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We Have DAYS To Stop the $700 Billion Stick-Up (and Fascist Power Grab)

( Home » blogs » GeorgeWashington's blog » We Have DAYS To... )
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Submitted by GeorgeWashington on Sun, 09/21/2008 - 12:01am.
| |

http://georgewashington2.blogspot.com/2008/09/we-have-days-to-stop-700-b...

Congress hopes to pass the $700 Billion bailout bill by Friday, according to an article in Bloomberg.

In case you haven't heard, the bill would not only stick up American taxpayers for an additional $700 billion, but would literally give Paulson and the government fascist powers.

Don't believe me?

Well, as the Bloomberg article notes: "The bill would bar courts from reviewing actions taken under its authority."

Bloomberg includes the following quotes by people who understand the significance of the bill:

It sounds like Paulson is asking to be a financial dictator, for a limited period of time,'' said historian John Steele Gordon . . . .

***

The Bush administration seeks "dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,'' said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. ``We are taking a huge leap of faith.''

This power grab is so serious that investigative reporter Larisa Alexandrovna calls it "the final stages of the coup".

We have days to stop this bill. March on Congress. Educate and motivate everyone around you. Do everything you can to prevent this disaster before it is too late.

» login to post comments | 5 points

Larisa Alexandrovna draws criticism...

Right-wing idiot hopes I end up arrested and in a cell...

Submitted by Reprehensor on Sun, 09/21/2008 - 7:15am.
» login to post comments | 3 points

Bernanke's smile

While the msm keeps telling us how grave these high level meetings are, I notice that, in all but one picture I've seen today, Ben Bernanke is holding his head low whilst smiling. Like he's a naughty kid in the back row at school sharing a joke.

I also thought it was interesting how this all started just after the last Bilderberg conference.

Submitted by bernusdellus on Sun, 09/21/2008 - 11:14am.
» login to post comments | 2 points

Economic News backs this up - Weekly Update

Radio Du Jour Update: September 20, 2008

Saturday, September 20, 2008
Alex Jones speaks with David Icke about how the New World Order is making its move to consolidate its power globally and how we all must resist their continuing efforts to build their global prison for the rest of us.
http://www.radiodujour.com/people/icke_david/

Friday, September 19, 2008
Alex Jones talks to two time Nobel Prize winning economist Joseph Stiglitz about the recent massive turmoil on Wall Street and about how Dr. Stiglitz thinks things will unfold moving forward.
http://www.radiodujour.com/people/stiglitz_joseph/

Thursday, September 18, 2008
Alex Jones talks to former Pentagon employee April Gallup about her experience at ground zero on September 11, 2001 (She was told what she saw).
http://www.radiodujour.com/people/gallup_april/

Wednesday, September 17, 2008
Dennis Bernstein talks with Catherine Austin Fitts about how we got from there to the mess we're in here and why we should all care about what is happenning on Wall Street.
http://www.radiodujour.com/people/fitts_catherine_austin/

Tuesday, September 16, 2008
Many Americans will be shocked to discover that the principle business of the Fed is to print money from nothing, lend it to the U.S. government and charge interest on these loans.
http://www.radiodujour.com/movies/monopoly_men/

Monday, September 15, 2008
Amy Goodman appeared on PBS Now and discussed her arrest, the arrests of her colleagues, police response to demonstrators, and freedom of the press at the Republican National Convention.
http://www.radiodujour.com/people/goodman_amy

------------------------------
Please also visit:
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They no longer believed that James Earl Ray was the killer. For their peace of mind, for an accurate record of history, and out of a sense of justice they conducted a two decade long investigation. The evidence they uncovered was put before a jury in Memphis, TN, in November 1999. 70 witnesses testified under oath, 4,000 pages of transcripts described that evidence, much of it new. It took the jury 59 minutes to come back with their decision that exonerated James Earl Ray, who had already died in prison. The jury found that Lloyd Jowers, owner of Jim’s Grill, had participated in a conspiracy to kill King. The evidence showed that the conspiracy included J. Edgar Hoover and the FBI, Richard Helms and the CIA, the military, the Memphis police department, and organized crime."

http://www.actofstate.org

Submitted by AJFan on Sun, 09/21/2008 - 1:22pm.
» login to post comments | 2 points

Actually, I've been waiting

Actually, I've been waiting for the Bin Laden connection to the packaging of derivatives as "protection" (read side bets) to high risk, nevertheless, AAA rated loans. That was a sarcastic remark, it's hard to tell the difference anymore between reality and sarcasm.

There are several article links following that best describe this current financial meltdown:

IT’S THE DERIVATIVES, STUPID! ... WHY FANNIE, FREDDIE AND AIG ALL HAD TO BE BAILED OUT

The credit crisis could be just beginning Note the date of this article: 9/21/2007, a year ago.

Also, from a trader's forum, I pulled the following, but have no link:

More from Barry Ritholtz.

"I got called yesterday from the producers of The Daily Show, who asked for an explanation of this understandable to the "lay person."

Here is what I said to them:

1. Lehman Brothers was like the little kid pulling the tail of a dog. You know the kid is going to get hurt eventually, and so no one is surprised when the dog turns around and bites the kid. But the kid only hurts himself, so no one really cares that much.

2. Bear Stearns is the little pyro -- the kid who was always playing with matches. He could harm not only himself, but burns his own house down, and indeed, he could have burnt down the entire neighborhood. The Fed stepped in not to protect him, but the rest of the block.

3. AIG is the kid who accidentally stumbled into a bio-tech warfare lab.... finds all these unlabeled vials, and heads out to the playground with a handful of them jammed into his pockets."

Submitted by joann on Sun, 09/21/2008 - 3:00pm.
» login to post comments | 1 point

Great analogies! Thanks,

Great analogies!

Thanks, Joann -

Submitted by betsy on Sun, 09/21/2008 - 11:00pm.