it is more than unchecked greed; there was government intervention. in 1995 the government started pushing and presuring banks to make loans to low income people. that is where the snowball started.
--- On Thu, 9/25/08, Tamar Raine <[log in to unmask]> wrote:
> From: Tamar Raine <[log in to unmask]>
> Subject: Re: more about investigation of finacial giants
> To: [log in to unmask]
> Date: Thursday, September 25, 2008, 10:58 PM
> the execs have got to be fired! and they should pay back the
> millions they got. this is what happens when greed goes
> unchecked. I'd like to actually charge them with
> treason.
>
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> http://www.zazzle.com/TamarMag*
> Tamar Mag Raine
> [log in to unmask]
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
>
>
> ----- Original Message ----
> From: Kathy <[log in to unmask]>
> To: [log in to unmask]
> Sent: Thursday, September 25, 2008 2:06:11 AM
> Subject: Re: more about investigation of finacial giants
>
> Actually if the IRS were to consider this ordinary income
> which I hope
> it would, the rate would be more like 42% and that would
> make it
> $178,500 to the feds in income taxes and $246,500 left -
> assuming of
> course your state and local govts don't take out any
> more taxes. Also,
> I'd bet a large portion of the population wouldn't
> see a penny of this -
> those who are in prision, those who owe back taxes etc
> etc. I prefer to
> shore up the banks and not pay a single penny to the
> executives.
>
> Kat
>
> Joy Liebeskind wrote:
> > OK here is a solution being bounced around- Joy
> >
> > This is the way to engineer the bailout
> >
> >
> >
> > I LOVE THIS PROPOSAL !!
> >
> >
> > I'm against the $85,000,000,000.00 bailout of AIG.
> >
> > Instead, I'm in favor of giving $85,000,000,000 to
> America in
> >
> > a We Deserve It Dividend.
> >
> > To make the math simple, let's assume there are
> 200,000,000
> >
> > bonafide adults in the U.S.
> >
> > Our population is about 301,000,000 +/- counting every
> man, woman
> >
> > and child. So 200,000,000 might be a fair stab at
> adults 18 and up..
> >
> > So divide 200 million adults 18+ into $85 billon
> that equals
> > $425,000.00.
> >
> > My plan is to give $425,000 to every person 18+ as a
> >
>
> > We Deserve It Dividend.
> >
> > Of course, it would NOT be tax free.
> >
> > So let's assume a tax rate of 30%.
> >
> > Every individual 18+ has to pay $127,500.00 in taxes.
> >
> > That sends $25,500,000,000 right back to Uncle Sam.
> >
> > But it means that every adult 18+ has $297,500.00 in
> their pocket.
> >
> > A husband and wife has $595,000.00.
> >
> > What would you do with $297,500.00 to $595,000.00 in
> your family?
> >
> > Pay off your mortgage – housing crisis solved.
> >
> > Repay college loans – what a great boost to new
> grads
> >
> > Put away money for college – it'll be there
> >
> > Save in a bank – create money to loan to
> entrepreneurs.
> >
> > Buy a n ew car – create jobs
> >
> > Invest in the market – capital drives growth
> >
> > Pay for your parent's medical insurance – health
> care improves
> >
> >
> > Enable Deadbeat Dads to come clean – or else
> >
> > Remember this is for every adult U S Citizen 18+
> including the folks
> >
> > who lost their jobs at Lehman Brothers and every other
> company
> >
> > that is cutting back. And of course, for those serving
> in our Armed
> > Forces.
> >
> > If we're going to re-distribute wealth let's
> really do it...instead of
> > trickling out
> >
> > a puny $1000.00 ( 'vote buy' ) economic
> incentive.
> >
> > If we're going to do an $85 billion bailout,
> let's bail out every
> > adult U S Citizen 18+!
> >
> > As for AIG – liquidate it.
> >
> > Sell off its parts.
> >
> > Let American General go back to being American
> General.
> >
> > Sell off the real estate.
> >
> > Let the private sector bargain hunters cut it up and
> clean it up.
> >
> > Here's my rationale. We deserve it and AIG
> doesn't.
> >
> > Sure it's a crazy idea that can 'never
> work.'
> >
> > But can you imagine the Coast-To-Coast Block Party!
> >
> > How do you spell Economic Boom?
> >
> > I trust my fellow adult Americans to know how to use
> the $85 Billion
> >
> > We Deserve It Dividend more than I do the geniuses at
> AIG or in
> > Washington DC.
> >
> > And remember, The Birk plan only really costs $59.5
> Billion because
> > $25.5 Billion is returned
> >
> > instantly in taxes to Uncle Sam.
> >
> > Ahhh... I feel so much better getting that off my
> chest.
> >
> >
> > Joy Liebeskind,Coordinator
> > Ct Lifespan Respite Coalition
> > Medical Home Initiative
> > 2138 Silas Deane Highway
> > Rocky Hill, Ct 06067
> > 860-513-0172 877-737-1966
> > fax 860-563-3961 cell 203-641-0679
> > [log in to unmask] CTRESPITE.org
> > Family To Family Health Information Network
> > 2138 Silas Deane Highway
> > Rocky Hill, Ct 06067
> > 860-563-3232 ext 108 866-630-6055
> > fax 860-563-3961 cell 203-641-0679
> > Ct Parent Resource Library
> > CTPARENTRESOURCELIBRARY.org
> >
> >
> >
> >
> >
> > On Sep 24, 2008, at 8:22 PM, Michael H. Collis wrote:
> >
> >> They should investigate. I am learning about
> accounting and
> >> something's not right.
> >>
> >> ---- Original message ----
> >>> Date: Tue, 23 Sep 2008 19:18:54 -0700
> >>> From: ken barber <[log in to unmask]>
> >>> Subject: more about investigation of finacial
> giants
> >>> To: [log in to unmask]
> >>>
> >>>
> http://news.yahoo.com/s/ap/20080924/ap_on_go_ca_st_pe/financial_meltdown_investigation
>
> >>>
> >>>
> >>>
> >>> i do hope this gets to the politicians behind
> all this. there are
> >>> those that benefited.
> >>>
>
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