today congress is having another emergency meeting about the 700 billion dollar wall street bail out and suposed dire outcome for us citizens. i have been saying it is a big scam trying to be pulled out by our government reps. my son inlaw goes to work from the hamptons to wall street by helicopter. he also has co-op in nyc and houses in florida and lake front home in dutchess county ny. he works for small investment co. and is on the low rung of the ladder of pay among his co-workers. his december bonus last year was 500,000 dollars not including his salary yet his company posted loss for the year. he claims he will get about the same bonus this year yet they have even more losses. my grandsons girlfriend works as an registerd nurse and makes 90,000 a year with little overtime. the nice young man who picks up our trash drives a brand new lexus and came by our neighbors house to inquire about his 28 foot fishing boat for sale. he also stated that he will be on vacation all of the month for november and spend time at his country home in pa. today the ny yankees re-signed jay giambi for 33 million dollars just for next year. the ny giants football team has stated they will be chargeing a sur charge of up to 20,000 dollars for season ticket holders. of couse i can go on and on but i still say their is no economic crisis what so ever. have i been wrong?
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aaahahahahaha!
Just depends on where their investments are, but yes the nation is at crisis over this matter, it could cause wall street to collapse meaning your in law could end up without a job, so I hope he has insured investments or at least a savings with all that money he supposedly has.
No Bail Out!
Go to this web site. Click on the WALL STREET BAIL OUT Banner, and sign the petition. And then pass it on.
And this one too
If you didn’t know these things, you probably would have been. Don’t blame yourself, blame a liberal media which fails to inform because of a fascist level of political bias in most of the main stream media.
–o
I think that everyone you know is involved in organized crime and you are just slow catching on.
Yes you have been wrong everything is not what meets the eye.
Your family may have a lot but many others don’t.
Climb down out of Mount Rushmore and see how everybody else lives.
I have the same feeling . We all know the government is slicker then dog snot and never tells us the real truth . We cant even figure out if the government actually did get hold of a UFO or not . I see the Russians are coming out of there shell they been in big time . Could this be the reason for the 700 billion . Does Bush have us all screwed secretly . If so they need to fess up
What happens when other countries want to be paid what we owe them? Just like when De Gaul and the UK asked for gold instead of notes which made us drop the gold and silver standard?
What happens when they won’t take our phony money anymore? Or our promise notes?
What happens to the economy when no one can get a loan and banks start closing? How many dollars can the Fed print to make good on the FDIC bank accounts? Remember these folks who have over 100K are not covered…. oops.
What happens if there is a run on both the banks and the stock exchange?
Ya think there are enough seats on the commodities exchange to support these guys? Or do you think we have been playing with Fiat, Debt Based Monopoly money?
What do we make in this country to call our GNP?
Wheat? Law Suits? Insurance policies?
Do we grow enough wheat to live on bread alone? Hello, knock knock… are you home?
America became wealthy after WWII and is industrialisation, now we buy stuff from Asia and we back our dollar to infinity on debt. The entire world now knows we ain’t got the money to back that debt, and we also don’t produce anything real and of value. Fanny and Freddie and the Federal Reserve a private bank all have investors from other countries. In fact more than 98% of the Federal Reserve’s actual deposits, not just debts are foreign owned. They hold our mortgages at Fanny and Freddie… you think maybe these foreign countries will buy these mortgages out at fire sale prices?
Anyone recall what 1929 looked like BEFORE The CRASH? The roaring 20s. When no one thought the economy was in trouble.