by Denis Campbell
The rhetoric of fear made its way into the election as still President Bush (for 111 more days) put on his serious face, stared into the camera and lied to bail out his Wall Street pals just like he did for his oil buds 6-years earlier. They need us to buy into this [...]
Tag | we hold the bag
Economic Bailout for Dummies
Posted on 25 September 2008 by Denis Campbell | Comments (0) | Tags: 111 more days, 1930’s style Depression, Al Qaeda’s in The Financial System, Alamo, Archbishop of Canterbury, assets (mortgages), AutoNation, AutoNation to re-sell at 60-70% of what he paid, barely escaped alive, Be Afraid, because… he said so, Blockbuster business model, Blockbuster Video, buy the auto fleet from a manufacturer, Capitol Hill, CBS Evening News, CEO pay accountability, commission when the loan is re-sold, Congress and the public aren’t fully buying it, Congress needs to do more than symbolically go after CE, Dick Armey, Dick Cheney, dire threats, do this bailout our way, earn back the purchase price++, Gibson of ABC News, government buys the bad debt paper, he felt betrayed because Cheney came privately to him a, if there was an asset you could re-sell and re-use over, Katie Couric, lied to bail out his Wall Street pals, love for Rachel Maddow to have two minutes with her, made money three ways on the single automotive asset, make a huge profit, McCain, National Rent a Car, no choice but to rally the party, political capital in tatters, politicians and Joe Six Pack can easily see, Ponzi scheme disguised as reform, printed in the annual report, pro-regulation, re-packaged them as securities (sub prime paper), re-sell the asset at a discount, reform has to impact these speculative traders and thei, rent videos earning much more then the purchase price, renting the autos to customers, renting videotapes and DVD’s through his creation, Sarah Palin, scared into the Iraq War, seize/sell their ill-gotten assets, shame on you for this un-Christian like behaviour, slinked out scowling more than usual, sold them (making huge commissions), still President Bush, they make money on the transaction, they need to frog-march those responsible to jail, tip of this iceberg, to cow his Republican cohorts into accepting the bailou, Today Show, top traders at Lehman earned more than the CEO, top traders robbing from the poor to give to themselves, tried to pin Sarah down, volume discount, Wall Street, Wayne Huizenga, we hold the bag, “Charlie”
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UK Progressive began during the 2008 US Presidential Campaign. It replaced two blogs: "Outside the Boundaries" (dedicated to US/UK Politics and Business) and "Fire the Guru!" an expose of charlatans in the Mind Body Spirit business. It was briefly known as The Vadimus Post from the Latin 'Quo Vadimus' or 'Where Are We Headed?'
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