Super Stock Blog

Americans were courted and wooed by smooth talking investment companies through their employers to put their hard-earned dollars into an economic system that is largely based on speculation that we are finding out now was baseless and had no actual tangible foundation.

Have you truly stopped to consider what your financial retirement future might possibly be like now that they have squandered your money?

Is this the biggest FRAUD perpetuated against the citizens of the United States of America?

oh yea.. my 401? it's a 205now.. guess the news flash from yesterday would be well received on this question

"Bailout Includes Secretive, Possibly Illegal $140B Windfall for Banks ?
The Washington Post has revealed the recent $700 billion taxpayer bailout of Wall Street contains a possibly illegal provision that stands to give American banks a massive windfall. as part of the bailout, lawmakers changed tax code Section 382, which limits the kinds of tax shelters companies can use during corporate mergers. it was created to stop companies who avoid paying taxes by acquiring shell companies valued by the losses on their stocks"

The companies would then write off the losses and avoid paying taxes on their own profits. Taxpayers stand to lose some $140 billion from the move. Experts say the Treasury had no legal authority to eliminate the tax measure"

"Republicans have been trying to overhaul or eliminate it since its introduction in 1986. Congressional aides admitted lawmakers agreed to keep the change hidden to avoid public outrage. Staffers with Senate Finance Committee chair, Max Baucus, a Democrat, reportedly asked that an administration briefing on the tax code change be kept secret. One congressional aide said, “We’re all nervous about saying that this was illegal because of our fears about the marketplace. to the extent we want to try to publicly stop this, we’re going to be gumming up some important deals.”

Because most of them are liberals and democrats and they are the ones doing the fleecing. Just wait til barrack takes office. Whoopie! we will become a 3rd world country.

IS THIS a JOKE QUESTION?

HOW MUCH MORE ANGRY CAN YOU GET

THAN KICKING OUT THE GOVERNMENT

AND ELECTING a BLACK PRESIDENT IN a FORMERLY

RACIST NATION WHICH HAS THE KKK AND LYNCHING.

CERTAINLY VERY STRANGE FRUIT.

I'm highly outraged, Kelly, but the American people put the wrong party in charge to get anything done about it.

I don't see Pelosi or Reid conducting impartial senate or house hearings to find out what happened and who's to blame. I see more butt-covering coming.

Your Dems in Congress are already talking about taxing 401k's. Wake up, Dems.

I think plenty of Americans are outraged about this situation. And AIG just keeps partying with our money like it's new Years. And as for being the 'biggest' fraud? Well, one would think so but personally I think they've got something even bigger up their sleeve. And I'm not too anxious to find out what it is either.

Apparently we are the ADD generation. Most of the people that voted for that nonsense were re-elected.

This is indeed a huge fraud, and our children will read about it in their history classes.

Boy, there's a few answerers here with quick fingers but slow minds followed by lots of good answers.

I'd say it's because when you get frustrated and angry with no real outlet bad things can happen.

The media doesn't seem interested in demonizing Phil Gramm and his GOP buddies – the folks who sparked the current mess with their successful push for deregulation of financial institutions in the late 1990s.

And Gramm had the nerve to refer to Americans as a 'Nation of Whiners' who dreamed up a 'Mental Recession'.

What a scumbag.

.

I can only tell you what I see. I own a small shop (Head Shop) and every person that comes in – is outraged by the whole deal. the problem is, they have been lead to believe that there is nothing “we” can do about it. Most people I talk to, think nothing will change until we have a revolution.

Why bother? all we need is some responsible management and someone that cares about America and its people. Too bad the president elect and his wife are so anti-American. It's well documented …in print and video, not just opinions. And bring on the Dems! . they've been in control for a couple of years. See how well they've handled our economy? Well, expect more of it. I've given up on anything good coming from our government. after all, we'll get used to communism. we won't have to make decisions for ourselves….Obama and his Black Panther regime will.

Yes but what the hell can we do about it? Nothing. so being outraged won't do any good.

And if Republicans believe in fiscal responsibility then why did Bush bail those companies out?

We were, thats why we got rid of the corrupt republican party. I know Barney Frank and the rest of the evil liberals were the only ones that had their hands in the pot. the biggest fraud of the US is the weapons of mass destruction. You'll see under the democratic watch the economy will stabilize.

one word….

Sheeple

I'm with you, but what can we do about it except elect a guy who is going to fix it. I surely can't. I would like to be put in a room with a couple of CEOs for a couple of minutes with a baseball bat though.

