It's often as much about what is NOT said or written...

Thanks to Mish...

Rep. Brad Sherman On Bailing Out Foreign Investors

Rep. Brad Sherman:

Larry you have to read the bill. It's very clear. The Bank of Shanghai can transfer all of its toxic assets to the Bank of Shanghai of Los Angeles which can then sell them the next day to the Treasury. I had a provision to say if it wasn't owned by an American entity even a subsidiary, but at least an entity in the US, the Treasury can't buy it. It was rejected.

The bill is very clear. Assets now held in China and London can be sold to US entities on Monday and then sold to the Treasury on Tuesday. Paulson has made it clear he will recommend a veto of any bill that contained a clear provision that said if Americans did not own the asset on September 20th that it can't be sold to the Treasury.

Hundreds of billions of dollars are going to bail out foreign investors. They know it, they demanded it and the bill has been carefully written to make sure that can happen.

Here is a video clip explaining the foriegn bailout of the banksters with the MSNBC clip emedded near the beginning.

http://www.youtube.com/watch?v=Q4AvbYUu1Mg

It is outrageous that the US taxpayer will bail out Chinese, Japanese, British, Aistrailian, etc., toxic debt.

GROCK, just went there and got this: This video has been removed by the user.

It didn't say anything about the bailout having to include foreign interests in order to protect the derivative market did it?

Hello Ignatz, that is very curious! Yes there is a provision that would allow foreign banks that have an American presence to dump toxic financial instruments onto the "bailout" plan. I am concerned that we are witnessing the clampdown of free-speech.

Found the link directly to his website:

http://market-ticker.denninger.net/archives/596-The-TRUTH-About-The-Bail...

Did the Big-Boyz come down on YouTube? Was it swamping their servers? If so that would be good but if it was the Plutocrats taking him off then the fix is in.

THE FIX IS IN, THE PATRICIAN SENATE CARES MORE ABOUT THE BANKSTERS AND FOREIGN BANKS THAN THE WORKERS AND MIDDLE CLASS.

NO TAXATION WITHOUT REPRESENTATIUON:THE SENATE HAS LOST ITS RESPECT FROM THE AMERICAN PEOPLE, NOW THE HOUSE WILL BE TESTED AGAIN.

Hello Ignatz, that is very curious! Yes there is a provision that would allow foreign banks that have an American presence to dump toxic financial instruments onto the "bailout" plan. I am concerned that we are witnessing the clampdown of free-speech.

Found the link directly to his website:

http://market-ticker.denninger.net/archives/596-The-TRUTH-About-The-Bail...

Did the Big-Boyz come down on YouTube? Was it swamping their servers? If so that would be good but if it was the Plutocrats taking him off then the fix is in.

It's not curious, it's a choice.

If they do not allow foreign banks to liquidate the toxic debt they then no foreigner will touch US assets or the $. All the dollars held abroad will be repatriated and the dollar is toast.

So either they hyper inflate or the dollar is toast, and if they do inflate then the $ is toast anyway.

That is the true dilema and there is now no way out. All they can hope for is to stall for time.

When the crissis hits in full global trade will collapse.

Since the US is importing so much oil there will then be an immediate energy crisis for the US. Followed by war or should I say more war.

Thanks musashi, All the rape you can stand in less than one minute?:)

youtube does other things to hide inconvenient videos - like the complete SNL Palin/Clinton skit video address, which youtube kept replacing with a shorter FOX News report on the skit instead.

I have lost respect for YouTube then.

My son sent me an URL for the SNL Palin spoof: http://www.nbc.com/Saturday_Night_Live/video/clips/couric-palin-open/704...

I just checked it, it still is there.

My son sent me an URL for the SNL Palin spoof: http://www.nbc.com/Saturday_Night_Live/video/clips/couric-palin-open/704...

I just checked it, it still is there.