Administration rushes to begin financial rescue

To AustinTexasRealtor - It is my understanding that they will be buying securities and not whole loans.

This is not a rescue, it is a "BAILOUT SCAM", being perpurtrated on the "AMERICAN PEOPLE", by voting "YES" on this "BAILOUT SCAM", Congress has lined the pockets of "Wall Street with "GOLD", and yes even lined their own pockets with "GOLD!!"  Everyone that voted "YES" on this should be thrown out of office, and that includes, Barack Obama, Joe Biden, John, McCain, Nancy Pelosi, George W. Bush and all the others that voted "YES!!"  Also Henry Paulson, and Ben Bernanke..........the "PUSHERS" of this "BAILOUT SCAM!!" should be thrown out of office.........Because of this "BAILOUT SCAM", the rest of our pockets are now lined with "DIRT" and "HUGE HOLES", our Congress did not listen to the "AMERICAN PEOPLE", and continued to vote for this "BAILOUT SCAM", because it benefited them as well as "WALL STREET!!"  Unfortunetly we have an "IMPERIAL GOVERNMENT" and we always will have, until we vote these people "OUT OF OFFICE!!"

Did you see the smile on Pelosi's face after this?  Like she actually did something good?

Please remove Barney Frank from overseeing anything from this point on.

Oh I missed "Barney Frank" the "PUSHER" of the "BAILOUT SCAM" in the house, yep he should be thrown out of office too with the rest of the "PUSHERS" of the "BAILOUT SCAM!!" and the "YES" people on the "BAILOUT SCAM!!".......Definetly not a rescue plan...................

How to execute the bailout? A good start would be to execute the sponsors of the tax relief earmakrs for Hollywood producers and the companies that sell those wooden arrows!

I have yet to be able to identify those Senators. Anyone know who they were?

It is my opinion that one solution would be to go back to where the problem began.  Home builders have lost all touch with the new homes that should be constructed.  There are no more "starter" homes being built, no more affordable, sufficient (not exorbitant) square footage 2-3 bedroom, 1-1/2 bath , living area and eat-in kitchen, 1 maybe 2 car garages and an extra would be a basement.  First time buyers do not have an affordable home available that they can begin the climb to eventually achieve their dream home.  They are being forced to overbuy as all of the smaller homes are in such terrible shape that it would cost to get into them, thus driving up the price.  Everything being built today is 4+ bedrooms, living room, dining room, family room, 3+ bathrooms, 2 (more often than not 3) car garages, whirlpool tubs, tile floors, finished basements with theatre rooms and extras that can be purchased that are beyond imagination.  It's no wonder that people are being convinced that they can afford more than they can pay as banks are willing to do whatever it takes to obtain a loan to pay the homebuilders for building such a monstrosity.  Now, home builders are crying, banks are crying, homeowners who can not afford what they have been convinced they can are crying, and those of us who have done things the right way are in trouble because of their bad and irresponsible behavior.  We purchased our first home in 1973 for $17,500, second home in 1978 for $61,000 and our last and final home in 1988 for $180,000.  Each purchase there was the decision that we would have sufficient down payment in order to meet the monthly payment.  We have never been ones to carry credit card debt.  If purchases could not be paid from the first statement, we did not need what it was we wanted.  We sucessfully paid off our last home by obtaining a 15 year mortgage which we planned for by saving for it.  In other words, we worked very hard and not being impulsive and spontaneous and this resulted in the position we are in today, 60 years old, 1 mortgage on a small vacation home being paid for from retirement plans and no other debt  with the exception of taxes and insurance which continue to raise every year.  Now, from the lack of disgression, the irresponsible people have caused our retirement funds to drop over $350,000.  I don't know if we will recover from this severe hit, but are trying to stay as optimistic as we can.  We can only hope that the powers that be and a majority of the people who have caused this problem will wake up and see that those of us who have done everything we could and should have done will not end up being unemployable due to age, no retirement left to support us and no assets left as they had to be sold for us to live.

