If Jp morgan is doing so good why do they need to be bailed out....

I love this story. Surely it echoes the minds of most American tax payers! Go get them! Let the blood letting begin!

at $2trillion, we are talking more than US companies being backed by the NY Fed. We are talking about foreign entities and that is the real reason for non disclosure. it doesn't hurt that the NY Fed isn't subject to FOIA requests either. If people find out that NY Fed is shoring up foreign entities, congress will start crying foul and people will be angry about using taxpayer money to shore up foreign entities. this would be bad and unfounded, because foreigners own most of the paper for our national debt. political posturing isn't good towards the confidence of the foreign entities. they would simply start calling their chips and that would have grave consequences. sometimes you shouldn't ask a question if you don't like the answer or want to know the answer.

That's funny because china just offered up a 600 billion dollar bailout. Makes you wonder where that came from.

There's a big can of worms that this administration has been keeping sealed. For the sake of taxpayers I sure hope it gets opened under Obama.

Sam
http://tickertoday.blogspot.com

I believe that Bush has found a law that forbids the opening of any of Bush's orders. I think the news says it was started when Nixon was in office and Bush is thinking about using it. I am getting really confused with what the American taxpayer is bailing out. Obviously the current administration doesn't think Americans deserve to bail themselves out.

Why doesn't the author of the article identify who the "very powerful members of Congress" are? The American people should be kept informed as to which Congressmen are doing whatever . . . "good" or "bad". Bush's actions show a disdain and diregard for the people's right to know; hopefully he will eventually be charged with malfeasance in office.

One of the greatest travesty of all will be if it is unequivocally true that Bush and Cheney are subsequently documented to be guilty of malfeasance and are not prosecuted to the fullest extent of the Law for such actions.

An example needs to be established to secure the integrity of the two highest offices in our government. The damage that has been committed against/caused by Bush's policies and actions is unprecedented in American history. The man has caused unconscionable unwarranted destruction, economic and psychological damage, and economic damage to literally BILLIONS of innocent people in the world.

Yes, Congress has been almost equally complicit in all of this; but more than anyone, George Bush is principly responsible. I can only wonder if the historians recent categorization of Bush's "incompetence" doesn't later change to charges of outright blatant acts of malfeasance.

Go ahead and let them call their chips. Then all we have to do is refuse the call. This is stop them from ever investing here again and that will be a good thing. We are America survive or die by our own hands,,, not at the hand of a foreigner. What a crock of $hit. We need to start this country over to get back on the correct path,,, so be it. Let the blood flow ! CRASH ! CRASH ! CRASH !

You don't think Congressional leaders know all the details ? Please, nobody who's made their way to this paige is that niave.

Bush has made such a mess of everything by his relentless policies of supporting business and board rooms at the expense of the middle class that the American taxpayers are loosing faith in their government, and that will prove very dangerous to business.

And Obama may not want people to know:
http://www.outragedpatriots.com/Debbie%20Schlussel%20-%20Obama%20SS%20reg.htm

Most people don't know that the FEDeral Reserve is just like FEDEX a private entity.
J.P. Morgan and other started the Fed, so now they are lending to themselves and their friends with this bailout.
This "crisis" is planned and right on course.
Have no illusions that OBama will improve this. This could only happen with the full approval of the democrat and republican traitors in our government. If you voted republican or democrat, you are part of the problem.

One can only wonder how George Bush can rationalize the totally unwarranted and unprecedented levels of destruction, economic and social damage, and human suffering and deaths that have been DIRECTLY and indirectly casued by his presidency . . . his incompetence, his malfeasance, and his misguided sense and ideology of "patriotism".

The end results speak for itself, doesn't it.? He started off by "inheriting" the LARGEST BUDGETARY SURPLUS" in American history . . . and is leaving both the USA and now even the world in shambles. Basically he accomplished the objectives that bin Laden has espoused. George Bush became the equivalent of "our enemy within". The results of his "presidency" has done MORE DAMAGE than ANY of the terrorist groups could have EVER ACCOMPLISHED on their own.

Both bin Laden, and the MAJORITY of the 9/11 terrorists were from Saudi Arabia, who the Bush family has touted as being their "friends" for decades. (And they rather subtly made fun of GWB on his last visit there.)

One can only wonder why Bush chose to invade Iraq, other than to seek revenge against Saddam for his earlier plot to assinate GHB years ago, and for the opportunity to gain control of the Iraqi oil. The disastrous and incompent results stands on its own as the GREATEST POLITICAL NAD MILITARY BLUNDER in American history . . . and a "CRIME AGAINST HUMANITY".

It will be "interesting to see what is revealed about his presidency after he leaves office. . . . and whether he is subsequently charged with malfeasance. UNPRECEDENTED TIMES DO CALL FOR UNPRECEDENTED ACTIONS. We need to restore deceny and integrity to our government, don't we?

obama will save us,bush and cheney are the evil one's. you people arrrrrrre nuts.Congress is the entity that writes the laws and spends the money,the only time they pull together is to vote for stimulus (the middle class) which is actually vote buyng with the publics money or tax breaks which is vote buying and class warfare.WE NEED A THIRD PARTY!