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U.S. Eyes Two-Part Bailout for Banks
- Text size
DAMIAN PALETTA, JONATHAN WEISMAN and DEBORAH SOLOMON
The Wall Street Journal
January 30, 2009
The nation’s top economic officials are discussing a new way to stabilize the financial system by buying a portion of banks’ bad assets and offering guarantees against future losses on some of the remainder, in an effort to help banks while trying to mitigate the cost to taxpayers.
- A d v e r t i s e m e n t
This approach, which merges two competing ideas, was discussed this week at a meeting that included Treasury Secretary Timothy Geithner, Federal Reserve Chairman Ben Bernanke and Federal Deposit Insurance Corp. Chairman Sheila Bair, according to people briefed on the meeting. The emerging plan comes as the administration seeks to jolt the economy with an $819 billion stimulus plan and a series of additional moves designed to stem foreclosures, overhaul financial regulation and get credit flowing again.
Amid that flurry of activity, President Barack Obama stepped up his rhetorical attacks Thursday on the same banks his officials are planning to aid. Summoning reporters after a closed meeting with Mr. Geithner, Mr. Obama blasted earlier news that Wall Street had paid out $18.4 billion in bonuses, calling it “the height of irresponsibility” and “shameful.”
“There will be time for them to make profits, and there will be time for them to get bonuses,” he said. “Now is not that time.”
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January 30th, 2009 at 6:26 pm
“Cry ‘havoc’ and let slip the dogs of war.” ‘Havoc’ was the term used to signal the call to pillage and plunder. The banksters know the end is near. They’re doing everything in their power to sack this country of whatever treasures are left. From here, they’ll take the spoils and set up camp in some other country to begin again. According to reports, Bush purchased land in Paraguay. Why would an ex-president buy land in some far away country unless he was expecting some great cataclysm or holocaust? Maybe huge riots in this country or maybe even The Earth tilting on its axis aroung 2012. Whatever reason, the rats are leaving the sinking ship and taking everything with them.
reeeeoeo Reply:
January 30th, 2009 at 7:08 pm
Sorry but we don’t buy into that 2012 mumbo jumbo around here. I have my anti-Terrance Mckenna voodoo doll right here that wards away his ideas.
It's obvious... Reply:
January 31st, 2009 at 2:50 am
…you have your sheet together.
Just let us all know when it’s over.
Thanks journalism major.
Math is for pussies!
Huh? Reply:
February 1st, 2009 at 2:40 pm
Hey reeeeeoeo,
I wrote that it’s obvious post about three days ago in a totally unrelated article to this one. Somehow it has shown up again. So disregard as it was not meant to be in a reply to your post.
Dear losers screwing with posts,
You are worthless.
razor Reply:
February 1st, 2009 at 12:32 pm
the bankers can take all the money they want….no different than refuse in a garbage dump. We keep all the minerals, oil, agricultural land and the intellect. The first mission, we issue Continental money, get ride of the AIR FORCE jets PURPOSELY poisoning the atmosphere with chemicals, then we plant crops on our re appropriated land criminally stolen by the market manipulation of the commodities market owned by the banking families. All debt is forgiven and we start all over again WITHOUT THE FAMILIES OF THE BANKING SYSTEM and their fiat money that is not backed by the efforts of our country.
January 30th, 2009 at 6:29 pm
jewproblem-goyimreaction-jewsolution
reeeeoeo Reply:
January 30th, 2009 at 7:06 pm
lol.
Andy in Chicago Reply:
January 30th, 2009 at 7:27 pm
You sound like you’re anti-semetic, not anti-zionist with your ignorant comment. It’s not a “jew problem”, with a “jew solution”.
False Galdemore Reply:
February 1st, 2009 at 12:51 am
No thanks. I’ll stick to vilifying the Jews, if you don’t mind. Makes the whole entire thing a lot easier to sort out.