All "Hail" the new "Lord High Commissioner" and leader and decider, of the financial markets of the World......former Secretary of the Treasury.....and now, His Honor.....Henry Paulson.  I know of no non-elected individual who suddenly has such power handed to him.

Offer: Bush signs housing rescue bill. $300,000 for $1,727/mo Fixed. NO SSN REQUIRED

OMG! Is this true?

HEY we are saved! Bush, McCain, Obama, Biden and the rest of congress just saved NASCAR! We might not have jobs, or 401K's, but we have NASCAR!!! This is the change we need in AMERICA! VOTE REP or DEM now, it does not matter! They are for NASCAR! Obama has to be American now! LOL

The article states the bailout figure incorrectly its $850 billion not $700 billion.  The nay-sayers suddently vote "yes" when $150 billion of pork-barrel spending was added.  Get this, NASCAR is earmarked for $100 million of the pork money.   The audascity of congress to continue their "business as usual" in the face of the this credit crisis is beyond me.   Enough is Enough we are victims of FINANCIAL-TERRORISTS if you want to call it that.   We need to identify those representatives that 1) added the $150 billion and 2) all that voted for this abomination - and file a class action suite demanding reversal of the add on.   THEN DEMAND THE ORIGINATORS OF THIS PORT BE EXPUNGED FROM OFFICE !!!!   REPUBLICAN AND DEMOCRAT ALIKE - DOESNT MATTER --- GET THEM OUT, BAR THEM FROM PUBLIC OFFICE.  LET'S TAKE ACTION !!    WRITING ON THIS BLOGS DOESN'T DO ANYTHING - TAKE ACTION, WRITE, CALL, PROTEST, GET OFF OUR ASSES, GET RESPONSIBLE,.................. GET MOVING!!!!  GET THEM OUT !!!!   KILL THEIR POLITICAL CAREERS!  

Well, the executives in Wall St. now have a big smile on their faces.  Made a bunch of CEO's in foreign banks happy as well.  This bill sure as hell is not going to be of any benefit to the average American Joe.  It will do just as much good as the tax refund bill that bush signed before when we all got a few hundred bucks.  He said that was working in helping the economy as well, but look where we "actually are".  I think we all need to take Bush's pen away from him, and just give a box of crayons instead.  Then he can just color pictures of people blowing each other up, and just color pictures of an imaginary war.  Unfortunately, by Bush signing this bill, Wall St. will get even more corrupt that it was before, and that's the primary reason we are in a financial crisis to begin with.  Bush doesn't want to do anything about the corruption, he'd rather just throw our money at it, in hopes that the problem will go away.  And in 4 more month's, it won't be his problem anyway, so why should he give a sh*t.  He never gave a sh*t about this country anyway.

start printing the checks and mailing it to us.

This is a real problem. The solution to the economy is very simple. There should be more money coming in the economy than coming out. The government should help the poor , the middle class, young and adult to find job, training and job. Its very obvious people cannot pay for thier morgage and debt simply because they dont have a job, no training, noone to hire. How can an economy work if there is no job for the people, if there is discrimination , base on color , ethnics amd race? Where millions or citizen where asian- american, african emarican, and so forth. This are the very people who are tax payers who contribute to the put money to the government to built houses , school, education and other programs thru taxes. How can we boost the finds and lower the defecit if we spend more or a lot on war and none for the people of this country (USA). Why are we still in Iraq , when we already found out there is no WMD and where Sdddam is already out? Why are we still in Iraq and spending $ billions (dollars) a month after we already help Iraq rebuilt thier 600,000 army and already given them thier sovereign country back to it people? Why are we spending so much in Iraq while we are experiencing an economic crises? Why are we spending more on International affairs , when we were watching our people lost thier job , houses, and family? Now most people have no job, houses, lost thier wife, and entirely affect thier livelihood. Most 50 year old now cant retire simply because there is no moeny for thier retirement and still needed to work for food on thier table. The government and the people should act now to solve this problem. Its a very serious problem that affects us all.

