Saner voices voted No


	Saner voices voted No

fudomyoo

9-30-2008 10:42 AM

154 views

tags:

bailout, bernanke, paulson, federal reserve

fudomyoo says:

who're you going to belive, me, or your own eyes?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/789e7b85-6d02-493d-8dc4-254a574727c8/CEAA3989-ACE8-4AC9-8E23-CACEC0A6D6A0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://market-ticker.denninger.net/" href="http://market-ticker.denninger.net/" style="font-size: 11px;">market-ticker.denninger.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://market-ticker.denninger.net/"><H4 class="serendipity_title"><A href="http://market-ticker.denninger.net/archives/595-Bernanke-PROVED-Paulson-Plan-Bankrupt.html">Bernanke PROVED Paulson Plan Bankrupt</A></H4></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://market-ticker.denninger.net/"><div align="center"><embed src="http://www.youtube.com/v/FGpS2qsh_5A&hl=en&fs=1" height="329" width="400" wmode="opaque" quality="high" allowfullscreen="true" type="application/x-shockwave-flash"></embed></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://market-ticker.denninger.net/">The Federal Reserve will pump an additional $630 billion into the global financial system,</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://market-ticker.denninger.net/">came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://market-ticker.denninger.net/"><P>The Fed threw $630 billion into the market <STRONG><U>before</U></STRONG> the vote, and yet the S&P 500 was down 40 handles anyway, and in fact tanked after the vote.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://market-ticker.denninger.net/"><P>Note carefully - <STRONG>Paulson's plan was $700 billion, and Bernanke spent $630 billion - almost the entire amount proposed - but failed to fix the problem.</STRONG></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://market-ticker.denninger.net/"><P><STRONG><EM>IF</EM></STRONG> we are indeed facing a deep recession (or worse) then we will <STRONG>need</STRONG> that $700 billion to feed and house the displaced Americans here in our nation, and <STRONG>cannot afford</STRONG> to hand it to a bunch of rich (and pissed-off) bankers around the world who made bad bets and now are screaming with their hand out like a 2-year old who wants another candy bar.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CEAA3989-ACE8-4AC9-8E23-CACEC0A6D6A0/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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