Economists becoming skeptical of bailout

[Love/Light 13]

Z-

Just caught this post as I am about to run out the door. I have focused my thoughts and concentration on the hope that this bailout will fail in Congress. These banking institutions must pay the price for unfair business practices and sub-prime lending practices. Is Secretary Paulson really trying to convince us that bailing out the culprits, without helping the victims, those homeowners currently dealing with the foreclosure of our home, is a necessary step in the long-term recovery of our economy?

Happy Socialism!!!

***********************

may WISDOM guide COMPASSION

"out of MANY, we are ONE"

[Zarathustra]

Originally Posted by Love/Light 13

Z-

Just caught this post as I am about to run out the door. I have focused my thoughts and concentration on the hope that this bailout will fail in Congress. These banking institutions must pay the price for unfair business practices and sub-prime lending practices. Is Secretary Paulson really trying to convince us that bailing out the culprits, without helping the victims, those homeowners currently dealing with the foreclosure of our home, is a necessary step in the long-term recovery of our economy?

Happy Socialism!!!

***********************

may WISDOM guide COMPASSION

"out of MANY, we are ONE"

Amen L

[JSErwine]

On a further note, not only do the crooked financial institutions need punishing but the people living waaaaay beyound their means should feal the sting as well.

Greed and envy deserve their just rewards.

Letting all these institutions fail will no doubt hurt for all of us. But I for one am not about to throw the constitution that so many of our forefathers suffered and died for out the door.

Bailing everything out just shows the world our lack of courage and unwillingness to stand by our convictions.

[Zarathustra]

Originally Posted by JSErwine

On a further note, not only do the crooked financial institutions need punishing but the people living waaaaay beyound their means should feal the sting as well.

Greed and envy deserve their just rewards.

Letting all these institutions fail will no doubt hurt for all of us. But I for one am not about to throw the constitution that so many of our forefathers suffered and died for out the door.

Bailing everything out just shows the world our lack of courage and unwillingness to stand by our convictions.

Don't worry J, the people of America are going to feel the sting, a sting much worse than would've felt had these institutions been allowed to fail. The Federal Government is borrowing AT LEAST a trillion dollars from the FED in two weeks, which has to repaid by the American people, PLUS INTEREST! It doesn't take a financial genius to understand the immense inflationary pressure that will put on an economy with a total GDP of 14 trillion.

Bottom line, every American citizen has gotten intentionally, criminally, traitorously SCREWED! To say that these measures are for the protection of the American citizens is NOT misguided, it is an out and out lie! This is about the domestic and international banking cabals, in league with the politicians in Washington, STEALING from the American people. They may as well bust down every front door in the U.S. and take what they want, it would be no less criminal.

As I have said before, the Neuremburg trials would be WAY to kind for these vile traitors!

Z