Finance descipline is need of the hour. Takeover  all banks(good or bad) who have voilated the regulations of u s government/ fed/sec etc.

A Swindle is a Swindle and it's objective is:1. It represents a "fascist coup" against the U.S. Constitution, giving totalitarian powers to Treasury Secretary Henry Paulson for bailing out his friends at Goldman Sachs and other thieves in the financial system; 2. The implementation of this coup is made possible by the actions of "a bunch of prostitutes" in the U.S. Congress, characterized by Democratic and Republican supporters of the plan, who are putting their dependence on high-roller financial contributors above the interests and wishes of their constituents; 3. If it is approved, there will be a disintegration of the financial system through a hyperinflationary process; 4. If it is not approved the system disintegrates as well; 5. Both Numbers 3 & 4 will plunge the world into a breakdown crisis comparable to the 14th-Century Dark Age. The only solution is to put the system under bankruptcy reorganization!!!

  You people are crazy!  Read this and put the blame where it should be!!!  I am sick and tired of ALL the 435 idiots that WE elected to CONGRESS! With the likes of Kennedy who is in charge of the ETHICS committee(rmember chappaquitick?) and all the other fools who hide their money in the freezer, etc!!  I say get rid of all of them and limit term limits to 4 years! That wil slow down the lobbyists attempting to BUY the Congress vote!! It will also give every individual in this country a chance to receive the " life time medical and the lifetime RETIREMENT benefits that the CONGRESS instituted to themselves for just a 4 year stint" if they are elected to Congress! Why not? Anyone could do the "so-called" job they are doing! They have the audacity to squelch our SS and medicare benefits yet they receive an annual pay raise WITHOUT VOTING ON IT!!!!

medical 

By STEVEN A. HOLMES

Published: September 30, 1999

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its p henomenal growth in profits.
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer (and current Obama advisor) . ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

Pass the salt, please.

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Overall I would say it was a tie.  Nobody made a mistake.  However, I do find it amazing that they would allow a bias moderator that is writing a book about the Obama's run the debate.  The moderator has complete control of the questions which were totally swayed to try to make Palin look bad.  Palin did an amazing job of shutting that bias moderator down!  People are saying that they were surprised that Palin did so well after the interviews that she had last week.  Is the American public that ignorant??  Of course she is going to look better than what the liberal media puts out there in little snap shots of interviews.  Every interview has the potential to make somebody look like a fool if you only show bits and pieces. 

Another thing I find funny is that the same Democrats/news media that believe you do not need any experience to be the President seem to think you need all the experience in the world to be Vice President.  Politics will do a funny thing to people.

Some advice to investing right now:  If Obama wins make sure you are investing in the short term as the news media will be so giddy and fool the uneducated into the world is saved and all they will report is positive news.  However, for the longterm get out of the stock market as the America will quickly become a Socialistic state and be as worthless as most European countries.  INVEST IN INDIA AND CHINA!  If McCain becomes President do the oposite.  All of the news media will pump negative information.  However, when the first quarter of 2009 ends and companies report their profits the news media will not be able to hide the fact that most companies in this country are doing quite fine. 

The fear tactics by both parties to win votes is killing the markets.  The economy is not nearly as bad as they want you to believe.  Is anybody seeing soup lines forming?  Are there massive layoffs going on?  If everybody is struggling so much, how is every football stadium and baseball stadium completely filled with people almost every night of the week!  Don't be fooled by these evil people that are trying to make you believe that they know what is best for this country!

   Please read this and think, I mean really think! I am really mad at what the left wing people in this country are doing! If you don't want to hear about church, don't listen! If you don't want to hear Merry Christmas, don't listen! I'm sick and tired of listening to the DEMS wanting to SHARE my monies (which I have earned with MY HARD work ethics) and give it to little Johnny because his parents want to squander their money on NON-ESSENTIAL things! My children should not have to share their crayons, pens and pencils becaus I chose to provide for MY kids! I refuse to provide for idiots who will not pay attention to their children!