What makes you think we are not outraged? For me, it is no big deal because I am already retired but I do understand the plight of those who had put money into a 401K or similar program and now have only a small portion of it remaining. many were approaching retirement age and had prepared for years to make their retirement years reasonably comfortable but now are faced with having to continue working just to survive. I lost more than half of mine in the last recession and ended up taking a loss by the time I cashed it out because I needed it THEN. the greed and corruption on all fronts (including those sitting in Washington house and senate) totally ignored the warning signs because they didn't want to acknowledge that THEIR Golden Goose was about to die.

I am more outraged by the ridiculousness of the bailout package delivered to AIG, Fannie and Freddie and the other big banking institutions. the idea that money was needed to be made available to people so they could borrow in order to continue running a business (which means jobs) was a decent one, but as usual, the government failed to assure that the money would be used for that purpose, so the banks and AIG are using it for their purposes instead. Shoring up their own stock value, buying other banks….and AIG used a helfty sum for two very extravagant executive retreats. AIG has just yesterday been granted additional bailout monies. What is wrong with our government? Does money in their pocket make them blind to what they are doing to our country and it's people? Now the big three car companies are coming for a handout as well. Unfortunate but true, if they don't get it, it will mean the loss of probably close to a million jobs…for them specifically and for their suppliers.

I know I can't do anything to fix things for the moment, but I am joining with many others that intend to "Clean House" in Washington. we would be better off with a bunch of idealistic young people running things. they may be inexperieced…but maybe that is not so bad after all. even though I did not vote for him, I sincerely hope mr. Obama will be up to the monumental task that lies before him. He is going to have to change an awful lot though…beginning with his dedication to party politics. if he is the man he claims to be, he can force the kind of changes in the house and senate that this country needs. if he is what many think he is, then it will be just another four years of spending and disregard for the people. But, in two years, an election is going to take place again….and I intend to work as hard as I can to see to it that someone without heavy party ties gets elected.

I'm mad as hell and probably will continue to take it for lack of a better option.

I don't know, I'm pretty pissed off about it, I've got two creepy Reps that are responsible for this mess that I harass regularly, and neither one listens, no one seems to care. I think as long as people have their iPods, laptops, cable, beer and lottery tickets, they really aren't going to care. I don't know what it's going to take, but my blood pressure has been up twenty points since the bail out, and I have no idea what the answer is.

I am mad at freddie and fannie and their democratic supporters.

Same reason they just voted in Obama.

I noticed all people wanting bail out money are asking Pelosi…Isn't Pelosi a Democrat? so Pelosi has the upper hand to make these decisions not Bush….I am sure this bail out was REQUESTED by the Democrats… also if the dems are so smart and new Bush was screwing us, WHY did they not come out of the closet about all this stuff 1,2,3,4,5,6,7,8 years ago?

We are, but most of us are not influential enough to do anything about it.

Livid.

Now we are being expected to subsidize the failing automakers who are mired in outrageous union contracts and inappropriate products.
Half the auto industry is thriving, in right to work states with products the consumers want.

The sooner these leeching companies collapse, the sooner they can be replaced with competitive profitable auto making companies.

Who's next?
When will the government manipulation that mires our economy end???

Guess why we kicked out the Republicans?

And being outraged would help how exactly?

Isn't it a bit alarming that the MSM has not had one of those "how did This Happen" news specials? I wonder why? What have they been hiding? who have they been protecting?

Whenever any other thing of this magnitude has happened the media is all over it for weeks. Columbine, Katrina, etc………Yet we have the biggest financial crisis of our history and the media has gone silent.

Interesting don't you think.

The democrats are the ones at fault for our current economic mess due to the sub prime meltdown.

I am outraged, and have been for quite some time. I'm afraid that the US economy has been set up to fail, so that more extreme government controls can be put into place. And it's not a matter of failed Bush policies – that's part of the plan! My first clue was when Bush and Pelosi lined up on the same side for the first bailout.

And with a little research, I found out that Clinton, Bush 1 and 2, Obama, and others are really all on the same side – to promote the destruction of the free -enterprise system in the US in favor of restrictive government control and elimination of the middle class. the out right highway robbery of taxpayer dollars in the last month for bailout after bailout with no accountability just sets the stage for Obama to finish the job. they are all globalists with the same ideology. they have been working for years to set this up, and people have bought into it through years of liberal propaganda.

At this point, even if we are enraged, there's not much that can be done to stop it other than out and out revolution, and that would only initiate martial law, and the process would go even more quickly!

Goodbye, America.

Wall Street is not the fleecer. the problems we face now are traceable to Freddie and Fannie. McCain warned of it and the Dem Congress turned a deaf ear. Throw in some unethical lenders and appraisers and lots of greedy borrowers and voila!

Because most people aren't aware of it. they hear vague mentions of it in the press, but they put it down to liberal bias. they never check out the facts. An ignorant public is a controllable public.

Seriously why aren't more Americans OUTRAGED over being fleeced by Wall Street & corrupt government officials?