that would be the same “economy” McCrazy labeled as a Ponzi Scheme about two minutes later, right?

The shadow banking system is unravelling

Nouriel Roubini

The dollar is crashing.

McCain called it a PONZI SCHEME:

PELLEY: But why would you let the Wall Street executives…

MCCAIN: I’m not.

PELLEY: …sail away on their yachts and leave this on the American taxpayer?

MCCAIN: Well, it’s not the greedy Wall Street people that I worry about, although I am, like most Americans, frankly, enraged. It’s basically a Ponzi scheme, as you know, that sooner or later was going to collapse. And I’d like to get that money back from them.

http://www.cqpolitics.com/wmsp…..0002956941

Cause the problem – create the crisis – offer the only solution, complete with gun at taxpayer’s head…no problem!

Force McCain to name the names of the individual at the head of the PONZI SCHEME.

Who dunnit it, John?

Let’s not forget, Cindy’s little man also picked Palin.

bom dia pups

egads, he makes my head and savings account hurt

Really, it’s just astonishing that someone who was already knee-deep in banking scandals and who’s economic adviser and campaign manager have their dirty fingerprints all over this one couldn’t at least muster some variation of the “mistakes were made” cliche.

NOT astonishing that Pelley had ZERO follow up on same

and did everyone see that verrry familiar greeting to Pelly as McLiar came off the podium at RNC ? – beyond disgusting and creepy

I wonder when this interview and Obama’s were recorded. Seems to have been a few days ago from what they said and didn’t say.

Why is this quote not on the cover of EVERY newspaper in the world today?

“It’s basically a Ponzi scheme – that sooner or later was going to collapse.”

John McCain (co-conspirator)

Self-aware much? Not John McCain. Great post, BT.

A couple of paragraphs I just put up in comments on Glenzilla’s post for today:

A good point that Glenn and several commenters on the thread are making is that the outrage at the Paulson plan is entirely bipartisan and has the added advantage that people are both keenly aware and very upset.

That creates the perfect opportunity for us to put in our version of shock therapy. This baby cuts both ways. This week probably represents the best opportunity in the last 35 years to refute and shut down “movement conservatism” as it has morphed into the neocon gameplan. With proper effort and selling of the idea, we can reverse the upward transfer of wealth. Everything else is distraction.

Incrementalists would argue that this a goal for us to achieve in twenty years. I think our best chance is to do it Wednesday. They would, if the situation were reversed. They did, when the question was taking away Constitutional rights via the Patriot Act.

We’re all *ucked. Even if Obama manages to win this thing, does anyone believe he will be able to get through healthcare (not that his plan is universal by any means) or any democratic platform promise? The R’s have won again, whether or not we have democratic control of both houses and the White House, we will spend the next 4 years paying for 12 years of Republican neglect.

fer keeeeeeeeeerist sakes it was VERY HELPFUL TO HIM AND THE OTHER RICH mofos

Sorry, the eternal optimist in me won’t go that far but the pragmatist in me says it is going to be a tough road

looks like last wednesday

for the average family………..median income for family of 4 $45,000.00
LESSTHAN Mehghans 1 MONTH AMERICAN EXPRESS BILL

they are on a different planet pups

Speaking of bipartisan, did everyone see the interview with Barney Frank and Senator Shelby last night wherein Barney Frank asked for a last word to say “Amen” to Shelby’s last comment. I believe, IIRC, that it was in reference to a need to have an oversight committee before we entrust that much money to Paulson.

pardon me? What in the world is one buying for more than $45,000 a month? Is she in school or working?

memory lane …McSickly disscusses Lettuce

http://www.youtube.com/watch?v=rWOZKeOauNI

The ban on short selling is just temporary. Soon it will morph into a ban on ALL selling.

Your “money” is simply trapped in the market, forever.

Truth is, they wheeled it out the back door years ago.

