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Author: wismelwismel
Date: Sep 20, 2008 12:11
www.visi.com/juan/congress/ -
Easy to contact your Senator and Congressman via the site above.
If they don't hear from you they will assume that you above of adding
appx. $10,000 to your personal debt via the "bailout".
ted
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Author: Don TiberoneDon Tiberone
Date: Sep 20, 2008 11:43
http://globaleconomicanalysis.blogspot.com/2008/09/paulsons-shorting-ban-needs-revisions...
SEC Considers Revising Shorting Ban in Options Market
In less than a day, a stumbling block on the short selling ban is
forcing the SEC To Consider Revising Shorting Ban in Options Market.
The U.S. Securities and Exchange Commission may revise its ban on
short sales to add financial companies and carve out an exemption for
brokerages that pair off brokers in the $1.6 trillion U.S. options
market.
"If they don't fix it, there just won't be an options market on
Monday," Steve Claussen, chief investment strategist at OptionsHouse
LLC, the Chicago-based online brokerage unit of options trading firm
PEAK6 Investments LP. "If they have an exemption for market-makers
that they're allowed to sell stock short, then they can provide a
market in the options."
Options market makers would have been prohibited from making short
sales starting next week under the ban adopted today to keep
speculators from driving down stock prices. The Options Clearing
Corp., which guarantees all trades exchange-listed options, said a ban
would have proved "disastrous."
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Author: Don TiberoneDon Tiberone
Date: Sep 20, 2008 11:25
http://www.financialarmageddon.com/2008/09/no-access.html
No Access
Over the past 24 hours most of the world has been fixated on the multi-
trillion dollar corporate welfare program -- er, bailout -- being
organized by Treasury Secretary Paulson and the Washington
establishment.
In contrast, I thought it would also be interesting to offer up an
update on the fate of those who don't have the same access to taxpayer
funds that AIG, Freddie Mac, Fannie Mae and other bastions of greed,
corruption and incompetence have had.
Evelyn Nieves of the Associated Press details the latest developments
in a story entitled "In Hard Times, Tent Cities Rise Across the
Country":
A few tents cropped up hard by the railroad tracks, pitched by men
left with nowhere to go once the emergency winter shelter closed for
the summer.
Then others appeared — people who had lost their jobs to the
ailing economy, or newcomers who had moved to Reno for work and
discovered no one was hiring.
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Author: VikingViking
Date: Sep 20, 2008 10:50
This from CNN today:
"Bailout proposal sent to Congress seeks authorization to spend as
much as $700 billion to buy troubled mortgage-related assets [from
banks]."
That raises the total US govt bailout commitment to $1.5 trillion
(including what it's taken on with Freddie Mac and Fannie Mae), which
works out to about $10,000 per taxpayer.
Funny, last week, as the DOW dropped nearly 1000 pts, I thought the
financial sector was finally getting its comeuppance--it had to face
the music like the rest of us. It had to face its responsibilities on
all those bad loans. That's counter to the way things usually work in
the financial sector--usually, if you make money you get a bonus, if
you lose it, it was someone else's money anyway.
But watching the markets, I finally felt they had been brought down to
the level of the rest of us. They were being held accountable.
Or so I thought. Then the US govt stepped in to give $700 billion of
taxpayer money to the banks (that's right--give; the banks will sell
"distressed" mortgages they couldn't sell anywhere else to the US
govt--to you).
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Author: VikingViking
Date: Sep 20, 2008 09:59
This from CNN today:
"Bailout proposal sent to Congress seeks authorization to spend as
much as $700 billion to buy troubled mortgage-related assets [from
banks]."
That raises the total US govt bailout commitment to $1.5 trillion
(including what it's taken on with Freddie Mac and Fannie Mae), which
works out to about $100/week per taxpayer for life.
Funny, last week, as the DOW dropped nearly 1000 pts, I thought the
financial sector was finally getting its comeuppance--it had to face
the music like the rest of us. It had to face its responsibilities on
all those bad loans. That's counter to the way things usually work in
the financial sector--usually, if you make money you get a bonus, if
you lose it, it was someone else's money anyway.
But watching the markets, I finally felt they had been brought down to
the level of the rest of us. They were being held accountable.
Or so I thought. Then the US govt stepped in to give $700 billion of
taxpayer money to the banks (that's right--give; the banks will sell
"distressed" mortgages they couldn't sell anywhere else to the US
govt--to you).
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Author: hpopehpope
Date: Sep 20, 2008 09:44
On Sep 19, 9:34Â pm, Lobby Dosser verizon.net> wrote:
> If we're going to bail them out, there should be Consequences. I'm in
> favor of hanging all the Executives from lamp posts by their balls,
> but I know that won't happen - yet. So how about making it like a drug
> bust and seize all of their property including everything they
> sheltered while doing their Dirty Deeds?
>
> And speaking of Dirty Deeds, Bailouts are nothing more than ENABLING
> BEHAVIOR!
Yes, and yes. Same treatment for those who knowingly employ illegal
aliens.
No corporate shelters. Seize business assests, auction, criminal
indictments
for managers and officers.
mitch
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Author: susanmoore.kcsusanmoore.kc
Date: Sep 20, 2008 07:52
Just found this and it is pretty cool...Rumor has it that Barack Obama
(SHIM) has contacted a well known Hollywood make-up, do-over, artist
to mainstream his physical appearance!
http://xrl.us/orp3f
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Author: LawyerkillLawyerkill
Date: Sep 20, 2008 07:14
Last week the best I could get from my bank on a $40,000 CD for 6
months was 2.35, today I called and it's up to 3.5
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Author: Trailer TrashTrailer Trash
Date: Sep 20, 2008 06:14
Political Views Driven by Biology
By Jeanna Bryner
Senior Writer
Posted: 18 September 2008 02:03 pm ET
Fierce individualists, Americans figure that we choose our own political
beliefs, but actually it could come down to biology.
Individuals who are more easily startled by threats are more likely than
others to support protective policies, such as military spending, the
Iraq War and the death penalty, finds a new study.
Researchers over the years have put forth several factors to explain a
person's political beliefs, including religion, culture, genetics and
everyday experiences.
While the new study involved a relatively small number of participants
and doesn't topple any of these ideas, it adds physiology as another
driver of political leanings.
It suggests, at least for those with strong political views, that some
people are somehow built differently than others, either through
genetics or life experiences or both.
Stress and politics
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