Download the Economic Stabilization Act of 2008 HERE
09-28-2008, 07:33 PM
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Lots of highlights in here, the increase in debt, but what I really like here is that the politicians really scored big time on the oversight you see they were worried about Paulson having total control over the money, so they made an oversight committee that will include, Bernanke, Paulson and the SEC chairman LOL the douchebags that got us into this, the ones they were concerned about having full authority and needing oversight are going to oversee themselves..... UMMMMM that's priceless.
09-28-2008, 07:35 PM
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* The $700 billion would be disbursed in stages, with $250 billion made available immediately for the Treasury's use. Bush can authorize another 100 billion, the rest congress has to strike down by popular vote, not vote for, but vote against.
* An oversight board will be created. The board will include the Federal Reserve chairman, the Securities and Exchange Commission chairman, the Federal Home Finance Agency director and the Housing and Urban Development secretary.
* An oversight board will be created. The board will include the Federal Reserve chairman, the Securities and Exchange Commission chairman, the Federal Home Finance Agency director and the Housing and Urban Development secretary.
09-28-2008, 07:43 PM
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Section 132. Authority to Suspend Mark-to-Market Accounting.
Restates the Securities and Exchange Commission's authority to suspend the application of Statement Number 157 of the Financial Accounting Standards Board if the SEC determines that it is in the public interest and protects investors.
Restates the Securities and Exchange Commission's authority to suspend the application of Statement Number 157 of the Financial Accounting Standards Board if the SEC determines that it is in the public interest and protects investors.
When in doubt, WING IT! Now being able to read a balance sheet won't protect you from these thieves, they can legally Enron their accounting and laugh in our faces!
09-28-2008, 07:54 PM
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Originally Posted by phinsup' post='908757' date='Sep 28 2008, 05:43 PM
When in doubt, WING IT! Now being able to read a balance sheet won't protect you from these thieves, they can legally Enron their accounting and laugh in our faces!
what a bunch of crap. this kind of stuff is why people are moving out of the country, they want to live somewhere where the govt is actually serves the people responsibly...
09-29-2008, 04:46 PM
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Originally Posted by defprun' post='908804' date='Sep 29 2008, 05:33 PM
Most of the people leaving are people who are just followers of the Phins movement..
It's not just a "movement," it's a new nation!
Phinsland!
09-29-2008, 05:04 PM
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Originally Posted by defprun' post='908810' date='Sep 29 2008, 05:53 PM
In 20 years it'll have a McDonalds on every corner just like everywhere else.
Well, perhaps, but the menu will include environmentally responsible choices that are easy on the budget!
09-29-2008, 06:57 PM
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as surprising as it is, there is a definite revolution, however minor, brewing in the background. Lots of people in all sorts of situations have the same feelings about the current state of the nation. Like i said in the other post, our nation is far off the original track that was laid down and politicians are now finally pushing people to the edge.
When terrorists attacked everyone said they awoke a sleeping giant.
The true giant isn't the US, but the people within the US. The politicians and economy and "specialists" are now awakening that same sleeping giant.
Always remember, the constitution starts "We the People"
kevin.
When terrorists attacked everyone said they awoke a sleeping giant.
The true giant isn't the US, but the people within the US. The politicians and economy and "specialists" are now awakening that same sleeping giant.
Always remember, the constitution starts "We the People"
kevin.