The New Mexico Independent - Latest Comments in U.S. Senate passes bailout bill; Domenici and Bingaman support it

Re: U.S. Senate passes bailout bill; Domenici and Bingaman support it

Jim O'Donnell — Wed, 01 Oct 2008 23:11:57 -0000

Jeez. I wonder who owns Bingaman. Wall St.? Clearly its not the people of NM.

Re: U.S. Senate passes bailout bill; Domenici and Bingaman support it

JoMa — Wed, 01 Oct 2008 22:35:02 -0000

You forgot number 8 . . .

8. The luxury yacht builders with Wall St. CEOs as customers will do great.

Re: U.S. Senate passes bailout bill; Domenici and Bingaman support it

torris187 — Wed, 01 Oct 2008 22:22:57 -0000

To simplify the bailout bill.
1. Wall street, Goverment, American households are all broke.
2. The government is going to tax American households (through printing of money and inflation) to get money for this bailout.
3. The government is then going to lend this money to Wall Street at a negative interest rate and lose money on it.
4. Wall Street is then going to lend it back to us through bank loans at a high interest rate.
5. American households will be discouraged to work due to high inflation and declare bankruptcy.
6. A high number of bankruptcies will cause Wall street to go into bankruptcy.
7. Wash rinse repeat till we have a serious depression or the value of the dollar is equal to 0.