or who make large job cuts

Shouldn't have added this part...

Barney Franks better look out they are coming for your heterophobic waste of flesh (PIG).

This is regulations you cannot stop you piece of garbage, like you did to the regulators who wanted to protect Fannie and Freddie as your were chastising the auditor who knew better and low and behold guess what Fannie and Freddie were not sound and stable and needed regulation so that made the auditor right and made you, Waters and others look foolish.

As for the hedge fund companies, its time to regulate and ensure you all play fairly to ensure you are not crushing companies just becuase you think you can.

It's about time.

I must digress, it is a little late. But I am curious who is going to be the grand poohba of deciding what is too risky for a financial institution? Because all of America wants top invest with that person.

Ahh well placing regulations on the Harvard grad that came up with the term credit swap and mortgage swap is a good thing, but shouldn't somebody have gone to jail by now?

The "Big Stick" is coming. Lets hope the lobbyist do "whittle" this down to no more than a toothpick!

Incompetent socialist scum bags - all of them!

Sometimes a large job cut is necessary to keep the company a float.

I agree and would add that once you have achieved your goal [regulations] and have made significant progress at strengthening your convicton in your core healthy beliefs, you might think that you can rest on your laurels [as the Republicans did for the past eight years] and that maintaining financial health will be a breeze. If you think this, you are sadly mistaken; perfect example being the financial conditon of this country when handed over to Pres. Obama. He actions shows that he understands that there are two reasons why you cannot rest on your psychological laurels. [1] As a human, you have the tendency to backslide and suffer lapses in your progress [AIG and others]. [2] Maintaining the financial health of this country require a specific type of [work]; in the form of properly placed and enforced regulations as this administration is asking for. IF A LEECH, TICK OR BAT COULD BE HEARD AND UNDERSTOOD WHEN PREVENTED FROM SUCKING BLOOD FROM ITS VICTIMS ; THEY WOULD SOUND JUST LIKE ALL OF THOSE WHO WILL FIGHT LIKE HELL TO PREVENT THE REQUESTED AUTHORITY FOR NEW REGULATION.

It the Economy Stupid!!!!It amaze me why is the treasury still under staff ?? only 2 out of 18 position filled, This should have been one of there very first thing done get people into place, We need to fix the economy !! Not trying to take over PRIVET BUSINESS for your SOCIALIST agenda!

I view the "socialist" rhetoric as a barometer of just how potentially effective any policy might be- judging by the response to this one it sounds like it should work really well to restore order to the marketplace.

The last 60 days did not put us in this situation. The last 8 years did and the Rushians have still not come up with a plan. They don't need to, they don't have the courage to do so. Good Old Politics " do as I say, not as I do".

The Rushians are comming! Legends in their own minds. Palin/Steele 2012

This is a man who has been in office for less then 60 days and he wants to rewrite the job. I say, let him prove that the exisiting authority is insufficient before granting these new sweeping authorities. We just better be careful, move more slowly then we have, give the people the time to read and understand what is being asked.

While we need some sort of regulation to stop the credit default swaps and otherrisky scams, he is going a too far byseizing businesses. If good regulation is in place, there would be no need for seizures. At first, I was wary of new regulation, but since the greed factor has gotten us here, and I'm not hearing where the companies were going to stop offering these "gambling" programs, the govt. has to step in.

This is ridiculous. When they could have make some regulations for Fannie Mae and Freddie Mac and stopped this economic crisis, they did nothing...and I don't mean the Republicans...it was Barney Frank, Dodd, Pelosi, Reid and other Democrats who said they didn't need to be regulated. This is all a ponzi scheme of the liberals to CONTROL every aspect of this country. If they are allowed to get this regulation, business all over the United States will fall into this trap. They will be telling every business in America how much they can make, who they can hire (unionize everyone), how mucdh they can pay their employees, etc. They can't even regulate the businesses that they have control over, why the hell should we give them more power...and this is all about CONTROL AND POWER. If anything, the people of America should ask for their resignations for getting us in this mess. And for your information, Mr. Jerry Williams, the last eight years of Bush did not create this mess... Congress was warned by Bush in 2001 and again in 2003 that Mae and Mac needed some regulations because of the way they were insuring bad loans, and again in 2005, McCain introduced a bill to regulate, with Barney Frank stating that Mae and Mac were fine and didn't need regulation, so the Democrats shot it down...remember, that the Democrats have had control of the Senate and House for three years. Do the math and stop blaming everything on the Republicans and the last eight years...you sound like the dumb cluck we now have for a president. That's all he does, point the finger and recall the last eight years...well, the last three of those eight years have been under Democratic control. The Democrats knew that our economywas in trouble, but in order for them to have a huge problem and win the election, they had to go ahead and let Mae and Mac fail so they could point the finger at Bush,, then they could present us with the Messiah and he could solve everything. The only problem was that they, as usual, were stupid and had no idea of exactly how bad this was going to be, and after electing the Messiah, he could not solve the problems brought on by his own party. He coundn't solve tieing his own shoes, he's just a community organizer and skinny attorney, who loves himself (narcissic) and doesn't have a clue how to solve anything...just talk, no substance. All of these things that the Liberals are trying to do is to take over our country, suppress capitalism, share the wealth, limit our rights and trample over the Constitution. If Timothy Geithner cannot work a simple program like Turbo Tax, how the hell does he think he can be in charge of all of the businesses of America. He is a liar and tax cheat, and that goes for his boss also. First socialism, then communism, and then outright dictatorship. WAKE UP. These people do not give a damn about you or me...they want the power so they can continue to fill their own pockets with our money.

Socialists...all of them!

Has anyone asked Obama if he considers himself a socialist?

Sanity check for global economic meltdown:

GOP - people bought more house than they could afford.

Dems - perdatory lenders took mortgages then were sold
30 times and AIG deemed them AAA rated securities.

If GOP right, people would loose their house.

If Dems right, global house of cards tumbles.

I'd say Dems want to stop 30X kind of risk !

let him prove that the exisiting authority is insufficient before granting these new sweeping authorities. We just better be

You been off in a cave for awhile? We are staring the results in the face that existing authority is insufficient.

Techie you must be on the sauce again yoour post need work.

techie22 - Not to be mean or anything - I'm really just asking - but what was your point?

How about this, we admit that parts of both parties have flaw and parts of both parties have merits. For the republicans, it's time to admit that complete deregulation was a bad idea. For the democrats, it's time to admit you can't afford all of your social agenda. These seem to be the 2 biggest sticking points everyone is complaining about on newsvine. We've lowered our heads and closed our eyes and keep repeating to ourselves that we are right!!!

While we are reshaping the universe, let's pick up on a good idea by Sarkozy - "There shouldn't be any more bonuses, distribution of free shares or stock options in companies which get state aid" or who make large job cuts, Sarkozy said late Tuesday in the northern town of Saint-Quentin." Just write this into law - by Friday would be good - and then let's get back to work.

What you want is clearly Socalist. Let the markets decide what CEO's, CFO's, ect should make per year. Anything less is Socalist, and apparently, thats not cool in this country.

