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So maybe some of you don't remember, but a VERY SERIOUS PERSON regarding budget matters, Paul Ryan, voted for the bank bailout. If he was so very serious about the deficit, I don't understand his vote. Video is fuckin' here yo:

Sorry about the profanity, but I cannot believe that the "lamestream media and such" can't play this clip of someone who want's to screw seniors over because the budget is such a big problem, yet he argued that we MUST give 700 billion dollars to the banks while absolving them of most wrongdoing.... It was in the bill. Check it out, or just listen to the full video to have it explained. The basics are that most unlawful activity was originally given blanket immunity in the bill. I'm not sure how much remained in the final passage. The first bill, championed by Rep. Ryan, was three pages long, and contained said provisions.

Sorry this diary is so short, and I'm sure most of you have seen video of Rep. Ryan begging for the bank bailout before, but I first saw it tonight, and I wanted to share. BTW, all my FNBB buddies, I hope you are well, I am too.

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Comment Preferences

  •  Tip Jar (10+ / 0-)

    They don't swear on a Constitution to uphold the bible, they swear on a bible to uphold the Constitution.

    by You know me man on Sun Jun 05, 2011 at 06:51:00 PM PDT

  •  You did not say anything profane (2+ / 0-)
    Recommended by:
    You know me man, linkage

    You did say something vulgar however.

    Big difference.

    Measure twice, cut three times, repeat as necessary.

    by SpiffPeters on Sun Jun 05, 2011 at 07:03:11 PM PDT

  •  Watch a 4 Hour Video?? (2+ / 0-)
    Recommended by:
    Trotskyrepublican, exlrrp

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Sun Jun 05, 2011 at 07:24:48 PM PDT

  •  The power of the purse and the (0+ / 0-)

    control over money (our currency) was allocated to the Congress by the Constitution.  However, for some reason, Congress was persuaded to hand over that power to a private corporation, (the Federal Reserve Bank) one which the Congress, a public corporations, created with a charter (the Corporation for Public Broadcasting and the Boy Scouts are other exemplars), as one of the first overt acts of privatization.
    Why?  Why did Congress relinquish power?  Given the subsequent pattern of privatization, one is led to suspect it's because holding the strings of a corporation gives them more leverage and deniability than managing the currency themselves. That is, when things go wrong, they can claim "it's not our fault" and escape being held to account at election time. Power without accountability is better than having to carry out the obligations of public office.
    Bailing out the banks is the price of having abrogated responsibility in the first place. Besides, the money is worthless, a mere symbol of relationships, things owned and owed, whose value depends entirely on the credibility of the entity that prints it. If the U.S. Treasury can't be trusted to replace money that's been lost, then the dollar has no value. Imagine what would happen if the alphabet we rely on to communicate were suddenly declared inoperative. We could turn to Sanscrit, but it would create a mess.

    What's peculiar is the persistent belief that the dollar has some intrinsic value, despite no longer being made out of a precious metal. You'd think that with tens of billions having gone missing in Iraq, people would have figured out that what you don't use, is lost in any case. But no.  Some of our financial/industrial gurus are currently hoarding some $2 trillion in cash, betting that if they just keep it hidden, it will be worth more later.  
    Of course, in a sense, they're right.  The hoard is actually worth nothing, as long as they don't use it. But, it is an inconvenience since the rest of our currency has to turn over more rapidly to make up for the short-fall. Money does not get better with age.

    http://www.youtube.com/cyprespond

    by hannah on Mon Jun 06, 2011 at 01:25:30 AM PDT

  •  TARP didn't create a deficit hole (0+ / 0-)

    The net losses on the $700B in TARP are negligible.

    I hate Paul Ryan as much as anyone, but the vote for TARP is not inconsistent with his deficit-hawk position.

    Numbers are like people . . . Torture them enough and they'll tell you anything.

    by Actuary4Change on Mon Jun 06, 2011 at 05:56:32 AM PDT

  •  Friday nights ain't been the same. (0+ / 0-)

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