lonie

Paulson's Poker Face: A Bluff by Going All In

This finance situation reminds me of living in Kunming,China in the wild wooly growth days before traffic controls.
Fender bender at intersection, 500 people gang around pointing fingers and yelling ,i know who was at fault . Police come,get out of here, clear the intersection and clean up this mess and get traffic flowing again ,we will figure out who the culprit at fault was later.
Here on Seeking Alpha is similar to a fender bender in Kunming.
By a philisopher ,who i do not know :
" So the thousands of men of America disputed loud and long. Each in his own opinion , exceedingly stiff and strong. Though each was partly in the right , and all were in the wrong."

Paulson's Poker Face: A Bluff by Going All In

Jefferson:

Good article,i mostly agree with you . Now is not the time to quibble .
I don't think most people understand monetary affairs and are leary of what we have . Credit is money,money is debt needs to be changed or at least controlled better. Now is not the time to build a new system. Get this one back to working for now and when the good times arrive again ,if ever, then start making purposeful changes slowly that don't wreck the financial system again.
What we have now has operated fairly well and we don't want to plunge headlong into another system that is mostly unproven.
Most blame this on the housing situation but the root cause is the cost of energy. The way America is set up it is almost more important to have a car than a house. No car, no job ,no eat , no house . The choice was made, i keep the car, job and eat, hell with the house.
Yes, people were over extended in overpriced home and other items.
That is a failure of our education system. It spent 8 years trying to teach me fractions many years ago and not one damned thing about finances ,i had to teach myself.
The money centers are also at fault for ever extending so much credit . In past 15 years i have probably received 300 sign here you are pre approved for credit. Buy a house , "dollar down and dollar when we catch you " . The scheme finally imploded.

When Fear and Disgust Hit Main Street

All i can say is : drop your Cox and put shorts on.

Entering the Endgame for Monetary Policy

Phil Antrophy:

Never happen ., it's a sensible thing to do . And you know that anything sensible will never happen , hasn't in my 50 years of watching politics , which is the root cause of the problems we face now.
You proposal makes sense , therefore you would never make it into politics . Damn, we need people with a brain running the country.

The Calm Before the Storm?

Blue collar guy :
I am also a blue collar guy . Twenty five years as mechanic in aluminum mills and steel workers union.
I am not smart , just smart enough to know that i wouldn't want to be president even if i were Jesus Christ .
The country is going commie anyway ,so what we need is an Uncle Joe Stalin to lop a few heads and send a few to Point Barrow , Alaska as slave laborers.

I'm Speechless: Palin on the Bailout

The country and half the citizens are in shit to their neck and we have these four clowns running for the top spots in government .
What a year it will be!!!!!!

The Calm Before the Storm?

Politics. The Jackasses and Elephants have to bray ,snort and kick the stalls a bit and try to manuver to a position that makes them look good no matter what the outcome. Much Obfuscation , so that in the end no one knows what in hell happened.
I have no doubts the bailout will occur because politicians love to piss away money but i have no idea whether it will succeed or fail.
I am in Thailand . I watched about 2 minutes of McCain and Obama debating on Bloomberg . Disgusting just to think one will be the next President, turned it off.

The Secret Villain Behind Our Economic Collapse

Axelrod608:

You'v taken the words right outa my head. Your right , don't blame all of us and i don't want to pay for a damned scheme i didn't participate in . Let the bare ass dancers pay.
Well written so i will quit for now.

Bailout in Installments Is Still Nonsense

You can't team up an elephant and a jackass and expect any thing of consequence to happen ,good or bad.

Analysts' Oil Forecasts Wildly Off Base

Brian:
I wouldn't put very much faith in what economist say. They think money will produce anything.
This week is a good example .It has probably produced many a yaht or ferrari.

Bank of America: 'Paulson Plan Benefits Mostly Goldman, Morgan'

I think now would be a good time for the public and states to begin a court case against the Federal Government for miss appropriation of federal funds , namely federal tax dollars.
As i understand the Constitution there is noting that says we should bail out private enterprise.

Bank of America: 'Paulson Plan Benefits Mostly Goldman, Morgan'

Good article Michael.

There is no way ( Colonel Klink ) Henry Paulsen would favor his best interest in his thousands of shares in Goldman Sacs .Would he?
What in hell has this country's policies came to?

How much more crap do those in positions think the public will take before they start destroying the pack of political and financial Hyenas circling our camp ?

Hedge Funds The Next Leg Down?

As most know or should know ,that any government program projected cost is never what is stated . I wager this proposed 700 billion bailout will turn out to be nearer 7 trillion before all the 550 + trillion of so called toxic debt is cleared up .
As a tax payer i am fed up with bailing out every damned scheme that comes up in the world . Argentina,Mexico and many others.
Bah,Humbug !

Senator Dodd Revamps Paulson’s Bailout Plan

Isn't some of the proposed watch dogs part of the original problem ?
Yes, we have to have lots of confusion , cover up so that in the end no one knows what in hell is going on , especially red necks that might have the propensity to become violent and take matters in their own hands.

Yes cut executive pay if they have to come begging for my tax dollar. If they don't join because of cut pay ,good fricking deal .
One pissed off American.

Jim Rogers Doesn't Like the Paulson Plan

Why flatter him with the " uber ' , think he will give you a kiss ?