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END THE FED. PERIOD. THIS GANG OF CRIMINALS HAS GONE ON TOO LONG.

endthefed.org

gamerk:

While we are reshaping the universe, let's pick up on a good idea by Sarkozy -

Sarkozy has never had a good idea. In fact, I don't think he's ever had an idea that wasn't given to him by David Rockefeller -- and Rockerfeller's ideas -- such as those Geithner is carrying out -- truly suck

Socialism here we come. This really sucks!! First our money then our freedom of speech or should I say our lives are about to be controlled.

Regulations are only as good as those that impose them.

This whole scenario reminds me of the good ole boys club. They just keep reshuffling the same people who do nothing more than watch each others back. Take Madoff for example. The SEC did not act because he was "one of them", so of course he could not have done what people were saying right? WRONG

Another problem with the "good ole boys club" is that they are all major contributors to campaigns, so how hard is the government going to look, lest they bite off the hand that feeds them.

This is a problem that will not be solved by more regulations and will definitely not be solved by putting the Federal Reserve in charge. If this goes thru, we will be owned by the Federal Reserve before it's all over with.

Why do people constantly attribue Socalism to loss of rights? Sure, things like education, healthcare are strictly the governments job, but outside of that, most everything would remain the same.

I can agree with this. But the current administration wants control of EVERYTHING!

If they wanted to truly fix the problem they would stop supporting BAD behavor and punishing good behavor.

Are there any original Democrats left?

NOT what you have degenerated to, but original.

There is NO institution, financial or otherwise, that is too big to fail. If their internal controls and regulators allowed the manipulations and risky ventures to begin, continue and ultimately drive the company into insolvency, so be it. There are other companies that after a short period of market correction can and will absorb the failed companies accounts.

The problem with that logic is obvious; this is exactly what Bank of America did, and those bad accounts have caused BoA to be another TARP victim. The problem is, there is no one large enough to even consider buying BoA; even the US government doesn't have that much money...

The reason this happened was simple: parts of the market were left unregulated, and comapnies invested into an obviously overblown housing market, which people predicted back in 2006 was due for collapse. Credit stopped, and comapnies that do transaction largly on credit had no means to perform their day to day business. They lay off people to save money, which reduces consumer spending, farther hurting companies that make expensive goods (IE, cars).

Everything goes back to the Credit crunch; the housing market was simply the trigger to the real crisis (most people are too stupid to realise that no loss occurs on a house until it is sold; if everything were equal, a 2000 a month payment on a 500k house is the same as a 2000 a month payment on a 250k house).

The idea is to give loans to the banks, and guarentee their assets to try to get them to give credit again (albiet with much higher standards), which will get business moving, and will gradually end the recession. Of course, like all loans, they are subject to interest, and assuming no major company goes bankrupt, government coiuld make 10% on its 1 trillion investment (100 billion) within the next 15 years. (Example: Chrystler bailout of the 70's).

The flip-side, is if these same companies do go under, not only does government lose the money it invested, but the financial markets will farther pull back, resulting in frozen credit and more layoffs. Worse, wall street investors (myself included) will panic, and there will be a crash of at least 50% (assuming its a GM/AIG type that goes under...)

Obama's plan is a massive risk, especially if things are worse then he thinks. If he's right, however, taxpayers will gain as a result of interest on the loans. And with new regulations that will give the fed the right to break up companies "too big to fail" if they go sour, something like this can be prevented once and for all.

WmDavid [#1.10 Please read [or re-read] #1.7 and see if I had answered your question; before you asked it.

If capitalism had not gone to the extreme right - right off the cliff in greed and corruption and fraud, then we would not have to have so much regulation. So for those of you who scream socialism - you and your friends in Wall Street did this to yourselves and leave no alternative but to wathch every move you make like a hawk! I don't see Obama's plan as socialism at all, but I do see we must watch these guys like hawks as well as both Dems and Rpubls in congress and senate - outlaw lobbyists! Just because government is forced to watch over our economy does not make us pure socialists - so get real and get off the socialism agenda.

There needs to be limits placed on executive compensation and no golden parachutes!! ceo's cfo's top suits are way way over paid !! this sh!t has gone way to far... France has the right idea

GOBAMA....from Wall Street to Fall Street....throw 'em all in jail

Yes. They are planning to send him to TurboTax Professional cheating school so he can hold all of your money at no cost to him.

This just takes the cake. Our government wants to control the same entities they ruined and are bailing out. What a joke.

So you want then to continue to operate " business as usual". You are the joke!

That's right PJ, that was always the plan. You(institutions) take the money, we(gov't) own your decisions. This is socialisms beginning stages. Then universal healthcare, that won't work and so on and so on. And trillions and trillions and trillions and trillions, all while telling you, it is for your own good. I miss being a free capitalist country, it was good while it lasted.

...and what is wrong with everyone having heathcare?

Oh, I see you care only about yourself and no one else! Me, me and only me!

...and you wonder why this whole country is in the crapper!

Explain how this is socialism or shut up with that rant. The same controls are now present for BANKS DUHHHH

Kinda puts you goofy comment in its place does it not

Had these controls been in place in the past we would not be facing the problems we do now. However there is a key I did not see in there and that is foreign investment. Either the foreigners do the same thing or these people will just shuft their dirty little schemes offshore.

Spreadex, Duh. If our Congress would have done their job after properly warned several times then we wouldn't be in this mess. Now the Fox and tax cheat wants to guard the henhouse. What a travesty. And Obama thinks it is grand. Just another step to more government control. Chavez must be laughing up a snit.

Kmatin, universal health care does not work. We have the best health care in the world, the most advanced research. Again, like Clinton before him who tried to re-direct the attention from the real problem, we are address the cart before the horse. The real problem is the all powerful lawyer lobby that is alive and well in Washington. Tort reform needs to be addressed before health care, since the torts are the legalities that drive health care. By that is a problem for another day.

Todays problem is this clown sitting in the Treasury seeking such broad authority that our founding fathers are rolling over in their graves. Under what provisions of the Constitution is this individual seeking authority over private industry who like all industries goes through market cycles. If he lets the free market work there is no need for greater authority, the market place does that.

Being in the health care industry for over 11 years, I can tell you that Universal Health Care will not work in this country. The physicians who are over 50, and you can take a toll, that would probably be over 75%, would simply retire. They didn't go to school for 12 to 15 years to be paid a measley salary as dished out by our stupid government. The pharmaceutical companies will quit research...if they can't make money, why bother. New technology in machines will die. So what the hell good will it be if you have Universal Health Care when you have no new medicines, no new technological advances, and no doctor to visit? It doesn't work...has not worked in Canada and is not working in Switzerland. This country will dry up if we allow Congress to make sweeping reform in Health Care and Regulations over American Companies.

I love reading the comments about how if our government would have done it's job we wouldn't be in this situation to begin with, so very true. The congress, both parties, can howl all they want at companies like AIG but they need to realize they are there to serve us, not the business industry.

Democrats and Republicans alike deserve our wrath more than AIG, et all, we should be pointing our pitchforks at the Capitol Building. Remember this come 2010, forget party lines and your boy who's been there for 30 years now, pick NEW candidates, leave the incumbents at home next election cycle.

