Comments on: Bailing Out Bank Executives
By mtdon on 01-09-09
I think we need a new law in America that says the CEO cannot be the Chairman of the Board. And Executive staff cannot sit on the Board. We need to return to the time the Board was an oversight of the Executives. We also need a law that says if a company has union workers then the Union gets 1 seat on the Board Of Directors.
It’s getting to be that a lot of companies are getting tax breaks, and other financial incentives to set up or continue business in a certain area - it’s only being done for the local jobs they create so put a pro-labor person on the Board.
By Voter Botox on 01-09-09
Yes, it is the same banks with their creative loan techniques and promotion of paying off your debts with a good rate second mortgage…..... that come to your home and toss you and your family out on the street thinking they will be able to sell your home in foreclosure…..OOPS!....what happened Mr. Big Pockets ‘College Graduate’ banker…..nobody is their to buy them…...waaaaaaaa…..you say….We must go to capital hill and convince ‘Uncle Satan Sam’ to get us out of trouble or we will go under…...Bailout Buracratic Baboons!
By Citizen on 01-09-09
This recession will deepen. Soon the bond market will collapse followed by a run on the US dollar and a currency crisis in the United States in 2010-2011. 2009 will be remembered as the year the housing market fell another 15% and the stock market fell an additional 30%. We will see a DOW 5000 an S&P;600 and a NASDAQ of 900. Unemployment in December of 2009 will be 15-18%. By spring you will see 1,000,000 jobs a month being lost in the United States.
The government cannot create jobs. The government itself has no wealth nor capital, only debt. The interventions the government and federal reserve have performed against the wished of the people for the past year have done nothing. Since the bailouts the markets have lost over 25% more. As those in the Austrian School of economics have told us and taught us, the bubbles created by the Federal Reserve will burst eventually, and with furious anger! The interventions of the Fed and treasury dept. will only prolong and worsen the situation. Our recession may soon be GDII (Great Depression Two).
Please do not take my word for any of this. Do your own research and reading. Listen to Peter Schiff, Professor Antal E. Fekete, Ron Paul, Paul Craig Roberts, Darryl Schoon, Catharine Austin Fitts, Lew Rockwell, Jacob Hornberger and those like them. Have a good year. Buy some gold.
Argentum et aurum comparenda sunt.
By Citizen on 02-21-09
I stand by what I said above. After hearing the FED outlook and reading Soros’ statement this week, we are going to see much more deterioration in the US markets. Hold on. BUY GOLD.
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