Name: Anonymous 2008-03-27 19:17
http://market-ticker.denninger.net/2008/03/articles-of-impeachment-bear-stearns.html?new=yes
Alright Motherfuckers, it's time for a revolution.
This is EXACTLY why our forefathers got mad enough to declare independence: Remember "No taxation without representation" ?
The Fed is not "saving us from financial disaster" -- they have created the existing financial disaster, and are making the coming fall much, much worse. We ARE going to crash. Our entire economic growth for the past four years has been based on a lie - housing value growth - brought about by Fed policy and enabled by creative accounting by the banks. The Fed and the banks have made BILLIONS by STEALING from US homeowners. Now they want us to bail them out? Hell no!!
It's like pregnancy. The Fed screwed up, and got us pregnant. Abortion would have been painful, but those days are long gone. We're now overdue for delivery. Prolonging the due date is only going to make the final delivery that much more painful.
Cry and deny if you want, but the baby is coming. The time to hide the pregnancy has long since passed. Now the father wants to take no responsibility and foot us with the bill? Hell no!
It's not just about being responsible and accountable, it's about following the law. It's long overdue that the rich and powerful live and die by the same rules that we do. You screw up, you pay the price. Sometimes, bad decisions mean you lose money. I, as a taxpayer, am not willing to bail you out now. We're going to crash. I'm not going down alone. No safety net for you this time.
Alright Motherfuckers, it's time for a revolution.
This is EXACTLY why our forefathers got mad enough to declare independence: Remember "No taxation without representation" ?
The Fed is not "saving us from financial disaster" -- they have created the existing financial disaster, and are making the coming fall much, much worse. We ARE going to crash. Our entire economic growth for the past four years has been based on a lie - housing value growth - brought about by Fed policy and enabled by creative accounting by the banks. The Fed and the banks have made BILLIONS by STEALING from US homeowners. Now they want us to bail them out? Hell no!!
It's like pregnancy. The Fed screwed up, and got us pregnant. Abortion would have been painful, but those days are long gone. We're now overdue for delivery. Prolonging the due date is only going to make the final delivery that much more painful.
Cry and deny if you want, but the baby is coming. The time to hide the pregnancy has long since passed. Now the father wants to take no responsibility and foot us with the bill? Hell no!
It's not just about being responsible and accountable, it's about following the law. It's long overdue that the rich and powerful live and die by the same rules that we do. You screw up, you pay the price. Sometimes, bad decisions mean you lose money. I, as a taxpayer, am not willing to bail you out now. We're going to crash. I'm not going down alone. No safety net for you this time.