I am tired of listening to these elitist dirtbags that talk down to me and everyone else who hasn’t a degree in economics and has never been the CEO of a giant corporation and had the opportunity to run it into the ground along with the economy. The best part is if I do manage to trash the company I still get paid! Not a bad gig if you can get it. I have decided to learn as much as I can about the economy and why we are in this mess.

 I have learned a lot about how the Government and the banking buisnesses keep so many loopholes that it would make your headspin!It does mine. They like to use acronyms like,CRA,LMI,CDFI,GSEs,MBEs. These make them seem like they know something we don’t know and could never understand.I have learned a great deal so far.

The biggest thing I have learned is that the back door policies are what are killing us.The lobbyist are a corrupt group that never takes into account what is good for the Country. we need to get back to a country that understands fairness.It is not fair that special interest groups give so much money and gifts and trips.The politicians say that it doesn’t effect my judgement.I don’t believe this one bit.

If a special interest group did not get something they would not give to the politician.The back door deals are what is killing us,We need to stop the corruption.Our politicians want to blame each other about the problem but at this point if you are a politician at this point and time you are probably corrupt.

If just one politician had stood up and screamed loudly that the economy was heading for a collapse then the other politicians would not be able to ignore it!But none did. They went along because their fellow politicians that had been in the game for a long time know how the game is played.

 

At first when President Obama hit the lobbyists I thought, there’s a start.Not bad for the first day.Then the proverbial crap hit the fan! Gitmo,stimulus,nominations.So I think I will try and chronicle as much as I can of his exploits.( sounds like a cartoon character).

Sarting with some of the more notable Nominees

Hillary(obvious)

Richardson,no wait he’s gone because of federal investigation into ties to a company that has done business with his state.

Tim Geithner(protect from all enemies foreign and domestic(good thing say didn’t say financial enemies Huh) .Tax problems , what taxes, oh wait if I  owed that I didn’t know it,and if I did it wasn’t intentional.Besides It’s not like that’s what this job is for anyway ,Right? Besides I am the only person on earth that can fix the economy. Just ask me.

Daschle. See Geithner( just a differnt job)

More later

John Quincy Adams - “I inhabit a week, frail, decayed tenement; battered by the winds and broken in on by the storms, and, from all I can learn, the landlord does not intend to repair.”

Hamas has decided once again to have the people of Gaza pay for their terrorist activities.They know that if they send rockets into Israel that eventually Israel will get tired of it and repond. Hamas like Hezbollah are terrorists and should be dealt with as such.They will never accept peace.

Until the world comes to grips with the countries that support these and other terrorist organizations,nothing will ever change.Hamas has violated  cease fires over and over again.They are totally responsible for everything that happens the people of Gaza.If Mexico was shooting rockets over the border into the United States we would not hesitate to respond.

If the people of Gaza support Hamas then they will pay the price for this.Hamas and Hezbollah position their weapons in populated areas .They are putting the citizens of Gaza in peril.The Gazans must stand up and tell these cowards to stop.If they want a war with Israel then they should fight the army of Israel,not the people.

Israel wants peace as do most of the people of Gaza.Peace will never come with Hamas and Hezbollah.Their goal is to destroy Israel and all of its people.This will never happenI srael will fight to the death to protect its citizens.These terrorists count on this. But the problem with this is they will never destroy Israel.

MERRY CHRISTMAS !!

I would like to know why this was not done when the money was given to them! They damn sure made the auto companies understand they were accountable.We should know where every penney has gone or is going.These companies have already shown that they CANNOT be trusted with their own money .Why should the American taxpayers expect them to treat our free ride any different. I guess they wanted to be on the honor system .They have proven that they have no honor.People are being thrown out into the streets because of them.Now I want to know when our so called representatives are going to go after the criminals that caused this whole thing ?

