I have a modest proposal. We seize all the assets of the “financial wizards” who created this mess and prohibit them from ever holding executive authority at any publicly traded company ever again. We use the money to pay for some of this and we entertain ourselves watching these idiots trying to survive living on the streets and dumpster diving.

This is the domestic version of the pallets of cash program.

It’s like the running gagline of a sitcom, “Where the fuck is congress?” [LAUGH TRACK]

“But we need the system to work, so the reforms need to come afterward.”

Oh no he didn’t!

First there’s no evidence that this quick little bail out is going to prevent a shit-tsunami. Second, reforms afterward? Are you shitting me, Paulson? The people at the very top along with everyone who engaged in this fraud need to be given their walking papers and have all their assets seized.

This guy has a few suggestions Paulson wouldn’t like.
http://www.moonofalabama.org/2…..eclar.html

I fully expect the Dems to cave because that’s what they’re good at. The Repubs will jump up and down about the world coming to an end and the Dems not standing up for America etc. etc. then voila! the bailout will be passed. Several months(years?) later we’ll find out how the law included mo money mo money mo money for not only the losses but the banks will somehow be able to keep some ungodly profits. Furthermore, we’ll also find out that ,oops, that under the bailout particulars all executives at the various cos. cannot be prosecuted for any wrongdoing. This will ofcourse be followed by the stern letters. HolyJoe will be making the 15th version of his scold speech on the Senate floor. And lets not forget Arlen Specter who’ll claim he had no idea, absolutely no idea, that this was part of the law and how he’ll write a letter to the Secretary of the Treasury. Steny Hoyer will make his 18th scold speech to the progressives about how they are completely and totally wrong about everything and, well, don’t they understand he still needs the money from the financial services sector so that we can get more Democrats in Congress and then we can pass progressive legislation.

Because you’ve got to pay top dollar to get the best people.

The fact that this theory has utterly failed to promote top people to the top positions for generations is, apparently, irrelevant. It’s become a mantra, like “OM”, to be repeated until one’s mind is clear.

As we enter the Great Depression II and have to sell Alaska back to the Russians in order to pay the interest on the government debt, will TBogg’s snark sustain us?

December 1, 2008

In an eleventh hour attempt to stave off a global financial crisis, President Bush announced the sale of Alaska to the Chinese for a sum in excess of $4 trillion dollars. In lieu of a monetary exchange, the Chinese have agreed to accept title to the majority of the State–with the exception of the inland peninsular region and the outlying islands–in exchange for forgiveness of over $1 trillion dollars of current US debt stemming from the purchase of mortgage backed securities by China. The deal, which had been in negotiation since the meltdown of US financial markets in September, was kept secret until well after the November election.

President-elect McCain has hailed the land sale as a “masterpiece of economic engineering by the Bush administration” that, coupled with the recent bail-out of investment bankers, “will surely go down in history as the ‘Bush Legacy.’”

China has stated that all previous residents are free to remain in Alaska, and will be granted dual citizenship with China–provided they become literate in Chinese within five years. Meanwhile, disgruntled Democrats have insisted that Palin resign the office of Vice President as the impending transfer of sovereignty of Alaska to China calls her U.S. Citizenship into question.

Existing gas and oil leases in Alaska are expected to remain in place. However, the proceeds from these leases will be shared by the Dept. of Interior with China according to a formula that has yet to be finalized. The 4 trillion cubic meters of natural gas believed to lie beneath the Kandik Basin region will be extracted by Conoco-Phillips, Exxon and BP in accord with existing leases and piped to the US.

The Chinese will also inherit the headaches associated with maintaining the aging infrastructure of the Trans-Alaska pipeline, in exchange to title of 50% of all oil shipped through to Prudhoe Bay.

Due to China’s virtually nonexistent environmental protection laws, the sale of Alaska is expected to hasten the drilling for oil and natural gas in the Alaska National Wildlife Refuge. Quipped outgoing Vice President, Dick Cheney: “If you libruls hadn’t been so concerned with f*ckin’ reindeer instead of how ordinary people would gas up their Hummers and snowmobiles, we wouldn’t have had to do this!” A well-placed source within the administration stated that Haliburton and Kerr-McGee are principal bidders for the drilling contracts.

Timber and fishing rights on existing BIA lands are still problematic. The Chinese government has no analog to a sovereign state that exists separate yet contained within their sovereign state. The Chinese have agreed to “step into the shoes” of the United States in all treaties and compacts between the US and Native-Americans. Yet with wood a scarce commodity in China, and the global competition for seafood increasing along with the earth’s population, such rights may be difficult for Native Americans to enforce. Said John Killdeer, of the Kwakiutl People in southwestern Alaska, “It looks like the US will shaft my people once again.”

Meanwhile, as housing markets in the rest of the US slide ever downward, the price of homes and land in Alaska has increased approximately 25% in some locales, as China’s emerging affluent class purchase homes in North America. Jendy Tipton, an Anchorage Realtor, says that the “California-style” ranch homes are most popular among the newly-arrived residents.

Apparently Coot McCain forgets the “Protection Racket’ from his youth. We call Extortion now-a-days. Isn’t it true that in Bed-Stuy, Silk Hanky Paulsons “street name is Gold Sacks, Man?

Throw in Sarah Palin and you got a deal. Then she really will be able to see Russia from her front porch.

From Paulson’s official bio:

President George W. Bush nominated Henry M. Paulson, Jr. to be the 74th Secretary of the Treasury on June 19, 2006. The United States Senate unanimously confirmed Paulson to the position on June 28, 2006 and he was sworn into office on July 10, 2006 by Supreme Court Chief Justice John Roberts. As Treasury Secretary, Paulson is the President’s leading policy advisor on a broad range of domestic and international economic issues.

Before coming to Treasury, Paulson was Chairman and Chief Executive Officer of Goldman Sachs since the firm’s initial public offering in 1999. He joined Goldman Sachs Chicago Office in 1974 and rose through the ranks holding several positions including, Managing Partner of the firm’s Chicago office, Co-head of the firm’s investment Banking Division, President and Chief Operating Officer, and Co-Senior partner.

Prior to joining Goldman Sachs, Paulson was a member of the White House Domestic Council, serving as Staff Assistant to the President from 1972 to 1973, and as Staff Assistant to the Assistant Secretary of Defense at the Pentagon from 1970 to 1972.

Paulson graduated from Dartmouth in 1968, where he majored in English, was a member of Phi Beta Kappa, and an All Ivy, All East football player. He received an M.B.A. from Harvard in 1970. He and his wife, Wendy, have two children, Amanda and Merritt.

This asshole knew the bill for Big Shitpile was coming due when he took the job of treasury secretary. He will be Shrub’s fixer for this mess. If Obama is elected, he will fade into a comfortable multi-million dollar retirement, courtesy of Goldman Sachs, for all the wonderful work he did fucking over taxpayers.

An extra special bonus in evil:
He worked for Tricky Dick in the 70’s
He is working for Dead-eye Dick in the 00’s.

Can we apply that whole “Responsibility only starts now” thing to our credit card debt?

Fuck these pig fuckers. No good treasonous bastards. Ship the whole lot of them off to the Hague.

genius, and all too plausible . . .

I think the Russians are probably smart enough to write in an exemption on line 28 of page 53, requiring an additional percentage of Fort Knox as fair compensation for feeding and controlling Palin as well as the McCain campaign has.

They’re certainly too smart to tolerate that … woman… for anything less than $20 million/week, judging the hardship duty involved.