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View Diary: the consequences of bush's corruption (11 comments)

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  •  It is almost enough to make a person (4+ / 0-)

    call the police.

    There isn't a good place to hide.  The prices of mutual funds are going down. The dollar buys less and less.  Bonds and money markets have subprime loans and could be devalued. Housing is going down.

    Now, you say we can't sell our homes if a loan is involved.

    I bought a small amount of a gold mutual fund. It was down the last I looked.

    Where were the regulators?  What were the companies like Moody's thinking when they gave AAA ratings to subprime loan?  Why is Bush allowed to spend us into bankruptcy?  

    More layoffs were announced today.

    This is a heck of a mess. Yep, it is a Tsumi muckstorm about to happen. All we can do is be careful and help our family and friends and maybe impeach Bush and his gang.

    (Why isn't anyone going to jail or being fired?)

    •  impeachment would be a great start (3+ / 0-)
      Recommended by:
      Lujane, Janet Wright, JG in MD

      ... and a way to slow the bleeding. further it would build a movement for change, though it would certainly provoke an apoplectic response from the usual suspects in government, the media and rush limbaugh's sheeple.

      we are in a bad spot and we are going to have to organize our way out of it.

    •  Read the WaPo article by (2+ / 0-)
      Recommended by:
      joe shikspack, JG in MD

      David Cho and Neil Irwin entitled Paulson Outlines Mortgage Aid Plan and real all the comments after it.  There are some great comments and one is that Paulson himself was president of Goldman Sachs up until last year and his investment firm made the most money off the subprime fiasco.  Of course they want governments to bail out the firms so the investors don't get hurt or bankers and investment firms suffer no real loss. Now Paulson is offering up the solutions to the problems he helped to create and got rich off of.  Deregulation is of the devil.  Regulate Regulate Regulate everything so the slimballs can't squeak without us knowing what they do!

      •  Yes, Paulson was one who profitted (1+ / 0-)
        Recommended by:
        joe shikspack

        off the subprime mess.  He made a billion dollars last year. Since I learnd that, I can't stand to look at him.

        I think Chelsea works for Goldmans. I know she works for an investment firm.

        Hillary didn't let the wind hit her in the rear before she jumped in and offered to give 5 billion to bail out the buyers, which seems wrong to me.

        Give each buyer the money they put down and let them walk away.  Pass a law that the banks have to keep up the yards on the houses that are vacated.  Don't tax the buyer for their refunds.  It was their money and probably borrowed.

        They are even talking about putting a floor under housing, which is so wrong.  Free Market isn't what it is supposed to be when they face a problem on Wallstreet.

        We all are losing money in our bonds and investments because of this. Loans are really hard to get now.

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