  Get off your butts and tell these idiots NO for a change instead of being pansy a$$e$!

President Bush did make a bad mistake in the war on terrorism. But the mistake was not his decision to go to war in Iraq. Bush's mistake came in his belief that this country is the same one his father fought  for in WWII.    It is not. Back then, they had just come out of a vicious depression. The country was steeled by the hardship of that depression, but they still believed fervently in this country. They knew that the people  had elected their leaders, so it was the people's duty to back those leaders. Therefore, when the war broke out the20people came together, rallied behind, and stuck with their leaders, whether they had voted for them or not or whether the war was going badly or not. And war was just as distasteful and the anguish just as great then  as it is today. Often there were more casualties in one day in WWII than we have had in the entire Iraq war. But that did not matter.    The people stuck with the President because it was their patriotic duty.. Americans put aside their differences in WWII and worked together to win that war. Everyone from every strata of society, from young to old pitched in.  Small children pulled little wagons around to gather scrap metal for  the war effort. Grade school students saved their pennies to buy stamps for war bonds to help the effort. Men who were too old or medically 4F lied about their age or condition trying their best to join the military. Women doubled their work to keep things going at home. Harsh rationing of everything from gasoline to soap, to butter was imposed, yet there was very little complaining. You never heard prominent people on the radio belittling the President. Interestingly enough in those days there were no fat cat actors and entertainers who ran off to visit and fawn over dictators of hostile countries and complain to them about our President. Instead, they made upbeat films and entertained our troops to help the troops' morale. And a bunch even enlisted.. And imagine this: Teachers in schools actually started the day off with a Pledge of Allegiance, and with prayers for our country and our troops! Back then, no newspaper would have dared point out certain weak spots in our cities where bombs could be set off to cause the maximum damage. No newspaper would have dared complain about what we were doing to catch spies. A newspaper would have been laughed out of existence if it had complained that German or Japanese soldiers were being 'tortured' by being forced to wear women's underwear, or subjected to interrogation by a woman, or being scared by a dog or did not have air conditioning. There were a lot of things different back then. We were not subjected to a constant bombardment of pornography, perversion and promiscuity in movies or on radio. We did not have legions of crack heads, dope pushers and armed gangs roaming our streets. No, President Bush did not make a mistake in his handling of terrorism. He made the mistake of believing that we still had the courage and fortitude of our fathers. He believed that this was still the country that our fathers fought so dearly to preserve. It is not the same country. It is now a cross between Sodom and Gomorra and the land of Oz. We did unite for a short while a fter 9/11, but our attitude changed when we found out that defending our country would require some sacrifices. We are in great danger. The terrorists are fanatic Muslims. They believe that it is okay, even their duty, to kill anyone who will not convert to Islam. It has been estimated that about one third or over  three hundred million Muslims are sympathetic to the terrorists cause... Hitler and Tojo combined did not have nearly that many potential recruits. So... We either win it - or lose it - and you ain't gonna like losing. America is not at war.. The military is at war. America is at the mall, or watching the movie stars.  