Even now there is banking legislation before Congress regarding how they charge overdraft fees, the bank knows when there's no money in your account but as a "service" they pay the overdraft and then charge you a fee. Congress was writing a bill that we, the public, would have to request this service, "opt-in". The banks want us to have to write them and request they don't do this, "opt-out". The banks realize how much money they would lose if this was "opt-in" and have decided to lobby congress. Pay attention and see how your reps vote, for you, or for the banks.

Send Congress Home, no more career politicians.

Scrooge 2 you need a lesson in how things work in the financial sector and then you would not make foolish remarks like you just made.

If our Congress would have done their job after properly warned several times then we wouldn't be in this mess.

This is the common deflection used by republicans and those who chose to ignore existing laws on the books. Three agencies The FED, Treasury, and The SEC are responsible for implementing and policing the financial industry. The FED Greenspan said he was surprised that they did not regulate themselves..The treasury was run by a guy who took Goldman Sachs into the Credit Default Swap business and he appointed the head of AIG. When he gave them (AIG) 80 billion dollars the first thing AIG did with it was bail out Goldman Sachs. The SEC could not even catch onto the guy who stole 60 billion and is in jail. That guy is a post monkey.

Congress has oversight and all three of these people go to congress and ask them for laws to improve the financial sector or delete laws that are too cumbersome for them to operate properly. Oversight is not enforecement.

Jubak has and interesting column. He is a tout for stocks and a resident here on MSNBC. He calls this whole thing a heist and may be right.

Question: Why weren't state insurance regulators more aggressive in regulating AIG?

Answer: Because the federal government had forced them to back off. An aggressive interpretation of the definition of insurance could have let state insurance agencies regulate the derivatives contracts that AIG's financial-products group was writing out of London. These were, in fact, insurance policies that guaranteed the companies taking them out (banks, other insurance companies, investment banks and the like) against losses on securities in their portfolios.

But Congress had made it very clear in the Commodity Futures Modernization Act -- supported by then-Federal Reserve Chairman Alan Greenspan, steered through Congress by then-Sen. Phil Gramm, R-Texas, and signed into law by President Bill Clinton in December 2000 -- that most over-the-counter derivatives contracts were outside the regulatory purview of all federal agencies, even the Commodity Futures Trading Commission.
Before you blame Clinton this bill was attached to a mega spending bill to keep the government running at the time and was not a seperate bill like some would like you to believe.

With the new law on the books, the market for credit default swaps exploded from $632 billion outstanding in the first half of 2001, according to the International Swaps and Derivatives Association, to $62 trillion in the second half of 2007.

Question: Why wasn't Wall Street more nervous about the rising tide of leverage and the risk it posed?

Answer: Ah, come on. You know why: The new business model was incredibly profitable. In 1999, AIG's financial-products group had revenue of $737 million, Morgenson reported in the Times. That had climbed to $3.26 billion by 2005. And almost all of that was profit: Operating income was 83% of revenue in 2005. The biggest expense, by far, was compensation. Salaries and bonuses ranged, depending on how good a year the unit had, from 33% to 46%.

LOL a business with salries and bonuses that ranged from 33-46%. They took the money skimmed it and got a lot of people rich and if they did it they all did it.

Now after that bill was passed I believe we had multiple Treasury Secretary.and SEC chairmen and a chang at the FED and nobody raised a single red flag on this. In fact both Bush and Cheney have stated they did not see it coming.

TampaSteve, I could not agree with you more. Regardless of party affilliation, it is time we all voted out the career politicians. We need new representation, thus bringing in new ideas and new ways of going about the business of governing. When you have 30-40 year career politicians all we get is a rehash of the same old, outmoded outdated ideas.

I would not dedicate my pent up wrath only to politicians, since I dont think they are to blame, if in fact we can point the finger of blame to any single group of individuals. AIG. BofA and the like got us where we are through greed, dishonesty and deception. Hang them out to dry for sure. New regulation is needed in the financial industry because the people in the industry have demonstrated, beyond a shadow of a doubt, that they cannot be trusted. They have no morals, no integrity, no sense of what's right and wrong. Since the CEO's and so on are only interested in lining their pockets, those of us that stand the greatest chance of getting burned, need further government regulation to try to legislate these lacking morals, and to protect the little guy.

President Obama and Geitner have the right idea. Institute new legislation and protections to prevent this from ever happening again.

From another person in the health care industry.

One of big reasons your health care costs so much is because of the cost of malpractice insurance. There have been way too many frivolous malpratice suits against doctors - one of the reasons few are going into or continuing in obstetrics. Did you know that low income and welfare patients are the group most likely to file one? Who do you think benefits from these suits? Lawyers and insurance companies.

I think the good doctors will privatize their practices because they can only be controlled if they take government money - medicare and medicaid. In that case, you will have to be approved by the doctor and he will decide if he wants to treat you.

Sometimes a bargain isn't worth the price you pay for it.

If we have "the best healthcare in the world" then why are we ranked behind almost every other industrialized nation? We might have some of the best doctor's, research and technology available, but the system is all about the bottom line rather then the well being of the citizens.

Folks:

Very few of the replies I have seen actually speak about AIG or the other companies that were "too big for their britches"......I mean "too big to fail", or get to the real issue, which is why the entire derivative and subsequent credit default swap financial tools were allowed to exist without any meaningful regulations, which is by far stupider than the phony baloney home loans that were used as the underpinning for almost all of the failed securities that are the root cause for what may be the global failure of all of the world's business, and has more relavence than all the white noise we have endured about some rather unimportant millions larded on to the well placed idiots that are still working for any of these gigantic financial belly flop companies.

As far as I can tell there is plenty of blame to go around, so even after our current politicians try to dodge and parry and push others to the front of the line and shove others under the bus, there will be a bunch of blame left over for all that were involved in making or approving or allowing these occurrences, which in a perfect world would include past politicians that have rendered such bad service to the people who have elected them and expected them to uphold their oaths of office they took to protect this country.

Here is some information about "the beginning of the end" from a prior post.....

At the end of the day we see that J P Morgan Chase created these instruments of money destruction, (they have been allowed to continue living so far as I know, they should really be killed soon!); were hustled into law by the Texas crony of GWB, Phil Gramm, (R-Texas), (Between 1995 and 2000, Gramm was the chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. During that time he spearheaded efforts to pass banking deregulation laws, including the landmark Gramm-Leach-Bliley Act in 1999, {http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=106_cong_public_laws&docid=f:publ102.106}, which removed Depression-era laws separating banking, insurance and brokerage activities), and then signed by Bill Clinton over Christmas about a month before he left office, without review or oversight by any body with any party affiliation as an attachment to the overall spending bill for the country, (not a nice thing to do, Bill, you should have noticed the poop smell!). What a mess!

