Land Shark

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Mon Sep-29-08 08:28 AM
Original message

BAILOUT=BANK ROBBERY: Robbers Create the CRISIS, demand Big $$ FAST, threaten dire consequences

Edited on Mon Sep-29-08 08:43 AM by Land Shark

BAILOUT = BANK ROBBERY

THE CLEAR PARALLELS AT LEAST FIVE (Please Post links for more parallels or factual support for parallels)

1. Robbers Create the CRISIS,

2. demand Big $$ FAST, with no real strings attached

3. they've no real existing RIGHTS to Big $$ FAST, it's NOT THEIR MONEY;

4. threaten dire consequences if they don't get the Big $$ Fast, and

5. always say "STAY CALM, AND NOBODY GETS HURT"

Friends, fellow Americans, DUers, can not every thing that has been said about the bailout fit the above scenario? This frame apparently explains the whole situation, and the whole debate on DU and in the media.

For one, Michael Moore today calls this bill nothing less than a "coup" against the American people. But let's look at the facts.

A half dozen or more DU threads can be classed as summarizing the claims of "dire consequences" (more failures, borrowing problems, economic damage, etc.) These threats are not controlling, if the threats shouldn't be made.

One thing that should never be done, is Congress, as it does in sec. 119, shouldn't automatically put into effect a STAY, SPECIFICALLY IF SOMEONE PROVES A CONSTITUTIONAL VIOLATION BY THE SECRETARY while appeals continue. As any appellate attorney knows, if there's good cause for a stay, the appellate courts will grant one. Instead, Congress commands that the constitution, EVEN WHEN PROVEN VIOLATED IN A COURT OF LAW, shall not be enforced. Full details and bill language at http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4116021&mesg_id=4116021

But let's calm down to economic science for a bit: A list of 192 economists, a list both wide (even a few international economists) and deep (40 at the Univ of Chicago where it started) says that

the government CAN INSURE A STABLE FINANCIAL SYSTEM �without bailing out particular investors and institutions whose choices proved unwise.� {...} ��its effects will be with us for a generation. For all their recent troubles, America's dynamic and innovative private capital markets have brought the nation unparalleled prosperity. Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.� http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4116569

Economics also teaches that Banks, as Institutions based on trust, Typically DO NOT RECOVER from financial ruin, because that trust cannot be restored. See wikipedia link at http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4116907

Interestingly (in light of the need for confidence) the BAILOUT BANK ROBBERY BILL OF 2008 would, as of October 1, 2008, require affected banks to have ZERO% in capital reserves. Get it? They don't have to have enough money to cover their depositors! See "holy cow, this just jumped out at me..." at http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=4116196

So, do you FEEL TRUST AND CONFIDENCE COMING ON?

That is DON'T EXPECT TO GET YOUR MONEY BACK FROM THE ROBBERS, FOLKS.

You are paying an unknown multiple of hundreds of billions of dollars for a lottery ticket equity stake but at the very moment of the investment, they've changed the law so that no one should have confidence in those banks, which typically don't recover based on trust.

TRUST, generally, is a fragile thing, folks. It is destroyed not only by facts and behavior, but trust is also destroyed by SUSPICION alone.

Unless you are prepared to move your personal IRA of substantial amount over to one of these institutions that need not cover your deposits any more, don't be looking for an upside to this. After all, the one honest part of it is that it's called a bailout.

But rather than make a long post, with the innumerable bank robbery parallels, why don't YOU HELP ME OUT HERE???? How is this "bailout" like a bank robbery, and how not like the bank robbery?

I guess it's NOT like a bank robbery at least in the sense that the bank robbers don't typically remain in charge of the bank into the future, and get immunity at the same time they get the $700 billion in Unmarked (unaccountable) bills.

I'll also add some replies giving further bank robbery parallels. I already showed how section 119 means that the Secretary can't be sued except for an injunction or other equitable relief for a Constitutional violation only, but even if a trial judge finds a constitutional violation, Congress commands that any relief is AUTOMATICALLY STAYED pending appeals.

Now, you wanna bank or do business in an institution that don't need to cover your deposits, and don't need to honor your rights? If not, as a $700 billion or more investor in these institutions based on trust, do you think you have a reasonable expectation of a good return?

HANDS UP! EVERYBODY STAY CALM AND NOBODY GETS HURT! NOW HAND OVER ALL YOUR CASH, OR THIS PLACE IS GONNA GET BLOWN TO HELL.

Yeah, those folks saying "we gotta do this, man" -- I understand where they're coming from. Truly I do. It's understandable to be scared during a bank robbery. Imagine yourself in the the CAPITAL {no pun intended} letters in the paragraph immediately above.

The reasonableness, or rather, the UNDERSTAND-ableness of the FEAR, just like the understandable fear during a bank robbery, doesn't mean I'm gonna hop on DU and say "I'm Land Shark, and I APPROVE this message action by Congress." Dig?

The message is: highway {BANK} robbery.

Parallels? Post now, before it's too late.

No matter what the ultimate truth of 9/11 is on the Pennsylvania flight that crashed, my attitude is this: ETERNAL VIGILANCE, let's find a group of brave patriots and rush the cockpit, rather than cooperate meekly with utter robbery of life and treasure.

"Do not go gently into that good night. Rage, rage against they dying of the light."

Personally, like the story about 9/11, I'd rather go down in a blaze of glory.

"Life free, or die; there are fates worse than death." -- Motto of state of NH, coined by Rev. War General Stark, with second sentence preserved for its full meaning.

Never a criminal defense atty myself, (business law and then election law, primarily) my former partners were, so I helped out with briefs and jury instructions, etc., in a death penalty case for a female client.

Imagine yourself in this position: The prosecutor wanted to strap my client, a woman who never touched anybody but was accused of a contract killing against her daughter's upstairs landlord abuser, onto a gurney and inject her with lethal chemicals until dead. That's something I'd call a real threat.

But you know what? If we weren't able to calm down, not worry our way into poor or rushed decisions, and if we weren't able to just say NO to the other side, the client's life never would have been saved.

Freedom's not for the frightened.

In any negotiation, if you're not prepared to walk away and say NO, you are in REAL TROUBLE -- on a fast track to a raw deal.

Bank robbery in progress.

De-regulators that caused the problems now want $700 billion in un-accountable bills (unmarked bills) or else all hell's going to break loose.

But if we Cooperate -- nobody gets hurt.

See any parallels here, yet?

Desperation makes for bad decisions (for all those who say "we GOTTA do this"). But the gun to our heads is only IMAGINARY. It's called FEAR.

BAILOUT=BANK ROBBERY: Robbers Create the CRISIS, demand Big $$ FAST, threaten dire consequences

BAILOUT = BANK ROBBERYTHE CLEAR PARALLELS AT LEAST FIVE (Please Post links for more parallels or factual support for parallels)

1. Robbers Create the CRISIS, 2. demand Big $$ FAST, with no real strings attached3. they've no real existing RIGHTS to Big $$ FAST, it's NOT THEIR MONEY; 4. threaten dire consequences if they don't get the Big $$ Fast, and 5. always say "STAY CALM, AND NOBODY GETS HURT"