Use Your Head: 8/14

" Hello America. Time to use your head bringing you stories where Americans the media really the government lately not really using their heads. Welcome to bailout nation. We're all socialists now remember. It started with the bank's then and then that went to the car companies and insurance companies now TARP money. Could be coming to an apartment building near you think he he he who who could possibly sponsor a bill like this it's your old friend. House and financial service committee chairman Barney Frank of course. Frank's TARP for main street act. Could take two billion dollars of your tax dollars that we gave to the -- through tar and I'd like back they paid it back. And now of course it'll it'll go to other people to use. They're gonna use that money to create sustainable financing programs for multifamily properties that are in default or foreclosure. The New York Post reports that some New York City apartments could benefit from this bill. Many developer property are now under water and their pitching for some cash as one developer who defaulted in alone last fall put it quote. In his long as there's a long list of people out there where their cats in there and why should everyone else beginning the free run. Yeah why should be should people be getting a free run. Great precedent we've set here in America isn't it from the land of opportunity to grab the cash while you can. America's side note I'm sorry to tell you that I. I just feel that in the next few months -- the next six months. The foreclosure rate in this country is gonna go through the roof and I believe the community organizers will start to organize."

" Squatters in those houses and apartments all across the country I think we're headed for some real tough times. And the popular awesome amazingly successful cash for clunkers program has another huge problem. The Financial Times now reports that although car and car parts sales jumped two point 4% from June who has seen that. Other retail sales fell point 6% in July. Cash for bunkers could be pulling money away from other consumer items. And in the long run the program could hurt future car sales but don't let that -- Ford and GM just announced the very increasing production of the most popular cars eligible under the program that -- you really want. Just the ones in the program. Is the program gonna continue to run for -- So -- cash for clunkers and his. Maybe they'll be a surplus of those cars and we can bail them out again the biggest loser in all of this the dealers. Who just gave you the car. Because they're still waiting for the government to pay them back. The Los Angeles Times reports. A government program to buy toxic securities contains a little loophole that might cost you belittle people's some money. But good news benefit the Wall Street fat cats. The value of toxic securities owned by banks tanked during the credit crisis now they're virtually impossible to sell I think then there. Who would have seen that comedy. In the government's plan -- nine investment firms will use forty billion dollars to buy the securities. Traders will then create a market and trade them openly. The investment firms could make a lot of money. But the taxpayers are gonna take most of the risk critics say traitors in the program could influence the market. Then you know make some profit on their own side deals. One solution to the problem all wall between traders in the program and the rest of the firm's. But treasury says they can't because veteran traders won't take part in the program if you do that but don't worry. The Treasury Department says they're gonna monitor the program you know to prevent insider trading and and don't forget the guy who couldn't figure out you know how to do -- And I'm you know the Turbotax. He's running so him."

" reminds me how many times did the security and exchange commission investigate Bernie Madoff. Yeah -- apple ever. At least three times and they failed to discover the multi billion dollar fraud but this time don't worry -- promise it will work. And tonight. I want to mark the passing of someone you know very well only 37 years old perhaps the most. Over use suffix in all of media history tonight. Let me be the first to announce the death of gate. Rest in peace since the Watergate scandal of the 1972. Every thing. Everything that's gone on in this country. When -- we're walls around Washington has been dubbed the gate. There was a random gate Monica gate poker game Jersey -- trooper gate 12 and three I didn't understand -- I didn't see too and many many more. But we have turned the corner America -- paradigm has changed forget the word gate. We've all learned from -- rules for radicals to personalize. The attack. You can say things about gay -- that's too -- You don't attack an institution. As Saul Hinske said you have to attack a person that's why it's no longer gates. The new -- is -- It started with the 9/11. Truth hurts. Crazy. Then the birth -- crazy. And now the DNC is calling people concerned with end of life provisions in the health care proposal death thirds. Crazy. He get it they've personalized. All the scandals all the problems. You know what we got to play along now we got to play their own games we -- something called the administration -- people in the administrative banded pattern and then. And and currency but I got it how about. My ears. No no that's crazy we better use our head."