The only winners of this plan are bankers.

I am sorry. I just cannot keep the grin from showing up on my face. I feel so bad and this is real going to hurt. But I just enjoy watching the worm turn. Payback is a bitch!

If the bailout is truly because of mortgage-backed securities, the government should be buying the MORTGAGES, not the securities. That way at least we'd own something of value (houses) instead of worthless paper.

Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.

The events of the past week are no exception.

The bailout package that is about to be rammed down Congress' throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It's bailing out the financiers, the banks, the Wall Streeters."

That describes the current bailout package to a T. And we're being told it's unavoidable.

The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences - predictable, that is, to those who understand sound, Austrian economics - are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!

The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.

Financial institutions are "designated as financial agents of the Government."

Then there's this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.

There goes your country.

Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don't make me laugh.

Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind - another example of the big choice we're supposedly presented with this November: yes or yes. Now, with a backlash brewing, they're not quite sure what their views are. A sad display, really.

Although the present bailout package is almost certainly not the end of the political atrocities we'll witness in connection with the crisis, time is short. Congress may vote as soon as tomorrow. With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.

The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?

When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in politics and the media?

Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be.

Ron Paul

How can anybody take McCain seriously when, a short time ago, he was for "deregulation"? Now, of course, he's for the bail-out which includes "regulation." It's no secret that his good friend and advisor, Senator Phil Gramm, wrote the original legislation that got all this mess started by voiding the rules it was supposed to prevent. McCain's own manager, Rick Davis, a key figure in his campaign, was paid $2 million for years to lobby for Fanny May and Freddie Mac so they wouldn't be regulated. These are facts. So how can McCain suddenly now be for "regulation"? And here in Orange County, more facts: does anybody remember the scandal of Keating and Lincoln Savings of Irvine with their big-time melt-down, with McCain being friends with Keating, accepting contributions from him, and pushing for 'deregulation." So, tell, me please, how does Senator Flip-Flop McCain have any creditability when it comes to being a "deregulator"? (Find out the truth about these things, guys and gals, it's your money and your kids' money they're giving away.)

Oh yeah..., the Keating 5!!

Right!

Where John McCain & John Glenn were cleared of any wrong-doing, but 3 unscrupulous Democrats were not. They were found by the Senate Ethics Committee to have acted improperly by interfering in an investigation of Keating's activity.

That about cover it?

I have only one comment. Can you imagine the type of vile people, the unmitigated greed of these people, the bombastic criminality of these people---who could cause this much trouble in the Worlds largest economy. I don't need to know a single thing about derivatives, or any other so called instrumetns to know that we are talking about some of the most vile people on earth that work at Wall Street. Period.

By the way, if anyone actually believes this bailout is going to help this economy, or the American citizenry in any way, rather than the crooks that caused it to be needed, then I have some excellent waterfront property I'd like to sell those people located in the Mojave Desert.

The time has come for a Second Amerian Revolution.
No matter how much money you take from your wallets to give to the wall street bankers, a year from now, you'll see 20% unemployment, drop in home values of 50%,
food lines, tent cities.

They screwed us, and now they want more.

Not jut no to any bailout to the wall street bankers -

HELL NO !!!

This is the filan straw !!!
I'M MAD AS HELL AND I'M NOT GONNA TAKE IT ANYMORE. ITS TIME TO UNITE AND TAKE THIS COUNTRY BACK AND LET THEM WORK FOR A CHANGE

Would you allow a paedophile to baby-sit your kids? Handing your money over to those filthy Wall St types is no different...They will screw you and then justify it with there own warped sense of "economic morality" And now they ask you to "trust " them with no accountibility???

"Can you imagine the type of vile people, the unmitigated greed of these people, the bombastic criminality of these people---who could cause this much trouble in the Worlds largest economy......"

The reason is this: They are not people. We are a different species from the reptilian/zionist scum and are regarded as cattle. They could give a rat's ass WHAT happens to the eeconomy, in fact THIS IS THEIR PLAN - to tank it and abscond with everything that is left that they don't yet have.

It's a huge transfer of wealth machine and they're at the switch because all throughout the last 100 years they have blackmailed, murdered or financially destroyed anyone who got in their way.

This is HIGH TREASON!
The penalty of Treason is DEATH!
If this plan passes, expect open war against you, the American citizen. Because they know it's TREASON, and if they proceed with it, it will inevitably lead not to stability, but even more grave collapse. The only difference is whether the TRAITORS and DUAL CITIZENS will make it off-shore with the amount they are hoping for.
This is just another c@m-shot in Liberty's face by those porn stars of debt. This is the end of the line. You will be starving and homeless unless you are 'locked in ' with the plan for a 'New America.'
Obama, not a US Citizen, but an agent of a foreign power, is going along with a sanitized version, of course. Marxism, after all, needs a strong centrally controlled economy, and this plan delivers it in Spades. McCain is not a US Citizen either, but a bastard scion of King Edward VII(Prince Albert). He wants "Christian" Marxism, which will require the same completely centralized economy.
This is the bottom line: If we decide to hang these (ethnic and religious identity censored by your PC rules) Traitors instead of giving them 5 million dollars out of each of our pockets, their (foreign intelligence agency name censored for your PC comfort) is ready to terror nuke a US city to restore "Order Out Of Chaos."

