Comments on: Where’s the Bailout Money Gone?! http://www.bankaholic.com/where-bailout-money-gone/ Compare the Best CD (Certificate of Deposit) Rates, Highest Money Market Rates, Best Savings Accounts, Bank Deals, Interest Rates and Bank Reviews! Fri, 20 Nov 2009 16:50:23 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Fred http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-154263 Fred Wed, 21 Jan 2009 01:58:44 +0000 http://www.bankaholic.com/?p=830#comment-154263 Forgot to point out that EO 01111 is still on the books, it has never been repealed by subsequent Presidents. But it has never been acted upon by the Treasury. Forgot to point out that EO 01111 is still on the books, it has never been repealed by subsequent Presidents. But it has never been acted upon by the Treasury.

]]> By: Fred http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-154262 Fred Wed, 21 Jan 2009 01:57:24 +0000 http://www.bankaholic.com/?p=830#comment-154262 Interesting article. Note, executive order 01111, signed by President Kennedy empowered the Treasury to issue money against all silver held by the Federal government, in effect, put the Fed out of business. He was assassinated within a short few months after he signed this order. Immediately after his demise, all silver backed dollars were taken out of circulation by the Treasury. When President Wilson signed the act to create the Fed, it is reported he asked forgiveness from God prior to signing it. It is reported that he was obliged to do so, since the bankers had bankrolled his campaign for the Presidency. Interesting article. Note, executive order 01111, signed by President Kennedy empowered the Treasury to issue money against all silver held by the Federal government, in effect, put the Fed out of business. He was assassinated within a short few months after he signed this order. Immediately after his demise, all silver backed dollars were taken out of circulation by the Treasury. When President Wilson signed the act to create the Fed, it is reported he asked forgiveness from God prior to signing it. It is reported that he was obliged to do so, since the bankers had bankrolled his campaign for the Presidency.

]]> By: Rick http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-153602 Rick Thu, 15 Jan 2009 15:09:47 +0000 http://www.bankaholic.com/?p=830#comment-153602 Pilot Bank has great CD and Money Market rates. Check them out! WWW.PILOTBANK.COM Pilot Bank has great CD and Money Market rates. Check them out!

http://WWW.PILOTBANK.COM

]]> By: Sara http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-152522 Sara Tue, 06 Jan 2009 23:23:39 +0000 http://www.bankaholic.com/?p=830#comment-152522 Hi, Does anybody knows where can you buy the bailout bonds which are insured by US federal and have APY more than 5%? Thanks, Sara Hi,
Does anybody knows where can you buy the bailout bonds which are insured by US federal and have APY more than 5%?

Thanks,
Sara

]]> By: Proudmale http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-151509 Proudmale Mon, 29 Dec 2008 22:51:16 +0000 http://www.bankaholic.com/?p=830#comment-151509 When will the people start to realize that Government cannot bail them out!! Take the above comment about a small incremental spending spree sent to everybody. All that really represents is the taxpayers collectively taking on a lot more debt. Let's illustrate this by going to the extreme. The government could end most people's mortgage problems by giving each of us a $100,000 payment to cover our mortgages with the remainder automatically going into some sort of long term CD (houses are hard to sell need to make this money equally hard to get to). Okay, now most of us do not have any mortgage payments and those of us who have spent our fruitfull years actually paying for our houses, or having made the choice to rent etc. will now have some savings. This mean's that we all will have a lot of money to spend right? I mean it used to be spent on paying for our houses and we have nothing to pay for anymore, since government came in and payed to whole darned thing right? Could not be wronger pal. Let's assume that we sent out this $100,000 government payout to 100 million households. We have just added $10 trillion to the national debt. Get this -- government cannot bail us out, it has no money. We have the money and need to work our way out. The mortgage mess is not hitting most Americans. We view our houses as a place to live, raise our families, and then, as an investment after we have accomplished the first two objectives. It is only those who wanted to go directly to using fixed assets (houses) as an regular investment income (not taliing about well capitalized professionals who can weather a storm) that are hurting. My kids bought houses they could afford. See the above example. Why should they, or I pay for people who speculated on their place to live by buying more than they could afford? I did not see them sending any of the profits into my account when the times were good. Later. Lloyd When will the people start to realize that Government cannot bail them out!! Take the above comment about a small incremental spending spree sent to everybody. All that really represents is the taxpayers collectively taking on a lot more debt. Let’s illustrate this by going to the extreme.