Credit Default Swaps were invented in 1997 by a team working for JPMorgan Chase^[7][8][9]. They were designed to shift the risk of default to a third-party, and were therefore less punitive in terms of regulatory capital.^[10]

Credit Default Swaps became exempt from regulation with the Commodity Futures Modernization Act of 2000, which was also responsible for the Enron loophole. U.S. Sen. Phil Gramm (R-TX) introduced the Act on behalf of financial industry lobbyists. The Modernization Act was rushed through Congress as a companion bill to the omnibus spending bill, the last day before the Christmas holiday^[11]. It by-passed the substantive policy committees in both the House and the Senate so that there were neither hearings nor opportunities for recorded committee votes ^[12]. The omnibus spending bill, which was 11,000 pages long, is the financial plan the government requires for everyday operations. President Clinton signed the bill into Public Law (106-554) on December 21, 2000.

For your continued amusement and disgust here is the Gramm-Leach-Bliley Act of 1999:

http://banking.senate.gov/docs/reports/s900sum.htm

This is the stinker that undid our country!

So we may find that the hubbub about the "retention bonuses" is interesting; and the call to beat up anyone involved with any miscues related to the bailouts are unanimous; and the work to stabilize the finances of Planet Earth may make us feel warm and fuzzy at this second; and that immediate changes in spending behavior, which is a lot like "being saved" may feel like the right thing to do; and the certainty that we will not trod down this muddy path again is resolute, it still does not answer the big question which is "WHY DID THIS HAPPEN?"

The Gramm-Leach-Blily Act needs to immediately be revoked. The markets spawned from this misdirected piece of.......legislation needs to be reviewed for legality. If this dangerous business is found legal it must be rescinded, forgiven and any untoward profiting from this stupid business must be reversed in order to save the rest of the financial well being of our planet.

The current fear is that the size of this money bomb is 600 to 700 trillion dollars. It obviously is a fabrication and a con scheme of some type as that amount of money does not exist on this planet. This is some type of theoretical financial nightmare.

It is time to act to halt all business involved with credit default swaps and derivatives based upon unsubstantial debt that was packaged as AAA rated and insurable financial instruments.

I hope this will lead to the time when we root out the frauds and their flunkies and their paid politicians and punish them.

I'm getting pretty sick of this crap. Where is the investigation and where will they hang the criminals who are terrorizing everyone in the world with these financial flubs? The one good thing is that I can get cheap airfare to attend the executions!!!

Good Luck!

Kmartin,

I really ticks me off when people like you say that those of us who are opposed to universal health care only lookout for ourselves.

Well, let's see, if I was as selfish as you claim, tell me why I am opposed to universal health care but have worked on MANY FUNDRAISERS for the past 15 years to help out those needing medical care and those less fortunate? Why is it that I have taught my children that volunteering your time, effort and money is something that we must do because "there by the grace of God"?

They get it, I get it, do you get it? Why is it that the government must be the solution to all of our needs and wants?

This is the same man who just yesterday stated that he would consider China proposal of a new world currency and ten minutes later the dollars went down in value and you want to give this buffoon more authority HE SHOULD BE FIRED!!

The key phrase in you post is " I have worked on many fund raisers for the past 15 years to help out those who need medical care and those less fortunate." Health care is a right not a privledge. Everyone should be covered.

Just my thoughts... you ask why? the answer is simple... one word.... the same thing that's driving the problems we are expereincing in the financial industry....GREED. Docs dont care about their patients, they care about their business model. It all comes down to profits.

A friend of mine, a Doc, once said to me that he was really pissed at how the healthcare industry was going, and stated that the days of wealthy Docs are over, and he'll never become rich being a Doc..... after all the years I spent in school, the hope of becoming a millionaire are gone. He was serious, and really pissed. You see, this is what healthcare is all about. Money and greed. What a shame.

If you dont believe me, check out Florida. I've lived in South Florida for the past three years due to a job transfer. so far I've gone throgh three different doctors, all of which I've "fired" as my family doc, because they are so cocky, full of themselves, think their asses weigh a ton, just flat out nasty bastards. One doc I called to make an appointment, to see if he was any different, told me that there is a $2,000 retainer that is required to visit his practice for my medical needs. Nothing special, just day to day family healthcare issues. I was shocked.

another example. My wife and I were on a week long visit to relatives in SC. She has asthma, and needs a "puffer" on a regular basis. Somehow, during the trip she lost the puffer. We called our doc and asked him to call a drugstore chain store in his area to call in a prescription. We would go to a local store in the chain, have them get the Rx from the one he called into and get the puffer she so desparitely needed. He refused to do this. This resulted in my wife having a serious asthma attack and our having to take her to emergency for treatment. Just another example of docs not giving a @!$%# about their patients.

In this country, you need to be able to afford the healthcare you need. Otherwise most docs will turn their backs on you. I welcome a system of national healthcare. Lots of countries have them and they work well. We should try to take the best ideas from around the world and develop our own system. It can be no worse than what i've experienced with the system we now have. Fortunately I have good healthcare insurance for my family and still have problems finding quality care.

Leprechaun - "A friend of mine, a Doc" I would have to question your choice of friends.

A friend of mine, (ER Doc) has always treated low income, single moms, without adding his fee.

sailorgirlgreen... I agree. this friend of mine, a doc, is no longer a friend of mine. He found a way to get his fortune, and now thinks his proverbial ass weighs a ton, just like the rest of the greedy docs I've run into in my search for a good, caring doc.

know any good docs in South Florida? I dont.

I have friends/relatives around the Naples area and can ask them if you are close.

There are good and bad in all areas of life - including Democrats and Republicans and everyone in between. Unfortunately, our media caters to the masses who thrive on "dirty laundry" and bad news.

Everyone who is as disgusted as I am with this negativism breeding more negativism, go to odemagazine.com. They are a magazine for "intelligent optimists" and you can read articles about individuals and groups that are making a difference in this world. You can even sign up for a daily email called "And now for the good news".

Makes me wonder if all the finger pointers in these commentaries really care to make a difference.

Our government is composed of three branches: executive, judicial, and legislative. Guess which one makes the laws. Whether you are a Clinton-basher, Bush-basher, or Obama-basher, great policies have been thwarted by party-politicing, career politicians in Congress on all sides.

Instead of finger pointing, decide you are going to be the change you want to see in this world and do something positive. Positive thoughts and actions bring positive results. Remember, everytime you point your finger at someone else, three fingers are pointing back at you.

Hope Texas you are absolutely right!! I hope everyone is prepared to have a glass ceiling put over their heads, we're about to be told how succesful we are allowed to be! Julia Roberts, George Clooney get ready for a major pay cut, from now on you'll only be able to make $500k a year, t.s.! And isn't Geithner the guy who was evading taxes for the last I'm not quite sure how long?? If it were a Rep., it would be a scandal! We're really screwed here!

Those of you who shout socialism for the response to this meltdown are just plain right wing propagandaists who have no clue what you say.

I couldn't agree more!!!

You suck??? My how mature Maybe you should go back to your studues and learn how to talk like an adult. Or maybe if you are and adult you have in the past benefitted from the mess and do not want you playing field bothered.

spreadex - One thing I've noticed over the years is that anyone who attempts to attack someone else on their level of maturity are more often than not immature themselves. This is just a statement, not an accusation. This is just something for you to keep in mind for your future postings.

And he just plain looks wicked.

"spreadex":

You suck??? My how mature Maybe you should go back to your studues and learn how to talk like an adult. Or maybe if you are and adult you have in the past benefitted from the mess and do not want you playing field bothered.

