACLU has just been notified.
Comment #9 Posted by: Sylvia | October 2, 2008 02:10 PM
London, 2 October 2008 -- US Shares Plunge As Worry Increases. Along with the UK and Europe, shares on Wall Street have also fallen sharply amid worries and squabbles over the now irrelevant $700bn bail-out fix, which is far inadequate for troubled banks to stop the recession in America.
The Dow Jones industrial average closed down 348.2 points, or 3.22%, to end at a three-year low of 10,482.8. Earlier, Britain's FTSE 100 of leading shares finished the day down 89.3 points, or 1.80%, at 4,870.3.
New figures in the US showed the number of people registering for unemployment benefits has hit a seven-year high. A report showing a steep drop in factory orders in August added to the rapaging gloom and doom.
Outgoing (?) President Bush said he believed changes to the US Constitution would now be required to reduce the chance of martial law.
Comment #10 Posted by: Sir Evelyn to you ... | October 2, 2008 04:58 PM
#9, My intent of this post, if you are referring to me, was to encourage Barack to loosen up a bit. I am a big Al Green fan thus prompting my statement that if Obama would allow his heart to shine even more, to connect more deeply and passionately, as Al does, more people might get ignited and on fire about owning their own leadership, response-ability and collective influence. Simply put there is a charisma that is genuine that I feel Barack could juice up even more. I chose Al Green because I was in the Coffee Connection and a "best of" CD was playing and I was captivated once again by his timeless talent. Actually I did a YouTube search and found a version of "Take Me to the River" by both Al Green and Tom Jones and I have to say viintage Tom Jones is smokin' too!
Comment #11 Posted by: Raymond | October 2, 2008 10:56 PM
Annie Lennox can "Take Me To The River" anytime...
Comment #12 Posted by: mosesk | October 2, 2008 11:32 PM
I'll take Antony singing Leonard Cohen's "If it be your will" any day, now that's JUICE!!!!!
Comment #13 Posted by: LMS | October 3, 2008 10:25 AM
You do realize I hope, that McCain, the idiot, is the honest guy in this scenario? Obama is just another sociopath in a long line, gulling the masses?
Comment #14 Posted by: Thomas | October 8, 2008 08:37 PM