Homestead mailing list

[william Eggers <wce1482 AT yahoo.com>]

Obama and the Dems can say whatever they want, but Bush and Co. are not goint 
to let the government have any control or interest in banks.  All they want 
is a bail out.  Look at the bill Bush sent to Congress.  It doen't say 
anything about the government getting any interest in any bank.  The Dems are 
fighting that, but just like the Iraq War, they are again going to be 
railroaded into passing the bill pretty must as the Bush people want it.

From: bob ford <bobford79 AT yahoo.com>
Subject: Re: [Homestead] Buddy, can you spare $700B.
To: homestead AT lists.ibiblio.org
Date: Tuesday, September 23, 2008, 3:25 PM

Bill, today Senator Obama echoed what other Democrats are saying; the 
government
should have "equity positions" in all of the banks involved, which
will be most of the larger banking institutions in the country.  When the
government nationalizes banks, they nationalize all of the operating credit in
the country.  This is socialism.  .....bobford



----- Original Message ----
From: william Eggers <wce1482 AT yahoo.com>
To: homestead AT lists.ibiblio.org
Sent: Tuesday, September 23, 2008 1:20:17 PM
Subject: Re: [Homestead] Buddy, can you spare $700B.

This isn't socialism as the government is not taking over the banks, but
just giving them a free ride.  The banks will still be owned by the same 
people
they are now, but they will no longer have any bad paper.  Of course, any 
loans
that are sound, they will keep.  This is not socialism, this is stick it to 
the
people.

--- On Sun, 9/21/08, bob ford <bobford79 AT yahoo.com> wrote:

From: bob ford <bobford79 AT yahoo.com>
Subject: Re: [Homestead] Buddy, can you spare $700B.
To: homestead AT lists.ibiblio.org
Date: Sunday, September 21, 2008, 6:39 PM

The local banks and credit unions still have to borrow money from the
"system.  Try to draw off your credit union heloc, and see if your
ability
hasn't been throttled , even if your personal fico score and income has
remained rock steady.
 
You say:  "Bank local".  If you bank at a small local bank, ask
them if they receive systematic infusions of money from banks within the 
larger
overall system.  When it gets right to the matter, they are all
'allowed' to operate by the Fed, large or small.  Unless there is a
gold/silver bullion bank of which I have not heard.....bobf



----- Original Message ----
From: Lynda <lurine AT softcom.net>
To: homestead AT lists.ibiblio.org
Sent: Sunday, September 21, 2008 11:03:55 AM
Subject: Re: [Homestead] Buddy, can you spare $700B.

Well, I suppose this could be true because just like everything else (Third 
Party, Buy Local), the average dumbed down, Hummer driving, soccer mom type 
sheople don't get it.  Little local banks aren't going to fail, nor
are the 
little local owned credit unions.  They don't rely on playing with money
to 
survive.

Now, if everyone simply woke up and smelled Rome burning, they'd get off 
their ignorant assets and vote Third Party, buy local, dump the hummer, 
remember that legs are for walking, their kid doesn't "need" a
Blackberry or 
a cell phone, they don't "need" to buy, buy, buy and they should
be 
supporting their little local community owned bank!

Lynda
----- Original Message ----- 
From: "bob ford" <bobford79 AT yahoo.com>


I read one estimate that between 5000 - 8000 banks will fail, within the 
next five years. If true, the staistics alone are disturbing, but the result 
is frightening. Our banking system will becom even more centralized, more 
controlled by the same moronic clowns who control Wall Street and Congress 
today.

I just hope for a day when the regular working people realize that, for the 
most part, the "wizards of the universe" are not the "best and
the 
brightest", they are simply the best connected and least scrupulous.

If these crass people can keep their ill-gotten gains, upon the tax-paying 
back of people who actually do physical work, in the heat, the cold , and 
the rain, then, i don't see any brightness in the future of our country, 
unless it is the light of well placed fires, lit bit highly principled young 
people. ....bobford



----- Original Message ----
From: "Clansgian AT wmconnect.com" <Clansgian AT wmconnect.com>
To: homestead AT lists.ibiblio.org
Sent: Sunday, September 21, 2008 4:29:48 AM
Subject: [Homestead] Buddy, can you spare $700B.

As of this week you will be living in a different country.

The bailout of the mortgage industy, the 'don't want to discuss
anything so
insignificant as the housing bubble', the 'ain' making any more
land -
recovery is just around the corner - never been a better time to buy' 
industry,
contains the following, these are quotes from the proposed legislation:


"TheSecretary's authority to purchase mortgage-related assets under
thisAct
shall be limited to 700,000,000,000 dollars outstanding at any one time"

(That is, it isn't a $700B bailout, that's just the amount that can be
outstanding at one time. This bill authorizes the treasury to spend an 
unlimited
amount of money)

"The Secretaryis authorized to take such actions as the Secretary deems
necessary tocarry out the authorities in this Act, including, WITHOUT 
LIMITATION"

""Designating financial institutions as financial agents of the
Government,and they shall perform all such reasonable duties related to this 
Actas
financial agents of the Government as may be required of them"

(That is, the Sec. of Treasury can appoint any of his banking buddies as
deputies and they can have the same authority and impunity as he has)

"Sale of Mortgage-Related Assets. The Secretary may, at any time, upon
terms
and conditions and at prices determined by the Secretary,sell, or enter into
securities loans, repurchase transactions or otherfinancial transactions in
regard to, any mortgage-related assetpurchased under this Act."