You should attempt to proof read your drivel prior to letting the world see just how silly/sloppy your replies are. I mean come on...there is the spell check icon right at the top of the window! At least that will improve it somewhat.

YOU SUCK! is my opinion of the performance emitted from Geithner. I wholeheartedly believe this person to be promoted WAY beyond his abilities. He needs to acknowledge that, step aside (or rather down), and allow better, smarter people to guide us through this crisis we are in.

"ck101": I agree 100%. There is something not right with his appearance and actions.

This is a message board and not a college tern paper. I have been on these boards for as long as they have existed. I find that those who post eloquent proof read statements are troll cutting and pasting. I do not do that and occasionally I do make a mistake or two. This morning for some strange reason when i clic k the spell checker it does not spell check. I have sent a message to Newsvine on the subject because it has happened before. Me thinks you do not like what I have to say instead of how it is written HAND

Add to that: Unworthy of our trust!!!! geithner, Stop trying to destroy our form of government!! The separation of powers is in place for a reason, CROOKS LIKE YOU, obama, and the obamajuana smokers in congress!!!!!

I think we should start a national email petition to get rid of Geithner - there is no change in government just the same old crimminals running things and because we have improved communication we are beginning to find out about some of these crimminals! How dare the president put a tax cheat in charge - he is not an example that our young people can look up to - the only thing young people are learning is that you can cheat and still be in charge to line your own pockets! If Geithner would cheat on his own taxes and the President did not do anything about it, you know like have him arrested and make him pay the taxes he owes with penalties like the average American would have to do - at this point I feel that Geithner feels pretty powerful - since he was allowed to be a tax cheat and be elected to run our treasury - what in the world was Obama thinking when he put this criminal in office - if this is the kind of people that Obama wants to surround himself with we need to impeach Obama & his friends! WE CAN DO IT - this is our country and we have every right to get rid of politicians who do not have the interest of Americans first - these tax cheats and Obama who let them run our government should be put in jail!

That would defeat their 'global monetary system'.

Mrkwildcat:

That would defeat their 'global monetary system'.

How would that work..?

It is all their plan and we just sit idle and let it happen. I am so sick of people discussing it and complaining but not enough people doing anything about it. Contact your representatives by phone, fax or email. We need to speak up NOW, or forever be shackled.

...and posting on this blog will change the world!

LOL

Lets look at this NWO thing. Would you if you were the head of the conspiracy want to continue the cause after this worldwide financial collapse? Before the fear was the trilateralists. Oh yes and the fear of the Iluminanti and other various Darth Vaders and the Sith types seeking world domintation.

While we sit here with the FED which is a small prt government and a large part private controlling our money supply. Fix whats in your own house before you venture next door to fix your neighbors problems I would say.

upswing, I wouldn't worry too much about a global currency in our lifetime. Half the people in the EU still hoard (and use among themselves) their pre-euro currency. And look how long it took to establish the euro, not to mention how one EU country in the conglomerate can push up the value of the euro, harming the economy of another EU country that lives on exports.

Absolutely. We must stand our grounds now. You and everyone must contact your representation. If we don't stop this nonsense now, we will be looking at a revolution to get back what these idiots are trying to take away from us.

spreadex:

Lets look at this NWO thing. Would you if you were the head of the conspiracy want to continue the cause after this worldwide financial collapse?

I understand your skepticism. It's a perfectly rational response to an insane plan.

But please don't confuse the messengers with the message.

I'm relating what others have openly declared that they want to do.

These NWO people do have the political and financial power center -- and they have had for at least a couple of generations -- to take a serious shot at effecting the change they refer to as the NWO, and that Bush senior prudly and dementedly announced on Septemebr 11, 1991.

They do not need to rely on Star Wars-type powers. That is a silly distraction.

All they need to do is to stack the deck per international policy, and to be left alone to continue to establish corporate supranational structures, such as the IMF, the WTO, the World Bank, BIS etc.

Remember, none of these groups, which wield unchecked global power, are answerable to anyone but their corporate membership.

All of these structures exist now, and all of them have been actively working to create a single world government, in the same way that the unelected EU Commissioners are working to create a borderless European Federation, and in the same way that Rockefeller is working to establish a North Ameican Union.

Indeed, we already have the foundation of a NAU in the illegal SPP "treaty" that Bush signed with Canada and Mexico that creates a borederless security "bloc" among the three nations.

This illegal treaty (neither Congress nor the US people were involved in its negotiation or signing) allows Canada's military to patrol US streets and to use exactly the same lethal force in quelling domestic unrest on US streets that the US military is now allowed to use on its own citizens.

In my opinion, these NWO nutjobs will fail and they will fail horribly. After all, they are completely insane.

But that isn't the point.

The point is that they will cause a devastating amount of damage in their failed attempt.

Per the Trilateral Commission -- Rockefeller openly admits in his memoirs that this organization exists and that its goal was -- and is -- to create a one world government.

The Illuminati -- There is much support for the Illuminati's existence, but this seems a looser, less defined group that is closely tied to other groups, such as the Masons etc.

But, at the end of the day, it really doesn't matter what pet names these flesh and bone, real-life lunatics give themselves or their endeavors.

What matters is that they do meet every year under the name "Bilderberg." In response to the public scorn brought about by their previous ridiculous claims that the group does not exist, they issued a press release from their last meeting in Virginia.

Before that, anyone who even suggested that the group even existed -- it began meeting in 1954 -- was called a "conspiracy theorist."

What matters is that Bilderberg attendees include active US high officials, such as the US Secretary of State, active US executives such as states' governors, active US legislators -- Senators and Congresspersons -- and CEOs of global corporations.

Again, despite the fact that the US contingent of the Bilderberg meetings are violating the Logan Act by attending, these people largely do not deny their participation, and, when some do, other attendees often inadvertently expose those lies by talking about them attending.

What they do argue is that the only reason they meet every year is to informally touch base. They make the lauhgable claim that they do not discuss or create any policy.

Do you think that that is a reasonable explanation as to why the most powerful elected and unelected people in the world meet in secret (access to their meetings are severely restricted and they do not release any minutes etc) every year?

What Bilderberg is is a shadow world government. Plain and simple.

Again, that sounds like something out of a comic book. But when you have the world's major decisionmakers from government and industry -- the exact same people who DO formally make the decisions that we rely on as national, industrial and national policy -- coming together every year to meet in secret, what else can you call it but a shadow world government?

Anyway, I don't want to talk your ear off.

I'll close by stating that this financial "meltdown" is a controlled demolition. It's almost identical, mechanically, to the Great Depression, which is now widely recognized as being caused by the deliberate acts of murderous, powerful and greedy men, and not by the uncertainties of banking and high finance.

Also, the technique of destroying nations, so that they can be rebuilt to a corporate, rather than a civic blueprint, is NWO standard operating procedure.

Look at the way the World Bank and the IMF will cause "Third World" countries to fail, and then ride in like knights in shining armor to bail them out -- but only if the governments of the countries bend over for them.

That is exactly what is happening to the United States and the previously-named First World countries.