Yes, I was just reading aobut that over at MSNBC. Seems both want oversight and are concerned with the golden parachute payouts going to execs while the tax payers get nada (well just the bill and no help)

she is just freaking spoiled beyond rhyme or reason…druggy mommy raised her

gotta go out for bit, but want to run this past y’all -

am starting to think Obama punked the WH and R’s on Paulson

his pause before commenting on the Paulson Money Bomb may not have been one of waiting to see the details (nice cover though) he may have been waiting for all of them to run to their ‘No to Big Government!’ corners, which they predictably did, providing him with cover to announce his 7 pt opposition – Big Dawg did this over and over again.

ok, come get me :D

nah they like the vig on all the trading…Paulson was just setting up some more NO BID options…”g”

his mommy raised a smart one imo

I didn’t see that comment, but I was so impressed with other things Shelby had to say over the weekend that I sent him an email today thanking him for standing up for the concept of oversight on the bailout funds and re-regulation of Wall Street. He’s showing some real courage standing up to his own party leaders on this one. I really never would have thought that he had it in him.

do you have NO idea of the cost of a decent Hermes handbag ?!?!? *g*

OT..an article from Pakistan that CNN etc. likely won’t mention…
Http://www.daily.pk/politics/p…..rines.html

When McCain points and says, It’s their fault, he should be standing in front of a mirror. This image, of course, works for lots of others as well: Bush, Paulson, Republicans, Democrats, any economic adviser for the last 20 years, Wall Street bankers, etc.

some are 27,000 dollars …i shit you not

Well, it’s not the greedy Wall Street people that I worry about,
(9/20)

At a rally here, Mr. McCain vowed to take aim at what he called the “unbridled corruption and greed that caused the crisis on Wall Street.’’ (9/16)

Thios guy doesn’t know what the fuck he thinks. he oughta just say so and go back to the 9/11 commission-type thing idea

Didn’t Shelby use to be a Democrat then switch

It’s well known that Republics are not capable of acknowleging or accepting responsibility.

LOL I guess not.

But they’re very good at projecting their own faults on their opponents!

BT, the headline misspells deregulation.

I spend our money on silly stuff like fair trade soaps and stuff.

Why do you call them “Republics” and thereby defile that word? Call them “Publicans”.

There really wasn’t any economy in the hanoi hilton. He spent 5 1/2 years without an economy.

Yes

he was a proud Boll Weavel -

and apparently with mortgage industry troubles of his own :D

his wiki page:

Shelby, in his role as chairman of the Senate Committee on Banking, Housing, & Urban Affairs, opposed proposed bills that would have helped reform the title insurance industry and help reduce the costs homeowners pay, particularly when they refinance their mortgage

jaysus! – “weevil”

teehee

Because that defiles and insults at least one and possibly two honorable professions:

From Webster’s New World Dictionary
Publican: 1. In ancient Rome, a Tax Collector. 2. (British) a saloonkeeper, innkeeper

That ‘Club For Growth’ thingy…they are referring to deficits, right?

Bush is demanding unprecedented control over billions of dollars — with no oversight. His history of mismanaging taxpayer dollars should make Americans skeptical of his buyout plan:

IRAQ RECONSTRUCTION

-$142 million wasted on reconstruction projects that were either terminated or canceled. [Special Inspector General for Iraq, 7/28/08]
-“Significant” amount of U.S. funds for Iraq funneled to Sunni and Shiite militias. [GAO Comptroller, 3/11/08]
-$180 million payed to construction company Bechtel for projects it never finished. [Federal audit, 7/25/07]
-$5.1 billion in expenses for Iraq reconstruction charged without documentation. [Special Inspector General for Iraq Reconstruction report, 3/19/07]
-$10 billion in spending on Iraq reconstruction was wasteful or poorly tracked. [GAO, 2/15/07]
-Halliburton overcharged the government $100 million for one day’s work in 2004. [Project on Government Oversight, 10/8/04]

DEFENSE CONTRACTS

-A $50 million Air Force contract awarded to a company with close ties to senior Air Force officers, in a process “fraught with improper influence, irregular procedures, glaring conflicts of interest.” [Project on Government Oversight, 4/18/08]
-$1.7 billion in excessive fees and waste paid by the Pentagon to the Interior Department to manage federal lands. [Defense Department and Interior Department Inspectors General audit, 12/25/06]
-$1 trillion unaccounted for by the Pentagon, including 56 airplanes, 32 tanks, and 36 Javelin missile command launch-units. [GAO, 5/18/03]

DID YOU CATCH THIS McCAIN STATEMENT?

PELLEY: What are you going to cut?

