Profile picture for Mr Caveat

Paulson LIED to us

 

this small piece of info has been completely ECLIPSED by the media, i never heard it mentioned once all day. i thought about it and this really deserves its own thread

 

LINKY

 

 

Fed makes billions available to battle crisis

 

  • That move will triple the supply of 84-day loans to $225 billion, from $75 billion, the Fed said.
  • All told, the total amount of cash loans -- 84-day and 28-day -- available to banks will double to $300 billion from $150 billion, the Fed said.
  • Moreover, the Fed made an extra $330 billion available to other central banks. ...That total is up from $290 billion previously being made available through such arrangements.

and paulsen was going to do this "reguardless of the bailout", in fact he made these moves BEFORE the vote.

 

it was always his plan to issue 630 BILLION in loans in addition to demanding his 700BILLION bailout package.  a combined total of 1.3TRILLION dollars or 1,330,000,000,000.00 and he was pegging this as a 'rescue'.  he lied and said the senators HAVE TO act now, HAVE TO act quickly, HAVE TO trust him. i am sorry but i cannot accept that this bailout was a ruse



  • September 30 2008 - US
  • 1
    1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (12)

Profile picture for Mr Caveat

to be perfectly honest i am more okay with this "style" of bailout than the other one that congress is now working over the holidays to hammer back together after it fell apart. the whole loan thing means that it protects us from inflation which is sooo important to me

  • September 30 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Mr Caveat

oh and just to put it in perspective 1.3 trillion = about 5k per person of voting age.

  • September 30 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Sir Allan

     I am glad it failed as well. And to tell you the truth, I am sick of the President, sick of this loser Congress, sick of this 2 years straight campaigning for president and sick of the corrupt media who feeds it to us every step of the way.

    Lol. Sorry for the rant.

  • September 30 2008
  • 4Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

HANK knows and knew more than he ever lead us to believe.  He could see the "big picture" forming last JUL (200&0 when he and Ben started this patch job.  The main thing they did not think of happening was a continuous double-digit slide in RE prices and sales figures.. They could not "hide" the problem any longer. The propping of companies that have since failed when we were told buy HANK himself we well capitalized weeks before their demise shows...he knows.. and this is simply an "umbrella" of calmness to escort the casualties without further incident. The potential problem is much larger than $700bill or $1.3trill anyway, so if it has too much momentum, nothing will stop it... Like Mother Nature.

  • September 30 2008
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for toner cowboy

What is the max they can lend?

  • September 30 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Coconutcream

Ummm....I heard it on the news yesterday morning.

  • September 30 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Mikal1

That who can lend?  The article below is talking about the primary issue, and I'm really struggling to grasp why the "bailout" is even one of the better approaches.  Unless you view it from a wall street perspective.  And that little clause in the bailout about reviewing mark-to-market..... it really seems like the bailouts primary objective is to artificially prop up wall streets balance sheets.  OK, maybe that might make them more prone to lending to each other (and thus freeing up credit more widely), but then again, they could just as easily say thanks for the cash, we're going to to sit on our nice, healthy balance sheet and ride out the storm.

 

Why not keep attacking the issue directly? 

 

MW

  • September 30 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for greg1231

This issue is less about the RE market and more about the shaky financial future of the US. The stock market will continue volatile downturns and short upticks, and unemployment will rise. Credit will be tighter and more expensive. Troubled industries like the auto manufacturers and airlines will have a tougher time borrowing, and small businesses are more likely to fail. We will see more mergers of large corporations. Buyouts and consolidations in the banking industry will translate into more fees paid by consumers. The big, three banks will exert major control over credit. The ramifications of them becoming monopolistic are frightening.

  • September 30 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for sunnyview
I think the monopolies are inevitable. No regulation and no oversight is what made this housing mess worse in the first place. If the government did what was best for the people, they would enforce their own regulations. I read something yesterday that said if banks like WaMu, Fannie or Freddie were too big to fail that they were too big in the first place. I tend to agree.
  • September 30 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for ebh123

We've been lied to for generations just so the  world banking industry elites can profit.

 

Part 3 of the movie "Zeitgeist" which is available for FREE on YouTube as well as the movie "America: Freedome to Facsim" should be REQUIRED VIEWING for every American. Even those who THINK they are too erudite to take a recommendation from someone from a forum like this.

 

Zeitgeist shows how this dates back to the 1700s.

 

Democrats and Republicans in Congress have to be dumb as doornails to vote for a taxpayer sponsored bailout just because Paulson says so. He's bailout trackrecord is pretty pathetic.

 

Furthermore, contrary to what Paulson and other so called "experts" say that the end of the world is coming without a taxpayer bailout --BUT NOT THE REAL EXPERTS such as Ron Paul, the only one with a clue it seems in WAshington--- the worst thing that will probably happen is prices will be forced back down, college educations will become affordable as college loans will be scarce and both businesses and consumers will be forced to live within their means and stop abusing credit. A taxpayer bailout to give credit to banks just hurts the taxpayer and enables the credit abuse to continue. Keep Congress.org handy so you can email your elected officials in Washington to remind them, as I have been doing, that come their re-election, I will REMEMBER if they did the right thing or not and vote for someone else if they support and vote for any bailout sponsored by taxpayers. I suggest, you do the same. Emails, phone calls and faxes work! All it takes is a few minutes of your time to let your elected officials know what you want and to remind them they are there to serve YOU NOT the other way around!

  • September 30 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Sir Allan

     Everyone not in Obama's corner is now blaming Nancy Pelosi for consistently playing partisan politics. She consistently cut Bush a new one . Then Mc Cain, then the rest of the house republicans. If this was supposed to be a bipartisan effort she sure did everything within her power to make it partisan.

     Everyone in Obama's corner is blaming John Mc Cain .

  • September 30 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Mr Caveat

lol ron paul is "the only one in washington who has a clue" ehh? he knows better than paulson does he? LOL

 

as for pelosi? hey i dont care who torpedoed the bill, the first person to stand up in congress and say "i put the people before the banks, i will do everything i can to protect the taxpayers" thats who gets my vote.

  • October 01 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.