It's not a coincidence that the IMF, World Bank etc are (through the filter of China) seeking to create a new world currency. This is on the NWO checklist as a transitional stage to a global system of excusively electronic money.

And it is no coincidence that this "solution" comes in the wake of this alleged global "meltown," and that it is being offered by, and executed by, Bilderberg/NWO operatives.

Geithner's plans to save the financial world weren't cobbled together in the past few weeks. They are exactly the same as Paulson's three-page plan, which was presented as a "must-do" in repsonse to an alleged "imminent catastrophic global financial meltdown."

Paulson and Geithner are both Goldman Sachs alums, and they are both Bilderberg attendees, and that plan was written years ago.

The reason Paulson's version was so short was that the previous "world saving" plan -- the PATRIOT Act -- was so long that it was too obvious that it had been written years before it was "needed."

Paulson was likely told to make his plan look as though it were jotted down on the plane takinghim to the undisclosed location of the financial meltdown fallout shelter.

I mean, do you imagine for a moment that the PATRIOT Act -- all 1,500 pages of it -- was crafted in the period between 9/11 and when it was passed?

Of course it wasn't. It had been written years before, and 9/11 was the means for its introduction into the public's awareness.

The problem most American seem to have is that we tend to view events as purely episodic-- disconnected and unpredictable.

We are woefully ignorant when it comes to context and patterns, even obvious contexts and patterns.

e.g. Anyone even vaguely familiar with the way the IMF etc goes about its ugly work, and anyone even vaguely familiar with the historical relevance of the Rockefeller, Rothschilds, Warburgs, Bushes etc, is seeing in this alleged financial meltdown and in the proposed "global" solutions a "problem-reaction-solution pattern that has been replayed over and over again, and that has, incrementally, brought us all to this sad place.

Conversely, anyone unaware of this context is simply seeing noting but a series of unrelated and random incidents.

Think of it like this:

When someone who understands the rules and purpose of an NFL game watches a game, they see an organized aggregate of activity with a recognizable framework and with common and defined terms of engagement and goals.

They weren't born understanding the game, but, by watching games htey gradually became aware of the games' structure and context -- the rules, conferences, player trades etc.

On the other hand, those who don't undertsand football go to a game and they see nothing but a series of unconnected, violent and apparently random events.

Their choice then becomes: Do they continue to ignore the information offered by the fans who understand the game and stubbornly continue to believe that all that's occuring on the football field is a random series of unconnected events?

Or do they listen to those people who have developed the context and understanding of the events on the field, so that they, too, can understand what's occurring in the game?

It's an important choice that has, literally, world-changing ramifications.

KMartin:

...and posting on this blog will change the world!

That's now up to you.

They ignored the credit card industry, hmm I thought they wrote and passed something against the conieving banks that change your due date with no notice or change your original agreement after you've signed up and all the other little things they tack on because no one is paying attention.

They did pass legistlation to stop what credit card companies have been doing but it doesn't take effect until July 1. That is why everyone is seeing their credit card interest rates soaring and credit limits reduced for absolutely no reason. They have to screw everyone they can by July 1 before the new legistlation takes effect. They should have put an immediate freeze on raising interest rates, but they didn't, so now we are all taking it in the shorts. They will all pull anything they can get away with before July 1.

Well, if people had lived off credit for years rather than living within their means, credit cards would not be a problem would they? Self control is all that is needed. You don't have to have that escalade with 22" chrome wheels, a plasma TV for every room, $200 dollar shoes, a bazillion cable channels, etc......

Tic-Tac:

Self control is all that is needed.

I disagree.

An series of econimic policies that are geared toward allowing Americans to make a decent living and be able to support their families is what's needed.

Much CC debt is acquired by people who can not otherwise afford life's basics.

This is the dependence and personal "failure" that our debt-based economic system is designed to create.

Being in debt is the point.

The helplessness created by defaulting on debt is the purpose.

Control is the goal.

up,

You disagree that people need to excersize control with credit card purchases? I have an extreme and dratsic comment to make: If you don't rack up credit card debt then you don't have to worry about it! People that can't afford lifes basic necessities do not use credit cards, they are usually on government assistance. That is unless you consider plasma's and fancy clothes basic necessities. If you don't overuse credit cards then how can they "control" you? So the govermnet wants us to get in over our head in CC debt so the economy can begin to tank? Is that what your remaining post states? Why would the govermnet what that? Please explain.

Mrkwildcat

Those credit card bastards should be next!!!

TicTac:

You disagree that people need to excersize control with credit card purchases?

Absolutely yes I do. And a thousand times over.

I have an extreme and dratsic comment to make: If you don't rack up credit card debt then you don't have to worry about it!

You don't have to worry about it if you DO rack up a credit card debt. That's an individual choice.

People that can't afford lifes basic necessities do not use credit cards, they are usually on government assistance.

I just don't agree with this. It is my sense that the average middle class person does have to use credit cards -- even if only on occasion -- to pay for rent, groceries, medical expenses, gas etc...

Part of the problem with the CC industry (for us) is that it deliberately entices low income people to sign up for cards. It isn't that the group of people that you're talking about don't have credit cards. They often do. The problem is that they have really sh*tty credit cards that involve all kinds of fees, interest rates as high as 40%

There is no limit to a CC interest fee if the CC company is based in a state that doesn't impose limits, such as Delaware or South Dakota.

The CC companies pass out these cards as though they were free candy, knowing that the people they are passing them out to can not afford them, but that these people do need more money than they have simply to live on. (i.e. CC debt AND welfare often combine to cover poor folks' ordinary costs.)

The CC company know that these people will default -- they build this into the issuance of the card -- and they simply try to extract as much money in fees, late charges etc before that happens, and before they sell the delinquent debt on to a secondary market.

Then, the CC company goes back to those same defaulted ex-customers and sells them obscene CC products that offer about $250 credit and that demand about $190 in fees to establish, and that are deceptively sold as debt rehabilitation products.

Of course, they are nothing of the sort. They are simply the final turn of the screw for the CC company that is squeezing the last penny out of the customer.

I believe that this is a predatory practice. It could be argued the CC customer could avoid, but it could also be argued that the CC company should not be putting financially struggling people in this position.

The big picture here is that the government and the CC companies are working together to create a system in which regular folks HAVE to participate as debtors, whether it's us having to borrow to buy a house, or a car or medical services ...

Our entire financial and economic system is grounded in debt, right from the issuance of our currency by the privately owned Federal Reserve, to whom we pay interest on every dollar (i.e. it costs us more than a dollar to print a dollar, so, for each dollar we bring into circulation we are actually simply creating more debt.) to the purchase of "consumer" necessities, such as food and medicine.

is unless you consider plasma's and fancy clothes basic necessities.

I believce that this is an apocryphal red herring, in much the same way that Reagan's Welfare Queens were.

If you don't overuse credit cards then how can they "control" you?

The point is the credit, not the card: I think that you're looking at this through a keyhole.

Throw open the door and take a deep, cleansing breath of WTF!?

We do not have an economy based on real wealth.

We have an economy based on a fiat currency, which is used to "fund" a debt-driven consumer exchange.

In short, when it comes to the US's (and much of the world's) purported wealth, there is no "there" there.