(That is, the Sec of Treasury can buy worthless assets from his buddies for
the full face value and then sell them for five cents on the dollar and the 
US
taxpayer picks up the tab for the difference).

And this is the clincher:

"Decisions by the Secretary pursuant to the authority of this Act are
non-reviewable and committed to agency discretion, and may not be reviewed 
by any
court of law or any administrative agency"

Nobody, not even God, can regulate or oversee the Secretary of the Treasury,
not the courts, congress, nobody. It makes the Secretary of the Treasury the
dictator and emperor of the country. </HTML>
_______________________________________________
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Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/bobford79%40yahoo.com
View the archives at:
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_______________________________________________
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Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/lurine%40softcom.net
View the archives at:
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_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/bobford79%40yahoo.com
View the archives at:
https://lists.ibiblio.org/sympa/arc/homestead


      
_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/wce1482%40yahoo.com
View the archives at:
https://lists.ibiblio.org/sympa/arc/homestead





      
_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/bobford79%40yahoo.com
View the archives at:
https://lists.ibiblio.org/sympa/arc/homestead


      
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Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
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View the archives at:
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Subject: Re: [Homestead] Buddy, can you spare $700B.
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You could be right, Bill.  At this point, I don't really think anyone knows 
what they will pass.  McCain's speech didn't air live because  Ahmadinejad 
was speaking live.  I am really afraid of what is heading our way, regardless 
of what they do.  

I am using the word "afraid" literally.  I live in a large city; if things go 
terribly wrong, I'm in a world of hurt.  I own, several small fire rifles, 
lots of shotguns, 
8 revolvers and pistols, and thousands of rounds of ammunition, and a have a 
12 pound dog that bites.  I think I'm going to go to the sporting goods store 
and buy one of those new AK-74 model of the AK-47, get me a few 60-round 
magazines.  

If things get bad, and Phoenix becomes like L.A. did after the Badge Boys 
gave Rodney King a whooping; they might show the central part of our city on 
CNN.  If you watch; I'll be the crazy white guy sitting in a lawn chair in 
the front yard , dog --with tennis ball in her mouth--by my side; Kalashnikov 
in my lap, and a pile of burros and tamales to give me courage.  
boogityboogitybobford


 


----- Original Message ----
From: william Eggers <wce1482 AT yahoo.com>
To: homestead AT lists.ibiblio.org
Sent: Tuesday, September 23, 2008 1:48:13 PM
Subject: Re: [Homestead] Buddy, can you spare $700B.

Obama and the Dems can say whatever they want, but Bush and Co. are not goint 
to let the government have any control or interest in banks.  All they want 
is a bail out.  Look at the bill Bush sent to Congress.  It doen't say 
anything about the government getting any interest in any bank.  The Dems are 
fighting that, but just like the Iraq War, they are again going to be 
railroaded into passing the bill pretty must as the Bush people want it.

From: bob ford <bobford79 AT yahoo.com>
Subject: Re: [Homestead] Buddy, can you spare $700B.
To: homestead AT lists.ibiblio.org
Date: Tuesday, September 23, 2008, 3:25 PM

Bill, today Senator Obama echoed what other Democrats are saying; the 
government
should have "equity positions" in all of the banks involved, which
will be most of the larger banking institutions in the country.  When the
government nationalizes banks, they nationalize all of the operating credit in
the country.  This is socialism.  .....bobford



----- Original Message ----
From: william Eggers <wce1482 AT yahoo.com>
To: homestead AT lists.ibiblio.org
Sent: Tuesday, September 23, 2008 1:20:17 PM
Subject: Re: [Homestead] Buddy, can you spare $700B.

This isn't socialism as the government is not taking over the banks, but
just giving them a free ride.  The banks will still be owned by the same 
people
they are now, but they will no longer have any bad paper.  Of course, any 
loans
that are sound, they will keep.  This is not socialism, this is stick it to 
the
people.

--- On Sun, 9/21/08, bob ford <bobford79 AT yahoo.com> wrote:

From: bob ford <bobford79 AT yahoo.com>
Subject: Re: [Homestead] Buddy, can you spare $700B.
To: homestead AT lists.ibiblio.org
Date: Sunday, September 21, 2008, 6:39 PM

The local banks and credit unions still have to borrow money from the
"system.  Try to draw off your credit union heloc, and see if your
ability
hasn't been throttled , even if your personal fico score and income has
remained rock steady.
 
