Please help me

[hester_prynne]

Could someone explain to me what the hell is going on?
Indeed the bubbles are breaking everywhere, but why the hell is the government buying up everything? Is this a takeover in disguise as rescue?
I have nothing in the markets or much anywhere else to really worry about and I know how to be poor and i'm not embarrassed to sleep in a tent or car, so I am out of the loop on this market crisis, but I see big huge monies going down, the government buying out entities like freddie and fannie mac in a conservatorship??????? and controlling big companies like AIG and banks, and Bush's cousin works for Lehman brothers, and now tonight they are having a meeting about how to take control of more of the bad deals and put them on the taxpayer's shoulders, and with Bush still in the white house I DO NOT LIKE THIS ONE BIT, and there must be an explanation of it in simple layman's terms, and if anyone could relay that to me here I would be grateful and I would be calmer about all this.....
Thanks
H

[mtmynd]

Hello, Hes'...

I found this little blip thru google (bush cousin lehman brothers). I didn't know about either teh cousin or Jeb, both employed by Lehman. Apparently it was a piss poor bet on Lehman's part. As a article said, "Lehman Brothers, a 158-year-old banking institution, survives the Industrial Revolution and two world wars... but not Bush."

http://www.legitgov.org/jeb_bush_lehman_150908.html

Whatever is going on is much bigger than the both of us... and many, many more.

[hester_prynne]

Wow Cec, excellent link to a very interesting site.
And yes it is something big that is going on. And i'm kinda freaked out.....Thank you for your response.....
H

http://www.legitgov.org/

[jimboloco]

you should be safe up in th northwest
afterall
that's where the refugees will go after th apocalypse
alaksa or buts
damn florita repukeblickinz
jeb shush

[Doreen Peri]

I don't get it either. But I'm getting paranoid that the govt is taking over everything financial... all the private industry financial organizations... which will mean what? that they own us? I don't know. I sure wish they taught us economics in school. They didn't even teach us how to balance a checkbook. Nothing.

Somebody sent me this by email today.

http://docs.google.com/TeamPresent?doci ... pauth=true

That oughta explain some of it anyway. I'm still trying to understand a simple cartoon. Sighhhh

[Arcadia]

I don´t know... they look that you´re fucked but daddy want to help you!!

[Arcadia]

well, it seems our president is good for certain explanations. See if you are interested

http://www.lacapital.com.ar/contenidos/ ... _0026.html

[hester_prynne]

Hey, I need a translator...would love to read Arcadia's link but no speak espanol....
H

[Arcadia]

hester, it´s not a good hour for a translation... In few words she was saying something like: USA, the old adagio "do what I say but not what I do" fits well with you... (about state interventionism) so just shut up next time and let live. I´ll try a more literal translation later!!

[Doreen Peri]

From the Communist Manifesto

"Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly."

Geez

[Doreen Peri]

And/or... is it more like fascism?

http://www.lewrockwell.com/rozeff/rozeff211.html

The degree of fascism can always be heightened, and financial crisis is the ideal time to ratchet up the financial fascism. Financial events this year show that the star of financial fascism is ascending, under the guidance of the Federal Reserve Chairman Bernanke and Treasury Secretary Paulson. For starters, they want greater centralization of power under the Fed and merging of various separated regulatory agencies. They want a financial regulatory czar with increased powers. They want much greater control over investment banks. They want Fannie Mae and Freddie Mac to have direct access to Treasury (taxpayer) funds, thereby making the implicit guarantee into a virtually explicit guarantee. They want these agencies to have direct access to the Fed’s discount window at low rates of interests. They have recommended government ownership of some stock of these lenders. All in all, they want far greater control over investment banks, stock exchanges, brokers, and mortgage lenders.

[Dave The Dov]

This means that we need to vote in order to make that party dissolve forever!!!! They've gone way too overboard!!!! It's time to stand up to this idiocy!!!!
_________________
Lupus Forum

[Doreen Peri]

I'm trying to learn, too, theda...

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