Reply #125: They still have a pipeline into the Treasury via the FED --

[defendandprotect]

Here are some interesting comments on what's going on from another poster --

Why help bail them out in any way?

The whole purpose of the bailout is to save the asses of the private bankers who own the Federal Reserve. The Federal Reserve is neither "Federal," because it's not a government agency but a private for-profit business, nor "Reserve," because it has no money in it.

The Federal Reserve uses us citizens as collateral for producing money out of thin air and then charges us interest on it. If all the banks collapse, so will the Federal Reserve and its grip on our lives. The Federal Reserve has created this crisis. If it sinks, there will be no debtors left on our mortgages -- we'll own our homes free and clear. And that is definitely NOT what the big financial players want. Also, we'll make our own local currencies and economies -- and the rise of this kind of activity during the Depression is what alarmed the big financial players the most and spurred The New Deal.

Now the Treasury Department has sold most of WaMu, including my home loan, at a bargain-basement price to Chase. Why at bargain basement price? Did WaMu's collapse cause my mortgage's balance to decrease, my interest rate to be lowered or my monthly payments to decrease? And why to Chase? Was WaMu in debt to Chase? Shouldn't the assets like mine have gone into the receivership of those to whom WaMu was in debt? Shouldn't I have been given a chance to buy my loan at a bargain-basement price?

The system is set up to keep the vast majority always in debt to a very small minority. This is what builds electronic wealth for this minority.

In the end, however, the whole ship is going down. It doesn't matter whether the bailout happens or not. This empire is imploding, as all empires do eventually. With this implosion will come our reduced pressure on the planet, a curtailment of population growth, and an opportunity like never before for us to manifest localized economies based upon the real wealth of our natural resources, not funny money.