This American Life on NPR… and the Scary Credit Situation

With Ira Glass…  Here is a pretty cool podcast about the scary credit situation.

http://podcast.thisamericanlife.org/podcast/365.mp3

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The New Wall St Bailout… I Mean Ressscue.

Now it’s sweetened with pork barrel spending.

Wooden arrows for children?  Race Track?  Rum in Puerto Rico?

And something about investments in American Samoa?

Oh and don’t forget… Buffet invested $5 Billion in what’s left of

Goldman Sachs.   (continued after I show out a scraper)

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*** See the outright scraping of my blog article without credit at

http://bailout.trippinpipe.com/the-new-wall-st-bailout-%E2%80%A6-i-mean-ressscue/

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I guess the phone calls and emails weren’t plentiful enough Monday?

Here are representatives on the fence.

http://news.yahoo.com/s/ap/financial_meltdown

Credit to Savage website for referencing these links.

http://www.nypost.com/seven/10022008/news/nationalnews/piggy_pols_in_hog_heaven_with_pork_packe_131770.htm

http://www.taxpayer.net/resources.php?category=&type=Project&proj_id=1429&action=Headlines%20By%20TCS

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Warren Buffet on Charlie Rose 10/01/08… Hmmm

Ok, Secretary of the Treasury Paulson… former CEO at Goldman Sachs…K

Warren Buffet just made a $5 Billion dollar investment in what’s left of Goldman Sachs… hmmm … K

Charlie and Warren yucked it up with Warren’s message seeming to be that Congress better hurry up and pass that bailout (which $700 Billion might be too small) or credit and market confidence was gonna dry right up.

Hmm,  The Dow was up about 500 Tuesday and only down like 19 Wednesday.

The markets seem relatively calm given all that we’ve been through.

I’m still leaning toward… those that made poor investments in various risky financial instruments, and things related to risky mortgage lending practices, should accept their losses with their wins.

And… some investment banks were allowed to accept their losses and collapse…  hmmm

Now then Senate has added inducements to pass the Bailout Bill (I mean rescue…) of Goldman Sachs?

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CEO’s Get a Deal and We Get the Debt?

Umm when are the Congressional hearings again?

CEO’s to get a deal and we get the debt and no oversight? and no limit?

Details to come….

http://news.yahoo.com/s/ap/financial_meltdown

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Senator Bunning Gets Props From Savage

Senator Bunning gets kudos all around including Michael Savage in calling out Secretary of the Treasury Paulson, Bush and Fed Chairman Bernanke on the Wall St bailout as Socialism and UnAmerican.

http://www.usnews.com/blogs/the-home-front/2008/09/23/sen-jim-bunning-the-bailout-is-un-american.html

and…

The recent and former CEO of Goldman Sachs…  Henry Paulson…   Conflct of interest? and he’s out February of 2009 ?   Really?  Free money while some execs will still get millions for failed work?  Really?  and with no oversight?  Really?  and all the money at once?   Really?

Looks like the People are saying let Goldman go the way of Lehman…  No soup for you!

Now Warren Buffet invests $5 Billion in Goldman Sachs?  Really?

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Bush as Oligarch and Fiscal Socialist?

Looks like Bush and Paulson are pretty much running things.

Where are the congressional hearings from THIS CONGRESS to see who’s making money off these bail out and collapse episodes..?

Credit to Michael Savage for calling these guys out when few have.

http://michaelsavage.wnd.com/

Credit to Nouriel Roubini who I saw on Charlie Rose a few nights back and also referenced by Savage a few days later.

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Savage Wants Eliot Spitzer Back to Investigate Wall St.

Woohoo,  Welcome back Michael!

He leads off on 9/18/08 reminding everyone that he was way ahead of McCain in calling for

Christopher Cox (head of the SEC) to be held accountable for the collapses on Wall St.

And…why was Eliot Spitzer suddenly caught in a prostitute scandal and put out of the way?

He notes many cases where Spitzer had been on the trail of wrong doing.

Savage calls for Spitzer to be put in as head of the Securities and Exchange Commission in the investigation of the collapses on Wall St.

And then… save US government money by deporting the incarcerated illegal aliens, as well as decline free health care at the nation’s hospitals.

Next he reminds us what an Oligarch is.

http://michaelsavage.wnd.com/

Good to hear Savage back at it.

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AIG Bailout

Now AIG is in trouble and will be bailed out.

Lehman Brothers allowed to fail into bankruptcy but Bear Stearns was bailed out… AIG , Freedie Mac and Fannie Mae were bailed out…

Ummm when do we hear about how there will be congressional hearings to see who made money on these situations?  Yep, there needs to be some hearings…

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