Comments on: Where Did All The Bailout Money Go?

By: Curt Loftis

Curt Loftis — Thu, 25 Dec 2008 00:21:53 +0000

Great post, Will.

The failure of the GOP to resit these bailouts shows why it is a party in desperate trouble with little or no hope of reform.

These bailouts are poorly thought out, and administered as if America were a third world country without any transparency or accountability. In the next administration this situation will only become worse.

As a party we should be marching on Washington, not standing at its gates with our hands out waiting on “our share”. We should be demanding less government not more debt…especially debt laid on the backs of our children.

Curt
PS…Merry Christmas…

By: Pat Hendrix

Pat Hendrix — Wed, 24 Dec 2008 17:33:45 +0000

Freddie and Fannie were not even involved in the subprime business, and played a very small part in the selling of questionable mortgage packages. You know, because they were, you know, regulated – by government.

But since “fits” keeps linking to a poorly research, cherry picked story that lays the blame at the feet of the democratic party and poor people, I’ll provide a couple of links that are grounded in something rarely found in in these types of discussions: Reality.

http://economistsview.typepad.com/economistsview/2008/07/did-fannie-and.html

http://www.nytimes.com/2008/07/14/opinion/14krugman.html?_r=1&oref=slogin

By: Pat Hendrix

Pat Hendrix — Wed, 24 Dec 2008 17:06:15 +0000

What a surprise, it’s the fault of the poor people that the banks were “forced” to give loans out. Not that the banks actively and effectively lobbied Congress so that could give loans with less oversight – loans they could charge a higher interest for. Nope, poor people and the Democrats.

Fiction can be fun. And at fitsnews, a living.

By: Reader

Reader — Wed, 24 Dec 2008 15:26:30 +0000

“[America] requires US citizens to privately enforce the law.” I think it’s called Vigilante Justice.

By: liz

liz — Wed, 24 Dec 2008 13:51:19 +0000

Fits, everyone is assuming that the banks actually got the money. Is there proof that they actually received this bailout or not? If they can’t or won’t disclose the receipt, we are actually on a different page that we think in this book.
People need to know that the Social Security Trust Fund has been unsupervised by outside Trustees this year. The Trustees positions were created in 1984 to add additional oversight. People were tapped this year and never sent for confirmation.
Then people need to know that I have hard copy evidence of my surrendered Social Security account paying a ” black hole” for fifteen years, or until I was forced to reapply due to my lifetime illness returning.
Addtionally, I have hard copy evidence of another terminated account left in pay for twenty years and yet still another witness.

Please understand our Good Ole Boys have shut down every single investigation of these matters at the FBI, the Secret Service, the HHS OIG and that I hold a fraudulent Inspector General report from Social Security OIG, accepted by our current GOP leadership…..

Please understand that when I started yelling the Trust Fund is gone… voila` financial crisis appeared.

If you steal all surrendered and terminated SSA accounts for twenty years…. that could actually add up to 700 billion.

I have well over 2000 pages to back up every word in this story.
Understand that now the GOP requires US citizens to privately enforce the law.