Is this the change we're supposed to believe in?

Good Luck

New member
http://market-ticker.denninger.net/archives/1039-Thuggery-And-Mob-Action,-Government-Style.html

Just part of the information contained within:
Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it forced the Obama administration to release documents about the October 13, 2008, Treasury Department meeting that coerced major banks to allow the government to take $250 billion equity stakes. Among the other news, the documents confirm former Treasury Secretary Hank Paulson told the CEOs of nine major banks that they had no choice but to allow the government to take equity stakes in their institutions. The documents show Obama Treasury Secretary Tim Geithner, FDIC Chairman Shelia Blair, and Fed Chairman Ben Bernanke co-hosted the meeting with Paulson.

President Obama's Treasury Department attempted to prevent the disclosure of these documents, refusing to respond to an FOIA request. Judicial watch sued.

On February 4th The Obama Administration claimed it had no documents related to the meeting, but was forced to recant and release them.

In other words, THE PRESIDENT LIED AND ATTEMPTED TO COVER UP THE FACTS.

The Obama Administration also redacted Geithner's edits to some of the documents.

These documents show that the banks in question were literally forced to accept the interference of the government in the form of equity investment under the direct threat that their primary regulator (the OTS or OCC, as the case may be) would force them to do so if they refused. Both OTS and OCC are run by Treasury.

The outrage here is not just that these CEOs were forced (literally) to take the money. It is also that they were forced to, at the same time, accept whatever FUTURE restrictions on activity, including compensation, Treasury or Congress desired to impose.

In short the banks were forcibly nationalized without a prior finding of insolvency; this is blatantly unconstitutional as a "taking" without compensation.
 
STOP THE PRESSES .. right-wingers don't like lies.

:)

I didn't vote for Obama, but I recognize that most Americans agree with him on a great many issues and I'm pretty damn sure there won't be much outrage over banks being forced to accept anything while holding their hands out for taxpayer money.

The "change" Americans believe in is changing republicans out of power.

That is a change that makes the whole world smile. :)
 
Unless the current administration shows some serious changes, I think it will be a one term deal.

And looking at the previous 8 years it might be the time that a new party emerges.
 
Well that is change anyway. They "forced" the govt to release...

We are still waiting for what happened in Cheneys energy meetings.
 

Banks are insured by the FDIC. The same way the toxic assets were/are insured by the government.

Let's try an analogy here. Let's say you have a Visa card and you want to get an additional card for your son/daughter. As long as they pay the monthly bill everything goes along great. If they stop paying, for whatever reason, Visa simply collects the money from you.

Now, let's say they bought an entertainment center for $5,000.00. Until and unless they pay you that entertainment center belongs to you. You don't want you son/daughter selling it for 1/2 price just to get the money.

The government has to get involved with the banks because the banks are incompetent. Tax payer dollars have been given to the banks. The tax payer has a share in the bank.

Consider the parties some companies had with the bailout money and the crazy bonuses. Whoever heard of someone running a company into bankruptcy and getting a bonus for it? Someone had to step in and stop the insanity.
 
Unless the current administration shows some serious changes, I think it will be a one term deal.

And looking at the previous 8 years it might be the time that a new party emerges.

Americans don't have the political courage for a new party to emerge that would actually make a difference. That's a pipe dream.

And unless Obama leads us into another disastrous war, he's almost assured of eight years in office.
 
Americans don't have the political courage for a new party to emerge that would actually make a difference. That's a pipe dream.

And unless Obama leads us into another disastrous war, he's almost assured of eight years in office.
I think I have to agree with you on both counts. I've seen too many so called 'americans' who have no clue what freedom really is, or the cost that comes with keeping it. Too many people have either become brainwashed in to thinking that the US government created this nation and 'gave' it's citizens some rights that they can change at will.

As to 8 years for Obama, yeah, it's going to happen because the mainstream media won't do a damned thing to upset the democrats while a media bailout is in the works. They will continue to kiss the ass of the corrupt democrat leadership and destroy any attempt at the people trying to learn the truth.
 
I think I have to agree with you on both counts. I've seen too many so called 'americans' who have no clue what freedom really is, or the cost that comes with keeping it. Too many people have either become brainwashed in to thinking that the US government created this nation and 'gave' it's citizens some rights that they can change at will.

As to 8 years for Obama, yeah, it's going to happen because the mainstream media won't do a damned thing to upset the democrats while a media bailout is in the works. They will continue to kiss the ass of the corrupt democrat leadership and destroy any attempt at the people trying to learn the truth.

We are an invented people .. kinda' wimpy, lacking in courage, easily manipulated.

That being said, republicans can't blame the media or anybody or anything else for their demise but themselves. Their rule was mindless and completely destructive.
 
We are an invented people .. kinda' wimpy, lacking in courage, easily manipulated.

That being said, republicans can't blame the media or anybody or anything else for their demise but themselves. Their rule was mindless and completely destructive.

on the invented people part, i'll disagree. most of the people in this country now are exactly as government intended them to be....molded in to submissives.

yes, the republicans in office melted their own party because of their idiocy.
 
STOP THE PRESSES .. right-wingers don't like lies.

:)

I didn't vote for Obama, but I recognize that most Americans agree with him on a great many issues and I'm pretty damn sure there won't be much outrage over banks being forced to accept anything while holding their hands out for taxpayer money.

The "change" Americans believe in is changing republicans out of power.

That is a change that makes the whole world smile. :)

It's getting harder to recognize both parties are completely corrupt, yet still be a partisan hack, isn't it?
 
on the invented people part, i'll disagree. most of the people in this country now are exactly as government intended them to be....molded in to submissives.

You make my point. We are invented .. but government didn't do it. We are shaped and molded by Hollywood and its false images, the racist njotion of American superiority and exceptionalism, and teaching a false history that never tells us the truth about ourselves.[/quote]
 
You make my point. We are invented .. but government didn't do it. We are shaped and molded by Hollywood and its false images, the racist njotion of American superiority and exceptionalism, and teaching a false history that never tells us the truth about ourselves.

what false history? what truth about ourselves?
 
You make my point. We are invented .. but government didn't do it. We are shaped and molded by Hollywood and its false images, the racist njotion of American superiority and exceptionalism, and teaching a false history that never tells us the truth about ourselves.
[/QUOTE]

Yes, I would throw in the shaping done to us by our capitalistic systems as well.

You are nothing unless you buy our product crap.
 
You make my point. We are invented .. but government didn't do it. We are shaped and molded by Hollywood and its false images, the racist njotion of American superiority and exceptionalism, and teaching a false history that never tells us the truth about ourselves.
[/QUOTE]

Just as those notions of ourselves are propaganda, it's also propaganda that the people and the government are one and the same, they are not, and that's becoming clearer each day. Your hate should be directed to the military industrial complex, and not they citizens they hold hostage with guns bought with money made out of thin air, but put on the people as THEIR DEBT.
 

Yes, I would throw in the shaping done to us by our capitalistic systems as well.

You are nothing unless you buy our product crap.[/QUOTE]

How about the fascist system? How's that tickle you?
 
Back
Top