Truemors
BAILOUT NEGOTIATORS Democrats Senator Chris Dodd & Congressman Barney Frank and Republicans Congressman Roy Blunt & Senator Judd Greg got $20 Million in Campaign Money from those who will benefit from this Proposed Trillion Dollar Bailout
Almost a Trillion Dollar Bailout of Criminals from Wall Street, the current Political Theater in the US Capital again proves there are no Republicans or Democrats in Washington . Fact is these are Unionized Political Gangsters posing as Republicans & Democrats majority with Law & Business Degrees in the both Houses of US Congress.
It is sickening to see the unholy alliance between strange bedfellows the most unpopular US President in history Republican George Bush and Liberal extremists Senate Majority Leader Democrat Harry Reid & House Speaker Democrat Nancy Pelosi, defrauding the American Public in broad day light to save their criminal Campaign contributors from banking, finance, insurance, real estate & credit rating companies. They want to Bailout these criminals with tax payer’s money from the financial mess; which is the creation of those in government from both sides of the aisle and those running these companies.
It seems US government policies and the policies of Corporate America have become one and the same. The real minority Scoundrels Elite Club is running the country. The wealthy, influential and well connected quasi-criminals; some posing as our Political Leaders are making all the decisions. Pro Israeli Wall Street , Hollywood , Big Media & Corporations are controlling the US Congress and all the 50 states. Oil Companies are making $10 million per hour, hedge fund Managers making $10 million per day. In 2007 the 500 CEO’s took home $6.4 billion which works out to be $12.8 million per head. Indra Nooyi the CEO of Pepsi selling adulterated water/Soda costing $0.03 per bottle, which is the 2ND biggest health hazard after cigarettes, took home $20.8 million.
American CEO’s with $12 million to $350 million pay packages, perks and $1 million to $85 million year end bonuses still have the sanity to flush in the toilets companies like Bear Stern, Lehman Brother, and Washington Mutual in 3 to 8 months after distributing huge bonuses for scoundrels. In 2007 Wall Street gave out $38 billion in bonuses to its Executive despite the widespread sub prime mortgage crisis. The worst is Alan Fishman the CEO of Washington Mutual the biggest Bank with $308 billion in assets to fail in America on Sep 25, 2008 is walking home with $13 -$18 million for being on the job for less than 3 weeks. Fishman took over as CEO of WAMU on Sep. 7, 2008.
From Nov 2007 so far Fed Chairman has pumped in almost $ ½ trillion in US Banking and still one can not get Mortgage, small Business Loan, Car Loan and Student Loan etc from these Banks. The poorest of the students are being ripped of by Companies like My Rich Uncle 1 888 MyRichUncle started by 2 Indian American Democrats Vishal Garg & Raza. My Rich Uncle is charging 10.92% per annum along with $1,108.70 as Loan origination Fee for a Loan of $12,750.00 for 20 years despite the fact they may not be paying over 4% to Fed. The total payout by the poor student amount to $39,758.40 provided every installment is paid on or before time.
If $1/2 trillion has not worked and Banks are not doing what they were supposed to do what makes these junky Planners & Negotiators think that another $1 trillion to criminals will produce the desired effect in the financial markets and especially it will bring any relief to those who have already lost their homes or on the verge of losing them and the money they have lost in their 401 K, retirement plans and life savings connected to investments on Wall Street?
The most disturbing part is the 4 Negotiators representing the Americans in the most horrendous fraud Bailout Plan; Democrat Senator Chris Dodd Chairman Senate Banking Committee, Democrat Congressman Barney Frank Chairman House Financial Services Committee, Republican Congressman Roy Blunt House Minority Whip and Republican Senator Judd Greg Ranking Member of Senate Banking Committee; together they have taken almost $20 million since 1989 as Campaign contributions from banking, finance, insurance and real estate companies. These are the same companies who have benefited with ½ trillion already given to them and are going to be benefited with the proposed another Trillion Dollar Bailout Plan with Tax Payers money.
