Why did TARP Happen, a Televised View(s)?

Part 1

Part 2

Part 3

Part 4

Part 5

Part 6


If FOX can call it, how F'n scary is that. Look at the "facts" that are presented. World economical collapse due to "friends" in the industry. This is not rocket science folks. Good ideas draw funds bad ideas drain them. Too big to fail, my ass.
Jason
III

Bailout(s)

First, Fannie Mae and Freddie Mac:
"In an unprecedented rescue effort, the Treasury Department and the Federal Housing Finance Agency seized control of the two mortgage giants Sunday, replacing the firm's chief executives and pledging to provide up to $200 billion in order to stem losses and keep the companies afloat."
Details


Second, AGI:
"In a bid to save financial markets and economy from further turmoil, the U.S. government agreed Tuesday to provide an $85 billion emergency loan to rescue the huge insurer AIG."
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Third,?????
God I wish I liked taxes, and believed the Fed was even constitutional.

Image and another foretelling blog of this fiasco

From an editorial February 2008
"The recession will cause a sharp increase in defaults in all other forms of unsecured consumer debt such as credit cards, auto loans, student loans, etc. As the Fed Loan Officers Survey suggests, the credit crunch is spreading from mortgages to consumer credit, and from large banks to smaller banks, it is becoming clear that the losses are much higher than the $10-$15 billion rescue package that regulators are trying to put together. The Monolines are actually borderline insolvent if not out and out bankrupt and none of them deserves a AAA rating regardless of how much recapitalization is provided. Any business that requires an AAA rating just to stay in business is a business that does not warrant an AAA rating. However, any downgrade of the Monolines will lead to another $150 to $250 billion of write-downs since it will also lead to huge losses on their portfolio of Muni Bonds. Just their downgrade will spillover into large losses and potential runs on the Money Market Funds that have relied on those AAA ratings. The Money Market Funds that are backed by banks or that bought liquidity protection from banks against the risk of a fall in the NAV may avoid a run, but such a rescue will exacerbate the capital and liquidity problems of their underwriters. Any Monolines' downgrade would lead to another sharp drop in US equity markets already shaken by the risk of a severe recession and large losses in the financial system but worst of all, to a general loss in overall CONFIDENCE."
Details

Jason

III

Economic Struggle, What Can Be Done?

Economic Struggle, What Can Be Done?
I have been reading the posts and blogs of a man in Argentina, http://ferfal.blogspot.com/ , he is explaining to others the reality of what happens as a government and society collapses. With out any gain for himself, only the will to help prepare others. His posts have been informative and thought provoking for me. One such post lead me to a YouTube documentary http://www.youtube.com/watch?v=YadmuZ1Lv-s

This video now belongs in my top 5 most influential moments in my life. Please watch all 12 parts. Here is a brief idea as why. I am a grown man with a family and children, fairly successful in business, I am the "average" American. I like many others have problems with my government and its practices, yet speak out only to others I know personally, occasionally writing my representatives. The economic turn in Argentina is eerily similar to America's current financial policies. On December 20, 2001 the people of Argentina rose up and said ENOUGH. In a peaceful protest they affected change of their government. That in and above itself is just another time in history that change has occurred through protest. What makes it amazing, and to be honest brought more than on tear to my eye, was the honor, and commitment that citizens showed without leadership. Independent and free thinking Argentineans came together without a plan, without resources and created a day of infamy. I am embarrassed to have not studied this more in the past.

On our currency it is printed "In God We Trust". Since I do not subscribe to any organized religion I translate that in my mind to "In Mankind I Trust." Seeing the actions of Argentina that day reinforced that belief. Thirty-five patriots died that day, not for religion, money, or power, but for what many take for granted daily. A chance for life, liberty and the pursuit of happiness. About 20 minutes into this movie I quit thinking "what would I do, how would I react" and had a change in thought process to "what AM I doing, how AM I reacting?" Sadly the answer to both is not enough. This is my first step to avoid the documentary America: Now or Never

I do not have a lot of people to "network" this video or post to. After watching it please pass on this inspirational video to as many as possible.
Viva la Revolucion! Dios bendice Argentina!
Thank You,
Jason