I don’t know how Countrywide can seriously say that they are "on your side." They’re a bank that engages in fractional-reserve banking, which means that they only keep about 10% of the money deposited in the vaults and give away the rest. The banks are basically committing fraud on a massive scale (such as how the government has given a bank cartel it created known as the Federal Reserve the power to create money out of thin air to buy junk investments with)

Thomas Jefferson recognized exactly how dangerous banks are. He was quoted as saying "Banking establishments are more dangerous than standing armies" and that was definitely saying something (especially if you remember how dangerous the Redcoats were).

How long until this bank goes bankrupt?

sources:
http://www.lewrockwell.com/rothbard/rothbard163.html
http://video.google.com/videoplay?docid=-466210540567002553
http://en.wikiquote.org/wiki/Thomas_Jefferson#On_financial_matters

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•I thought Bush’s stimulus rebate checks, deficits & Wall Street bailouts were going to bankrupt our country; depreciate the dollar; and cause the stock market to tank. It never happened. Now Barack Hussein Obama is doing everything Bush did by a factor of 10. I mean, $billions for the car companies; billions for people to buy cars; stimulus spending; trill annual deficit; it’s unreal. Yet the 10-year T-bill is under 4% and the US dollar is holding up. Even unemployment, which is approaching 10%, isn’t as bad as it may seem with unemployment benefits lasting 79 weeks; and tremendous growth in fed’l gov’t hiring.

• In summary, can someone tell me how if the U.S. Gov’t can run up such deficits perpetually? Or are we in the middle of another huge bubble; this one centered around gov’t debt?
Why would anything bad happen when the Chinese stop buying our T-bills? Maybe they’ll buy shares of Exxon & Walmart instead? So what? Why can’t the Fed Resv Bank just keep buying billion of $$’s of bonds & Treasuries? In this manner, interest rates stay very low. And paying interest to the Federal Reserve Bank is like paying ourselves the money. Seriously, as long as the Federal Reserve Bank can own trillions of $$’s of debt, which they can do; then I don’t necessarily see high inflation or massive unemployment.

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http://www.youtube.com/watch?v=nAGzLfmV4Ks

"The 0 billion bailout for Wall Street, is driven by fear not fact. This is too much money in too a short a time going to too few people while too many questions remain unanswered.

Why aren’t we having hearings on the plan we have just received? Why aren’t we questioning the underlying premise of the need for a bailout with taxpayers’ money? Why have we not considered any alternatives other than to give 0 billion to Wall Street? Why aren’t we asking Wall Street to clean up its own mess? Why aren’t we passing new laws to stop the speculation, which triggered this? Why aren’t we putting up new regulatory structures to protect investors? How do we even value the 0 billion in toxic assets?

Why aren’t we helping homeowners directly with their debt burden? Why aren’t we helping American families faced with bankruptcy. Why aren’t we reducing debt for Main Street instead of Wall Street? Isn’t it time for fundamental change in our debt based monetary system, so we can free ourselves from the manipulation of the Federal Reserve and the banks? Is this the United States Congress or the board of directors of Goldman Sachs? Wall Street is a place of bears and bulls. It is not smart to force taxpayers to dance with bears or to follow closely behind the bulls."
jeremy: Yeah, that’s a good speech, too!

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then what’s the problem with starting up a gov’t funded alternative?

1.) People argue of dooms day scenarios regarding waiting lists to get teeth pulled, but never take into account all of the people who wait until the last minute to get medical treatment b/c they have no health insurance. THESE PEOPLE WHO WAIT ARE DRIVING UP THE COSTS of healthcare b/c by seeking no preventative care, they increase the amount of expensive surgeries and extended stays at hospitals. As it stands, Americans are already paying for that now.

2.) The people that state that the US can’t afford gov’t funded healthcare due to sky high taxes overlook the fact that healthcare costs are the leading cause of bankruptcy today among people that HAVE HEALTH INSURANCE.

3.) The people that state that if the gov’t provides healthcare, it will eventually have within it’s ability control to manage every aspect of our lives have obviously never heard of the military, CIA, FBI, NSA, Homeland Security, Federal Reserve, Treasury and Coast Guard, which at any point can control every aspect of our lives today.

What’s wrong with a gov’t funded alternative?

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So how do we pay for them? The Treasury sell bonds to the Federal Reserve-debt monitization. That will lead to devalued dollars. That will result in a dozen eggs valued at , then , the 0 and so on.

Good luck to all, we will need it.

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Of course the Federal Reserve can print more money but eventually all that inflation will cause the dollar to become completely worthless. With all this out of control spending in Washington, is it possible America could go bankrupt?

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