January 30th, 2009 at 7:12 pm
Oh yea?
and whos going to pay
the Russians
the Chinese
the Japanese
the french”we,we”
the Brittish
the Italians
the n.s.Koreans
the Indians
the …………………….
Oh yea, The American Tax Payer
January 30th, 2009 at 8:31 pm
Now , mind you , they call this work !!!
January 30th, 2009 at 8:35 pm
Khazars are not semetic Andy. ADL created in 1913, same as fed reserve.
January 30th, 2009 at 8:58 pm
Hey! What is Bad Slave doing in my address box! I ought to give out his E-Mail, but that would be a dirty trick.
I think something is screwed up here.
January 30th, 2009 at 9:34 pm
Shakespeare,yup the International Banker’s time is up,and they are taking everything they can with them to Dubai. Start getting used to the woods,it’s gonna be damned rough.
reeeo…you don’t speak for anybody concerning 2012….almost all faiths of every stripe have spoken of this date,and take a good look around you,things are looking in the way of destruction no matter where.
False Galdemore Reply:
February 1st, 2009 at 1:01 am
We cannot know for sure whether in 2012 we will see the arrival of an outer-space alien or some kind of feral dog-lizard hybrid. All we can know is that it should strike terror into the hearts of every man, woman, and child in Mexico. This is the only sensible response.
January 30th, 2009 at 10:12 pm
I did not realize this Geithner guy who did not pay his taxes was going to be taking Paulsons spot.
It is like hiring a vegetarian to run a meat processing plant.
If the guy does not believe in his own policies why is he in office??
Now I read about Daschle another chosen official by Obama did not pay his taxes too…
He owed over 128k.
Are we the citizens the only ones stupid enough to pay taxes??
Do they know something that we don’t?
I have seen friends lose their house over 25k in taxes owed.
How do the millionaire politicians get away with what we don’t?
If I don’t pay my taxes do I qualify to be a politician?
Seems to be what Obama looks for in his CV hiring.
soobsalatly Reply:
February 1st, 2009 at 5:42 pm
agreed, if everyone would stop paying taxes on their labor (the only thing any of us really own) the biggest problems would evaporate.
January 31st, 2009 at 1:36 am
I think that we should all settle down; and just have some more weed. Through weed; we will be able to rebuild the economy. Without gold, weed will certainly become a standard of currency.
Maybe?
Meh.
Julian Reply:
January 31st, 2009 at 2:33 pm
The US dollar is already backed by CIA drugs. That hasn’t helped the economy in anyway.
John Galt Reply:
February 1st, 2009 at 3:17 pm
TWO part bailout for the banks.
2/1/2009, John Galt
The dollar, is backed by the full faith and credit of the United States, and confidence of the American people, and the rest of the world.
Me think’s that may be a bit weak right now.
Congress voted us into slavery in 1913 with the FED Reserve Act and the Income tax lie and then with the Social Security Act.
The social security is voluntary. You applied to them. Of course it was under false pretenses you thought there was a law for you to take the ss number to work. Wrong.
But you got it.
Therefore you are a cosigner to the debt.
The debt incurred by Congress in your name (holders of the card/number).
The debit accumulated by the constant growing of interest owed the Fed Res. on the money we lend to ourselves, the reason for the IRS and the income tax.
When the system fails the lenders will demand payment.
We the debtors will have little if anything else to satisfy the debt but real property.
The Nation is in foreclosure and receivership.
There will be class nobility
We will have no gold in the GVT vaults.
We will have futures on America’s Future GDP. So you will be put to work as indentured servants in companys bought with your bailout moneys, till you and your children pay off the debt to the bankers.
Plus all the property of the cosigners of the note.
Nothing personal here, just business, all CONTRACT law. (SS).
So when the lenders. The bankers that have taken the money you/(CONGRESS) has given them to bail the Banks, they buy the few solvent mortgage lenders up. And they now own the mortgage on your homes and property.
From sea to shining sea.
They continue the systematic controlled demolitions implosion till we are bled dry.