According to Center for Responsive Politics www.opensecrets.org; Democrats Chris Dodd got $13,205,556.00 and Barney Frank got $2,494,611.00. From the Party of Business Republicans Roy Blunt & Judd Gregg together got close to $3 million. All 4 have an Approval rating of 88% to 93% by US Chamber of Commerce for their lobbying efforts of voting pro business! All the money has come from American Bankers Association, National Association of Realtors, JPM Chase, Citi and Bear Stern. Republicans Roy Blunt this year alone got more than $330,000.00 for his re-election campaign; Judd Greg’s 21% campaign contribution is from the industry that is going to be benefited from over a trillion Bailout.
Then the 21/2 page Bailout preparers Treasury Secretary Henry Paulson & Fed Chairman Ben Bernanke what credibility they have? Since 2006 both have been publicly saying American Economy is fundamentally strong, it is growing and financial institutions are strong enough to handle all kinds of situation including unforeseen loses. Still Ben Bernanke threw away tax payers $ ½ trillion in rich boys’ toilets. Both of then do not understand even for a loan of $1,000.00 one has to fill out more than 20 papers and here they are asking almost a Trillion Dollars by writing on 21/2 papers which can not be defined or described rather a Ponzy scheme for the Rich to loot the American tax payers.
Worst of these two is HENRY PAULSON who should not be trusted at all. He is the same man who ousted womanizer CEO JON S CORZINE by giving him more than $300 million from Goldman Sachs in 1999 and got $40 million in Bonuses in 2006 before joining as Treasury Secretary. On a weekend sold Bear Stern to his buddies in JPM Chase for $2 a share and again sold Washington Mutual with $308 billion in assets to them for less than $2 billion. A high class legal criminal for 2 decades in financial Industry and made a statement this week he was not aware of NO SUPERVISION by FED of the Scoundrels running the US Financial Industry! Can you believe it?
With over $300 million in cash from Goldman Sachs womanizer legal criminal Jon S Corzine created a history by BUYING a SEAT in US SENATE in 2000 for $64 million and then UPGRADED it to a BED in the NEW JERSEY state House by spending another $85 million in 2005. It is Jon Corzine who has showed a way to others how to buy Power & Post in Public office. This has given new dimensions to Presidential Race this year which is pointing to a new phrase, “You can buy the US Presidency.” This years campaign is the costliest with over $1 billion already spent and longest in US history. As usual much of the money in both Parties Campaign is coming from lobbyists working for big businesses of America . Both Senators Obama & McCain are paying lip service to this draconian trend. Who so ever get elected in November must be forced by Americans to put a stop to this illegal, unethical & immoral practice to ensure middle-class & poor Americans continue to have representation in Washington DC .
AS AMERICANS WE MUST APPOSE ANY KIND OF BAILOUT FOR THE ELITE SCOUNDRELS & SHOULD NOT TRUST ELITE SCOUNDRELS POSING AS PLAN MAKERS AND PLAN NEGOTIATORS WORKING FOR ELITE CLUB OF SCOUNDRELS.
If at all any Tax Payers money is to be given to the Elite Scoundrels, the American Tax Payer must get the same deal either they should be allowed to buy the TOXIC WASTE for $0.07 to dollar which is $0.02 cents more than what $0.05 Merrill Lynch got in July for their Toxic Waste or they should be given 9% per Annum for their investments for 3 years with a option to convert into Equity; what these Elite Scoundrels from Citi, Merrill Lynch, Goldman Sachs have given to Saudi Arabia, China, Singapore investors for investing in their Fraud ventures. The CEO pay must be in tune to a fix percentage what a lowest paid worker makes in that particular company or Industry. All Elections in USA must be Tax Payer funded with provisions for Jail Time for those who accept money from private donors, Companies or Political Action Committees.
God Bless United States of America
Dave Makkar
Comments (0)