Accountability for Economic Rescue Assistance Act of 2008 (Introduced in Senate)
S 3698 IS

 

110th CONGRESS2d SessionTo prohibit any recipient of emergency Federal economic assistance from using such funds for lobbying expenditures or political contributions, to improve transparency, enhance accountability, encourage responsible corporate governance, and for other purposes.

IN THE SENATE OF THE UNITED STATES 

November 19, 2008

Mrs. FEINSTEIN (for herself and Ms. SNOWE) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

 

To prohibit any recipient of emergency Federal economic assistance from using such funds for lobbying expenditures or political contributions, to improve transparency, enhance accountability, encourage responsible corporate governance, and for other purposes.

 

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

 

SECTION 1. SHORT TITLE.

 

This Act may be cited as the `Accountability for Economic Rescue Assistance Act of 2008′.

 

SEC. 2. PROHIBITION ON USE OF CERTAIN FEDERAL FUNDS FOR LOBBYING AND POLITICAL CONTRIBUTIONS.

 

(a) Definitions- In this Act:

 

•  
  (1) EMERGENCY ECONOMIC ASSISTANCE- The term `emergency economic assistance’ means any funds made available to any recipient under title I of the Emergency Economic Stabilization Act of 2008 (Public Law 110-343) or section 13 of the Federal Reserve Act.

 

•  
  (2) LOBBYING EXPENDITURES- The term `lobbying expenditures’ has the meaning given under section 4911(c)(1) of the Internal Revenue Code of 1986.

 

•  
  (3) POLITICAL CONTRIBUTIONS- The term `political contributions’ means any contribution on behalf of a political candidate or to a separate segregated fund described in section 316(b)(2)(C) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441b(b)(2)(C)).

 

(b) Prohibition on the Use of Emergency Economic Assistance- Any recipient of emergency economic assistance and any subsidiary thereof may not use such funds for lobbying expenditures or political contributions.

 

SEC. 3. GUIDELINES FOR THE USE OF FUNDS.

 

(a) Guidelines- Not later than 30 days after the date of enactment of this Act, the Secretary of the Treasury, in consultation with the Comptroller General and the Financial Stability Oversight Board, shall develop and publish corporate governance principles and ethical guidelines for recipients of emergency economic assistance including restrictions governing–

 

•  
  (1) the hosting, sponsorship, or payments for conferences and events;

 

•  
  (2) the use of corporate aircraft, travel accommodations, and travel expenditures;

 

•  
  (3) expenses relating to office or facility renovations or relocations; and

 

•  
  (4) expenses relating to entertainment, holiday parties, employee recognition events, or similar ancillary corporate expenses.

 

(b) Internal Reporting and Oversight- The Secretary of the Treasury shall publish suggested mechanisms for addressing non-compliance with the guidelines developed pursuant to subsection (a) through enhanced internal reporting and oversight requirements.

 

SEC. 4. REPORTING AND CERTIFICATION.

 

(a) Report- Each recipient of emergency economic assistance shall file with the Secretary of the Treasury on a quarterly basis–

 

•  
  (1) a detailed accounting of how emergency economic assistance is being used, including an explanation of how such funds have been allocated to stabilize financial markets and increase the availability of credit to consumers and businesses; and

 

•  
  (2) a certification that–

 

•  
  •  
    (A) no emergency economic assistance is being used for lobbying expenditures of political contributions in violation of section 2(b); and

 

•  
  •  
    (B) no emergency economic assistance is being used in violation of the guidelines issued by the Secretary of Treasury under section 3(a).

 

(b) Public Availability- Any report or certification filed under this section shall be made publically available by Secretary of the Treasury on-line, and at no cost.

 

SEC. 5. PENALTIES.(a) Use of Funds- Any person that violates section 2

(b) shall be subject to a civil fine of at least $100,000 per violation.

