Pelosi Open to More Federal Money for Banks

Democrats and Obama created this mess with the banks by suing them into giving 400,000 dollar home loans to minorities making only 20,000 dollars a year.
Print the story right and with the facts. These Facts need explaining and this is what you should be asking Obama and the rest of the SWINE Democrats like Kennedy.

JamesJr: please provide an example of a failed Republican banking policy. You forgot to give some. They exist indeed, but in a very rough nutshell Same I Am has a pretty accurate picture of the start of the problem.

Are you people so out of touch with the average american as are all the politicians we keep putting in office.
It is a failed financial system that keeps failing every few decades or so.
There is only one fix!!! Change it and the business as usual attitude of politicians! FLAT TAX SYSTEM!!
EVEREYONE pays less at 5 to 8 percent out of their check directly with NO give backs or refunds.
Do I need to say more?

What happened to the Bush indicment Pelosi was going to bring for “breaking the law” on the first TARP? What a fruit cake this woman is! She is truely a partisan left wing partisan hack.

I watched the Pelosi video. She didn’t answer the question! Kind of danced around with the same old rhetoric she seems to be so tie at the hip to.

Pelosi’s babbling is simply tragic.
Banks aren’t going to lend as long as there continues to be an immense and virtually unquantifiable liability out there for credit default swaps and other derivatives. These transactions should have never been legalized in the first place and should be nullified now. They are leveraged bets that should have never been made, and by the government paying them off, what we have is the greatest transfer of wealth from the general public to the rich (e.g., hedge funds) in the history of mankind. Capitol Hill talks plenty about “toxic assets,” but what about these toxic liabilities that are being paid off by the billions? Under current law, they can only be stopped by bankruptcy, which is what happened with Lehman. On the other hand, if they were nullified, the flow of cash out of the banks could be stopped without harming “good” creditors and bondholders. With that tap turned off, the banks could lend again, which would finally unfreeze the credit markets. Derivatives are a new kind of problem that need to be dealt with in a new and innovative way. Bankruptcy hurts everyone, as does continuing to pay these things off with taxpayer money. Let’s nullify them and leave the hedge funds holding the bag.

Ah typical political BS while American’s suffer. Whats new? These over paid, little worked politicians that can afford their mortgages, bills, groceries, car payments and health care are not the least concerned about anyone but themselves and the rich and big corps. Not that they are much different in their thinking than most people. This has become a very selfish, its all about me, country. Just look at the way people drive these days. Whatever happened to people acually caring about any one but themselves. So politicians are the same. I think Americans need to quit pointing fingers and waiting on help that probably will never come and start looking in the mirror and asking themselves, what can I do to help the economy, or help energy or even help my fellow more unfortunate American. I know! We are selfish and who cares about anyone but ourselves and family. Its a lot easier to just keep throwing blame and sit back and wait for the same people that got us in this mess to get us out. Oh yea! Maybe a lot of us are to blame too, with our over spending, poor finacial management, bad decisions. Na, lets just blame someone else and sit back and do nothing.Its so much easier to blame the republicans, dem’s , Palosi, Bush, Reid on and on. We will just keep voting them back in to office too. We like to pick up the National Enquier instead of a NewsWeek while waiting in a groercy line and then off to the polls we go and vote for a personailty, or a smile, or a great sales pitch. Thats the typical Amercan voter. So since we will just keep putting these people back in office and since we wont take any blame for the economic mess, I guess we deserve whatever comes our way.

Pelosi… where else could a complete waste of protoplasm like this even exist in politics but out on the LEFT coast?
She so supid, she couldn’t find water if she fell out of a boat… she couldn’t pour water out of a bucket if the instructions were written on the bottom… she… well, you get the point…
Thanks, California, for throwing this garbage away in Washington DC…

George Stephanolpoulos’ interview with Nancy Pelosi? Pathetic… She manipulated the interview and avoided answering questions, makeing Stephanopoulos look like an amateur.
When Stephanopoulos questioned Pelosi about taxpayers who don’t pay income taxes getting a check, she answered that they do pay payroll taxes.
The contention that they pay no income taxes is accurate. The payroll tax is a different tax. Where was the follow up George to correct her and get her to answer the quetion?
There were many, many more istances of her manipulating the interview.
What a waste of my time……

Here is what happened..Bush deregulated banks, which became a breeding ground for predatory lending. I SAW people makeing less than $50g/yr getting APPROVED for nearly $1m. in housing loans, NO MONEY DOWN, NO INCOME QUALIF., BAD TERMS. The banks KNEW these people couldnt pay it back..didnt care..they then flipped it to wall st and SOLD THE PAPER, GOT ALL THEIR MONEY BACK. They also retained the houses and were GIVEN BILLIONS OF TAXPAYER DOLLARS. Then, they kicked back their govt. supporters, while makeing it look like they are broke. WHERE IS THE MONEY??? If you believe the bs crap you see on the news, i feel sorry for you. John and Mary lunchbox lost their homes, credit, billions of tax dollars THEY PAID,(the billion-dollar corps didnt pay taxes, they made campaign contributions)and their retirement (someone had to buy those bad loans!)Way to go washington. Its a bigger con than Madoff.

