Fanny and Freddie, my official response, please read, then join me
I am calmer now, its amazing what tabacco can do for you. Haven't smoked a cigeratte in 16 months, but I needed this, and the bottle of Jim Beam I bought.
These combine to act as my valume.
I still feel my muscles tense up a bit and a permanent twitch has moved in on my right eye, blood pressure appears to be coming down a bit.
I think I'll go and charge my credit cards to the hilt, hell, my wifes too, it doesn't matter. I'll just ask for a bailout :)
These combine to act as my valume.
I still feel my muscles tense up a bit and a permanent twitch has moved in on my right eye, blood pressure appears to be coming down a bit.
I think I'll go and charge my credit cards to the hilt, hell, my wifes too, it doesn't matter. I'll just ask for a bailout :)
Views: 26
Replies to This Discussion
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Permalink Reply by moomesa on -
Ty,
i'm 100 percent with you on this one. i saw the news on that this morning, and i must say, it made the hairs on the back of my neck stand up. if you've got any thing to sign etc. send it my way
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Permalink Reply by American in the D.R. on -
You missed the wording... It is not a bailout. It is a takeover.
OH SHYT.... I'M GOING TO DUCK AND COVER WHEN HE READS THIS.
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Permalink Reply by Ty on -
Does it matter ADR? The same principle is this, taxpayer money for this endeavour, am I wrong on that?
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Permalink Reply by American in the D.R. on
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It's about ownership. This is not a public institution anymore. It is a Federal one that WE the people will be forever paying for without any return.
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Permalink Reply by moomesa on
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the only thing that worries me about refusing to pay fed. income tax is that unless it's a huge, i mean realy huge, group the people that don't pay will get tossed into that group (the government calls them militia) and life will go on as normal.
trust me, i personaly think most of our taxes are illegal and if enough people DO ban together and do this it would one of the greatest things since sliced bread.
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Permalink Reply by Kenneth Guntkowski on -
What a wonderful country! No more investment risk. If my investments work out, I make money. If not, the fed will bail me out. It is win-win.
Seriously, this whole mess could have been prevented. Now it has become a frightening situation.
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Permalink Reply by James Monken on -
Ken,
This mess was caused by the same people that caused our current energy mess ... congress! You are completely correct that it could have been prevented by leaving the rules on borrowing in effect that had been in place for decades.
What does this discussion have to do with the Pickens Plan?
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Permalink Reply by Dale Nelson on -
Let's place the White House in there with the Congress. The Executive branch has much more say over day to day operations than the Congress.
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Permalink Reply by Debra Goldenberg on -
I completely understand your indignation. Well justified. But please don't withhold your Federal taxes, others have done that in protest and they always get nabbed eventually. You do not want to be in bad stead with these guys, they will charge penalties and interest that can make you bankrupt.
Find another outlet to protest. Get a group together and go to your federal representative to air your views. How about this proposal, that could come from a grassroots consumer movement: all future profits (which will happen in the future, when the economy rebounds, if it does not totally collapse) will go back to taxpayers like Alaska oil profits are being rebated to Alaska residents. No CEO multi-million dollar salaries, no shareholders other than US citizens. We get to analyze company practices and policies. We vote in and out the managers.
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Permalink Reply by Ty on
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Debra, I can truely appreciate your caring sentiment in this. It is always a woman that must show men the way to a more peaceful solution. With that said maam, I am at my wits end. If, in the next 12 months I see no change in my governments actions I will have but one recourse of action for my family to defend our rights, that is open revolt. I see no other choice and, quite frankly, I see no other choice of action. I cannot, in good conscience, stand idly by while my children and childrens children futures are further put in jeopardy in the name of progress maam. To me, that is not progress, that is slavery. Thank you for your kind words.
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Permalink Reply by Debra Goldenberg on
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Thank you for your reply!
I have to say, the situation is Taxation Without Representation.
So we need representation in those boardrooms, if they need our money. You say you want a revolution (cue Beatles). Sure, one every generation...
Who is really at fault here? Besides the government, which did not do proper oversight (who is the President, and did he do due diligence to protect Americans? btw, he enacted a policy to allow greater leeway in lending to low income borrowers) it is also Wall Street, the leaders and executives of banks, managers and agents in mortgage companies, some (or many?) corrupt appraisers and real estate brokers, and some speculating consumers trying to make a quick buck flipping houses, and some (or many?) consumers who lied about their income to get the house of their dreams, or any house. In which case the consumer watchdog groups fell down on their job because they should have realized too many people were getting in way over their heads. And I would add the media for lauding the booming real estate market and refusing to take seriously the thought of a bubble. Kramer (sp?) on his financial cable show was the only one to yell "fire" and he was rebuffed at the time.
I myself was caught up in the inflated housing market in 2002, just when it was heating up, and had to overbid on my house in order to "win" from the many offers. That was after losing many other reasonable bids for other properties. It was unbelievable! And then the prices really started to climb, I was very happy we were "earning" 15% equity per year. We all watched this happen (at least in California). And nobody had any answers to why it was going on, and (most) everybody figured it would continue. Poof! The foreclosures start, and now we know!
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Permalink Reply by dave murray on -
well it's you and me that elect these people you bring war against. stock holders have a vote just like citizens
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