{"id":150,"date":"2008-09-25T12:28:46","date_gmt":"2008-09-25T19:28:46","guid":{"rendered":"http:\/\/www.crookedbough.com\/?p=150"},"modified":"2008-11-05T13:16:46","modified_gmt":"2008-11-05T20:16:46","slug":"slow-the-bailout-down","status":"publish","type":"post","link":"https:\/\/www.crookedbough.com\/?p=150","title":{"rendered":"Slow The Bailout Down"},"content":{"rendered":"

Here we go again running headlong into disaster.\u00a0\u00a0 The Bush administration’s Modus Operandi\u00a0 <\/em>has become predictable and obvious when it comes to fabricating a disaster to rally the idiots in Congress and their clueless\u00a0Lemming Constituents.\u00a0\u00a0 How is it that just as we approach election day a crisis that has been brewing for years pops up on the screen as being the worst financial crisis in the USA since the Great Depression and requires immediate attention.\u00a0\u00a0\u00a0 A crisis in which we are being warned that\u00a0 “we must act now or there might be disastrous consequences for the economy”.\u00a0\u00a0 Sound familiar, “we must act now to stop weapons of mass destruction”.\u00a0\u00a0History may well prove the greatest Weapon of Mass Destruction ever unleashed on the world\u00a0was the\u00a0Bush Administration.\u00a0<\/p>\n

I’m skeptical, well outraged,\u00a0about the “bailout”.\u00a0\u00a0 The images of another “Great Depression” \u00a0that Bush and\u00a0Crew\u00a0have conjured up are\u00a0reminiscent of\u00a0the images of\u00a0“Nuclear Clouds”\u00a0conjured up to sell the\u00a0Iraq War, Tourture Chambers and Domestic Electronic Eaves Dropping, Etc..\u00a0\u00a0The idea of an entire economic collapse seems like\u00a0tremendous nonsense to me.\u00a0\u00a0We may see a\u00a0wounded\u00a0Investment Banking Sector but that is only one market in this vast capitalist\u00a0empire which has\u00a0proven resilient time and again, WITHOUT BAILOUTS.\u00a0\u00a0No one can say what will or won’t\u00a0happen even if we\u00a0a throw a trillion dollars at\u00a0the crisis, so why throw taxpayer money at a problem that Wall Street has not tried to solve on it’s own.\u00a0\u00a0\u00a0\u00a0<\/p>\n

Let the Investment Banks\u00a0bail themselves out or at least attempt to bail themselves out before the Federal Reserve and Treasury\u00a0throws\u00a0our dollars and\u00a0our futures away.\u00a0 Slow the fuck down and sort it out\u00a0People of the Congress.\u00a0\u00a0Congress should be looking for non-monetary solutions\u00a0that can be put in place to make the Investment Banking System figure out how to solve\u00a0it’s own\u00a0“bad debt” problem.\u00a0\u00a0\u00a0 I have heard no alternatives on the table other than infusing the taxpayers\u00a0money to secure bad debt.\u00a0 This is simply insane.\u00a0 How is it Socialism is the answer when it will preserve the fortunes of the wealthy but it’s a bad idea when it\u00a0seeks to feed, educate and give health care to the poor?\u00a0<\/p>\n

So what if the Investment Banking sector takes a hit.\u00a0 It will be the people in the Investment Banking Sector that will loose their homes and jobs first.\u00a0\u00a0They will be the casualties of their own foolish greed.\u00a0 Once the “free market” purges the\u00a0free-loading bankers, we can start over\u00a0with the benefit of a valuable learning experience.\u00a0\u00a0\u00a0Leave them\u00a0to sink or swim and the survival instinct will\u00a0triumph or not.\u00a0\u00a0\u00a0<\/p>\n

I find it troubling that no one has dealt with\u00a0a real means\u00a0for gauging the scale or severity of this crisis.\u00a0\u00a0I propose a simple plan to\u00a0provide\u00a0this measure which\u00a0could be implemented in short order.\u00a0\u00a0Once the basic infrastructure has been implemented\u00a0we will have\u00a0a\u00a0“barometer”\u00a0to assess the depth of the financial crisis.\u00a0\u00a0It will provide a stark contrast to\u00a0the urgency and cost of the rescue fabricated\u00a0by\u00a0Bush, Bernanke and Paulson acting like the\u00a0fucking sky is falling.\u00a0\u00a0 The plan is called, The Wall Street Window Barometer.\u00a0 Some\u00a0taxpayer funding and immediate dispatch of resources will be\u00a0necessary but it should only take a few days to\u00a0remove All\u00a0Windows from High-rise Buildings on Wall Street.\u00a0 The\u00a0measure of the crisis will be gauged by the number of\u00a0new\u00a0Investment Bankers bodies laying on the sidewalks each day.\u00a0\u00a0 Only then will we know with certainty their\u00a0personal investment portfolios reflect losses on a\u00a0scale that warrant a Bailout.\u00a0\u00a0\u00a0<\/p>\n

The base principals of The Wall Street Window Barometer\u00a0were discovered after the “Great Depression”.\u00a0 They have\u00a0been kept secret by Investment Bankers\u00a0for decades by\u00a0installing\u00a0“jump proof” windows throughout Wall Street.\u00a0 The new plan will also aid in improving\u00a0conditions for natural selection\u00a0by helping to purge\u00a0corrupt and stupid Investment Bankers that have become, smug and\u00a0dangerous to our future.<\/p>\n

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Here we go again running headlong into disaster.\u00a0\u00a0 The Bush administration’s Modus Operandi\u00a0 has become predictable and obvious when it comes to fabricating a disaster to rally the idiots in Congress and their clueless\u00a0Lemming Constituents.\u00a0\u00a0 How is it that just as we approach election day a crisis that has been brewing for years pops up more \u00bb<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[11],"tags":[195,194,191,193,182,198,197,189,199,196,190,174,192,200,201],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=\/wp\/v2\/posts\/150"}],"collection":[{"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=150"}],"version-history":[{"count":12,"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=\/wp\/v2\/posts\/150\/revisions"}],"predecessor-version":[{"id":195,"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=\/wp\/v2\/posts\/150\/revisions\/195"}],"wp:attachment":[{"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.crookedbough.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}