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Entries from November 2009

Bailout: Main Street’s message to Wall Street & Washington…

September 30th, 2008 · 5 Comments · The Fed & US Treasury Policy

We don’t believe you.
Not a single word you say.
Why?
Do the words “read my lips - no new taxes” ring a bell?
We didn’t believe you when you said - “the credit crisis is well contained.”
We didn’t believe you when you said - “the worst is now behind us.”
We didn’t believe you when you told us the [...]

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Paulson Bailout: I STILL want my pound of flesh…

September 28th, 2008 · 3 Comments · Politics, Money and Markets

We tried…
We called our Senators.
We faxed our Congressman.
And we encouraged our friends, family, and co-workers to do the same.
But, in the end…
We was robbed.
Because they waited.
They waited…
– until the US Dollar imploded.
– until Oil prices exploded.
– until inflation skyrocketed.
– until home values collapsed.
– until the economy rolled over.
– until the stock market crashed.
– until unemployment [...]

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Did Warren Buffett just cut in line ahead of US Taxpayers?

September 24th, 2008 · 1 Comment · Politics, Money and Markets

If Buffett gets 10% on his $5b for Goldman, what rate of return do the
US Taxpayers deserve on their $700b+ that’s going to go to lesser
quality banks?
And come to think about it, with the DOW up over 100 points
on the news last night, and with Asian banks up today, with
everyone from Buffett to Asian Banks [...]

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Alan Greenspan — Economic War Criminal?

September 16th, 2008 · 1 Comment · Politics, Money and Markets

There should be no mercy for Alan Greenspan for his role as chief architect in this historic collapse . He should never be able to show his face in public again without being verbally attacked, and ridiculed by both the public, and the press.
Greenspan’s crimes against the people go back to the S&L crisis… 
He has been a shill [...]

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US Treasury Takes Over Fannie Mae/FNM & Freddie Mac/FRE …

September 7th, 2008 · No Comments · Politics, Money and Markets, The Fed & US Treasury Policy

We’ll everyone’s been waiting, here’s the official scoop:

Both CEO’s are out!
Shareholders are screwed.
And both FNM & FRE will be forced to be downsized, until they no longer represent a threat to the U.S. financial system.

http://treasury.gov/press/releases/hp1129.htm
http://www.federalreserve.gov/newsevents/press/bcreg/20080907a.htm
We will see Monday if the market reactions matched expectations…
From James Cramer and The Street.com
http://www.thestreet.com/story/10436141/1/weekend-reading-fannie-freddie-bailout.html?puc=googlefi&cm_ven=GOOGLEFI&cm_cat=FREE&cm_ite=NA
http://www.thestreet.com/story/10436132/1/cramer-fannie-freddie-takeover-changes-the-game.html?puc=googlen&cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA
From NPR:
http://www.npr.org/templates/story/story.php?storyId=94365281
Weekend Edition Sunday, September 7, 2008 · [...]

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