The camps are there so they have a place to move you/us when they come to take possession of the property.
The GVT builds FEMA camps, HR645
If the masses knew this was the plan they would revolt.
Sssssh.
The media sits silent because when YOU own the mediums of free presses, television, radio and speech you say what YOU want to say and damn the truth, especially if the truth is against the desires of the media.
So the GVT builds FEMA camps, HR645.
You cant tell me Congress isn’t fully aware of the implications of this as they had a rare closed session, where the plan was disclosed.
That Congress must waive Congressional Authority, to the treasury or face martial law.
(Who runs the country? All together now. The Treasury.) The guy that doesn’t pay taxes.
Congress is told that the FEMA Camps are operational, and that there will be gun confiscation soon.
That Congress will be protected and exempt if they comply and agree to pose as figureheads and continue the charade.
Now they cant take everything from you without a fight and they know it, unless you ask them to.
So THEY have to take the guns.
They know coming to take the guns will pose a problem.
So they cant take the guns unless YOU ask them to. HR 45, the attempted HR 1022. But you are surrendering your right not mine.
When many will be so afraid of the GVT created boogeyman that many will give up that precious RIGHT.
The remainder will be declared outlaws, terrorist, felons. U pick a name.
The ignorant masses actually think and believe we live in a Democracy where 51% Majority) of the populace can vote away the rights of 49% (minority).
FYI. This is a limited Constitutional Republic.
The rest of the world (especially China, and Japan) buy our debt thinking they will outlast Americas cycle of coming collapse, and reap the benefit of literally owning a piece of America when this engineered economic blood bath is over the real bloodbath begins and the corporate United States of America is totally bankrupted. The rest of the world of the global economy is in controlled collapse also.
Where do the bankers go if they don’t pull this off. Do they think there is place on earth they cant or wont be found.
Where do we go if they do pull it off???
Pissed OFF!! Reply:
January 31st, 2009 at 6:05 pm
That would be great!! Just chill and smoke!
Jason Sieckmann Reply:
January 31st, 2009 at 8:16 pm
Funny, I always thought that the US dollar was backed by our consumer confidence index.
Jason Sieckmann Reply:
February 2nd, 2009 at 1:07 am
It is NOT backed by everything I own; not everything I own can be liquidated or used as collateral. In fact, the consumer confidence index IS what backs the dollar; because it determines buying power for the near future’s outlook; thus creating an expectation on capital.
January 31st, 2009 at 2:31 pm
obama collectivsm metaphor warnng**GRAPHIC** http://www.youtube.com/watch?v=GWy_LFcy_qI
January 31st, 2009 at 3:09 pm
Same excuse different liar!
“Sen. Daschle is embarrassed and disappointed by these errors,” spokeswoman Jenny Backus said.
January 31st, 2009 at 6:45 pm
When ‘THEY’ say that they’re going to bail out the banks, what ‘THEY’ really mean is that they’re going to bail out the wealthy bank stockholders before the dollar crashes completely. Since the beginning of the Federal Reaserve, the dollar has lost 99% of it;s value. That’s just 96 years ago. You do the math. How much longer will the dollar last if it’s lost 99% in just 96 years. Better buy silver and stock up on s---loads of food. I give the dollar just 2 years and them KAPUT!!!!!
January 31st, 2009 at 10:35 pm
Here be da’ two pahts: We tell you we takin’ da’ money from ya’ and den we take it! Das it! Now go buy some a dem co-lectible Obama plates. Dey limited e-dition, only foty million gonna’ be made by my little slaves in China.
February 1st, 2009 at 12:54 am
Didn’t they already try this in October??? If I recall correctly, it did not work then, so why would it now?
February 1st, 2009 at 6:45 am
Hey Timmy!! Why dont we just print up 900 trillion and bail out the whole world? f---ing homo!!
Ive smoked my share of wacky weed here in Attica.. They really dont bother us much about that.
