Shares in US Bond Insurers Rise on Bailout Hopes

January 25, 2008

  • January 25, 2008 at 2:37 am
    media mogul says:
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    This sub-prime lending failure crisis, now spreading serious instability worldwide (but don’t panic or it’ll cost you) has been brought to us by right wing unregulated market ideologues, courtesy of the Bush/Rove/Cheney government for life. And you thought you were voting for protection against terrorists, gay marriage and those supporting abortions for rape and incest victims. Well done! Fooled again! And that’s not even talking about that dirty big war they snuck in on us.

    Now it is time for the connected big boys (Carlyle Group, Saudi Royal Family, hedge funds, sovereign funds and national banks of the various oil rich countries, etc.) to move in and make the real money, all the while whining about the incompetence of government–which they have fomented. And then arguing that more things be privatized and unregulated. And the downward spiral of the destruction of government for the benefit of a few accelrates. The ever-widening circle of chaos around the Bush/Rove/Cheney epicenter spreads apace.

    Way to go, rich guys. Carlos Slim, perhaps the world’s richest man got that way by buying Mexican national assets from a corrupt government for pennies on the dollar (Telefonos de Mexico) and then getting corrupt de facto government monopoly protection on cell phones there. Now that is the right kind of privitization–for a few….

    Check out the accurate analysis of this new, often repeated sleazy maneuver at:

    Read her bestselling and award-winning book “The Shock Doctrine” so you can see what is happening to you. Or if you don’t read too much no more no how like PAtriot and Scottsdale Slim, see the short film by the same name. Try not to move your lips when they say the big words….

    And by the way, A.M Best, where are you guys? Are you going to take a stand or downgrade quickly and quietly from A++XV to C and hope no one notices the horse has already left the barn?

    The fun is just beginning. How many insurers are going to be seriously affected by these bogus securities formerly backed by our phony economy–borrow on your house, spend it and transfer the debt to China. That phony prosperity really helped distract us from all the Republican governmental misconduct and that costly and bloody war. Guns and Butter, just like LBJ! Only this time no photos of the coffins coming home allowed! This whole Republican initiative since 1994 has been about the only thing these guys care about–commercial theft and they have pulled it off big time.

    You know, I hear those Chinese can be pretty hard-nosed guys when you owe them a lot of money and can’t quite pay it all back on time…save us again oh Bush/Rove/Cheney government for life! We’re drowning!

  • January 25, 2008 at 2:58 am
    Saints Fan says:
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    I totally agree with your rant – in fact, I don’t think I could add much to it except BRAVO!

  • January 28, 2008 at 10:46 am
    Dustin says:
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    So you don’t think the over zealous people who decided they needed a 3000 sq foot house while making 20k a year are partially to blame as well? Trust me, I am not defending Bush in the least. I just think that the buck shouldn’t stop there. These people who took out the loans were just as guilty.

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