All Blog Posts Tagged '$700' (3)

I studied the problem facing the US Banks and Fannie Mae & Freddie Mac over the issue of $700 billion loan to the Banks to payoff Fannie Mae & Freddie Mac and to allow the FHA to reorganize those Mortgages. If their plan works the problem will still affect the stock market adversely and foreign nations will still tighten their belts against US Interests. It became interesting as I had my own suspicion of why the problem occurred but it could be more severe when adding to it the reasoning… Continue

PAULSON’S/BUSH $700 BILLION RAPE OF THE AMERICAN PEOPLE!! How did Treasury Secretary Paulson figure out that recapitalizing the banking system would cost $700 billion? Or did he just estimate the amount of money that could be loaded on the back of the Treasury’s flatbed truck when it sputters off to shower his buddies at G-Sax with freshly minted greenbacks? The point is, that Paulson’s calculations were not assisted by any economists at all, and they cannot be trusted. It is a purely arbitrary… Continue

I have been faxing the following message to leading members of Congress. It may not suit you but it suits me. No I do not really expect that Congress will mandate immediate action by Detroit or the oil companies but I wish they would and if I ask for it maybe they will demand action within a few months instead of a few years. In a few years we will all be wearing Arab robes or Mao jackets. If Brazil can be energy independent, so can we. Dear Senator [name]: Your job just got a lot more difficu… Continue