Just look at the literally hundreds of TRILLIONS of dollars that we're told that exists in "notional" value of derivatives etc. For tis to be true, and for these kinds of numbers to have to comport to actual hard-money wealth, one of two things would need to be true:

1. There's a massive hidden reserve somewhere of gold or some other precious material, which, would be a contradiction in terms, since, to be prescious there would need to be a perceived shortage of it, and it could not be used openly to back a currency in those kinds of massive amounts.

2. There would have to occur a cataclysmic inflationary adjustment, so that the excess of alleged dollars in the world corresponded to the actual value of the hard value of the world's resources.

e.g. Just as in Pre-WWII Germany, a loaf of bread would need to be priced at millions of dollars, so that the dollar amounts being charged for things, collectively, would equate with the dollar amounts of purported notional value of the world's wealth.

It is option 2 that is about to happen.

The same people who caused the inflationary nuclear bomb in Germany that preceded WWII are in charge of our government and our finances today. These are exact same families and players -- Rockefeller, Rothschild, Bush, Soros.

For them, this financial collapse is part of their ordinary business plan. They, throught the IMF, have done this many times before, just on a smaller, single nation, scale.

So, what does all of this have to do with people not repaying their credit card bills?

Here's what.

There is a war ongoing right under our noses. We, the people, are at war with them, the Elite.

But this isn't yet a war of physical struggle; rather it's an economic and political war of policy, finance and governance.

There will come a point when actual weapons will be employed -- on both the regular folks' side and on the Elites' side.

Right now, however, the Elites' major and most successful weapon is debt, and keeping regular folk so reliant upon it and so impoverished and distracted by it that they don't have time to think of anything except the next pay check.

And those who aren't in that position will be soon, with all of these billion dollar bailouts.

Think about this for a second: The problem with this financial meltdown we're told, isn't that we're not producing enough, or that we're living beyond our means, or that the top 1% of the world is succking up the world's wealth literally faster than it can be created.

No. The problem we are told is that "The lending from banks has plumb dried up."

Excuse me?

The lending from banks?

Why would a country filled with businesses that are successful and making money be so hamstrung by the sudden withdrawal of bank credit?

Well, the answer is simple: because so many of them depend on (often short-term) credit just to function

They have no capital reserves, beyond the taxpayer.

This widespread reliance on credit in the business sector is the very defintion of a counry that has been forcibly made to enter into a debt-driven economy.

So, we have a nation whose very printing of currency creates debt.

We have a consumer-driven economy that falls apart when "consumers" stop using their credit cards.

We have a business sector that is so avarice-based, that it deliberately impoverishes itself by giving excessive paychecks to executives, and excessive dividends to share holders (and that punishes privately held businesses with punitive taxes). This leaves the business sector volitionally dependent (what they don't give away in salary and dividends, they could keep as capital reserve) on banks and their credit.

And,finally, we have hundreds of millions of consumers whose only function is to keep the debt -- the banks' product -- moving.

Seems like you and I are at the bottom of that pile.

We're at war. We're on the weakest side. And we have no weapons.

We have no representation in Congress -- the banks and the special interests working the system own that crowd.

We have no real wealth, and we're literally getting poorer every day. (You are now about $80,000 in debt personally, thanks to this bailout)

We have no control over the forces that control us, such as the police department, Der Homeland Security Gestapo etc.

So, how do we fight back?

HEre's how:

We have the power to eat this disgusting and immoral system of debt from the inside by making the banks' product -- debt -- so pervasive and so meaningless that it no longer holds any value for them.

And, unlike the diamond industry, which has created a false "rarity" of diamonds by monopolizing mines and stockpiling diamonds, we, the people, can not be monopolized or stockpiled. (yet)

Our goal would be to destroy this immoral debt-based economy.

The enemy -- the Elite -- have a few steps on us. It's true.

But, we are the raw material from which they have built their house of (credit) cards, and we can burn that house down one card at a time, because every card we, the obedient card-paying debt-source, burns, we also burn the crooks issuing that card.

Soon the primary, secondary and subsequent debt resell markets will be flooded with useless consumer debt.

Eventually, I belive that we can burn it all down, take control back of our country and reestablish a hard dollar currency that realistically orients the nation's wealth in real world productivity, and not daemonic nitional waelth.

Or we cansimply bend over and pay our CC bills like good little peons.

I guess this is the "change" we all wanted?!

Tax cheats end up in jail last I looked the man had no case with the IRS mistake are made when filing income taxes and rectified for the most part. But hey your one liner is so helpful to the discussion we await with bated breath your next one liner that will surely be beneficial to the discussion.

Spider,

So you are against regulation to help protect us from another melt down just beacuse Tim Geithner proposed it? Get over yourself. The bottom line is that this will provide guidelines to help keep the financial markets from totally destabilizing.

now now, you're acting like a babysitter.

The blame game ends when you sign over 3 trillion in debt to us and future generations. No one held a gun to his head to put those bills into action. The free market would have sorted the whole thing out in time, probably the same amount of time that it will take under Obama's plans. What's he saying now, a decade or more and I'm sure that will change as well just like everything else he has promised. Some of our elected officials are now beginning to see the light in hindsight of course that AIG should have been allowed to fail. Sell off the profitable parts of the business and a new stronger, smarter company comes from the ashes. Of course that can't be done, because AIG secures the pensions of the government employees.

If you really want to play the blame game, it starts with FDR and continues with every administration up to an including this one. FDR started social spending as a way out of the great depression, it didn't work until the US began producing in the late 1938 and 1939. Look it up under GNP.

And Clinton and Carter

Obama has spent more money so far then all the 43 presidents before him, look it up !!

TJM07:

The blame game ends when you sign over 3 trillion in debt to us and future generations.

If by this you mean that Obama is just one more operative for these globalist nutjobs -- including Bush, Cheney, Reagan, Paulson, Clinton etc -- then I would agree with you wholeheartedly.

We have been shafted for decades now, and it's time for it to stop.

If you're somehow reserving the "blame" for Obama because of this bailout, then I disagree with you.

TJM07: Perhaps a refresher about history would help, the Gramm, Leach, Bliley act of November 1999. as pushed thru by the republican house reversing the protection to the markets as set forth by the Glass-Steagall act of 1933, totally deregulated the finacial markets allowing the SAME actions that occurred and caused the Great Depression.

The massive deregulation of the markets caused this mess, particularly this one bill that set the markets "free" has created a monster once again.

Those that fail to learn from history are doomed to repeat it and the consequences too.

michael:

We're going from a free country to a dictatorship.

Presumably you haven't read the John Yoo memos...?

...if he can get Rush's c**k out of his mouth we could probally understand what he is saying!

We're already in a dictatorship. It's called the two party system and they all share the dictatorship. They only disagree on how to run it.

That's why we have life long career politicians in Congress with no term limits. In order to have term limits Congress has to vote on them and pass them. That will never happen and we all know it.

Both parites work togeather to control the dictatorship system they run by making it almost impossible for Independents or third parties to win elections.

As long as they have us divided between the illusion of Right vs Left they will own us.

serious kmart, are u that much of a tool? did u jus invision rush with a ck in his mouth? pretty sic to be thinking of that dont ya think?

