Wall Street bailout


This video from the USA is called Wanda Sykes on Jay Leno, Bailout and Palin.

By Peter Boyle in Australia:

Wall Street crisis: Poor to bail out the rich again

27 September 2008

“Rich people got it good in this country”, said African-American comedian Wanda Sykes on the September 24 Tonight Show with Jay Leno. “We refuse to let them not be rich. Think about it. Broke people are about to bailout rich people. This is what is going on.”

“And they want no oversight. US$700 billion and no oversight! No oversight? Why should we? I want receipts dammit! What do you mean no oversight? Because, oh, you’re so good with the other money?

“This is the biggest piece of garbage ever. You know what? It’s welfare for the rich …

“It’s going to cost every taxpayer US$7000. You got the guy there busting his gut working two jobs and barely making US$12,000 a year, and he’s got to cough up something so some Wall Street guy can keep his swimming pool. Man, that’s garbage!”

‘Historic swindle’

Sykes pre-empted US President George W. Bush’s television address to the nation later that night where he demanded that Congress pass the US$700 billion bailout or else face “a long and painful recession”.

Takeover plan for Bradford & Bingley [in Britain] as world waits for US bail-out decision: here. See also here.

British Conservatives and the financial crisis: here.

The Credit Crunch, by Graham Turner: here.

9 thoughts on “Wall Street bailout

  1. Wanda is right. This ain’t Monopoly money. Imagine, a $1-trillion dollar bailout without ever any admission of wrongdoing or malfeasance. Many of the fat cats who circulate from board to board and from job to job, also happen to be members of the Trilateral Commission and or Bilderberg Group. When someone takes your money and steals your car, it leaves an impression. When they’re committed globalists, it makes a lasting impression. Many of our elected officials belong to the cabals. When Bill Clinton eased banking restrictions, he dished out $8-billion dollars for community reinvestment loans. When the financing schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left banks in the lurch. Hillary Clinton counted on the loan giveaways to buy votes. Interestingly enough, had Hillary secured the nomination; she, instead of Barack Obama would preside over the bailout. So, where is that $8-bilion plus dollars? The Global Initiative people (code speak for car thieves) took my money; they stole my car; now they�re coming for you. Let the bubble burst. Gentlemen, I want my money back: http://theseedsof9-11.com

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  2. BAIL OUT THE PEOPLE, NOT WALL STREET BANKERS!

    Tell President Bush, Candidates Obama and McCain, Members of Congress,
    Treasury Secretary Paulson, Federal Reserve Chairman Bernanke, and members of the media:
    Bail Out Main Street NOT Wall Street!

    Sign the petition:
    http://www.stopforeclosuresandevictions.org/bailoutmainstnotwallst.shtml

    Please tell President Bush, Candidates Obama and McCain, Members of Congress, Treasury Secretary Paulson, Federal Reserve Chairman Bernanke, and members of the media you want them to Bail Out Main Street NOT Wall Street!

    To sign the petition below, go to:
    http://www.stopforeclosuresandevictions.org/bailoutmainstnotwallst.shtml

    To: President Bush, Candidates Obama and McCain, Members of Congress, Treasury Secretary Paulson, Federal Reserve Chairman Bernanke, and members of the media

    Bail Out Main Street NOT Wall Street!

    Tens of millions of working and poor people are facing the most dire economic crisis since the Depression of the 1930s. Yet our government is planning to hand over the U.S. treasury to Wall St. bankers. All that the politicians offer to people who are losing their homes, jobs, health care, education and pensions are bigger and bigger budget cuts to vital social services.

    Enough is Enough!

    I say NO to this injustice. NO Bailout of Wall Street bankers!

    Instead, I demand the following emergency measures:

    1. Moratorium on home foreclosures and evictions.
    2. Freeze all job layoffs and extend unemployment benefits.
    3. Freeze all utility cutoffs & roll back gas, food and utility prices
    4. Protect workers’ pensions and savings—hands off Social Security.
    5. Debt cancellation for working and poor people—no repossessions or wage garnishing.
    6. Moratorium on budget cuts in all social programs like health care, education, mass transit, youth programs, seniors programs, veterans programs and others.

    Sincerely,
    (Your signature will be appended here based on the contact information you enter online)

    Sign the petition:
    http://www.stopforeclosuresandevictions.org/bailoutmainstnotwallst.shtml

    Donate to help with organizing expenses:
    http://www.stopforeclosuresandevictions.org/donate.shtml

    Sign up for updates:
    http://www.stopforeclosuresandevictions.org/updatesform.shtml

    Volunteer:
    http://www.stopforeclosuresandevictions.org/stopforeclosuresvolunteer.shtml

    National Network to Stop Foreclosures and Evictions
    c/o Solidarity Center
    55 W 17th St #5C
    New York, NY 10011
    617-522-6626
    http://www.stopforeclosuresandevictions.org

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  3. Posted by: “John Mason” jomason57@verizon.net

    Tue Sep 30, 2008 4:06 am (PDT)

    Dear Friend,

    Wall Street has actually convinced a lot of us that what’s good for the Dow Jones Average is good for us real people. But for eight years while bankers raked in billions, ordinary Americans have seen their real wages drop, jobs sent overseas, health insurance rates skyrocket, and now thousands are losing their homes.

    We need our government to actively work for US in fixing this mess, so let’s tell Congress it’s time to start over and pass a New Deal for Main Street.

    Send your Representative a message right now:
    http://act.truemajorityaction.org/p/7002/advopetition?campaign_KEY=1549

    Like

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