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Tuesday, September 23, 2008

Paulson, Bernanke Fail to Blackmail Congress

House Leaders Struggle to Generate Support for Rescue (Update2): "Congressional leaders in both parties are struggling to find support among House lawmakers for a $700 billion rescue plan for troubled financial firms pushed by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke.

Congressional testimony today by Bernanke and Paulson and a visit to Capitol Hill by Vice President Dick Cheney may not have persuaded a majority of either party to back the rescue plan, lawmakers said."


Despite a lot of fear mongering, Paulson and Bernanke appeared to have failed to blackmail congress into rushing this bill through. A lot of tough questions were asked today, and both Paulson and Bernanke definately felt the heat. A few times they really squirmed in their seats.

I personally think the bailout bill is a disaster waiting to happen.

Unfortunately it still looks like the damn thing is set to pass. Click here.





9 comments:

Todd said...

The question I really want Paulson to answer is... if "hold to maturity" is good enough for Treasury and the taxpayer, then why isn't it good enough for the banks?

Those pesky accounting rules! But hell, we banned short selling, we can make Level 3 assets standard practice too!

I posted a longer diatribe here: http://www.dailykos.com/story/2008/9/23/22532/6185/996/608189

Anonymous said...

We are having fun in Fantasy land?

Party is over!!! It is time to pay the booze.

Stocks are way overpriced.

Anonymous said...

the blackmail bill will pass.
CONGRESS IS SIMPLY BEING BLACKMAILED
BY WALL ST
THRU THEIR ''MARKET MAKERS''.

WALL ST VIA THEIR ''MARKET MAKERS''
CONTROL STOCKS PRICES AND MARKETS.

WALL ST. IS BLACKMAILING CONGRESS AND THE USA,
THANKS TO
A COMPLETE LACK OF ''FREE MARKETS''.

OUR S.E.C IS WORTHLESS.

CONGRESS WILL GIVE IN AS THE MARKETS
ARE MANIPULATED DOWN, DOWN, DOWN
BY WALL ST MARKET MAKERS.


WALL ST FIRMS, BANKERS, AND HEDGE FUNDS ...
CONTROL THE PRICE OF STOCKS
BECAUSE
THEY SET THE PRICES THRU THEIR ''MARKET MAKERS''

HOW ARE THEY BLACKMAILING CONGRESS AND THE COUNTRY?
SIMPLE.
EVERYTHING IS TIED TO THE ''PRICE OF STOCKS''.

ONLY IN THE USA DO MARKET MAKERS
SET THE PRICE OF STOCKS, AND THE MARKETS.

THE HIGHEST AND LOWEST OFFERS,
IN THE USA, ARE NOT PUBLICLY OFFERED,
IN THE MARKET. NO FREE MARKETS.

ONLY ''MARKET MAKERS '' SEE THE HIGH AND LOW
AND GET THEM!

MARKET MAKERS ARE STEADILY
PULLING DOWN US STOCK PRICES AND US MARKETS.

BLACKMAIL, UNTIL CONGRESS GIVES THEM THE 700 BILLION.

THERE ARE NO ''FREE MARKETS'' IN US STOCKS.
THE HIGH AND LOW ARE NEVER PRESENTED, PUBLICLY.

THE ONLY PRICE ANYONE CAN SELL OR BUY AT
IS TOTALLY CONTROLLED
BY WALL ST ''MARKET MAKERS''.

MARKET MAKERS ARE WALL ST CONTROLLED.

MARKETS GO DOWN, UNTIL CONGRESS PAYS THE BLACKMAIL.

MARKETS WILL GO DOWN,
BECAUSE MARKET MAKERS ( WALL ST)
WILL KEEP PULLING PRICES DOWN,
UNTIL THEIR BLACKMAIL IS PAID.

WALL ST VIA MARKET MAKERS
IS BLACKMAILING CONGRESS AND THE USA, THANKS TO
A COMPLETE LACK OF ''FREE MARKETS''.

OUR S.E.C IS WORTHLESS.

CONGRESS WILL GIVE IN AS THE MARKETS
ARE MANIPULATED DOWN, DOWN, DOWN
BY WALL ST MARKET MAKERS.