The government could end most people’s mortgage problems by giving each of us a $100,000 payment to cover our mortgages with the remainder automatically going into some sort of long term CD (houses are hard to sell need to make this money equally hard to get to).

Okay, now most of us do not have any mortgage payments and those of us who have spent our fruitfull years actually paying for our houses, or having made the choice to rent etc. will now have some savings. This mean’s that we all will have a lot of money to spend right? I mean it used to be spent on paying for our houses and we have nothing to pay for anymore, since government came in and payed to whole darned thing right?

Could not be wronger pal. Let’s assume that we sent out this $100,000 government payout to 100 million households. We have just added $10 trillion to the national debt. Get this — government cannot bail us out, it has no money. We have the money and need to work our way out.

The mortgage mess is not hitting most Americans. We view our houses as a place to live, raise our families, and then, as an investment after we have accomplished the first two objectives. It is only those who wanted to go directly to using fixed assets (houses) as an regular investment income (not taliing about well capitalized professionals who can weather a storm) that are hurting. My kids bought houses they could afford. See the above example. Why should they, or I pay for people who speculated on their place to live by buying more than they could afford? I did not see them sending any of the profits into my account when the times were good.

Later.

Lloyd

]]> By: Helpme http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-150493 Helpme Tue, 23 Dec 2008 20:02:23 +0000 http://www.bankaholic.com/?p=830#comment-150493 they need to give money to the people that makes this country drive, i am talking about the american people and not ceo that lives in greenwich,ct, we will spend the money alot better than they would anyways bush throw me $150 dollars so i can get a few video games for christmas from www.tycromedia.com they need to give money to the people that makes this country drive, i am talking about the american people and not ceo that lives in greenwich,ct, we will spend the money alot better than they would anyways bush throw me $150 dollars so i can get a few video games for christmas from http://www.tycromedia.com

]]> By: yourbanknet.com http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-150344 yourbanknet.com Mon, 22 Dec 2008 18:37:32 +0000 http://www.bankaholic.com/?p=830#comment-150344 Bernie Madoff's heist; TARP fiasco; and other stories at yourBankNet.com Bernie Madoff’s heist; TARP fiasco; and other stories at yourBankNet.com

]]> By: Nelson http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-149845 Nelson Fri, 19 Dec 2008 16:42:39 +0000 http://www.bankaholic.com/?p=830#comment-149845 Read this: http://www.stopthelie.com/what_is_money.html Inflation is simply taxes in disguise. Read this: http://www.stopthelie.com/what_is_money.html

Inflation is simply taxes in disguise.

]]> By: Jeff http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-149461 Jeff Wed, 17 Dec 2008 16:53:39 +0000 http://www.bankaholic.com/?p=830#comment-149461 John, could you explain why you say the crisis was caused not by subprime problem but by the fact that the Fed is a private company? What specific decisions did the Fed make just because it's a private company? And which of those decisions could cause such a huge crisis? Thanks.. John, could you explain why you say the crisis was caused not by subprime problem but by the fact that the Fed is a private company? What specific decisions did the Fed make just because it’s a private company? And which of those decisions could cause such a huge crisis?

Thanks..

]]> By: eric http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-149119 eric Mon, 15 Dec 2008 21:47:38 +0000 http://www.bankaholic.com/?p=830#comment-149119 Chase is offering a free $50.00 gift card through the 13th of next month. Why not report on that. link: http://bankvibe.com/5000-gift-card-with-new-chase-credit-card/ Chase is offering a free $50.00 gift card through the 13th of next month. Why not report on that.

link:
http://bankvibe.com/5000-gift-card-with-new-chase-credit-card/

]]> By: Craig http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-149110 Craig Mon, 15 Dec 2008 20:48:29 +0000 http://www.bankaholic.com/?p=830#comment-149110 How far they have fallen. I disagree totally with your article, and the crap you allow to be posted on the msg boards? I didn't start reading the side to pick up the latest conspiracy theory, it was for the credit card and bank offers. How far they have fallen. I disagree totally with your article, and the crap you allow to be posted on the msg boards? I didn’t start reading the side to pick up the latest conspiracy theory, it was for the credit card and bank offers.

