Posts Tagged ‘barney-frank’

During the first 90 days of the Obama Administration, the global financial system would be plagued by the one threat many well-educated investors most fear: uncertainty.

Reviewing the 2008 Wall Street scandal, a recurring question — for which many members of the U.S. Congress do not have a definitive answer — remains unanswered:

Are U.S. taxpayer supposed to bailout the same Wall Street corporatists — who led the United States and its allies down the path to financial chaos, rendering the U.S. economy insolvent?

Contrary to what U.S. House Speaker Pelosi (D – California) and U.S. House Representative Barney Frank (D – Massachusetts) — Chairman of the House Financial Services Committee — want unsuspecting U.S. taxpayers to believe, the U.S. economy is not looking very well, despite the quick-fix gimmicks both members of the U.S. Congress have proposed: another lame economic recovery and stimulus package proposal.

Still reeling from the bailout of Wall Street (the U.S. financial system), I have opted to post this Weblog entry regarding the American version of the Nigerian 419 scam letter, which I have coined the Wall Street 110-343 Fraud. To protest the so-called Emergency Economic Stabilization Act of 2008, I thought I would post this Weblog entry. No, this is not intend to be humorous. Unlike SNL (Saturday Night Live), I am not laughing at the expense of someone else… I the U.S taxpayer. Please Digg this Weblog entry.

Despite the opposition of angered voters in the U.S., some members of the Democrat-led U.S. House of Representatives, heavily influenced by the corporate dollars of Wall Street lobbyists, still approved the $700 Billion Dollar Wall Street bailout plan over the unified protests of multi-partisan U.S. voters, all of whom have vehemently opposed the moves of the U.S. House of Representatives to pass the U.S. House bill for of the so-called recovery package for Wall Street… a U.S. house bill which will result in forcing millions of already over-burdened U.S. taxpayers to invest in worthless, failing and troubled corporations.

Many Webloggers (bloggers) are joining the Multi-Partisan Political Revolution to bring sanity back to the United States: End partisan politics and political ineptness.

On September 29, 2008, 35 days before the United States presidential and congressional elections of 2008, 133 Republican and 95 Democratic lawmakers, acting on behalf of their congressional constituents, rejected a financial bailout plan, which would have cost U.S. taxpayers approximately $700 billion to bailout the nation’s financial system.