THANK YOU S.E.C. FOR NO ''FREE MARKETS''.

WHO DECIDES THE PRICE OF STOCKS?

US ''MARKET MAKERS'' SET AND FIX THE PRICE.

IN ANY OTHER COUNTRY, THE HIGH AND THE LOW STOCK PRICES
IS PRESENTED TO PUBLIC BUYERS.
THE USA IS THE ONLY COUNTRY IN THE WORLD

WITH NO ''FREE MARKETS'' , JUST ''MARKET MAKER'' MARKETS.
WALL ST MARKETS .

Anonymous said...

CONGRESS IS SIMPLY BEING BLACKMAILED
BY WALL ST
THRU THEIR ''MARKET MAKERS''.

WALL ST VIA THEIR ''MARKET MAKERS''
CONTROL STOCKS PRICES AND MARKETS.

WALL ST. IS BLACKMAILING CONGRESS AND THE USA,
THANKS TO
A COMPLETE LACK OF ''FREE MARKETS''.

OUR S.E.C IS WORTHLESS.

CONGRESS WILL GIVE IN AS THE MARKETS
ARE MANIPULATED DOWN, DOWN, DOWN
BY WALL ST MARKET MAKERS.


WALL ST FIRMS, BANKERS, AND HEDGE FUNDS ...
CONTROL THE PRICE OF STOCKS
BECAUSE
THEY SET THE PRICES THRU THEIR ''MARKET MAKERS''

HOW ARE THEY BLACKMAILING CONGRESS AND THE COUNTRY?
SIMPLE.
EVERYTHING IS TIED TO THE ''PRICE OF STOCKS''.

ONLY IN THE USA DO MARKET MAKERS
SET THE PRICE OF STOCKS, AND THE MARKETS.

THE HIGHEST AND LOWEST OFFERS,
IN THE USA, ARE NOT PUBLICLY OFFERED,
IN THE MARKET. NO FREE MARKETS.

ONLY ''MARKET MAKERS '' SEE THE HIGH AND LOW
AND GET THEM!

MARKET MAKERS ARE STEADILY
PULLING DOWN US STOCK PRICES AND US MARKETS.

BLACKMAIL, UNTIL CONGRESS GIVES THEM THE 700 BILLION.

THERE ARE NO ''FREE MARKETS'' IN US STOCKS.
THE HIGH AND LOW ARE NEVER PRESENTED, PUBLICLY.

THE ONLY PRICE ANYONE CAN SELL OR BUY AT
IS TOTALLY CONTROLLED
BY WALL ST ''MARKET MAKERS''.

MARKET MAKERS ARE WALL ST CONTROLLED.

MARKETS GO DOWN, UNTIL CONGRESS PAYS THE BLACKMAIL.

MARKETS WILL GO DOWN,
BECAUSE MARKET MAKERS ( WALL ST)
WILL KEEP PULLING PRICES DOWN,
UNTIL THEIR BLACKMAIL IS PAID.

WALL ST VIA MARKET MAKERS
IS BLACKMAILING CONGRESS AND THE USA, THANKS TO
A COMPLETE LACK OF ''FREE MARKETS''.

OUR S.E.C IS WORTHLESS.

CONGRESS WILL GIVE IN AS THE MARKETS
ARE MANIPULATED DOWN, DOWN, DOWN
BY WALL ST MARKET MAKERS.

THANK YOU S.E.C. FOR NO ''FREE MARKETS''.

WHO DECIDES THE PRICE OF STOCKS?

US ''MARKET MAKERS'' SET AND FIX THE PRICE.

IN ANY OTHER COUNTRY, THE HIGH AND THE LOW STOCK PRICES
IS PRESENTED TO PUBLIC BUYERS.
THE USA IS THE ONLY COUNTRY IN THE WORLD

WITH NO ''FREE MARKETS'' , JUST ''MARKET MAKER'' MARKETS.
WALL ST MARKETS .

workedlate said...

Congress being blackmailed by banks still today and congress is fleecing America 7 months later, now we get the new toxic plan to over pay for bank assets. ridiculous.
http://financialrealityrevisited.blogspot.com

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