February 1st, 2009 at 6:49 am
Listen to these idiot criminals Alex has on the phone and in studio peddle their crappy gold. It couldnt be any more obvious these guys are crooks. I think if these clowns say the word FIAT again I am gonna puke!! Fiat Fiat Fiat Fiat. CROOKS CROOKS CROOKS CROOKS!!! Bob Chapman = CROOK!!!
February 1st, 2009 at 2:19 pm
I am a fan of the bankers. It’s awesome how they build the systems and play them where only they come out on top. Brilliant! I want to be a money changer too and scam the idiot sheep in America. Take their homes away, their public money, etc. – guess whose on top while they scatter away all homeless and hopeless? The money changers are my heros.
Devils Advocate Reply:
February 1st, 2009 at 2:34 pm
First things first. Are you Jewish?
February 1st, 2009 at 3:21 pm
The dollar, is backed by the full faith and credit of the United States, and confidence of the American people, and the rest of the world.
Me think’s that may be a bit weak right now.
Congress voted us into slavery in 1913 with the FED Reserve Act and the Income tax lie and then with the Social Security Act.
The social security is voluntary. You applied to them. Of course it was under false pretenses you thought there was a law for you to take the ss number to work. Wrong.
But you got it.
Therefore you are a cosigner to the debt.
The debt incurred by Congress in your name (holders of the card/number).
The debit accumulated by the constant growing of interest owed the Fed Res. on the money we lend to ourselves, the reason for the IRS and the income tax.
When the system fails the lenders will demand payment.
We the debtors will have little if anything else to satisfy the debt but real property.
The Nation is in foreclosure and receivership.
There will be class nobility
We will have no gold in the GVT vaults.
We will have futures on America’s Future GDP. So you will be put to work as indentured servants in companys bought with your bailout moneys, till you and your children pay off the debt to the bankers.
Plus all the property of the cosigners of the note.
Nothing personal here, just business, all CONTRACT law. (SS).
So when the lenders. The bankers that have taken the money you/(CONGRESS) has given them to bail the Banks, they buy the few solvent mortgage lenders up. And they now own the mortgage on your homes and property.
From sea to shining sea.
They continue the systematic controlled demolitions implosion till we are bled dry.
The camps are there so they have a place to move you/us when they come to take possession of the property.
The GVT builds FEMA camps, HR645
If the masses knew this was the plan they would revolt.
Sssssh.
The media sits silent because when YOU own the mediums of free presses, television, radio and speech you say what YOU want to say and damn the truth, especially if the truth is against the desires of the media.
So the GVT builds FEMA camps, HR645.
You cant tell me Congress isn’t fully aware of the implications of this as they had a rare closed session, where the plan was disclosed.
That Congress must waive Congressional Authority, to the treasury or face martial law.
(Who runs the country? All together now. The Treasury.) The guy that doesn’t pay taxes.
Congress is told that the FEMA Camps are operational, and that there will be gun confiscation soon.
That Congress will be protected and exempt if they comply and agree to pose as figureheads and continue the charade.
Now they cant take everything from you without a fight and they know it, unless you ask them to.
So THEY have to take the guns.
They know coming to take the guns will pose a problem.
So they cant take the guns unless YOU ask them to. HR 45, the attempted HR 1022. But you are surrendering your right not mine.
When many will be so afraid of the GVT created boogeyman that many will give up that precious RIGHT.
The remainder will be declared outlaws, terrorist, felons. U pick a name.
The ignorant masses actually think and believe we live in a Democracy where 51% Majority) of the populace can vote away the rights of 49% (minority).
FYI. This is a limited Constitutional Republic.
The rest of the world (especially China, and Japan) buy our debt thinking they will outlast Americas cycle of coming collapse, and reap the benefit of literally owning a piece of America when this engineered economic blood bath is over the real bloodbath begins and the corporate United States of America is totally bankrupted. The rest of the world of the global economy is in controlled collapse also.
Where do the bankers go if they don’t pull this off. Do they think there is place on earth they cant or wont be found.
