Comments on: An inconvenient truth…and here comes the lard-up; Update: Full speed ahead

By: Michelle Malkin » Un-happy anniversary: TARP turns 3

Michelle Malkin » Un-happy anniversary: TARP turns 3 — Mon, 03 Oct 2011 17:28:12 +0000

[...] Some of us opposed it from day one while Chicken Littles in both parties lost their heads. Some of us knew Henry Paulson and the Government Sachs were not to be trusted. Some of us knew long before it was enacted that TARP = Taxpayers’ Accounts Recycled to Politicians. The vote ushered in an era of endless bailouts and new entitlements. Some of us knew long before it was enacted that there would be an inevitable lard-up and slush fund conversion. [...]

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By: Michelle Malkin » ACORN Watch: New HUD IG report details counseling grant scams

Thu, 23 Sep 2010 17:56:09 +0000

[...] racket. As bad as the ACORN/Obama alliance is, I’ve pointed out several times that this mess festered under the Bush administration and a GOP ruling majority. Now, GOP Rep. Daryl Issa announces today [...]

By: Michelle Malkin » Next use for TARP: Government union slush fund

Michelle Malkin » Next use for TARP: Government union slush fund — Fri, 04 Dec 2009 19:20:32 +0000

[...] the “inevitable lard-up” phenomenon I’ve been writing about since bailout-a-palooza began under the Bush [...]

By: WHAT REALLY HAPPENED « Texas Hold ‘Em Blogger

WHAT REALLY HAPPENED « Texas Hold ‘Em Blogger — Sat, 27 Sep 2008 05:31:33 +0000

[...] Michelle Malkin points out the role of — guess what? — illegal immigration in this mess, namely the pressure to give home [...]

By: edelweiss

edelweiss — Fri, 26 Sep 2008 00:04:24 +0000

#110
On September 25th, 2008 at 1:37 pm, Mister P said

Ban predatory lending and cap interest rates on all types of debts

The U.S. should learn a little from continental Europe.

For example in Switzerland, by law, credit cards have interest rates ranging between 9.9% and 14.9% (MAX). Unlike here in the USA, you won’t be charged $25 to $35 late-fee if you are missing a monthly payment.

Also getting a new credit card is extremely difficult if you already have a balance on your other cards.

Swiss college students have zero chance of getting approval for a credit card, unless you have an income.

Swiss federal law on loans stipulates that and I translate to English:

« Approval of a credit is forbidden by law if it would lead the customer to excessive debt. »

[Original Text in French]: L’octroi d’un credit est interdit s’il entraine le surendettement du consommateur.

[Original Text in German]: Eine Kreditvergabe ist verboten, falls sie zur Ueberschuldung des Konsumenten fuehrt.

One reason there are so many people in debt is that credit card interest rates are way too high in USA.
I am glad that I don’t have any debt at all; and my dad is nice enough to pay all my college/university expenses and he doesn’t want me to pay him back.

#110
On September 25th, 2008 at 1:37 pm, Mister P said
9) End the war in Iraq, which is draining $700 million a day from public coffers

We shouldn’t have gone to Iraq in the first place. There were no WMDs or terrorists there. America destroyed Irak twice in less than 15 years, killing countless innocent civilians. Millions of Iraqis will be moving to USA because of that.

By: Michelle Malkin » Kill the bailout: Call your GOP representative; Update: the deal details trickle out; On the rocks?

Thu, 25 Sep 2008 23:09:38 +0000

[...] An inconvenient truth…and the inevitable lard-up Kill the bailout: What Bush should tell the nation Kill the bailout: The Big Lies Kill the bailout: Go, Shelby, Go! Kill the bailout: Illegal immigration and the mortgage mess Kill the bailout: Phones ringing off the hook; student loans, car debt added to proposal Kill the bailout: Newt Gingrich gets on board Kill the bailout: The foreign bank angle Kill the bailout: Will the real fiscal conservatives please stand up? Why Henry Paulson must be “contained” The Mother of All Bailouts = The Death of Fiscal Conservatism Posted in: Subprime crisis Send to a Friend Printer Friendly comments (55) trackbacks (2) [...]

By: Marie

Marie — Thu, 25 Sep 2008 22:49:44 +0000

Also, this Paulson guy looks like a weasel………

By: Marie

Marie — Thu, 25 Sep 2008 22:35:43 +0000

Thanks to the internet we are all able to voice our opinions and make a difference in Washington. I have emailed my congressman and my two senators on a regular basis. It makes a difference. If you don’t know your congressman or senators, just type in your state and city and you will get a site to your representatives. Email your thoughts. It works and you can do this every day. Along with voicing your opinions here, why not tell your representative too.

By: Two Cents On The Financial Issue (Update) « Utah Rattler

Two Cents On The Financial Issue (Update) « Utah Rattler — Thu, 25 Sep 2008 22:34:36 +0000

[...] warning: Watch for Congress pumping pork into the bill. I would highly recommend contacting your Representative and Senators on this [...]

By: ScottyDog

ScottyDog — Thu, 25 Sep 2008 22:33:54 +0000

The same thieves that engineered the 1929 crash are the same people that are engineering this bail out(bank robbery.)
The Federal Reserve

By: 7thson

7thson — Thu, 25 Sep 2008 22:32:54 +0000

George Stephanopoulos is reporting that the deal is falling apart.

By: graysonret

graysonret — Thu, 25 Sep 2008 22:32:46 +0000

With politicians it is always the same thing. Create a crisis (esp. election time) and then figure out how to profit by it, either financially or vote-getting. When a Presidental election comes up, it has to be a “major” crisis that may “doom the country”. In the end, the taxpayer is the one who ends up screwed, watching smiling politicians talk about what they did to rescue him/her.

By: beenthere

beenthere — Thu, 25 Sep 2008 22:25:19 +0000

It simply makes no sense

* to put the people responsible for this nightmare in charge of the solution.

* for there to be no accountability to the government, no resignations, no firings, no criminal indictments.

* that there is nothing in place to prevent this from happening again.

* to blame this on capitalism and them posture as defenders of the free market.

* to fail utterly to address the fundamental cause of this disaster — our groveling before race.

So, this will happen again. Real soon. And it will be bigger. Until the economy disappears down the black hole of socialism.

To top it off, come 2009 we will be replacing one economic incompetent with another. This is insane.

By: corona

corona — Thu, 25 Sep 2008 22:16:16 +0000

Yes, even the New York Times published the truth back in the day.

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''