To me it just seems like we gave the crooks the keys to the safe. I don't see any progress until they solve the mortgage mess and they just seem to be pouring more money into the banks but it doesn't seem to be helping people with the bad mortgages.
How Do You Feel The Bailout is Working?
- Thread starter StevieD
- Start date
Stevie not sure u saw sixty minutes with Obama but u could see his body language tighten up when the host kept drilling him about the bailout. It was like he was furious with what was going on but didn't want to rattle any cages. This was one last big grab for these scumbag that are in the Whitehouse now. They went belly up with their sceme of stealing all the Social Security money so they came up with this plan. I hear there are thousands of million dollar consultants hired to deal with this money. Just thieves grabbing everything they can before this scum leaves. You have guys like Weasel thinking people hate Bush because he is a republican while this cock sucker continues to rob this country blind right in front of these jackasses faces. You have guys in here worried about Obamas spending when when you didnt hear a peep about spending from these guys the last eight years. I hope he spends trillions all over this country and puts people back to work. At least some will get something out of it instead of a dead son or daughter over in Iraq. Spend baby spend.
REYKJAVIK - Thousands of Icelanders demonstrated in Reykjavik on Saturday demanding the resignation of Prime Minister Geir Haarde and Central Bank Governor David Oddsson for failing to stop a financial meltdown in the country.
It was the latest in a series of protests in the capital since the financial meltdown that crippled the island's economy.
Hordur Torfason, a well-known troubadour in Iceland and the main organiser of the protests, said the protests would continue until the government stepped down.
"They don't have our trust and they are no longer legitimate," Torfason said as the crowds gathered in the drizzle before the Althing, the Icelandic parliament.
A separate group of 200-300 people gathered in front of the city's main police station demanding the release of a young protester being held there, Icelandic media reported.
Police in riot gear used pepper spray to drive back an attempt to free the protester during which several windows at the police station were shattered. The protester was later released after a fine he had been sentenced to pay was paid.
Iceland's three biggest banks -- Kaupthing, Landsbanki and Glitnir -- collapsed under the weight of billions of dollars of debts accumulated in an aggressive overseas expansion, shattering the currency and forcing Iceland to seek aid from the International Monetary Fund (IMF).
This week, the North Atlantic island nation of 320,000 secured a package of more than $10 billion in loans from the IMF and several European countries to help it rebuild its shattered financial system.
Despite the loans, Iceland faces a sharp economic contraction and surging unemployment while many Icelanders also risk losing their homes and life savings.
A young man climbed onto the balcony of the Althing building, where the president appears upon inauguration and on Iceland's national day, and hung a banner reading: "Iceland for Sale - $2.100.000.000", the amount of the loan Iceland is getting from the IMF.
The rally lasted less than one hour and as daylight began to wane, demonstrators drifted away into the nearby coffee shops where the price of a cup of coffee has shot up to 300 kronas in the last few weeks, up by about one third from before the crisis struck, as the currency has tumbled.
Opposition parties tabled a no-confidence motion in the government on Friday over its handling of the crisis, but the motion carries little chance of toppling the ruling coalition which has a solid parliamentary majority.
"I've just had enough of this whole thing," said Gudrun Jonsdottir, a 36-year-old office worker.
"I don't trust the government, I don't trust the banks, I don't trust the political parties, and I don't trust the IMF. We had a good country here and they've ruined it."
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Same thing going on over there.
At least the people are starting to stand up and revolt and throw these crooks out.
8 years too late for us
It was the latest in a series of protests in the capital since the financial meltdown that crippled the island's economy.
Hordur Torfason, a well-known troubadour in Iceland and the main organiser of the protests, said the protests would continue until the government stepped down.
"They don't have our trust and they are no longer legitimate," Torfason said as the crowds gathered in the drizzle before the Althing, the Icelandic parliament.
A separate group of 200-300 people gathered in front of the city's main police station demanding the release of a young protester being held there, Icelandic media reported.
Police in riot gear used pepper spray to drive back an attempt to free the protester during which several windows at the police station were shattered. The protester was later released after a fine he had been sentenced to pay was paid.
Iceland's three biggest banks -- Kaupthing, Landsbanki and Glitnir -- collapsed under the weight of billions of dollars of debts accumulated in an aggressive overseas expansion, shattering the currency and forcing Iceland to seek aid from the International Monetary Fund (IMF).
This week, the North Atlantic island nation of 320,000 secured a package of more than $10 billion in loans from the IMF and several European countries to help it rebuild its shattered financial system.
Despite the loans, Iceland faces a sharp economic contraction and surging unemployment while many Icelanders also risk losing their homes and life savings.
A young man climbed onto the balcony of the Althing building, where the president appears upon inauguration and on Iceland's national day, and hung a banner reading: "Iceland for Sale - $2.100.000.000", the amount of the loan Iceland is getting from the IMF.
