Glen Beck's thought process is a freakin' mess:

While interviewing Sen. Jim DeMint (R-SC) on his CNN Headline News show last night, right-wing talker Glenn Beck declared that there’s “nobody in Washington that anybody trusts anymore.” Saying that he’d “like oversight” of the money Congress is allocating for the bailout of the financial system, Beck suggested Gen. David Petraeus would be the perfect person to provide the oversight:

Forbes, just yesterday, let the truth slip out about how the bail out would artificially keep your cost of living higher. Today, Time Magazine tells you to your face the facts about a bail out:

Let Risk-Taking Financial Institutions Fail
By Ari J. Officer and Lawrence H. Officer

Follow the money. Average Joes and Janes are not the holders of the other side of complicated, over-the-counter derivatives contracts. Rather, hedge funds are the main holders. The bailout will involve a transfer of wealth — from the American people to financial institutions engaging in reckless speculation — that will be the greatest in history.

Rescuing financial institutions is not the best solution.

Information and facts are the only things that will protect you from any attempts by the government to take your money and hand it over to the support the lavish lifestyles of these corrupt, reckless and foolish bankers.

I know you just got whiplash saying "WTF???" when you read that title BUT...

You do realize we are talking about bailing out the OIL and ENERGY MARKETS too?

Did they mention the hand outs to these criminal bankers would have you paying for it at the pump? Or for the food you eat? Your electric bill? Oh... They didn't mention that part to you, did they?

As the Fed prints more money from their magical money tree and bails out these banks there is a legitimate concern with people's investment portfolios... BUT there is a huge flip side to this Bush league manufactured crisis that comes in higher prices for real things you need everyday (not scraps of paper with zero value designed to make bankers rich on commissions) coupled with a devalued dollar.

Originally published 2008-09-25 05:41:19 -1000. Promoted by Roxy.

Dealing in Debt!!

Everyone, almost, is in a complete Rage at what is happening, and has been allowed to happen by not only soft regulation but the ease on any regulation in the Banking Industry, Morgage Industry, Wall Street, and in a Rage you should be.

But want a better picture of the who got us here any why, leave your computer and go to the nearest mirror and take a Good Hard Long Look at the reflection coming back, Yep Folks, it's most of you, and the rest of the shit hasn't yet hit the fan, but it's quickly coming!

Remember the clowns you hire to represent you in Washington, and local and state, are your clowns, you pay them.

Given what we know about the closed door meetings on Capitol Hill, I want to know what the meeting insiders - from the corrupt Bush administration on down to the supposedly surprised Senators and Representatives and including all of the other government officials that have known or just found out about this - have done with their own investment portfolios in the last little while.

Posted with permission by permission of Nicholas Benton owner/editor of the Falls Church News Press

In his editorial Benton refers to recent Senate testimony by George Soros and Michael Greenberger, former head of the Commodity Futures Trading Commission. Greenberger was one of three guests today on the Diane Rehm show which was devoted the a discussion of this topic. After reading Benton's editorial below readers might want to listen extremely interesting discussion about the necessity of reintroducing regulations in the commodities markets. Two of the three speakers debunked the idea that the price rise was primarily a question of supply and demand.The discussion also covered the question of future interests, inflation and the sinking. value of the dollar.

It is an hour long but I found it to be well worth the time. You can listen here

Seems like Chairman Bernanke is urging banks to offer a deal to borrowers by forgiving part of their mortgages. Well, they're supposed to be borrowers who look like they will have trouble meeting hire interest rates or refinancing. But hey, I've got my troubles, haven't y'all. Seems to me it might be time for a "rent strike" like in the 'sixties only this time round it would be a mortgage strike.