Comments on: The Other Provisions in the Senate Bailout Bill http://blog.sunlightfoundation.com/2008/10/01/the-other-provisions-in-the-senate-bailout-bill/ Sunlight is said to be the best of disinfectants... Sun, 21 Mar 2010 04:52:49 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Sandra R http://blog.sunlightfoundation.com/2008/10/01/the-other-provisions-in-the-senate-bailout-bill/comment-page-1/#comment-107731 Sandra R Wed, 09 Sep 2009 16:41:41 +0000 http://blog.sunlightfoundation.com/?p=5372#comment-107731 Hi! I was surfing and found your blog post... nice! I love your blog. :) Cheers! Sandra. R. Hi! I was surfing and found your blog post… nice! I love your blog. :) Cheers! Sandra. R.

]]> By: kEVIN http://blog.sunlightfoundation.com/2008/10/01/the-other-provisions-in-the-senate-bailout-bill/comment-page-1/#comment-28780 kEVIN Thu, 02 Oct 2008 18:49:22 +0000 http://blog.sunlightfoundation.com/?p=5372#comment-28780 when the banks get money they used barrow it at 12 dollars to every 1 they had in equity.As of 2004 it in now 40 to 1.Lets built that debit up and barrow more money and loan it to people who should not be getting any money and who in normal times could not get a loan anyway when the banks get money they used barrow it at 12 dollars to every 1 they had in equity.As of 2004 it in now 40 to 1.Lets built that debit up and barrow more money and loan it to people who should not be getting any money and who in normal times could not get a loan anyway

]]> By: Bryant Arms http://blog.sunlightfoundation.com/2008/10/01/the-other-provisions-in-the-senate-bailout-bill/comment-page-1/#comment-28498 Bryant Arms Thu, 02 Oct 2008 01:28:18 +0000 http://blog.sunlightfoundation.com/?p=5372#comment-28498 I wouldn’t be surprised if the recent overhaul of bankruptcy legislation was designed for this economic situation; it turns human debtors into indentured servant. And that is necessary for the following reason: The ’sssssss’ we are noticing with this credit crunch is just the leak before the big burst. This credit bubble has been inflated by a logorithmic base 10 scale of dollar creation. The practice of using 90% of ‘real’ wealth for lending that can then be invested and re-deposited for recycling again and again for more and more credit probably has the same effect of simply printing more money. The difference between those two ways of creating wealth is that creating money by credit inflation redistributes wealth for the benefit of financiers. And printed money is real; not fake. This credit bubble burst should, then, be creating a shortage of money. And the cure may be as simple as the government printing more money. The only problem with that scheme is that there would not be another bubble to burst to correct for over-inflation. Printed dollars don’t evaporate away like the ones the financiers are trying to sell taxpayers now. And that is why those who have engineered this bubble need those new draconian bankruptcy laws. Only wage earners can turn this fake money into real wealth. And that is why the Bush administration and other supporters of the great bailout plan are adamantly against giving bankruptcy judges the right to restructure debt according to who is most responsible for making bad loans. Bryant Arms I wouldn’t be surprised if the recent overhaul of bankruptcy legislation was designed for this economic situation; it turns human debtors into indentured servant. And that is necessary for the following reason:

The ’sssssss’ we are noticing with this credit crunch is just the leak before the big burst. This credit bubble has been inflated by a logorithmic base 10 scale of dollar creation.
The practice of using 90% of ‘real’ wealth for lending that can then be invested and re-deposited for recycling again and again for more and more credit probably has the same effect of simply printing more money. The difference between those two ways of creating wealth is that creating money by credit inflation redistributes wealth for the benefit of financiers. And printed money is real; not fake.

This credit bubble burst should, then, be creating a shortage of money. And the cure may be as simple as the government printing more money. The only problem with that scheme is that there would not be another bubble to burst to correct for over-inflation. Printed dollars don’t evaporate away like the ones the financiers are trying to sell taxpayers now.

And that is why those who have engineered this bubble need those new draconian bankruptcy laws. Only wage earners can turn this fake money into real wealth. And that is why the Bush administration and other supporters of the great bailout plan are adamantly against giving bankruptcy judges the right to restructure debt according to who is most responsible for making bad loans.

Bryant Arms

]]> By: jim http://blog.sunlightfoundation.com/2008/10/01/the-other-provisions-in-the-senate-bailout-bill/comment-page-1/#comment-28442 jim Wed, 01 Oct 2008 21:33:33 +0000 http://blog.sunlightfoundation.com/?p=5372#comment-28442 If it passes, it won't matte who gets to be President, the secretary of the treasury will have all the power. If it passes, it won’t matte who gets to be President, the secretary of the treasury will have all the power.

]]> By: David http://blog.sunlightfoundation.com/2008/10/01/the-other-provisions-in-the-senate-bailout-bill/comment-page-1/#comment-28426 David Wed, 01 Oct 2008 20:10:56 +0000 http://blog.sunlightfoundation.com/?p=5372#comment-28426 Please let it be a poison pill . . . Please let it be a poison pill . . .

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