(b) Future Funding- Any person that fails to comply with section 2(b) or the guidelines implemented under section 3 shall not be eligible to receive any future emergency economic assistance unless the Secretary of the Treasury, in consultation with the Financial Stability Oversight Board, determines that reasonable steps have been taken to bring actions into compliance with and to prevent future violations of this Act.

 

(c) False Report- Any person that fails to file a report or certification required under section 4 shall be subject to a civil fine of at least $100,000.

 

SEC. 6. EFFECTIVE DATE AND APPLICATION.This Act shall take effect on the date of enactment of this Act and apply to any emergency economic assistance received before, on, or after that date.

A BILL

I have been sitting here reading.Reading about my fellow citizens.Having to come to grips with the betrayal of the CEOs and the Federal Government.I am so angry that the CEOs have run perfectly good companies into the ground for their own personal gains.I am PISSED at the representatives that sat and watched as they made decisions that they knew could possibly destroy the economy and if they say they didn’t know  then they are LIARS. They had not a care about the families they were possibly going to destroy.It reminds me of 911 when our so called Intelligence agencies said they could never envisioned such an attack!! Bullshit!!This is just another 911 except we paid the CEOs and Politicians to do it .

My heart is breaking for them all.I sometimes feel guilty that I am still working and so many are not.It has touched me as well. My son in law was just laid off from his gas rig job.My daughter is very worried about their future.I am sure my son in law has the same feelings of inadequacies that REAL men are feeling when suddenly their role as providers has been pulled from under their feet.

These are people who went to work and worked hard and saved for retirement or for a new car or a new home or for their childrens college.Basically the American dream.Now thanks to these criminals CEOs and Politicians alike their lives devastated!!I think that before we bailout any financial institution that was involved in Mortgage Backed Securities should have the books audited for any discrepencies and the CEOs be charged for any and all infractions.

I was raised with the understanding that a man takes full responsibility for what he does.As a supervisor I have  learned that I am responsible for what happens on my shift .Responsible for the mistakes and merely part of a team for the sucesses and I expect no reward when I don’t inspire or motivate my team to be successful.

The CEOs and politician should be held respobsible for this mess THEY have gotten us into.They should have the fear that what they have caused should bring them and their family to the point of not knowing how they are going to pay for the mortgage this month. I don’t want to hold their family responsible for what they have caused but I they need to understand wht they have done to the rest of us.

I thought today Paulson was going to explain where our money is going. But all i heard from him is that he has decided to change the game plan.That’s something he can do since we gave him total control of the treasury.I as a citizen think there should be a total account of which company or bank is getting my money.

We cannot let him and the rest of his cronies just decide to change the rules.he is after all one of the people that caused the financial mess we are in.

He joined Goldman Sachs in 1974, working in the firm’s Chicago office under James P. Gorter. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region, and became managing partner of the Chicago office in 1988. From 1990 to November 1994, he was co-head of Investment Banking, then, Chief Operating Officer from December 1994 to June 1998 eventually succeeding Jon Corzine (Governor of New Jersey) as its chief executive. His compensation package, according to reports, was US $37 million in 2005, and US $16.4 million projected for 2006. His net worth has been estimated at over US $700 million.

In 2004, at the request of the major Wall Street investment houses, including Goldman Sachs, then headed by Paulson, the U.S. Securities and Exchange Commission agreed unanimously to release the major investment houses from the net capital rule, the requirement that their brokerages hold reserve capital that limited their leverage and risk exposure. The complaint that was put forth by the investment banks was of increasingly onerous regulatory requirements — in this case, not U.S. regulator oversight, but European Union regulation of the foreign operations of US investment groups. In the immediate lead-up to the decision, EU regulators also acceded to US pressure, and agreed not to scrutinize foreign firms’ reserve holdings if the SEC agreed to do so instead. The 1999 Gramm-Leach-Bliley Act, however, put the parent holding company of each of the big American brokerages beyond SEC oversight. In order for the agreement to go ahead, the investment banks lobbied for a decision that would allow “voluntary” inspection of their parent and subsidiary holdings by the SEC.