Pelosi is a moron. She has found the perfect career for her talents.

Drudge must be so proud of his contituency. Maybe it’s just that he knows linking to Stephanopolis will get these brain-damaged mouth-breathers off his website.

TO KSEYETIE: what the fock!!! “is there any room left for intelligent debate?” You are a focking idiot, do you see or hear about anything intelligent anymore? is our government intelligent? NO so therefore, i deduce that you focking sock balls, also, FOCK YOU AND FOCK YOU TOO PELOSI. now for something intelligent: SHUT DOWN THE PRINTNG PRESS YOU FOCKIING MORON FEDERAL RESERVE AND MORON PELOSI AND MORON GOVERNMENT. YOU IDIOTS ARE SHRINKING MY SAVINGS BY WAY OF INFLATION YOU RETARDS!! STOP IT NOW. I ONLY MAKE 30k a year AND I HAVE A FAMILY TO FEED!!!!!!

Shut TARP down now!
Oh yeah, the first half of the money did WONDERS at picking up the stock market and opening lines of credit… The market is still tanking and you need to have a credit score of near perfect to get any loan oh and don’t forget that all utilities and payment companies have now adopted a zero tolerance policy on bill payments. My cable bill was 1 week late and I received a disconnect notice…. I’ve been a “value” customer for almost a decade and now I’m one week late and being treated as if I were a bum on welfare.

Will it ever stop?

i think ms. pelosi is delusional from all the man broth she has been downing since going to d.c. we better take the reins from this freak before she totally sabotages our country. how about a flat tax and eliminating the federal reserve. than we could try and repair our currency by setting it to some sort of standard, probably not gold as our dollar is not worth gold. maybe silver or aluminum?

Dear President Obama & Speaker Pelosi:
MORE money for the f’ing banks? Aw, c’mon now. The damn gummint has already thrown $350 billion, most of it to the financial industry, Citigroup being part of that, and what happens?
They (Citigroup, as reported on CNN Headline News Jan. 26, ’09)go out and buy a new corporate jet to the tune of $50 million, this for 12 people max; when quizzed about that they reply that they can’t talk about it because of
security concerns for their execs
and besides, they’ve reduced their fleet by two-thirds. Hey, I should be so lucky. I can get by on a lot less, now that I know how this “up yours” corporate game is played. All I need is about $75,000 for my Porsche Boxter-S and I’ll gladly get rid of the 2001 Honda Accord and the newer Honda Civic that my wife drives. See, I just did the same thing the Citigroup did and it didn’t cost the gummint nearly as much, plus I’ll gladly tell ‘em anything they want to know about the cars or whatever.
C’mon, President Obama. Please weigh in here and land one on the corporatocracy’s chin. Tell ‘em they can’t get away with this. Call in the TARP $’s they got, or at least $50 million of it plus interest.
WE THE PEOPLE got royally screwed during the last 8 years. You said, Mr. Obama, that “change we can believe in” wasn’t going to be business as usual.
I take issue with allowing the corporate devil dogs continued freedom to make their throw away statements from on high with impunity, in essence saying to the populous, “Eat cake, you stinking unwashed peasants.”

Banking more money? I have been paying 100.00 dollars over min. payment on my credit card, they recently upped my payment almost $100.00 more saying gov’t says so to pay off credit card earlier. I said,”the bank set that % above my payment” they say no! Yet they still said I had 5,000.00 I could still charge. Their payment demand is out of my budget range Who do I go to? FIA says its the gov’t my congress person said it is the bank. What do I do

Last week Starbucks announced cutbacks of 7,000 employees and the closing of hundreds of shops.
How many employee cutbacks and branch closing have Bank of American and Citi announced?
Of yes, B of A is “postponing” bonuses for 3 years.
Let’s hope neither is in business 3 years from now.
No more bail outs!

If your credit is no good, you have only yourself to blame. You are probably like others who treat credit (loans) like income. Have you borrowed to make your rent or mortgage payment? Do you borrow to buy groceries? Do you not have at least 3 months (better to have 6 months) of income in liquid savings to get you through a rough time? Not my fault you spend, spend, spend. It’s not the government’s fault either (although many of them like it because you become one of their puppets). It is your fault and yours alone. Yes, I know there are some who run into temporary fixes caused by outside influences and that is why I volunteer and support charities that help people in such situations, such as the Salvation Army, Catholic Charities, etc.. How many of you put your money where your mouth is and help out by personal sacrifice. Or are you like Joe Biden and his ilk who don’t give to charity. They just want to use everybody else’s money.
Quit your crying and act like a man. Care for your fellow man and rely on yourself.

Simon, you said ” Here is what happened..Bush deregulated banks, ”
NAME one deregulation of banks, during the Bush administration ? I’ll wait for your answer…….

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