Why again did we bother with the bi-partisan stuff?

Wall Street Gods Not Happy

Must Feed More Sacrifices

Gods down 350 points, Angry

James Galbraith with crystal clear insight into the stimulus package and how it relates to the much larger bailout package.

Does the Treasury plan on doing a meticulous audit of the bailed out banks?

Because, if not, we are being flim flammed.

The capitalists in the market know that private money will want due diligence if and before it buys that trash, they don't want any part of Geithner's plan.

Ergo, the market falls hundreds of points. They want free money.

Until Treasury does audits of the biggest banks and uncovers the fraud that is in there, we will have one failed bailout after another.

The stimulus without a banking system will be good money after bad.

Amy Goodman with James Galbraith.

Economist James Galbraith: Bailed-Out Banks Should Be Declared Insolvent

Here

My previous comment here.

Obama seems to like Ronald Reagan. Reagan had a plan to nationalize the banks.

AMY GOODMAN: Professor Galbraith, are you for nationalizing banks?
JAMES GALBRAITH: You know, I think the term is a political misleading term. I learned a few months ago that in 1982, at the time of the Latin American debt crisis, the Reagan administration’s FDIC had a contingency plan to nationalize the major banks in the case that a major Latin American country—let’s say Mexico or Argentina or Brazil—had defaulted outright on its debt. This was not something that administration would have wanted to do. In the end, they didn’t have to do it. But they had a plan to do it, if it was necessary because the banks were rendered insolvent by the running to ruin of a major class of assets.

clip - please read and listen to the entire interview.

…We are doing what regulators always have to do, in conservative and liberal administrations, faced with major intractable insolvencies in the financial system. If you don’t deal with that, the problem of fraud and loss gets worse. And the losses that are incurred after insolvency losses that fall on the taxpayer, because they come against deposits that are insured. So, one way or another, until we deal with this, the taxpayers’ liability just gets bigger and bigger.

After the bailouts all fail, they will finally nationalize the largest banks. Meanwhile the banksters will have absconded with hundreds of billions.

And the market spoke.

we don't have the money for this outrageous SPENDING.

what got us here in the first place - SPENDING beyond our means.

Hello everyone. I wrote to Obey, and hope that he got my message. The way I understand the process, Representative Obey will be leading the House negotiators in the upcoming negotiations to settle differences between the House and Senate versions of the stimulus bill. Whereas the House bill has its flaws, it's much better than the Senate version. I think the more people, who contact both Obey and Nancy Pelosi and express our support for THEIR side, the more likely we will get these cuts restored. So again, please call both Obey and Pelosi and make our voices heard.

What would it take to get all of us out spending again? I don't mean going into big debt, but just spending, say the way you did maybe five years ago.

One i thought would be pretty effective was underwriting states to replace their auto fleets...

for you folks who worry about your neighbors' thieving proclivities, I invite your attention to the bnks, which will have collectively sucked up more money for far less return on investment than would ensue even if somebody diod scam the govt for a couple extra thousand...the scammer'd at least spend the ill-gotten gains, while the bankers just buy more and more banks...

listen folks, i'm too old and ill to survive the complete implosion of the whole shebang.

if this all goes south, there's gonna be civil war, at least...among the Pukes are no few who will, this time, see the whole edifice fall than 'surrender' again...

We're headed for Weimar Zimbabwe territory now.

pretty good to the sheep...

Why does my mind seem to think this is a good thing

But my stomach doesn't?

Does the final vote on the revised bill require another cloture vote in the Senate?

10 million new jobs can be created if 100 million pot holes were filled on our highways and streets. It would guarantee that no person was left without a job. There is an endless supply of pot holes and always new work that has to be done. The program would pay for its self by eliminating the need for welfare and unemployment payments. Putting America to work is as simple as filling a pot hole.

I think this is a set-up by the GOP. Collins and Specter are in increasingly Democratic Districts
and have been cut loose by the GOP. to vote for this Bill that will most likely fail because of
the cuts that these so called moderates tricked Obama into making. The Republicans managed
to get there Tax Cuts into the Bill without Risking any Political Capital by actually supporting the Bill.
Dems. 0 Repubs.. 1

No one wins and i am not wanting the Republican's to further there Twisted
agenda But this how they think. That's all im sayin.

This has to be the greatest swindle in the history of modern politics. Obama appoints the PRESIDENT OF THE FEDERAL RESERVE (a nongovernmental international banking cartel) to serve as Sec of the Treasury thus completing the take over of OUR government.

Now they "need" to rush OUR MONEY to the banks so they can LEND us the money. This observation is but one of many to prove they are digging the hole deeper trying to save this immoral DEBT ECONOMY. We have financed a consolidation of the finance community from which we will all suffer. What will come from this is SUPER INFLATION crushing savings accounts and all those who arent holding a wheelbarrel full of this funny money we call Federal Reserve Notes.

Obama is nothing more than another banking whore placed in office to run against a cantankerous old man who had zero chance of winning which was AS PLANNED by these money changers, who have completely taken over the reigns of government. There is NO WAY to change these bastards other than COMPLETE non cooperation.