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2008-10-01 Home Front Economy

Rep. Brad Sherman On Foreign Investor Handout Bill

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Posted by Zhang Fei 2008-10-01 14:34|| || Front Page|| [6 views ] Top

#1 In case the explanation in the article isn't clear enough, this handout bill allows for the Treasury to buy toxic waste assets originated abroad. This means the US taxpayer might end up owning foreclosures on British, Spanish and Australian real estate, which are way more overvalued relative to median income than American real estate.

Posted by Zhang Fei 2008-10-01 15:30|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-10-01 15:30|| Front Page Top

#2 Are any of these "foreign investors" members of the House Of Saud by chance? The "global economy." What's not to love about it?

Posted by Besoeker 2008-10-01 15:46|| 2008-10-01 15:46|| Front Page Top

#3 Could traders and bankers be destabilizing the market on purpose, in their own little ways, to pressure D.C. on the bailout?

I just read another article about low demand for overnight loans, Bank2Bank, and I thought that was there big boogeyman?

Posted by bigjim-ky 2008-10-01 16:22|| 2008-10-01 16:22|| Front Page Top

#4 The US government created the problem and interfered with the markets. The markets just handed the Fed the first bill.

Ill thought regulation.

Posted by newc">newc 2008-10-01 16:36|| 2008-10-01 16:36|| Front Page Top

#5 Shades of Goodfellas - note that the banksters cleaned out the place before setting it on fire to make a $700b insurance claim - a claim they want honored by American taxpayers.

No one seems to remember that last Christmas - December 2007 - Wall Street handed out RECORD BONUSES of $35 BILLION DOLLARS. Much of the profits were made in the (then) lucrative Debt Speculation. Here we are bashing American Car Companies again. The Auto Bailout is a LOAN. The Bank BAILOUT is a blank check, and Uncle Sam gambling with your money. Get a clue. Wall Street partied too hard, and now I need to give them money? Their bonuses (1 years worth) amount to 5% of the $700 Billion. I say - let the banks fail. Ive been hearing - from the Wall Street Analysts - that GM and Ford are going bankrupt for years. Funny - I never heard anyone predict Goldman in July - or Fannie & Freddie in August??? Leave the American Car Companies out of this debate. I know theyre everyones favorite punching bag - but get a clue - this is a year old topic that was already approved before the so-called Wall Street Crisis. - AND - ITS A LOAN. NOT A GAMBLE.

Posted by Zhang Fei 2008-10-01 16:46|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-10-01 16:46|| Front Page Top

#6 The No Banker Left Behind Act of 2008 has passed the Senate. Break out the bubbly.

Posted by Zhang Fei 2008-10-01 22:33|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-10-01 22:33|| Front Page Top

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