Are You Going To Get Bailed Out?
September 26, 2008 by Anne Wayman
Filed under Jobs
Yesterday the feds took over my bank. I didn’t even know about it until this morning. Sure my money is okay at the moment, but I can’t tell you how suspicious of this bail out I am. The fact that the original 3 page summary of th proposal included:
Sec. 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. (Emphasis mine and thanks to TaxGirl for the quote.)
is more than enough to make me suspicious. If we don’t do this right, we’re really in the soup. I truly don’t know exactly what should be done, but I know it shouldn’t be done in a hurry and without review, period.
There are several anti-bail out petitions circulating, most sounding to me pretty hysterical and self-serving. Bernie Sanders, Independent Senator from Vermont, however, has one I like. The url is http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1
Take a look; like me, you may want to sign and circulate. BTW, his website is slowing down off and on so keep trying.
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I think the WAMU issue is worse (but it’s not connected to the $700 billion plan at all). The feds may have rightly pulled the trigger on WAMU, but wrongly they negotiated the sale to JPM Chase behind WAMU’s back.
Someone should be screaming bloody murder about that.
This is ridiculous!
I am noticing all the news channels pumping the public with scare tactics just to convince the American people that this bail out is necessary.
What a load of garbage!
They keep blaming the people of this country for these problems..nevermind it was George Bush that put us in a war that costs BILLIONS..nevermind that it was Bush that blocked all proposals for alternative fuel research which allowed them to raise prices of oil to such levels that no one could afford to pay their bills AND BUY GAS FOR THEIR CARS SO THEY COULD GO TO WORK!..nevermind that it was Bush that got on T.V. and told the American people everything was fine..nevermind that Pelosi just mentioned openly that this money would NOT GO TO HELP AMERICANS THAT LOST THEIR HOMES..nevermind that
Washington Mutual (just one of many) PAID THEIR NEW CEO A 20 MILLION DOLLAR PACKAGE AND THEN TURNED AROUND TO ASK THE GOVERNMENT FOR A BAIL OUT..nevermind that this bail out legislation would go to help ALIENS to purchase foreclosed homes of AMERICANS..nevermind that the President is now trying to STEAL PUBLIC TAXPAYER MONIES TO PAY FOR PRIVATE INDUSTRIES THAT HAVE LIED AND CHEATED FOR YEARS AGAINST THE PUBLIC OF THIS COUNTRY.
Yeah..
nevermind all that..
just give King George what he wants or else we will all have to pay.
WELL WE HAVE AND CONTINUE TO PAY!!
It’s all OUR FAULT THIS MESS RIGHT?
Nothing at all to do with the government elected officials that have proven time and time again to be the real enemy to the American people!
And now..under closed and secretive doors..they try to hatch another plan to harm each and every one of us!
I say hanging is too good for them!
Whew! Breathe in and out, then call your representatives!