Has anyone sent the Feds thier bailout check?

[travesty]

Has anyone sent the US Treasury their check for approximately $5200 per every man woman and child in the US to fund the recent bailouts? OR about $8600 per every person between the ages of 18 and 65. With the government bailing out companies and buying bad debt to the tune of about $1.6 trillion, YES TRILLION ($700B for Fanny and Freddie, $30B for Bear Stearns, $85B for AIG and another $700B to buy bad mortgage loans from neearly ANY company that is holding them) every single US citizen is on the hook for a little more than $5200. Don't have the money to scratch a check right now? Not a problem, the Federal Reserve and some foreign lenders are happy to offer you a payment plan, but it is going to cost you more than expected due to the interest. However, your credit is still good, even though you haven't finished paying for the Iraq war, they'll just put it on your "tab" which is already about $32,000 for the national debt.

Want to hold on to some collateral to secure your portion of these loans? No problem. How does a fat sack of severely depressed real estate sound? Not impressed? Don't worry with the Federal Reserve printing much of this money out of thin air, those 5200 dollar bills aren't worth that much any way (and neither is the rest of your savings account, if you even have one at this point).

WHAT THE FUCK IS GOING ON? Has the Great American Experiment finally failed? Is the last remaining superpower on Earth finally done for? It sure looks that way. Who could have ever imagined that a Republican administration, long the champions of smaller government, would be leaving the White House with the US Government as a socialist state? Is anyone else at least upset about this, let alone really fookin pissed off? I know that a socialist state appeals to some liberals, but is this version really what you are looking for?

Why haven't the two big party candidates exploded over this? They will be the ones inheriting this mess and it will surely (if they are the least bit responsible) mean that neither of their current economic/tax plans are the least bit viable any more.

[Bob]

WHAT THE FUCK IS GOING ON? Has the Great American Experiment finally failed? Is the last remaining superpower on Earth finally done for? It sure looks that way. Who could have ever imagined that a Republican administration, long the champions of smaller government, would be leaving the White House with the US Government as a socialist state? Is anyone else at least upset about this, let alone really fookin pissed off? I know that a socialist state appeals to some liberals, but is this version really what you are looking for?

i'm not sure that this is quite what karl marx had in mind, no

[milleson]

I mailed mine in yesterday.

[kaiser soze]

They can have my dirty socks

They owe the U.S. at least 9 billion

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/22/AR2008092202053.html?hpid=topnews

A former top Iraqi official told U.S. senators today that roughly $9 billion in American money meant for reconstruction projects was involved in waste, fraud and abuse.

Salom Adhoob, a former chief investigator at Iraq's Commission on Public Integrity -- which is considered the equivalent of the FBI in the United States -- said at a hearing of the Democratic Policy Committee today that he and his agency had done investigations showing the money was misused in fraud and abuse. In one case, he said the Iraqi Ministry of Defense helped create front companies to funnel the money.

Man if this was France 3 centuries ago...

[kaiser soze]

$2.5 billion bonuses for Lehman employees....for doing what?

Failing? Defrauding? Fucking Up? Doing shit?

http://www.independent.co.uk/news/business/news/fury-at-25bn-bonus-for-lehmans-new-york-staff-937560.html

Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.

The revelation sparked fury among the workers' former colleagues, Lehman's 5,000 staff based in London, who currently have no idea how long they will go on receiving even their basic salaries, let alone any bonus payments. It also prompted a renewed backlash over the compensation culture in global finance, with critics claiming that many bankers receive pay and rewards that bore no relation to the job they had done.

[yeahwho]

$2.5 billion bonuses for Lehman employees....for doing what?

Failing? Defrauding? Fucking Up? Doing shit?

http://www.independent.co.uk/news/business/news/fury-at-25bn-bonus-for-lehmans-new-york-staff-937560.html

Hiring good corporate lawyers. These guys aren't scumbag community organizers, they're Americans!

[chromium05]

The one thing I consistantly fail to see reported in any article on the bailouts, is the FACT that the Federal Reserve ( where the bailout money will come from - created out of thin air but having to be paid back by US taxpayers with REAL money and with interest added) is a private company.