Where do we go if they do pull it off???
February 1st, 2009 at 4:52 pm
whatever happens is gonna happen. this blogging s--- needs to add up to something. we need to come together, figure out a plan that will stop the bankers, and execute. there is a counter-attack for every attack. the more dilligent of the fighters will always win though. so be dilligent. learn something useful and be a hero. not for everyone (the nay sayers, racists, and the foolhearty.) but for whats right. for what you know beyond seeming cool, or getting payed is right.
February 1st, 2009 at 4:53 pm
still doin the music thing galt?
John Galt Reply:
February 1st, 2009 at 11:13 pm
I like music.
Do you?
Can the world hear the music?
Do they our music or theirs?
February 1st, 2009 at 8:40 pm
1 for you
19 for me taxman!!! they probably wanted to kill all the beatles after that song. but then the only threat to mind numbing everyone way john. now everything is dis information to the sheep so musicians can say whatever thay want, almost. we will see a never before seen attack on our 1st amendment soon, in the next four years for sure. the truth hurts to much for them to not stifle it. people will belive the truth if it is said perfectly, alex is not very eloquent, but his efforts make up for any lack of talent. sorry alex..but you yourself always say that you are an average guy, so i guess you reallize you are a much better patriot then a speeker, which makes us see. if you talked as slick as obama alex, less people would contend with the truth you release or not… maybe your lack of perfect sounding speeches lets people see you are not a god…just a man doing his duty to this nation and democracy world wide. real democracy does not need to bring soldiers, only examples to follow.
February 1st, 2009 at 11:39 pm
Hell they don’t even advertise. Their about to take their website down. Well here’s mine! http://www.vtekis.com.
Signed,
The RiceBlacklist,
February 2nd, 2009 at 1:24 am
And congress sits silent pretending that all this never happened and prepares for the next installation of taxpayer bail outs to add to the trillions given to the Banksters? Bush, Cheney, Rice, Rummy and the likes smirk as they go about pretending that it never happened? WTF Over? Today I saw the Humdinger! The Hawaii County Prosecutors office is Presenting a Bob Marley Show. They Hate Rasta and Bust Rasta for years, Destroy the Lives of women and children, and now their behind Bob Marley? I hope a lightning bolt comes from heaven and kills all them and their children and grandchildren for the next 10 generations.
f--- all you hypocrites and people who fight the truth and than try to hide behind it. Zionism is racism.
Rasta dont work for no CIA! Aloha MCB
February 2nd, 2009 at 3:31 am
I’m afraid the gassing of the Wall Street Jews remains as the last viable solution. How can 1.3% of the US population be allowed to terrorize the majority! Finish the Jews and finish Wall Street.
February 2nd, 2009 at 6:35 am
Here is the “Two Part Bank Bailout” put into simple terms.
Part 1. Gather up ALL your money, wealth & possessions both current & future.
Part 2. Give it ALL to the bank and become good little slaves, FOREVER!
A very simple plan, endorsed by the banks AND your government [now a banking collection agency].
The NWO has several more steps for world domination that haven’t been discussed. Like setting up the Jews as scapegoats for the “Awakened Sheep” to vent their wrath on. It’s the oldest trick in the book. And SO many of YOU are falling for it. It’s so much more advisable to go after specific people than an entire group. I mean, should we target all idiots because of the likes of YOU [directed at the idiot Jew-haters]?
February 2nd, 2009 at 9:05 am
Hey guys start the morning of getting pissed off read this article from this link. I tell you what if you have bank in BOA or Citi, close your account these banks should not be aloud. Im closing my citicards today, Fckem
http://www.cnbc.com/id/28963919
February 2nd, 2009 at 11:00 am
…So let’s get this right ,the banks’ ‘errors’ hve decimated our pension provision, cut our real estate values ,killed our savings and now are loosing our jobs …and the plan is to increase taxes to pay for their directors bonuses .If only we lived in a democracy.