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User Info Congress is IGNORING YOU - Call and FAX NOW in forum [Ticker]
Genesis
Posts: 71435
Incept: 2007-06-26
A True American Patriot!
KD^2
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http://market-ticker.denninger.net/archi....

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-09-25 10:00:12
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Eaglewwit
Posts: 1890
Incept: 2007-11-30
SoCal
Online
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This bill if passed is a travesty of democracy. I have been faxing and calling my congress people with this message daily. The majority of Americans do not want this bill to pass. They see the injustice of bailing out the fat cats on Wall Street while they eat ****. My neighbor is a longshoreman , not the smartest guy in the world, but he is opposed to it. America is waking up, but the question is will our congress people listen to us.

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"Not even I imagined we would see trillions of dollars being created and given to the culprits as a means of allegedly "saving" the system. This is not mere Keynesianism; it is Keynesianism on steroids and crystal meth."
2008-09-25 10:59:12
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Genesis
Posts: 71435
Incept: 2007-06-26
A True American Patriot!
KD^2
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There are times when being a Congressman (or woman) means being enough to a statesman to do what is unpopular and letting history judge you.

This is not one of those times. If this bill passes and fails to work, the consequences will be severe for the Congressional Reps and Senators that vote for it.

I am absolutely certain - 100% certain - that it will not work for the reasons I have outlined.

The credit market, by the way, says that it won't work either.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-09-25 11:31:03
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Shrpblnd
Posts: 1169
Incept: 2007-08-06
A True American Patriot!
Los Angeles, CA
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The capitol switchboard is now giving out busy signals. I tried emailing my senator directly off the senate website page, and mail will no longer go through. It looks like the server is overloaded.

2008-09-25 11:38:10
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Eaglewwit
Posts: 1890
Incept: 2007-11-30
SoCal
Online
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I FAXED THIS:

JUST SAY NO TO THE BAILOUT

This bailout cannot be allowed to pass for the following reason:

1.The overwhelming majority of the public says no to this bailout.
2.It is a bailout of the fat cats on Wall Street at the expense of the middle class.
3.It legalizes fraud on a grand scale.

Think about the tactics the Bush administration used to go to war. Do you see anything familiar here. They are trying to scare us into submission. Paulson and Bernanke have been proven to be wrong over and over again, and now we are supposed to believe them. DO NOT FALL FOR IT.

There are many viable alternatives to this bailout that are not being discussed. You cannot pass this on such short notice. The lack of debate and thoughtful analysis is disgusting. American are sick and tired of this. It will be my goal to get ever Congress person who votes for this, voted out of office. DO NOT ALLOW THE BUSH ADMINISTRATION TO HIJACK OUR DEMOCRACY, ONCE AGAIN.

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"Not even I imagined we would see trillions of dollars being created and given to the culprits as a means of allegedly "saving" the system. This is not mere Keynesianism; it is Keynesianism on steroids and crystal meth."
2008-09-25 11:47:05
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Fidgit
Posts: 14065
Incept: 2008-02-18

AllyBammy
Online
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Guys, I don't know if these have been listed anywhere, but since Shelby's washington phone is now evidently nonfunctional (at least I haven't been able to get thru to it for quite some time), here are local offices you can call (and yes, I've talked to real live people at them!):

Huntsville: (256)772-0460
Birmingham (205) 731-1384
Tuscaloosa (205) 759-5067
Montgomery (334) 223-7303
Mobile (251) 694-4164

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I say it's spinach, and I say the hell with it.
2008-09-25 11:48:56
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Coolhandluke
Posts: 5637
Incept: 2007-12-19

Out of the box
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I faxed my reps and the majority and minority leadership this morning.

I directed them to www.fedupusa.org

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It's not that I'm lazy, I just don't give a **** anymore.
2008-09-25 11:49:41
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Fidgit
Posts: 14065
Incept: 2008-02-18

AllyBammy
Online
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for Mccain:

Phoenix 602-952-2410
Tempe 480-897-6289
Tucson 520-670-6334

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I say it's spinach, and I say the hell with it.
2008-09-25 11:51:11
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Leraconteur
Posts: 7189
Incept: 2007-12-03
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I got through to Waxman's office on one ring.