So if you are a deluded fantasaist who wants to see your anti-Christ Savior, Government, perform false miracles, just sit back and let them have their way. After all getting date-raped by your daddy, Darth Vader isn't as bad as getting all your teeth knocked out, and getting your pretty face cut up. That choice is the real meta-message of the un-elected Traitor-in Chief last night: Do the bailout, or it will go real hard on you.

Let them drown!!!!! I don't really care myself. If it gets that bad and I lose my job?? No problem, my tent will suffice with all my goodies to keep me warm/fed/comfortable and care-free. It's called accountablility folks - and our government has NONE - when are you all going to wake to this fact - they do not give a sh*t about you . . . let them drown!!

The tax paters did not get these guys into this mess so taxpayers, DON'T BAIL THEM OUT! Accountability and prison for all(including Congress who greased the wheels)

Has anybody given any thought to organizing a huge write-in campaign for Ron Paul? He seems to be the only one guarding the hen house with any integrity and he tells the truth, which is something I can't see in many others up there on the Hill.

Unless this country gets out of being bedded with the Federal Reserve and starts printing its own money, retires all those Treasury bonds, etc. we are going to get sucked down into oblivion, and Ron Paul is the only who sees this. The entire world economy is leveraged at 60 to 1, and the derivatives are valued at 20 times the annual GLOBAL GDP, so unless something like what I suggest takes place, the whole mountain of debt is going to implode and no country, including the US can print their way out of it. See http://www.marketoracle.co.uk for some straight talk about this in plain English.

I would like to add:

The Government is not 'bad' in and of itself. It could be our voice of unity and hope, if we make it so. I support populist government, and would support a rational plan, made by some fresh faces. One that would save the lives of the most vulnerable, and take levy on the traitor criminals vast wealth to do so. Love.

After reviewing all that is going down. I am wondering whether or not there are any legal means of getting Dr. Ron Paul back in leadership contention. Are there any ideas?

URGENT ACTION NEEDED! -- Contact the courageous Indiana Congressman who is standing up to the Fed !

Right now senior Indiana Congressman Mike Pence (R) and others are at Capitol Hill holding their ground against The Fed, Bush, Paulson, and Bernacke. Time is of the essence because Bush continues to feed the message to the media that our world will melt on Monday if they don't get their $700+ billion bailout regardless of what America's taxpayers want. This is not true. America will still be here on Tuesday.

Currently, Congressman Pence is wisely calling for a suspension of the capital gains tax on investments in order to encourage the millions of Americans without debt to invest in the markets. Here is the Congressman's plan. www.MikePence.com

Call Congressman Pence from Indiana, tell him America has his back, and ask him to co-sponsor HR 2755, The Act to Abolish the Federal Reserve Bank, the culprits who want to steal our wealth and leave generations in debt to their private consortium of bankers. The Congressman's office is receptive to your message!

PLEASE FORWARD THE MESSAGE BELOW TO YOUR LISTS:

"We are helping the Indiana tax activists with HOOSIERS FOR FAIR TAXATION in Congressman Mike Pence's home state of Indiana. They have a solid verifiable track record of successes and political network that includes elected officials on the right side.

Mike Pence, a courageous Senior Congressman from Indiana, was first to stand down the Fed against the bailout. Please call and fax his Indiana Office. Tell him we are grateful for his courage, tell him America has his back, and ask him to co-sponsor HR 2755, the Act to Abolish The Federal Reserve Bank and return America's wealth to her own Treasury! There is unbelievable ground support and the Congressman is getting calls from high places to co-sponsor the Act to Abolish the Federal Reserve, HR2755.

Be polite, enthusiastic, and be sure to thank him for his courage!

The numbers below are for his campaign office. There will likely be staff in his office this weekend. If no answer, send a fax and leave voicemails with your name, city, state. It doesn't matter if you are not from Indiana.

REP MIKE PENCE INDIANA OFFICE
PHONE: 765-643-9503
FAX: 765-643-9514

P.s. Then don't forget to call your own local Congressperson and tell them her or him to stand with Representative Mike Pence and with the American People."

Good point!

And by buying MBSs this gives Wall St. another swipe at fees when the gov't finds out it needs someone to administer the stuff.