Bill gives Paulson unprecedented power

Welcome to the People's Republic of America.

Is anyone else troubled at the power Goldman Sachs has exercised starting (as far as I know) in the Clinton administration?

Paulson is a man of knowledge in the financial fields and a man of character. What should alarm all however is who the Presidential candidates would put in that post when they take office. That selectee could be a disaster so the question about the power of that position has me scared.

Hello! Scuse me. We, out here, are absolutely transfixed by all this! Seems that you started it all in 1773 with the glory of “The Boston Tea Party.". Is it all to end, then, ignominiously with the shame of the Goldman Sach's "Washington Wall Street Champagne Party."? What then the intelligence of these Washington Government people; when they cannot see the ridicule and shame that will be heaped on them by history after these unbelievably obscene Golden Parachutes! Stanley O'Neal Company: Merrill Lynch Total: $161 million Charles Prince Company: Citigroup Total: $105 million Angelo Mozilo Company: Countrywide Total: $56 million Kerry Killinger Company: Washington Mutual Total: $44 million Ken Thompson Company: Wachovia Total: $42 million Richard Fuld Company: Lehman Brothers Total: $24 million Alan Fishman Company: Washington Mutual Total: $19 million ( three weeks employment)! John Thain Company: Bear Stearns Total: $9 million (employment less than 1 year!! )! James Cayne Company: Merrill Lynch Total: $13 million Robert Willumstad Company: AIG Total: $22 million (was declined) 'Steve NYC' seemed to quite like this comment suggesting it should be circulated. I'm in Malaysia and don't know much about this stuff. Y'all welcome to plaigarize if this is the case? Perhaps get it to the 'Washington Waiverers' through Joe Barton or such. (Bit of foreign input might be OK-I flew off the Light Fleet Carrier Melbourne in Company with carriers USS Bennington and USS Yorktown a few centuries ago? Just out the window here in Malaysia in the China Seas.)

Does anyone know what the total costs of these herd of 'funding, bailouts, FDIC, and God only knows what is hidden somewhere is going to cost. PRINCIPLE and then estimated interests and of course the "Fees to administer" etc. I seem to have read with the PORK,. the WS welfare plan is $810B.. but for some odd reason the medias keep saying $700B.. or is perhaps no longer, no one, really knows. It seems DC has gone rabidly mad.. as now hear media, Swineators and House of Reprehensible often say "Well maybe a few BIlLION either way" and such.. "a few" BILLION. as it it is no longer real money.. and suspect the world may bsoon confirm dollars are NO longer real money. BUT HAS ANYONE run up TOTAL costs for all this past few weeks madness. hear that FDIC now needs $150B, auto got $25B and no one knows what Fan/Fred will get.. RIP USA. the congress killed you.. as we lost to internal terrorists.. as have most great nations..

oh man. What were they thinking. Did their phones stop working? This is ludicrous. Where is the explanation from the government on exactly why this was needed and exactly HOW this is supposed to fix it? Confused in NY

U.S.S.A. Don't really like the sound of that. How about another Revolution, as the Tree of Liberty seems to be rather thirsty lately.

I have to wonder if there is any "hidden" language in the $850 thousand Million bailout bill/Act, that will PREVENT any criminal investigations of any members of Congress (current or past) or GSE directors/board members or executives in failed businesses (who cashed out in very big ways). Criminal investigations are called for in this situation for all who have profitted by the GSE's or corporations that are "bailed-out" with monies from this Huge Millionare Bailout Act of 2008. I call for criminal investigations for any and all members of Congress (Repub & Dem) that have had anything to do with preventing oversight into the GSE's corruption. The only way to prevent this Corruption Bail-Out Act of 2008 from repeating is to investigate and prosecute anyone/everyone that had any responsibility in permitting this situation (for wrong doing) to take place. An example needs to be made. No Senator has read the Bill before voting on it. No member of the House read the whole bill before voting for it. The President could not have read the bill before SIGNING the bill into and ACT. This is NOT the way our government was meant to work. God shed His grace on Thee, America. American Nationlist

I have to wonder if there is any "hidden" language in the $850 thousand Million bailout bill/Act, that will PREVENT any criminal investigations of any members of Congress (current or past) or GSE directors/board members or executives in failed businesses (who cashed out in very big ways). Criminal investigations are called for in this situation for all who have profitted by the GSE's or corporations that are "bailed-out" with monies from this Huge Millionare Bailout Act of 2008. I call for criminal investigations for any and all members of Congress (Repub & Dem) that have had anything to do with preventing oversight into the GSE's corruption. The only way to prevent this Corruption Bail-Out Act of 2008 from repeating is to investigate and prosecute anyone/everyone that had any responsibility in permitting this situation (for wrong doing) to take place. An example needs to be made. No Senator has read the Bill before voting on it. No member of the House read the whole bill before voting for it. The President could not have read the bill before SIGNING the bill into and ACT. This is NOT the way our government was meant to work. God shed His grace on Thee, America. American Nationalist

PAULSON NEEDS TO GO! Barack Obama's Fannie Mae/Freddie Mac Connection Tuesday, September 16, 2008 By John Gibson Lehman Brothers collapse is traced back to Fannie Mae and Freddie Mac, the two big mortgage banks that got a federal bailout a few weeks ago. Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs. A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 is Sen. Barack Obama. Now remember, he's only been in the Senate four years, but he still managed to grab the No. 2 spot ahead of John Kerry — decades in the Senate — and Chris Dodd, who is chairman of the Senate Banking Committee. Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, some people who couldn't afford them. Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration's White House Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick — Clinton Justice Department official — worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions from his Fannie Mae CEO job. Now remember: Obama's ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain — Sen. Obama —was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks. Sen. Barack Obama: No. 2 on the Fannie/Freddie list of favored politicians after just four short years in the Senate. Next time you see that ad, you might notice he fails to mention that part of the Fannie and Freddie problem. Call the "John Gibson Radio Show" starting at 6 p.m. ET. Find it at XM 168 or Sirius 145 or go to www.gibsonradio.com.

With all the other suspicious information out there about Barack Obama - read this and ask yourself if its JUST a coincidence: http://www.foxnews.com/story/0,2933,432502,00.html

If you really understand the credit market you would believe that we may have given Secretary Paulson too LITTLE power, before this is over. We are facing the economic abyss because of the packaging of good and bad mortgages and then selling these packages worldwide - giving the appearance to the world of economic fraud by the US.