An Obama election would unquestionably mean that the 700$ billion bailout package is simply an INITIAL installment on Obama's intended reparations payments to our African American population. As you will recall, the Congressional Black Caucus (CBC) voted overwhelming "AGAINST" the initial bailout proposal; but, after assurances by Obama to a prominent CBC member that, if elected, he would direct government officials to write-down the principal on inner-city delinquent mortgages, thirteen members of the CBC conveniently switched their bailout votes from "No" to "Yes". In other words the advertised feature of a promised re-coupment of the entire or at least a major portion of the bailout expense when the housing market recovered, which prompted conservative members of the congress, essential to its passage, to sign-on to the bailout legislation would prove to be a "total farce" under Obama. "Jawbone" Biden let Obama's hidden agenda "slip" during the VP debate when he stated that Obama intended to not only reduce interest payments on defaulting mortgages; but, "to as well write-down the principal". The apple doesn't fall very far from the tree. Obama, whose father was born into privilege, served as the Senior Economist for a corrupt Kenyan Government; and, advocated a: "100% taxation and repossession of land and property against the will of the rightful owner". An ideology that some call Communism; and, which was explicitly sanctioned by Obama with his proclamation: “It was into my father’s image . . . that I’d packed all the attributes I sought in myself.”  Obama's Marxist principles are re-enforced by his 20+ year immersion in "Black Liberation Theology" thru his membership in Jeremiah Wright's church; and, its reliance on the foundation teachings of the Ideologies guru, James Cone, who wrote:  "Marxism, as a tool of social analysis, can disclose the gap between appearance and reality, and thereby help Christians to see how things really are."  There can be no rational argument countering the fact that Obama is the most far-left-radical EVER nominated by a major political party. His election would represent the obituary on an America as we now know it.  Greg Neubeck

The bailout Swindle remains a flagrant violation the U.S. Federal Constitution, which specifically defines the general welfare as the law of the land. As a Swindle and un-Constitutional fraud this bailout is "nunc pro tunc, ab initiao".To legislate based upon crimesof Swindle, Un-Constitutional Fraud, Disparity, Coercsion,  is an 'open conspiracy' and a "fascist coup" against the U.S. Constitution with flagrant disregard of the Law! Fannie and Freddie are at the Heart of Treasury Secretary Henry Paulson's and the Federal Reserve chairman Ben Bernanke's insane scheme to bail out the banks by dumping all their bad mortgage paper into the two government -sponsored enterprises, effectively transferring the bank's losses to the government, and, ultimately, to the taxpayer. The government is not really bailing out Fannie and Freddie, but merely funding their conversion into the largest toxic financial waste dumps in history. Far from being saved, Fannie and Freddie are being destroyed Nobody knows how big an illegal, unauthorized tax is going to be imposed on Americans to bail out these swindlers and speculators, but given hyperinflation occuring it will easily run into the tens of trillions of dollars. Mix in the hyperinflation already skyrocketing the cost to 850 bn. TAXATION WITHOUT REPRESENTATION!!! SWINDLE, COERCION, UN-CONSTITUTIONAL FRAUD, TREASON 1. It represents a "fascist coup" against the U.S. Constitution, giving totalitarian powers to Treasury Secretary Henry Paulson for bailing out his friends at Goldman Sachs and other thieves in the financial system; 2. The implementation of this coup is made possible by the actions of "a bunch of prostitutes" in the U.S. Congress, characterized by Democratic and Republican supporters of the plan, who are putting their dependence on high-roller financial contributors above the interests and wishes of their constituents.

hello , just wanted you all to look for a DVD called RED PILL, it might help people to see what we are not supposed to know. Yes we should standup and say WE ARE NOT GOING TO PAY THIS BAILOUT or federal tax anymore, we were not asked if they can use OUR money to do this. I personally do not want to pay for the bailout. I did not sign the bill, so I feel i am not legally responsable to pay it back. Buy the way there is no law saying we have to pay FEDERAL tax. They say we have to pay, Ask to see the law that says we have to pay. They will NOT be able to show you one. Do your own digging, check for your self. The Federal Reserve is ONE private bank running the USA. That should not be.

Copied from an article on Global Research:

My own view is that the plan is worse than that: a crime; grand larceny on a monumental scale.

Here’s why: We know that the debacle started with homeowner defaults on subprime mortgages and that it has now spread to other types of mortgages as foreclosures spread. We know that the unhealthy use of subprime mortgages started during the Clinton administration, as did the bundling and sale of these mortgages into mortgage-backed securities sold in the financial markets.

