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THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! !

Anonymous Coward (OP)

User ID: 508810

United States

09/26/2008 06:08 AM

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Report Copyright Violation Re: THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! ! Her name's Marcy Kaptur from Ohio.





We will be telling our grandchildren about her and these words when they've reached enough ears.

Anonymous Coward

User ID: 418035

United States

09/26/2008 06:21 AM

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Report Copyright Violation Re: THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! ! Can someone post a brief summaty of what she said. Don't have sound on my PC at work. Thanks.

Quoting: Anonymous Coward 186361





Transcript:



Ms. KAPTUR. Mr. Speaker, here is the latest reality game. Let's play Wall Street Bailout.



Rule one: Rush the decision. Time the game to fall in the week before Congress is set to adjourn and just 6 weeks before an historic election so your opponents will be preoccupied, pressured, distracted, and in a hurry.



Rule two: Disarm the public through fear. Warn that the entire global financial system will collapse and the world will fall into another Great Depression. Control the media enough to ensure that the public will not notice this.



Bailout will indebt them for generations, taking from them trillions of dollars they earned and deserve to keep.



Rule three: Control the playing field and set the rules. Hide from the public and most of the Congress just who is arranging this deal. Communicate with the public through leaks to media insiders. Limit any open congressional hearings. Communicate with Congress via private teleconferencing calls. Heighten political anxiety by contacting each political party separately. Treat Members of Congress condescendingly, telling them that the matter is so complex that they must rely on those few insiders who really do know what's going on.



Rule four: Divert attention and keep people confused. Manage the news cycle so Congress and the public have no time to examine who destroyed the prudent banking system that served America so well for 60 years after the financial meltdown of the 1920s.



Rule five: Always keep in mind the goal is to privatize gains to a few and socialize loss to the many. For 30 years in one financial scandal after another, Wall Street game masters have kept billions of dollars of their gain and shifted their losses to American taxpayers. Once this bailout is in place, the greed game will begin again.



But I have a counter-game. It's called Wall Street Reckoning. Congress shouldn't go home to campaign. It should put America's accounts in order.



To Wall Street insiders, it says ``no'' on behalf of the American people. You have perpetrated the greatest financial crimes ever on this American republic. You think you can get by with it because you are extraordinarily wealthy and the largest contributors to both Presidential and congressional campaigns in both major parties, but you are about to be brought under firm control.



First, America doesn't need to bail you out, it needs to secure the real assets and property, not your paper, that means the homes and properties of hardworking Americans who are about to lose their homes because of your mortgage greed. There should be a new job for regional Federal Reserve Banks. We want no home foreclosed if a serious work-out agreement can be put into place. And if you don't do it, we want a notarized statement by a Federal Reserve official that they tried and failed.



Second, taxpayers should directly gain any equity benefits that may flow from this historic bailout. We want the American people to get first priority in taking ownership of the institutions that want to pass their toxic paper onto the taxpayers.



Third, before any bailouts for Wall Street, America needs major job creation to rebuild our major infrastructure. America needs assets, not paper. We need working assets.



Fourth, the time for real financial regulatory change is now, not next year. A modernized Glass Eagle Act must be put in place. We need to reestablish locally-owned community savings banks across this country and create within the Justice Department a fully funded unit to prosecute every single high-flying thief whose fraud and criminal acts created this debacle and then forced their disgorgement of assets going back 15 years.



Fifth, any refinancing must return a major share of profits to a new Social Security and Medicare lockbox, where the monies can go to pay for a dignified and assured retirement for every American. This Member isn't voting for a penny of it. Those who created and profited from this game of games must be brought to justice. The assets they stole must be returned to the American taxpayers, right down to the tires on their Mercedes.



Mr. Speaker, I ask my colleagues to join me in cosponsoring my bill to create an independent commission to investigate these well-heeled wrongdoers. Real reform now, or nothing. Transcript:

Anonymous Coward (OP)

User ID: 508810

United States

09/26/2008 06:44 AM

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Report Copyright Violation Re: THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! ! Wow - so there ARE still decent people left in politics.

Quoting: Anonymous Coward 503073





hell yeah





MARCY FOR PREZ!!1! hell yeahMARCY FOR PREZ!!1!

Anonymous Coward

User ID: 483402

United States

09/26/2008 08:09 AM

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Report Copyright Violation Re: THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! ! THIS THREAD IS PINWORTHY!



If you've just been skimming, you OWE it to yourself to check the transcript posted by someone above, or to watch the video!

Anonymous Coward

User ID: 508880

Japan

09/26/2008 08:09 AM

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Report Copyright Violation Re: THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! ! I'M AS MAD AS HELL AND I'M NOT GOING TO TAKE THIS ANYMORE!

Quoting: Anonymous Coward 511074



you're as mad as hell and you're not going to do anything whilst they fuck you up the ass over and over and over again. you're as mad as hell and you're not going to do anything whilst they fuck you up the ass over and over and over again.

Anonymous Coward

User ID: 265673

United States

09/26/2008 08:17 AM

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Report Copyright Violation Re: THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! ! I think I'm in love with an older woman!



No really, I agree with the Lady from Ohio, I support her bill which is aimed at bring the guilty to face justice.

Anonymous Coward

User ID: 470675

United States

09/26/2008 08:27 AM

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Report Copyright Violation Re: THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! ! Wow wow wow, there are still a few good people fighting for the little guy up there!



Along with Richard Shelby, these folks are heros.

childoflight

User ID: 511098

United States

09/26/2008 08:27 AM

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Report Copyright Violation Re: THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! ! O MARCY!!!!!!!!!! And thanks to OP for sharing the link. If there is a way to pass this on please let me know. My computer skills aren't that great but I have a lot of friends that would LOVE to see this and who in turn would send it to their friends! Again Bravo! I wish I had been there to hear this! BRAVO MARCY!!!!!!!!!!And thanks to OP for sharing the link. If there is a way to pass this on please let me know. My computer skills aren't that great but I have a lot of friends that would LOVE to see this and who in turn would send it to their friends! Again Bravo! I wish I had been there to hear this!

Anonymous Coward

User ID: 483402

United States

09/26/2008 08:31 AM

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Report Copyright Violation Re: THE BAILOUT ! ! ! And you thought YOU were already PISSED ! ! ! O MARCY!!!!!!!!!! And thanks to OP for sharing the link. If there is a way to pass this on please let me know. My computer skills aren't that great but I have a lot of friends that would LOVE to see this and who in turn would send it to their friends! Again Bravo! I wish I had been there to hear this!

BRAVO MARCY!!!!!!!!!!And thanks to OP for sharing the link. If there is a way to pass this on please let me know. My computer skills aren't that great but I have a lot of friends that would LOVE to see this and who in turn would send it to their friends! Again Bravo! I wish I had been there to hear this! Quoting: childoflight 511098



You can either highlight the transcript that someone posted above, and rightclick on it and select copy (or use control-c). You can then rightclick-paste (or use control v) to paste it in an email.



If you wish to forward the video as well, click on the Youtube video (not on the play button) to go to the youtube site. Copy the URL on top and paste it in the email for your friends to check it out. You can either highlight the transcript that someone posted above, and rightclick on it and select copy (or use control-c). You can then rightclick-paste (or use control v) to paste it in an email.If you wish to forward the video as well, click on the Youtube video (not on the play button) to go to the youtube site. Copy the URL on top and paste it in the email for your friends to check it out.