]]> By: Bankrupt Santa http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-148914 Bankrupt Santa Sun, 14 Dec 2008 05:44:07 +0000 http://www.bankaholic.com/?p=830#comment-148914 Barack Obama announced Wednesday that New Mexico Governor Bill Richardson is his choice for secretary of commerce, which should be an easy job, now that there isn't any. The head of Regal Entertainment says as the recession gets worse, more people are coming to the movies. Because nothing helps you forget your troubles like a $5 Sprite. As stocks dropped sharply on Monday, President Bush urged patience with the government's new $700 billion plan, saying, 'It's going to take a while.' Of the course the good news is, he's never been right. Good news, everybody. That house you couldn't pay for? You're paying for it. The House on Friday passed the $700 billion Wall Street bailout package. President Bush then signed the bill into law after consulting with his economic advisers, M.C. Hammer, Ed McMahon and Willie Nelson. Treasury Secretary Henry Paulson said that the proposed bailout plan will cost taxpayers $700 billion. To give you an idea how much money that is, I can't give you an idea of how much money that is. Bill Gates, Warren Buffett and Lawrence Ellison topped the Forbes list of the top ten richest people in the U.S., having a combined wealth, as of Friday, of nearly $8,000. Ho Ho Ho Barack Obama announced Wednesday that New Mexico Governor Bill Richardson is his choice for secretary of commerce, which should be an easy job, now that there isn’t any.

The head of Regal Entertainment says as the recession gets worse, more people are coming to the movies. Because nothing helps you forget your troubles like a $5 Sprite.
As stocks dropped sharply on Monday, President Bush urged patience with the government’s new $700 billion plan, saying, ‘It’s going to take a while.’ Of the course the good news is, he’s never been right.

Good news, everybody. That house you couldn’t pay for? You’re paying for it. The House on Friday passed the $700 billion Wall Street bailout package. President Bush then signed the bill into law after consulting with his economic advisers, M.C. Hammer, Ed McMahon and Willie Nelson.

Treasury Secretary Henry Paulson said that the proposed bailout plan will cost taxpayers $700 billion. To give you an idea how much money that is, I can’t give you an idea of how much money that is.

Bill Gates, Warren Buffett and Lawrence Ellison topped the Forbes list of the top ten richest people in the U.S., having a combined wealth, as of Friday, of nearly $8,000.

Ho Ho Ho

]]> By: Bankrupt Santa http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-148913 Bankrupt Santa Sun, 14 Dec 2008 05:41:43 +0000 http://www.bankaholic.com/?p=830#comment-148913 Big relief today. The stock market is up 270. My 401(k) is now only practically worthless. Folks, this is great, because yesterday the Dow fell almost 700 ... dows. Money points? Stockos? 700 stockos. Now personally, I blame the geniuses at the National Bureau of Economic Research, who thought it would be a good idea to announce yesterday that we are now in a recession. Terrible move. Everyone knows you keep bad news to yourself, holding it deep inside, until eventually it kills you. There is more good news, folks. Today the Dow made a comeback, gaining 936 points! Henry Paulson's plan to change his plan to whatever the Europeans are planning is working. That is such a big one-day jump. I wouldn't be surprised if John McCain resumed his campaign. I think this unprecedented financial crisis is great news for George Bush. Now this will be the president's lasting legacy! It will cover up all the things that were going to be his legacy! I mean, just think of Iraq, torture, wiretapping, Katrina as little paint drips on the floor of his presidency. This financial disaster is like painting the whole floor! Now I don't see any mistakes. It really freshens the place up. Now, sure people in New Orleans' ninth word still don't have houses. But soon neither will anyone. We are in an economic tail spin. It's a nightmare on Wall Street, and a once in a century financial crisis. Of course, the New York Times called the crisis 'a wolf howling at the door.' Wrong! No one's got money for doors anymore! It's a wolf howling at our cardboard flaps. Big relief today. The stock market is up 270. My 401(k) is now only practically worthless. Folks, this is great, because yesterday the Dow fell almost 700 … dows. Money points? Stockos? 700 stockos. Now personally, I blame the geniuses at the National Bureau of Economic Research, who thought it would be a good idea to announce yesterday that we are now in a recession. Terrible move. Everyone knows you keep bad news to yourself, holding it deep inside, until eventually it kills you.

There is more good news, folks. Today the Dow made a comeback, gaining 936 points! Henry Paulson’s plan to change his plan to whatever the Europeans are planning is working. That is such a big one-day jump. I wouldn’t be surprised if John McCain resumed his campaign.

I think this unprecedented financial crisis is great news for George Bush. Now this will be the president’s lasting legacy! It will cover up all the things that were going to be his legacy! I mean, just think of Iraq, torture, wiretapping, Katrina as little paint drips on the floor of his presidency. This financial disaster is like painting the whole floor! Now I don’t see any mistakes. It really freshens the place up. Now, sure people in New Orleans’ ninth word still don’t have houses. But soon neither will anyone.
We are in an economic tail spin. It’s a nightmare on Wall Street, and a once in a century financial crisis. Of course, the New York Times called the crisis ‘a wolf howling at the door.’ Wrong! No one’s got money for doors anymore! It’s a wolf howling at our cardboard flaps.