What has not been reported is that the Bush administration turned these acts of reckless lending into a national program of mortgage fraud. Soon after George W. Bush became president in 2001, meetings at the White House between Federal Reserve Chairman Alan Greenspan and administration officials became more frequent. According to mortgage industry insiders I have interviewed, direction soon began to come down from the banks to mortgage brokers to falsify borrower income information to allow them to qualify for loans that were otherwise out of reach.

The FBI has investigations underway to prosecute some of these cases of mortgage fraud. But they are not reaching above the brokers’ level. The FBI is not gaining access—or at least they have not reported it publicly—to information about collusion at the political level or at the level of the banks which provided the leveraged funding for mortgage money.

But at the time the housing bubble was inflating, no one was watching. Note that when Secretary of the Treasury Henry Paulson testified before the Senate Banking Committee last week, he said he was shocked to learn when assuming office in June 2006 that no federal agency regulated mortgage lending. Rather this was an area left to the states.

What Paulson did not say was that when the states attempted to intervene, they were blocked by the Treasury Department’s Office of the Comptroller of the Currency. In a February 14 article in the Washington Post written before he resigned, New York governor Eliot Spitzer wrote:

"In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules. But the unanimous opposition of the 50 states did not deter, or even slow, the Bush administration in its goal of protecting the banks. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation."

Why did the Bush administration do this? The only possible answer is that it had every intention of producing the housing bubble, one that had the effect of not only inflating the cost of homes and real estate but also pumping billions of dollars of borrowed cash into the economy through mortgage and home equity loans.

The bubble enriched huge numbers of executives, managers, and shareholders throughout the financial and real estate industries, and provided jobs to millions of people. The bubble also brought back foreign capital to U.S. markets that had been scared away by the dot.com bust of 2000-2001.

Everyone seemed to benefit, but it was those at the top who skimmed the greatest profits. And for an economy that had already given away millions of its best manufacturing jobs through NAFTA, Most-Favored-Nation trading policies with China, World Trade Organization agreements, etc., the bubble acted as a kind of substitute economic engine.

It also resulted in tax revenues that allowed the Bush administration to implement its 2001 and 2003 tax cuts for the rich and provide funding for the Afghanistan and Iraq wars. Of course these tax revenues were not enough, as the national debt soared to over $9 trillion during the Bush years as well.

Economist Dean Baker of the Center for Economic and Policy Research makes the point:

"The near hysterical discussion (count the times ‘Great Depression’ appears in news stories) of the bailout still largely fails to recognize the roots of the economy's current problems in the collapse of the housing bubble. Much of the discussion assumes that the problem is just bad subprime loans and that house prices will bounce back once the credit markets are working properly."

The point is critical, because what the Senate and House leaders are telling us, as are President George W. Bush, presidential candidates Barack Obama and John McCain, and Federal Reserve Chairman Ben Bernanke, is that the bailout is to get the American economy moving again. Credit, they say, is the lifeblood of the economy, and without credit no one can make a move.

But credit is the lifeblood of the economy only because people are broke. Purchasing power in the U.S. has collapsed, and it is getting worse as the recession which has now begun worsens.

People can’t get loans, not because the credit markets are stalled, but because they have no savings for down payments and can’t afford to repay what they wish to borrow. If they could repay their loans, plenty of credit would be available. But there is no money—and no savings—within the economy for it to get moving again. The only possible source is more federal borrowing to prime the pump Keynesian-style. That is what the politicians claim the bailout will do. But it won’t.

Then what is happening?

What is happening is that the Bush administration is engineering a massive raid on the Federal treasury to pay off the people within the financial industry who have been operating the housing scam because the politicians told them to do it. This is hush money.

The people in the financial institutions who are getting the money will be passing it on to the big banks that leveraged their criminal lending practices. The giant sucking sound you hear is almost a trillion dollars of future taxpayer earnings going into the vaults of the nations’s biggest banks, such as Citibank, Bank of American, and—the pet bank of the Rockefeller family—J.P. Morgan Chase. Much will also go into the vaults of foreign investors such as the Bank of China.

