On Sep 20, 2008, at 4:53 PM, Mugsy Lunsford wrote:
> > At 4:08 PM -0600 9/20/08, Brian Lawson said: >> On Sep 20, 2008, at 3:53 PM, Bruce Johnson wrote: > >>> This was the latest bubble, and it was deliberately cultivated and >>> maintained by the Fed for political purposes. > >> An interesting take on all this. >> <http://www.rense.com/general83/class.htm> > > thanks, that was very intriguing. I just had a horrible, horrible thought. Reading the text of that bailout proposal, it occurs to me that since the primary consideration of the bill is "(1) providing stability or preventing disruption to the financial markets or banking system; " OVER protecting the taxpayer, the simplest and quickest resolution would be for them to buy the mortgage-backed securities at enough of a premium for the banks to keep going, then let the banks buy the damned things back at market value, meaning pennies on the dollar. Voila! The kleptocrats in the administration transfer nearly $700 billion from our pockets to theirs, and they get to keep on keeping on, just as they have done. And if Frank's guy wins,he'll apply the same deregulation to health care as we did to the banking industry. In fact the ONLY taxes he'll be raising is the ones on us, by removing the tax exempt status of healthcare benefits. Don't get sick, folks! -- Bruce Johnson "No matter where you go, there you are", B. Banzai --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/StrataList-OT?hl=en -~----------~----~----~----~------~----~------~--~---