You say:  "Bank local".  If you bank at a small local bank, ask
them if they receive systematic infusions of money from banks within the 
larger
overall system.  When it gets right to the matter, they are all
'allowed' to operate by the Fed, large or small.  Unless there is a
gold/silver bullion bank of which I have not heard.....bobf



----- Original Message ----
From: Lynda <lurine AT softcom.net>
To: homestead AT lists.ibiblio.org
Sent: Sunday, September 21, 2008 11:03:55 AM
Subject: Re: [Homestead] Buddy, can you spare $700B.

Well, I suppose this could be true because just like everything else (Third 
Party, Buy Local), the average dumbed down, Hummer driving, soccer mom type 
sheople don't get it.  Little local banks aren't going to fail, nor
are the 
little local owned credit unions.  They don't rely on playing with money
to 
survive.

Now, if everyone simply woke up and smelled Rome burning, they'd get off 
their ignorant assets and vote Third Party, buy local, dump the hummer, 
remember that legs are for walking, their kid doesn't "need" a
Blackberry or 
a cell phone, they don't "need" to buy, buy, buy and they should
be 
supporting their little local community owned bank!

Lynda
----- Original Message ----- 
From: "bob ford" <bobford79 AT yahoo.com>


I read one estimate that between 5000 - 8000 banks will fail, within the 
next five years. If true, the staistics alone are disturbing, but the result 
is frightening. Our banking system will becom even more centralized, more 
controlled by the same moronic clowns who control Wall Street and Congress 
today.

I just hope for a day when the regular working people realize that, for the 
most part, the "wizards of the universe" are not the "best and
the 
brightest", they are simply the best connected and least scrupulous.

If these crass people can keep their ill-gotten gains, upon the tax-paying 
back of people who actually do physical work, in the heat, the cold , and 
the rain, then, i don't see any brightness in the future of our country, 
unless it is the light of well placed fires, lit bit highly principled young 
people. ....bobford



----- Original Message ----
From: "Clansgian AT wmconnect.com" <Clansgian AT wmconnect.com>
To: homestead AT lists.ibiblio.org
Sent: Sunday, September 21, 2008 4:29:48 AM
Subject: [Homestead] Buddy, can you spare $700B.

As of this week you will be living in a different country.

The bailout of the mortgage industy, the 'don't want to discuss
anything so
insignificant as the housing bubble', the 'ain' making any more
land -
recovery is just around the corner - never been a better time to buy' 
industry,
contains the following, these are quotes from the proposed legislation:


"TheSecretary's authority to purchase mortgage-related assets under
thisAct
shall be limited to 700,000,000,000 dollars outstanding at any one time"

(That is, it isn't a $700B bailout, that's just the amount that can be
outstanding at one time. This bill authorizes the treasury to spend an 
unlimited
amount of money)

"The Secretaryis authorized to take such actions as the Secretary deems
necessary tocarry out the authorities in this Act, including, WITHOUT 
LIMITATION"

""Designating financial institutions as financial agents of the
Government,and they shall perform all such reasonable duties related to this 
Actas
financial agents of the Government as may be required of them"

(That is, the Sec. of Treasury can appoint any of his banking buddies as
deputies and they can have the same authority and impunity as he has)

"Sale of Mortgage-Related Assets. The Secretary may, at any time, upon
terms
and conditions and at prices determined by the Secretary,sell, or enter into
securities loans, repurchase transactions or otherfinancial transactions in
regard to, any mortgage-related assetpurchased under this Act."

(That is, the Sec of Treasury can buy worthless assets from his buddies for
the full face value and then sell them for five cents on the dollar and the 
US
taxpayer picks up the tab for the difference).

And this is the clincher:

"Decisions by the Secretary pursuant to the authority of this Act are
non-reviewable and committed to agency discretion, and may not be reviewed 
by any
court of law or any administrative agency"

Nobody, not even God, can regulate or oversee the Secretary of the Treasury,
not the courts, congress, nobody. It makes the Secretary of the Treasury the
dictator and emperor of the country. </HTML>
_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/bobford79%40yahoo.com
View the archives at:
http://lists.ibiblio.org/pipermail/homestead



_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/lurine%40softcom.net
View the archives at:
https://lists.ibiblio.org/sympa/arc/homestead


_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/bobford79%40yahoo.com
View the archives at:
http://lists.ibiblio.org/pipermail/homestead


      
_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/wce1482%40yahoo.com
View the archives at:
https://lists.ibiblio.org/sympa/arc/homestead





      
_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/bobford79%40yahoo.com
View the archives at:
https://lists.ibiblio.org/sympa/arc/homestead


      
_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/wce1482%40yahoo.com
View the archives at:
http://lists.ibiblio.org/pipermail/homestead





      
_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/bobford79%40yahoo.com
View the archives at:
http://lists.ibiblio.org/pipermail/homestead