MCCAIN: I think we’ll frankly, you can eliminate so many agencies of government that are outmoded. Obviously I would scrub Defense spending.

http://www.cqpolitics.com/wmsp…..0002956941

Earth to John, come in John.

The problem with McCain is that he believes that his time as a POW gives him the right to be corrupt as a Senator.

i think I already heard the mumbling of cutting programs if he is elected. so that is all the more reason for me to do some serious phone banking this week and over to Vegas this weekend to do some canvassing

Don’t worry. He’ll only cut things that could save lives, like that shock weapon that doesn’t kill or do permanent harm but forces the enemies to back off.

“Canvassing” in Vegas? Is that what they’re calling it these days? ;)

I am beyond pissed.
NYT

Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.

Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Oh, yeah, hadn’t you heard? They want to include all sorts of bad debt; car financing, personal loans, everything!

I, for one, would like to have my credit card debt included in this bail out.

Hmmm. Wonder what would happen if we all demanded that!

They would tell us the same thing they should be telling the CEOs who still want their golden parachutes – pound sand.

These people are lower than slime. How dare they try to profit from the misfortunes of others and at the cost to taxpayers. I think at least half of them should go to jail.

Aww hell no. wth? Greedy asswipes

agreed. I hear gitmo has some open spots

And the other half should probably be working on a chain gang…

Word.

LOL. they used picked off fingernails for currency, so all this stuff nowadays is kinda hard to undersatnd.

I am opposed to sending these people to jail where they can live on our dime. Seize all of their illbegotten assets, seize anything that they earn that puts them above the poverty line and force them to live in the worst slums that can be found.

The other prisoners in Gitmo might be nice – let’s send them to Pelican Bay where nobody is nice – the worst of the worst.

eliminate department of state. what have they done worthwhile lately. who needs diplomats if you can jest bomb the piss outta everybody? eliminate justice dep’t. jest a buncha trial lawyers, isn’t it. eliminate veterans affairs. if you get outta the service and can’t get a rich bimbo, that’s your tough shit.

Lindsay has an new post at Silo entitled: Kissinger’s “Lessons” for Palin: Lobbying in Disguise?

You’re probably right. For them that would be the ultimate punishment – living like the rest of us. I’d settle for that but I will not be happy if they continue to profit from this and go on as if nothing happened.

“Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.”

http://www.msnbc.msn.com/id/26831560/

John McCain may not always be right, but he is never wrong. “No, I think the deregulation was helpful.” Thank you, John. I’ll tell that to all those “little folks” out there who have lost or will lose homes.

Wall Street is a disaster, but losing a home is a breakdown of the American system and the American dream. I don’t know how quickly a country can recover from the wholesale loss of the dream of a better future.

hey. that was the going rate. man’s gotta eat, ya know.

A RICO charge would do that. Prove the conspiracy and ongoing nature and assets can all get seized.

BTW, MSNBC has snappy KO ads on its sister network CNBC, saying something like: John McCain says he is a reformer. But is he really part of the problem? Tune into KO tonight. A little free advertising for Obama on the right side of the ledger.

Boy, it’s just about time for that, isn’t it?

Sadly, McCain will probably win. We’re not tough enough….

Hmmm, question/s :)
‘Where had the steel ‘boxes’ with US Marine Guards travelled from?’
‘What was in those same boxes being guarded by our Marines?’
Bombs?. Unlikely, unless we have now have sucide Marines?
‘Incriminating’ evidence, videos, documents, e-mails etc? Hmmm, maybe.
Something very important to somebody though… Wonder to whom and why?

With that sort of attitude, McCain-*-Plain [sic] do have a chance to steal the election.

You can’t steal a landslide.

Our job is create that landslide, and the events of the past week make it more possible to do it. The electorate is very unhappy with the idea of a bailout for Wall Street. If we can convince them of the truth — that John McCain was one of the leaders in making the bail-out necessary, Main Street won’t vote for him (Flavor-Aide drinkers aside, of course.) We need to tie the GoOP Senators standing for re-election to this horror show, too.

As Mary Harris “Mother” Jones said, “Pray for the dead, and fight like hell for the living.”

BC

McCain’s an old dog who is very comfortable with his old tricks

interesting that he didn’t say no. so the lie wasn’t so direct. he took that hit about as well as a punch-drunk fighter can. he’s not down yet.