I must be dreaming.

seemed fitting words for some reason, or lack of reason.

How is it Paulson is given a virtually private bank account with 700 billion in it to give out to the companies in need who through negligence – REGARDLESS of cause – made these bad investment decisions.

JUST to turn to blame focus for 10 seconds… Who would purchase any bundle of loan products, opaque and or any insurance pork tagging along with the product ? at such high leverage and risk considering they NOW find out – oh that ? I guess we bought garbage. Don’t worry – Paulson has 700 billion to write checks from -we’ll make it.

Meanwhile – the OTHER end here, those whose money was USED – that is, pension funds, all retirement related investments have been hit at 20%, nearly 2 trillion USD (and remember, the Dollar under Fiat is always bloating like a pork belly pig on prednisone)…
Why ?

Because of the Lehman’s – gone poof – 650 billion where’d it all go ? Who knows.

And the crazy side that Paulson now has 700 billion to give right back to the people responsible for negligently purchasing these loan products.

I say now that some corporations have been umbrella’d – it’s time for some class action on some of them for negligence.

Enron – if you recall had a shredder.

Paulson is laundering in public.

Besides, it doesn’t matter.

Let’s say – 2 trillion of US citizen retirement money gone ?

And Paulson gets 700 billion SIGNED IN – creating the world largest private wealth management fund ? Sheesh ?

US Citizen’s ZERO
Wall Street gets offers to join the 700 Club.

Wow.

Nice laundering operation though.

I want to see round one actually STOP at which party brought more negligence so that a settlement window can be discerned before proceeding.

Then we can watch hearing after hearing from CW to BAC- what a name eh ? Country Wide and they sure were.

The final exit act would be nice if it broke fiat.

Then ? short of ‘got scrap gold ? we want your dental fillings !’ venues to collect gold ? Nothing anyone can do but look back and say – wow – lot of money just was taken out moved over to gold and WOW – like Sarah Palin says, Ya know there just isn’t time for any finger pointing any more, we’re past that ! ? ? ? ? ? ? ?

I am voting for Bob Barr and other Libertarian candidates, they alone understand the fiscal and monetary roots of this mess – and how to fix it (responsibility for your actions! and less money to gov’t out of our paychecks) – and while I don’t agree with everything they say, I am tired of wasting my vote on Tweedledee/Tweedledum/more of the same and you gotta hand it to the perennially idealist Libertarians, they do not blow with the wind of the latest polls. So – waste your vote for McOld or Obummer, get much more of the same – or dare to be a little different. If not now, when?

just checked the kids education fund.

Lost $500 yesterday.

As of Today ? $30k growth from 20k in 3 years ago ?

Gee – American Funds ? ROCK SOLID ?

It’s down to $19,500

it’s BELOW what was invested three years ago.

To that I say – if “I” see 3 years progress just wiped clean ? and NOW ?

Actual REAL LOSS from money put in ?

from stable American Education funds (btw, note that Vanguard is squirming a bit lately) ? a LOSS

Just amazing.

Something very bad is happening.

That’s just $30k to $20k in a month.

Imagine someone retiring – 300k to 200k

JUST like that –

I’ve not heard one mention of the people who will be hit the hardest. Those that counted on their retirement funds being there.

Gee, if we can’t protect the dollar, we can’t do jack.

BUT – what good is it to promote the dollar if we let people sell off well ?

Come to think of it ?

You know who needs to be here ? the FTC.

FTC handles consumer fraud.

These investment banks took peoples lifetime investments, their nest eggs and spent them on phony loan products… .And no one seems to find that criminal or negligent.

Consumers can sue if there isn’t criminal prosecution, I’d hope.

Yes, let’s see a class action against Lehman – Bear Stearns – the entire lot of em.

BAC was worried about CW’s legal headaches – heh – let’s let the lawyers get involved and really screw things up folks.

Something is terribly wrong though.

Today marks the FIRST day we actually are LOSING real money deposited into the education fund.

If it’s happening to me ? It’s happening to everyone else.

We are now in reverse, we’re not even treading water, we’re going under.

$500 today. $10k losses over months

I can’t imagine what people watching their retirement nest egg go down the tube are thinking today. IF they even looked.

Leave it ride and risk it ? or risk taking it out and missing a rebound, if there is one.

I have no choice but to leave the money in there, the fees to take it out would incur certain loss on top of real loss already.

It’s interesting when an education fund, golden integrity – loses money.

I think that says something about the future of the US.

That we can’t even maintain positive growth financially for children ?

my god.

BEST part ? Paulson and Bush reward those that took part in laundering these intentionally created BAD loan products and leave those with IRA’s – and other retirement investments out to dry.

700 billion package was more like a back alley hold up.

“Come on man, no, we gotta do it now”

“why ?”

“Cause, I don’t know, I can’t explain it, just give me the 700 billion NOW or you’ll pay dearly”

Now we have influenced our economy by this fear mongering mindset.

Great.

Real smart.

Will any of that 700 billion by Paulson’s hand make it to help one citizen who’s IRA was ruined by the company Paulson WILL be helping ?

news at 11.

Voter revolt, wasn’t that the 2006 election issue? The voter revolt didn’t get anything done, except to hand over the the House and Senate to the Left Wingers, who have polled worse than President Bush.

Heads should roll, where do we start, Washington D.C., Wall Street, or big money people who have creatated 527’s and ACORN type groups? How about the MSM who have spread the panic and fear over this needed bail-out bill that appears not to be bailing – out the credit problem, but does appear to be smothering the American taxpayer?

Vote, stay educated, and be prepared.