2008-09-25 11:55:37
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Briar
Posts: 1905
Incept: 2008-02-07

California
Online
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Gen,
Question. If it's not going to work will we know it in time for the upcoming election? If not, memories are short. Will enough people remember in two years to make a difference? And what if the other party (other than any given incumbent) doesn't put up someone palatable to the voters? I would vote for a Republican if I had to, but not if he or she is one of those born again types who wants to force his religion down my throat. If the choice is voting for an incumbent (who was otherwise okay) who voted for this bill and one of those, I'd have to vote for the incumbent.

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"You have the right to remain silent, but I must admit, a good cry can do a man wonders."

-John Munch
2008-09-25 12:01:04
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Themortgagedude
Posts: 3930
Incept: 2007-12-17

saint louis
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From notsobreaking

Rrwoodward
Posts: 5
Incept: 2008-09-24
Nashville, TN

TED opened the day at +340, trading at +310 right now with 3 mo bills trading from .30% to .65% right now, so that's an improvement. However, the real reason we are so high is that 3 mo Libor spiked higher again last night to 3.77% from 3.47% yesterday. Keep in mind, 3 mo libor started the week at 3.19%.

credit markets are FROZEN right now gang. And it will be interesting to see if a signed bill will actually un-freeze the credit market. If it' doesn't, we are in deep shi@.


2008-09-25 10:15:49
Genesis
Posts: 38471
Incept: 2007-06-26

Chief Bottlewasher

Nope. The credit market has priced in passage, as everyone has said (including the folks doing it) that it will pass.

You already have your credit market's answer as to whether it will work.

It will not.

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Vote AGAINST anyone who votes for this crap bailout

2008-09-25 10:34:36


MY TAKE ON IT

WELL IF THE CREDIT MARKET ISN'T GOING TO WORK WHETHER WE DO THIS OR NOT - WHY THE **** ARE WE DOING IT. GO AHEAD I'M READY TO TAKE MY MEDICINE - LETS GET IT OVER WITH. NO BAILOUT - LETS TAKE OUR MEDICINE AND BE DONE

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"These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"


2008-09-25 12:10:51
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Genesis
Posts: 71435
Incept: 2007-06-26
A True American Patriot!
KD^2
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Briar, it is exactly that attitude Congress is counting on to retain their seats.

Make sure you take a picture of yourself today so you are able to identify the reason that our social program funding will have to be cut as this crisis deepens.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-09-25 12:15:17
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Ecashflow
Posts: 4
Incept: 2008-09-23
Carthage MO
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One representative on CNBC stated that the bailout bill was a nearly done deal, except for the photo-ops.

I just can’t see why holders of toxic waste would line up for a chance to sell at a low price. Both they and the Treasury know that doesn’t solve their problem. So the Treasury will overpay and then buyers, knowing the Treasury has a huge inventory of junk to sell, will wait for a better price.

I wonder why no one has mentioned the interest cost of such a large carry. Maybe they will duplicate the fraud practiced in the major trust funds and just issue GAS.

I am not familiar with TED. Please explain. Thanks

2008-09-25 12:25:30
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Patentleathershoes
Posts: 7642
Incept: 2007-09-13
A True American Patriot!
Looking forward to PB&J time!
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McCain's office: busy
Webb: busy
Warner: awaiting final bill to decide.
Moran: VOTING NO.

DO NOT BUY THE BULL**** THE MEDIA IS PUTTING OUT THERE.

There is no concensus.

2008-09-25 12:32:46
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Ilyachern
Posts: 568
Incept: 2007-06-26

North Miami Beach Florida
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I called everybody I could think off, the problem is we are getting polite "thank you, f**k off from the staffers". When this travesty fails and everyone realizes that both Democrats and Republicans sold us down the river we need a viable third party for people to vote, or we get another Hitler. We need to start working on that, think future; we may loose the battle, but we must win the war.