The system of government in this country cannot be changed unless it is passed by 2/3 of both the house and senate and then ratified by 2/3 of the states. That socialit garbage is utter nonsense because the soialists are against Obama more than you trolls.

To be:

To bad you are insane, the church and you can bang-it with-out a condom, cool dude..................massive cool dude............................Focus on the Family needs you dude.......all you got to do is "Pray for Rain"......................

Ok explain how applying rules to financial institutions that are acting like banks and are already already in place for banks that will curtail the type of activity which led to the collapse (issuing insurance with no capital to back the insurance) is a bad thing?

Preposterous? MAn what are you smoking.....

Spreadex: Read my post it explains and can be looked up from a historical and documented text part of how deregulation came to be 10 years ago. What was undertaken contributed to a large extent to the fall of these large finacial institutions that were allowed to come into being.

You're

All the young people have been taught by the Bill Ayers in our colleges and they think this is fine. Noone remembers how the USA is supposed to be , we are done for.

susan,

Please don't make ignorant and generalizing statments like that. All college professors do not equate to Bill Ayers. Do you just regurgitate what you hear or did you make up that steaming pile yourself? My college professors never mentioned anything politicaly motivated or charged. I got an education and that is it.

We'll do that on election day!!!

Elemon,

Please enlighten us on these "creatively labeled programs" that deceive the American people.

You poor little thing...........You need a babysitter!

WTH do you think the Bush administration was fighting Barney Frank about 4 years ago? Oversight of Fannie and Freddie. These social engineers brought us to this point. Now, they not only want oversight they want the power to take control of business. This is socialism and it will not work.

You are absolutly right...

Lets us keep what we have now, it works!

lol

Gedubya, Carl Rove...

ur an idiot kmart for that remark but dont worry u no diff than the rest of the idiots who think the dems want to help america.

...and you should learn how to spell and talk like a adult!

He's probably a product of the great public school system and it's teachers union. No wonder he can't spell!

Then let us keep things as they are, its working , right?

KMart1959,

Do you believe in survival of the fittest? It's called Capitalism. If you don't then it's called socialism. If you believe in socialism then go live in a socialist country for a few years. There are plenty of them to choose from This one was not built on that nor were it's core foundations (Constitution, Declaration of Independence). If things are broke, let them correct, if someone broke the law, let them face it in court. We don't live by the rule "guilty until proven innocent" and we don't become judge and jury with lynch mobs and herd mentality and "press propaganda machines" doing the work for a clandestine government in which governement funded with taxpayer monety self-interest groups do the bureaucrats bidding. The government cannot fix it, it never has been able to nor, will it ever be able to. All that happens when government gets involved is that someone else gets more power and someone else pays for it while nothing gets done but complaining by the new bureaucrat that votes on their own salary.

Sure can, we are still under the Bush Doctrine! You have no rights unless I say you do...

do u say nonsense all day kmart cuz you not saying anything but what a freaking 2 yr old would.

...out of the mouth of babes!

Dam tired,

News flash: Obama was elected President. He won the electoral college and the popular vote. Sheesh, he was elected almost five months ago! Get over it. I cannot believe that people are still talking abgout this. Living in the USA gives you the right to dislike him, but trying to get the elctions recalled? Again, get over it.

I thought we were still trying to get the illegal Bush impeached comrade. Heck, since Bush is no onger there, let's impeach BO.

Dude...take a chill pill. That's exactly what Dr. Soros wants ...the US to have anarchy. We'll handle it a better way through the vote...and if that doesn't work then, the 2nd Amendment.

OKI409

Tell me where even a road has been built or started from the Stimulis crap package

The biggest problem we have is we have sworn to the rest of the world that we would buy buy buy. Why do you think they keep wanting us to not save anything and continue to put ourselves in debt.

Why do they wanna free up credit again? so we'll go further in debt buit dont worry cause China will come out of it sooner than us because our government insist we buy their crap

Our politicians have brought us to this point and now there is no other way around it. But as has been stated we cannot buy ourselves out of debt. Ever

Bush started it down hill

Wow, the first intelligent thing posted here by the Rushians!

...and what is your great idea to get us out of this mess?

dam tired:

Want to know who really started this crises

It was Phil Gramm. I don't think anyone on either side of the aisle is arguing about that anymore.

Putin and Chavez provided everything Ahemdinejihadi needed to create nuclear weapons!

What nuclear weapons?

upswing,

No, you are sooooo wrong! You need to pay much more attention to the daily news on all news stations not just MSNBC! And, then look at the big picture. It's obvious by your reply, that you don't comprehend what you read!

dum (and sooooooo) tired:

No, you are sooooo wrong! You need to pay much more attention to the daily news on all news stations not just MSNBC!

I don't watch TV.

I get my "news" mainly from newspapers, Internet sources and proessional and academic journals, which are necessarily politically diverse.

I also teach media law, writing for the electronic media, and media studies at a university.

I've worked as a freelance writer for several national print outlets -- mainly newspapers and magazines -- including being a stringer for AP, since 1991.

I also write annual reports for corporations.

I have worked as a journalist for a daily newspaper for more than five years, and I've worked as staff writer and then consultant for an international Public Relations firm for a total of seven years.

My point?

I "get" the media at least as well as you do. Indeed, (to my shame) I am still very much a part of it.

Your qualification for offering the opinions that you're offering?: You have acces to a computer keyboard.

Per:

that you don't comprehend what you read!

Possibly not.

But at least I know why I think what I think.

You, on the other hand, have no idea why you think what you think.

Instead, you convince yourself that the day's Neocon Fox News talking point is your opinion.

The sad thing is, you don't even know you're doing this.

In fact, I'm sure that you close each day as pleased as Punch at the profound insights of your opinion(s) and the devestation you wrought on those idiot liberals on the Vine -- and that you don't have the first idea what the meaning of Liberalism is.

It isn't your fault that you so easily suck in Fox News talking points and believe them to be your own opinion: nature abhors a vacuum.

Feel free to continue your inane incessant barking.

I'm done with it.

Ignored.

upswing,

1. I don't watch Fox news.

2. I'm a Democrat.

3. Is your name Chavez, Putin or Ahmedinejihadi??

Upswing, that was wonderful, straight over his head but wonderful. It may take him a whole six pack to figure that one out.LMAO{-}

Boot every one of these crooked politicians out of office and sieze control of their ill gotten personal assests to help pay off the debt! Is that *coherent* enough?

Not much of an argument. Who would fill this void? You? You can't even spell!

Outraged taxpayer # 3284738748 wrote:

Geithner's proposal certainly appears to be a plausible idea and seems worthy of some serious debate.

There isn't going to be any debate. It is already being reported that Nancy Pelosi is trying to push this through without debate for an up and down vote and as early as next week.

ain't that a surprise? Anyone else hear the sound of those AIG shredders humming?

yes it call the us consitution the federal government has no right to take over private business just like to shouldn't be bailing them out either. When governement owns busness I do believe that is socialism. Ask cuba they know all about governement own business

Such an intelligent thought, I am sure it took you a long time to come up with this idea!

Two better words: Ban Republicans!