Anyone care to hazard a guess who the owners are? Most of you wont, so here you go:

* Rothschild Banks of London and Berlin
* Lazard Brothers Bank of Paris
* Israel Moses Sieff Banks of Italy
* Warburg Bank of Hamburg, Germany and Amsterdam
* Kuhn Loeb Bank of New York
* Lehman Brothers Bank of New York
* Goldman Sachs Bank of New York
* Chase Manhattan Bank of New York (Controlled By the Rockefellers)

Goldmann Sachs is in there, Chase Manhatten is in there, oh - and Lehman is in there - can you figure it out?

Lehman brothers ufcks up and racks up massive debt. The other banks plead misguided ufck ups too. The market panics, the government borrows money from the fed ( the ufcked up banks) who create a number from thin air and give it to the government - who then give it back to the banks that ufcked up in real cash and the US citizens then have to give the fed ( the ufcked up banks) the money back AGAIN ( in cash) plus interest.

These fucked up banks get paid twice for this bailout.

It is another scam people.

Except this time the Federal Reserve ( private banking company) really will take over Washington. Note how Bush wants the new legislation to allow him to bail out any US and foriegn banking business with no oversight? Why would that be needed?

Go and have a good read. Go outside and shout about it. Do something, anything, for fucks sake.....

[travesty]

Man if this was France 3 centuries ago...

(y)(y)

[HAL 9000]

The one thing I consistantly fail to see reported in any article on the bailouts, is the FACT that the Federal Reserve ( where the bailout money will come from - created out of thin air but having to be paid back by US taxpayers with REAL money and with interest added) is a private company.

Anyone care to hazard a guess who the owners are? Most of you wont, so here you go:

* Rothschild Banks of London and Berlin
* Lazard Brothers Bank of Paris
* Israel Moses Sieff Banks of Italy
* Warburg Bank of Hamburg, Germany and Amsterdam
* Kuhn Loeb Bank of New York
* Lehman Brothers Bank of New York
* Goldman Sachs Bank of New York
* Chase Manhattan Bank of New York (Controlled By the Rockefellers)

Goldmann Sachs is in there, Chase Manhatten is in there, oh - and Lehman is in there - can you figure it out?

Lehman brothers ufcks up and racks up massive debt. The other banks plead misguided ufck ups too. The market panics, the government borrows money from the fed ( the ufcked up banks) who create a number from thin air and give it to the government - who then give it back to the banks that ufcked up in real cash and the US citizens then have to give the fed ( the ufcked up banks) the money back AGAIN ( in cash) plus interest.

These fucked up banks get paid twice for this bailout.

It is another scam people.

Except this time the Federal Reserve ( private banking company) really will take over Washington. Note how Bush wants the new legislation to allow him to bail out any US and foriegn banking business with no oversight? Why would that be needed?

Go and have a good read. Go outside and shout about it. Do something, anything, for fucks sake.....

I am no expert but I don’t think this is right.

My understanding is that the Fed is a quasi public institution which has input from a board of directors but whose ultimate decision making power belongs to the Government (President and Senate) appointed board of Governors. Now one may argue that the government is in the pocket of the banking sector anyway but that is another story…

The decentralised Reserve Banks do have boards made up of regional bankers who have to purchase stock in the Reserve Bank but they do not have any controlling interest or profit rights in that bank ( I think the member banks do get a dividend as interest on their capital investment in the Bank but it is a small amount with 97% of profits generated being handed to the treasury).

From what I can tell with Google, your post seems to be a rehash of a couple of older myths – ie that the New York reserve bank controls the whole Fed and that the New York Fed is either

1)controlled by Jews (notice the names of banks on your list)
2)controlled by foreigners

and this has transformed into the current ‘Fed is controlled by the banks being bailed out’ myth. In fact the whole thing seems to be wrong – those banks don’t control the New York Reserve, the New York reserve does not control the Fed and the banks are not making fat profits out of the Fed.

I could be wrong about this and welcome correction but this is how it looks to me.