This just goes to prove the fox is watching the hen house!!

I wonder if the amount of money we have spent on the Iraq war and the money we are going to waste trying to BAIL OUT the lying bastards that got us into the financial mess we are in would have been better spent trying to create more solar power for the homes that are going to go without heat this year.

Why don’t we try to put solar power in every house capable of using it.Instead we spend on things like this BAILOUT that will not cure the core problem ,greed.

The Speaker promised that next year there will be investigations into the debacleI am not sure what to call it .Ok the screwing we got from Wallstreet.The only people I see benefiting from this BAILOUT are the very people that caused it . I understand we are going to have hard times but we are going to have hard tmes whether we pass this joke or not. Our Reps. are a joke.

She is the leader of the pack. Investigations next year I bet not!!

REP Maloney is trying to do something about the Credit Card abuse.Check out the summary of legislation that she is sponsoring.http://maloney.house.gov/documents/financial/consumer/20080304CCBOROnePager.pdf

AIG is already getting 150 billion dollars aid.They have been caught having extravagant retreat again. They of course say it is necessary for the operation  of their business.I say bull shit.They are just rubbing our faces in the fact that they have screwed us out of 150 billion.This is the same attitude that got us into this whole situation.They should not get another penny of the BAILOUT!!

Now apparently we are going to bailout the US auto industry.What’s next Ben & Jerry’s?The auto giants have no one to blame but their self(and the Union).They have failed to see the future and grasp it. The future is alternative fuels.They have made billions and billions in profit over the last 100 years .Instead of seeing the future they have ignored it.The amount of money they have spent on the  CEO’s, Mangegement and workers salaries are ridiculous. The employees at this point are making over 100% more than the average US worker.Instead of the Federal Government just giving the company billions to bail them out of a situation that will not improve just by throwing money into a losing game.The first thing that has to be done is the employees need to take a pay reduction.

I watched friends of mine that worked for the car makers and the defense industries spend like there was no tomorrow.They bought brand new homes cars, pools,jet ski’s ,never thinking that they could laid off.Then they get laid off and have huge payments that they can’t afford.Maybe in the future people won’t think that they have rock solid jobs.In this new world it ain’t so!! Instead of saving for the future they have spent and spent.Now the high salaries they have fought so hard for are part of what is killing the industry.

Now for the Company.The company itself has wasted millions in lobbying the government to stop or slow down mileage requirements.They have not spent on R&D for alternative fuel sources  and as  a result they  are falling behind faster and faster.Having the future in your sights is paramount in this world.The company has failed to see thwe writing on the wall.Oil is going to run out!Like it or not.maybe not run out but will become so expensive that none of us will be able to afford to drive to our own jobs.Spending on future fuel sources has to be the main thought of the companies.Dril,Drill,Drill wont’t work forever.

Just as I thought it doesn’t matter what the people want.The government is going to bail out the very people that did this .We need to stand up and vote them ALL out of office.If you are an incumbent you should be very concerned about you career choice! Wait you will probably be able to get a job with one of the thieves that you protected!!

Why is the committee meeting behind closed doors!! I really feel a good screwing coming.

So now the government wants us to bail out the very people that put us in this situation?Are we that stupid?The very people responsible for this now want us to trust them!Hopefully I understand this .95% of the people that have mortgages are paying them on time…5% are not.And our Super economy can’t take a 5% loss?   Bullshit!!!

Let the fat cats fall.This is just what they want .They would love for us to bail them out.They would just laugh at us .Man they ARE really stupid!Why is there no fallout for the oversight committes? Chris Dodd,Charlie Rangel…These representatives were suppose to be watching theses entities.Maybe they were blinded by the dollar signs in front of their eyes.Before we bail out anyone we need to start investigating the very people that were suppose to be watching the thieves!How much money was given directly or indirectly to these ELECTED officials?