Check out the video and ticker forum and contact your Senators now.

There seems to be a concerted office by Congress to bankrupt the country, but to what end?

Sorry. ‘The Worst Congress Ever’ has pretty much worn me down to the nub at this point.

It’s every man/woman for themselves these days. Each and every one of us needs to fight this from where we are standing. They rely on us to be consistently stupid.

Pretend you’re extremely wealthy (no matter how broke you currently are) and educate yourself about your tax base and keeping every last DIME you can out of their hands.

That works for me and keeps me sane in these trying times. :)

Good plan.

Hmmm, let’s see. Sell the US to the highest bidder?
Let the IMF decide how we can payoff the debt by becoming slaves? Bring in the Amero? (After alot more pain first so we won’t be inclined to complain) The possibilities for marxists is endless.

>> THIS BILL MUST NOT PASS.

Wow. All caps and everything! You must be serial.

ROFL

Tell you what. Try to relax and stay loose, when it happens. “Bend over and grab your ankles” isn’t just a saying... it forms a more rigid triangle and you get it over with quicker.

This country has slid down the sewer. There isn’t enough personal responsibility left over to do anything about it.

Sorry.

BIG BUMP

Wake Up!!!!

http://www.fedupusa.org/

Lenders who made these loans should be in jail. People who lied on their applications should as well. However, the problem was made long ago and failure to issue some relief will destroy the economy.

Unless you think the middle east, china and russia would fail to take advantage of us when our economy stops? Stop the bill and home prices will plummet, nobody will be able to get a loan and there will be even more homeowners walking away from mortgages. How many people will stay in a mortgage thats twice the value of their house?

franklin and eleanor roosevelt’s

continuing gift to you!

/s

Check out the video and ticker forum and contact your Senators now.

Do you think any Senator gives a rat's ass what you think?

Scorched earth in November. Vote against all incumbents. No mercy. That's what I'm doing.

All this taxpayer money is going into somebody’s pocket.

“Good plan.”

Agreed.

The entities (foreign governments included) who opted to buy those securities accepted the risk associated to them. This bailout is a piece of legislative tripe that needs to be stopped IMMEDIATELY.

There is talk of a fillibuster in the Senate - I am not sure that the grass roots effort is hopeless.

>> All this taxpayer money is going into somebody’s pocket.

You got that one right.

Why sell crack and pimp hos when you can gets in tight wit the dudes what’s spreadin’ the joy Uncle Sugar is bringin’ to da hood?

There is a line that has been repeated a few times tonite.

“Why are we privatizing profit and socializing losses”

There is talk of a fillibuster in the Senate - I am not sure that the grass roots effort is hopeless.

I applaud your optimism. Really, I do.

However, I have read otherwise:

"The filibuster will force an extra 30 hours of consideration, pushing a final vote past Friday, although there is enough bipartisan support to overcome the 60-vote margin needed to break a filibuster."

I truly hope you're right and Fox News and I are wrong. But I'm not putting my money on it. (Need to save my money for the higher taxes and inflation that's coming...)

ironic

since the average tv-viewing democrat thinks the republican party is stealing from the public.

but it’s actually the democrats and some republicans in congress that are stealing from the public.

It’ll get Democrats (who don’t care) re-elected, so you’ll pay the bill and have a nice day.

This isn't about personal responsibility. This is about risks banks took for profit. Initially, it was the higher interest rate sub-prime loans that crashed. Then, the Alt-A market (good credit and lack of documentable income) started it's plunge. Now, the goofy loans Fannie and Freddie were doing, credit scores as low as 500 with loan to values up too 100%, have foreclosures rising.

The point being, these banks charge an interest rate for return on their investment, the higher the risk the higher the rate. Why is it the responsibility of the tax payer to now compensate these banks, dramatically limiting their risks?

Also contained in this bill, the required reporting of credit card transactions to the IRS (over 200 transactions or $10,000.00, including Pay-Pal)

This bill is a huge bank bail out with potential catastrophic consequences. While it is mainly a Democrat bill, it is now receiving the blessings of the Bush administration, which reminds me of Bush 41 and the huge tax increase he signed. And, the result will be the same, as when the consequences of this bill are felt and understood, President Bush will receive the blame from both Democrats and Republicans.

There’s another little trick bag in the 700 page bill.

A nifty little way to roll all those unsecured home equity loans that people took out, and spent on toys, into the “new and improved” first mortgage. That ought to help their balance sheets.

Correct! Wells Fargo, for example, has a reported $84 Billion in equity lines (2nd’s). Pretty safe bet that their not even worth 15-20% of the principal balance owing. Yet, the Government is saying the lender only needs to take a 15% loss and the taxpayer can absorb the rest.

But the Chinese Communists and Arab Muslims, who own huge chunks of both Freddie and Fannie, will be happy to have the pitiful little tax drones of the US backing their investment.

How True.

Traitors to conservatives, the GOP, and America ---- still laughing away.

“There seems to be a concerted office by Congress to bankrupt the country, but to what end?”

A North American Union.