Wednesday, 1 October 2008


yo!...mutiny onna BAILOUT...innit!

PALOOKAVILLE SPORT stardate capitulation day+13

the story so far...

united flakes dorkship TITANIC, out of Wall St. has run aground on a creditburgh and is holed below the water line...toxic sh*t has spread across the financial world and has solidified...

captain brush has ordered the crew ta SAVE THE SUCKER...but the crew have mutinied...

...they have refused a direct order from the bailer in chief and now Admiral Paulson has convened a court marshal with threats of a good floggin wiya cat-o-nine tails..

keel haulin has been ruled out...for now...

captinbrush : this sucker could go dahn...

paulie : America expects every man ta do is dooty...

market ticker :

jeff : "Predictably, the refuseniks have been pilloried as ill-informed nihilists. They have been lambasted for failing to understand the consequences of their actions. They are, according to the Big Bail-out Brigade, condemning the rest of us to be buried alive in the rubble of a disintegrating banking system.

Try a different take. Yes, the West’s financial infrastructure is in severe distress. Yes, more banks are going to crumble. Yes, there will be a recession. But allocating $700bn (it would almost certainly turn out to be more) to a clean-up programme for toxic assets, in effect socialising the poison of private greed, has no merit other than to delay the inevitable. No amount of federal cash can rewind the X-rated horror video.

There is a conspiracy of bankers and politicians whose self-interest is masquerading as sophisticated policy. They want us to believe that they have the keys to salvation. I have not seen a scrap of evidence to confirm this." Telegraph

mish : "The bill is very clear. Assets now held in China and London can be sold to US entities on Monday and then sold to the Treasury on Tuesday.

Paulson has made it clear he will recommend a veto of any bill that contained a clear provision that said if Americans did not own the asset on September 20th that it can't be sold to the Treasury.

Hundreds of billions of dollars are going to bail out foreign investors. They know it, they demanded it and the bill has been carefully written to make sure that can happen.

Senator, please scrap the Paulson proposal in entirety and try something that might work, that is constitutional, and does not put taxpayer money at risk.

US citizens should not spending $700 Billion to bail out foreign investors. The actions of Treasury Secretary Paulson go far beyond disgusting, to outright betrayal of US citizens.

I ask that you take a clear stand against this un-American bill by not only voting against it, but to Filibuster the bill until it is given up for dead. I cannot and will not vote for any legislator who votes for this bill, or even allows it to be brought up for vote." mish

previously on a ship of the line...

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