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The Fed won't be winding down their balance sheet. Their balance sheet will be winding down the Fed.
Level 9 9/23/09
2008-09-25 12:37:45
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Vegasradar
Posts: 3956
Incept: 2007-07-11
A True American Patriot!
CA
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All I'm hearing is that no one will commit if they are for or against until they have had a chance to read the final bill

I'm just telling them they need to vote NO on ANY terms — banks are going to fail regardless and we need that money for FDIC

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Remember, all Bennie has is dollars. He destroys the currency, he destroys himself. —Karl
Filling in the Pieces- an economic overview:
http://storage.denninger.net/ppt/teapart....
2008-09-25 12:42:05
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Genesis
Posts: 71435
Incept: 2007-06-26
A True American Patriot!
KD^2
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THere is no consensus and we MUST keep flooding the phones and faxes.

If we succeed in burying them with the CERTAIN KNOWLEDGE that they will be FIRED in November if they vote for this, it WILL go down.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-09-25 12:51:02
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Starbork
Posts: 231
Incept: 2007-10-23
A True American Patriot!
San Francisco, CA
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Anyone with a Reddit account please vote this one up:

http://www.reddit.com/r/politics/comment....

2008-09-25 13:00:42
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Wthef
Posts: 620
Incept: 2008-02-25

philadelphia
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i remember back in the day the good ol rap group PUBLIC ENEMY and there song fight the power song..i'll give african americans credit on one front when they want to be heard no matter how stupid sometimes the issue at hand ..they rally... to get back on point this **** in congress has got to stop or else nothing will stop this snowball from growing and turning into an avalanche

http://www.youtube.com/watch?v=CuTi9UZtP....

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"I had to look at her today and sat there staring at her bronze naked body laying in the sun, a flaming red candle in her hand she took me in. Her figure consumed me 36-32-34 and said "take me" I stumbled forward as I engaged her stare and she pulled me down towards her. I ripped off my shirt and dropped my pants, we f
2008-09-25 13:01:52
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Briar
Posts: 1905
Incept: 2008-02-07

California
Online
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Gen,
How do we know the opponent would not have voted for the bailout if he were in office at the time? If it's a failure, of course they'll say they wouldn't have voted for it.
But my real question is, assuming it's passed, will we know before the election whether it's a failure or a success? And how is "success" defined? If it isn't passed and there's an economic collapse and we're plunged into a depression, is that a success? Will we know in time for the upcoming election?

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"You have the right to remain silent, but I must admit, a good cry can do a man wonders."

-John Munch
2008-09-25 13:07:49
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Margincalltime
Posts: 830
Incept: 2008-04-01

NJ
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Absolutely WtheF, that's what we need. If someone knows how to contact Chuck D or Flavor Flav, get them involved. If they can organize a free concert, that's an instant thousands organized. Maybe on the White House lawn?

2008-09-25 13:09:33
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Margincalltime
Posts: 830
Incept: 2008-04-01

NJ
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Briar- The plan is supposed to be approved and then implemented. This implementation they are aiming for won't be done in a day, so they can claim the plan wasn't given enough time regardless of what happens in the next several weeks. If markets recover- "look the plan worked", if they fall- "the plan needs more time to work". It's a win-win situation for them and the politicians will tell the American people..."Look, we are doing something..."

2008-09-25 13:12:17
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S7rep
Posts: 1177
Incept: 2007-08-29

Southwest, FL
Online
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I'm over 150 faxes I'm looking up each individual senator and blasting their local offices as well...

I got through on McCains lines almost right away guys we need to hammer him!!

Phoenix 602-952-2410
Tempe 480-897-6289
Tucson 520-670-6334

2008-09-25 13:12:28
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Genesis
Posts: 71435
Incept: 2007-06-26
A True American Patriot!
KD^2
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Excuses excuses Briar.

Choose. Either act or not, but if this passes and the nation goes into a severe recession (or worse) we will need that $700 billion and it will be gone.

That's the crux of this - the bill solves nothing as it has nothing to do with WHY we are in this mess.

If you want to pretend that it will "address" something, that's up to you. Just be prepared for the consequences WHEN (not if) it fails.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-09-25 13:18:28
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S7rep
Posts: 1177
Incept: 2007-08-29

Southwest, FL
Online
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I don't get it why the **** ARENT YOU PEOPLE ****ED AS HELL??? I started emailing our elected officials at 6 AM this morning and I'm not STOPPING. ONE voice turns in to thousands when we work together!!!

2008-09-25 13:24:14
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