And these banks have no intention of recycling the money into productive U.S. investments. Despite the political posturing, where much of it will go at the second or third tier is into executive salaries and bonuses. The fat cats are "gittin’ out while the gittin’s good."

What happens next?

Well, it is already happening. In the post-bubble era there will be no more economic engines for the American economy. A long term recession and depression are inevitable, and they are expected by those in the know. In fact, there has been a plan in the works for a very long time to bring down the U.S. economy, and it will be happening over the coming months.

This is why the government is also preparing to implement martial law, or something close to it, in case public unrest breaks out. We will likely also see a clampdown on free speech, the right to protest, and use of the internet. Federal facilities are being prepared all around the country to backstop state prisons and local jails that are already bursting at the seams.

This is the plan, so people need to begin to take whatever measures they can to cut their cost of living, get out of debt, and protect themselves and their families

Whatever happened to honest folk?

Whatever happened to a handshake was as good as a contract?

Whatever happened to you could take a man or woman at their word?

Whatever happened to when you lent someone something, they would bring it back and perhaps even better than it was before?

Whatever happened to just plain being nice to others?

People you did vote in the last election, Gore won the popular vote and yet it was fixed in Florida by Bush's bro and Bush was shoehorned into office.  You voted on the bailout issue, called your reps, sent emails (I must have sent 20 alone to my reps, plus calls) and the bailout went through.  My former boss who was quite a financial genius told me this was coming back in 2001.  He also told me the world's wealth is controlled by only five (5) men.  Well I guess he was right.  They are brining us down to "One World Bank" .  Notice your choices in banking lately?  Citi and Wells are now fighting like dogs over the San Francisco based bank Wachovia?  (may have spelled that wrong).    The only way that might stop this is the original idea the colonists had "no taxation without representation", but to get all of us citizens to support withholding taxes is not possible, because the rich will pay and that leaves the rest of us labeled "tax dodgers" and subject to prison.   All I can say at this point is God Bless the America we use to know and love.

The bailout Swindle remains a flagrant violation the U.S. Federal Constitution, which specifically defines the general welfare as the law of the land. As a Swindle and un-Constitutional fraud this bailout is "nunc pro tunc, ab initiao". To legislate based upon the criminal actions of Swindle, Un-Constitutional Fraud, Disparity, Coercsion,  is an 'open conspiracy' and this represents a "fascist coup" against the U.S. Constitution with flagrant disregard of the Law! In fact they are representing that they are above the law and they do not acknowedge the law!  Fannie and Freddie are at the Heart of Treasury Secretary Henry Paulson's and the Federal Reserve chairman Ben Bernanke's insane scheme to bail out the banks by dumping all their bad mortgage paper into the two government -sponsored enterprises, effectively transferring the bank's losses to the government, and, ultimately, to the American taxpayer. The government is not really bailing out Fannie and Freddie, but merely funding their conversion into the largest toxic financial waste dumps in history. Far from being saved, Fannie and Freddie are being destroyed. Nobody knows how big an illegal, unauthorized tax is going to be imposed on Americans in the bail out these swindlers and speculators, but given hyperinflation occuring it will easily run to over 7  trillion dollars. This is evidence by the hyperinflation already skyrocketing the cost to 850 bn. TAXATION WITHOUT REPRESENTATION!!! SWINDLE, COERCION, UN-CONSTITUTIONAL FRAUD, TREASON 1. This bailout represents a "fascist coup" against the U.S. Constitution, giving totalitarian powers to Treasury Secretary Henry Paulson for bailing out his friends at Goldman Sachs and other thieves in the financial system; 2. The implementation of this coup is made possible by the actions of "a bunch of prostitutes" in the U.S. Congress, characterized by Democratic and Republican supporters of the plan, who are putting their dependence on high-roller financial contributors above the interests and wishes of their constituents.
Bankruptcy reoranization as the only sane way to protect the Sovereign Nation was blacked out to give you the FASCIST CHANGE THEY BRING.