The rally lasted less than one hour and as daylight began to wane, demonstrators drifted away into the nearby coffee shops where the price of a cup of coffee has shot up to 300 kronas in the last few weeks, up by about one third from before the crisis struck, as the currency has tumbled.
Opposition parties tabled a no-confidence motion in the government on Friday over its handling of the crisis, but the motion carries little chance of toppling the ruling coalition which has a solid parliamentary majority.
"I've just had enough of this whole thing," said Gudrun Jonsdottir, a 36-year-old office worker.
"I don't trust the government, I don't trust the banks, I don't trust the political parties, and I don't trust the IMF. We had a good country here and they've ruined it."
..............................................................
Same thing going on over there.
At least the people are starting to stand up and revolt and throw these crooks out.
8 years too late for us
Sponge, I could be wrong but didn't it take the majority of the Dems to pass the bailout?
I don't like it at all and was upset about it but both sides are in this together. To lay on it Bush is not very smart when the other side said yes to it.
I don't like it at all and was upset about it but both sides are in this together. To lay on it Bush is not very smart when the other side said yes to it.
Yeah just like they got conned into the war. They aint no better. Bunch of weak enablers. They still can't figure out that Bush and Cheney are as dirty as they come.
Wood, what you say is correct. But I remember Bush on TV begging for this. I remember McCain stopping his campaign so he could vote for it. And yes, I remember Obama voting for it too.
But I wonder if they knew what they were voting for. This guy Paulson has more power than both Presidents and Congress combined. He gets to spend this trillion dollars without any over sight. And it seems the least of his concerns is the common man.
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1/3 of the money has gone to executive bonuses and shareholder dividends. I don't know why I'm surprised, I guess I thought they were better at hiding their BS.
its really amazing that executives get rewarded for poorly running their companies....
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its not executives , think about it
you cant see the forest , the trees must be blocking your views.
What do you expect W set the tone for rewarding incompetent executives, as I am sure you recall his venture with Harken Energy where he violated the SEC rules when he knew the company was tanking:
Harken Energy acquired Mr. Bush's Spectrum 7 Energy shares, and he got Harken shares, a directorship, and a consulting arrangement in return. Harken, under Bush, brought in Saudi real estate tycoon Sheikh Abdullah Bakhsh as a board member and a major investor. Over the next few years, Harken would turn out to have links to: Saudi money, CIA-connected Filipinos, the Harvard Endowment, the emir of Bahrain, and the shadowy Bank of Credit and Commerce International.
A 1991 internal SEC document suggested George W. Bush violated federal securities law at least 4 times in the late 1980s and early 1990s in selling Harken stock while serving as a director of Harken. This is essentially the same kind of activity that Martha Stewart is going to prison over. Except at the time of the investigation, Mr. Bush's father was president and the case was quietly dropped.
Harken Energy acquired Mr. Bush's Spectrum 7 Energy shares, and he got Harken shares, a directorship, and a consulting arrangement in return. Harken, under Bush, brought in Saudi real estate tycoon Sheikh Abdullah Bakhsh as a board member and a major investor. Over the next few years, Harken would turn out to have links to: Saudi money, CIA-connected Filipinos, the Harvard Endowment, the emir of Bahrain, and the shadowy Bank of Credit and Commerce International.
A 1991 internal SEC document suggested George W. Bush violated federal securities law at least 4 times in the late 1980s and early 1990s in selling Harken stock while serving as a director of Harken. This is essentially the same kind of activity that Martha Stewart is going to prison over. Except at the time of the investigation, Mr. Bush's father was president and the case was quietly dropped.
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why should we help people who can't afford their mortgages, were they forced at gun point to get houses they can't pay for?
I hate Paulsen with a passion I will be glad when Obama kicks that scumbag out, he is the head of the crooks, helping out his Wall Street buddies
We have to help them because it is those bad mortgages that is bringing everything down. The execs of the forms that sold these mortgages made a ton of money selling them. They were supposed to be the experts but they turned out to be nothing but nothing but greedy, overpaid, pigs.
Now, what are we gaining by bailing out the big banks. Either they or us will still have the bad mortgages over their heads. Just like the guy who bought the house he had no business buying is upside down in his mortgage doesn't it make sense that the banks, who own the mortgages, are also upside down?
For this we allow them to stay in business and foreclose on more homes?
I felt that your original response to Scott was right on point
Many on here are completely blinded by their hatred of Bush. I do not mean the few reasonable leftists such as Smurphy or BBC, but rather the radical kooks that are obviously emphatuated with GWB.I felt that your original response to Scott was right on point
yeah cie...i know but who wants to argue with people who have a sickness that they don't know they have..