]]> By: Bankrupt Santa http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-148908 Bankrupt Santa Sun, 14 Dec 2008 05:15:40 +0000 http://www.bankaholic.com/?p=830#comment-148908 Ho Ho Ho, Tom is realy Mr. Wu, Ho Ho Ho. Ho Ho Ho, Tom is realy Mr. Wu, Ho Ho Ho.

]]> By: Tom http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-148905 Tom Sun, 14 Dec 2008 04:43:00 +0000 http://www.bankaholic.com/?p=830#comment-148905 I love all the bashing on Johns.. I smell so much jealousy, it's sick. Instead of bashing about his buyout, why not build a site and get bought out yourself? Hard work can get you a nice paycheck. BTW, MoneyAisle sucks. Do a search and you get maybe the 10th best rate on the market, if that. BankRate is a powerhouse when it comes to anything rates and always will be for a while. I love all the bashing on Johns.. I smell so much jealousy, it’s sick. Instead of bashing about his buyout, why not build a site and get bought out yourself? Hard work can get you a nice paycheck.

BTW, MoneyAisle sucks. Do a search and you get maybe the 10th best rate on the market, if that. BankRate is a powerhouse when it comes to anything rates and always will be for a while.

]]> By: Skanks http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-148904 Skanks Sun, 14 Dec 2008 04:37:00 +0000 http://www.bankaholic.com/?p=830#comment-148904 Funny how congress only took 2 weeks to agree to give the banks 700 billion but are making a big deal over 15 billion for the auto makers. I do not want the automakers to get a dime just as I did not want the bank to, but find this situation a bit odd. I guess the banks greased the corrupt congress squeaky wheel real good. Funny how congress only took 2 weeks to agree to give the banks 700 billion but are making a big deal over 15 billion for the auto makers. I do not want the automakers to get a dime just as I did not want the bank to, but find this situation a bit odd.

I guess the banks greased the corrupt congress squeaky wheel real good.

]]> By: bankmode http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-148890 bankmode Sun, 14 Dec 2008 03:01:28 +0000 http://www.bankaholic.com/?p=830#comment-148890 Amen to that, flav a flav. Used to be that on the 15th of every month Wu's girl Melissa would cut us checks. I think he fired her, or she quit or something. At any rate, the "helper" network hasn't been paid in 2 months. Amen to that, flav a flav. Used to be that on the 15th of every month Wu’s girl Melissa would cut us checks. I think he fired her, or she quit or something. At any rate, the “helper” network hasn’t been paid in 2 months.

]]> By: Gabe http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-148869 Gabe Sat, 13 Dec 2008 22:18:37 +0000 http://www.bankaholic.com/?p=830#comment-148869 Goodness, John you sure do get a lot of fan comments. I'm sure all of them are real. I posted an article about your article. Yes! So good! So good! I've looked at other sites, but yours is the best, except of course for Bankrate.com, where they have fair, objective and free information. Goodness, John you sure do get a lot of fan comments. I’m sure all of them are real. I posted an article about your article. Yes! So good! So good!
I’ve looked at other sites, but yours is the best, except of course for Bankrate.com, where they have fair, objective and free information.

]]> By: Gabe http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-148851 Gabe Sat, 13 Dec 2008 18:56:01 +0000 http://www.bankaholic.com/?p=830#comment-148851 Wow, John you sure do get a lot of fan comments. I posted an article about your blog. Kudos for the post. I've checked out Moneyaisle but I still like Bankrate's website they got a lot of helpful articles, calculator, and more on menu selections. Wow, John you sure do get a lot of fan comments. I posted an article about your blog. Kudos for the post.

I’ve checked out Moneyaisle but I still like Bankrate’s website they got a lot of helpful articles, calculator, and more on menu selections.

]]> By: @edog http://www.bankaholic.com/where-bailout-money-gone/comment-page-1/#comment-148811 @edog Sat, 13 Dec 2008 13:47:51 +0000 http://www.bankaholic.com/?p=830#comment-148811 If you deposit money in an FDIC insured account, it is insured up to $250,000. by a Certificate of Deposit here because it is a turstworthy sight. If you deposit money in an FDIC insured account, it is insured up to $250,000. by a Certificate of Deposit here because it is a turstworthy sight.

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