Money Beat

Were supposed to jut believe everything they say? Take them at their word? Congress, the administration, government in general took us for a ride. Both partys took incentives from Oil, Banks, Pharmaceuticals, big religious groups, etc. They sold us out for the buck. They turned their back on maintreet and looking for someone to blame. Yet they till point at other for these problem. From oil prices bleeding us, medical costs barely being met, interest rate siphoning every last dime we have we are now supposed to believe them? Feel sorry for them? We need to account for every dime that is spent in this bailout. We have no way of knowing how the money is going to be dispersed. Who is going to get the money? Are the people these institutions lend money to deserving or are they cronies of this administration? I don't agree with a blank check but I also don't agree with the Republican leader blaming Pelosi for the initial failure because of her speech. That was a gutless way out. Both parties, the administration, big business, all deserve the blame for this one. Even though we had 8 years of Bush, was there any oversight into the economy? Did any politician of either party get up and speak out other than a few lines on page 10 of the WSJ? We need politicians who are for the people who elected them. We need politicians free from lobbyists. I blame lobbyists and big money as much as Washington. We need laws to control lobbyists. We need stiffer penalties for both lobbyists and the politicians who sell out their constituants for a few bucks.

Are we forgetting why people couldnt pay their mortgages? Consistenly increasing gas and food prices. How dare you blame it on people trying to live the American dream. They couldnt have got the loans unless someone of so called "expertise" approved it. Wake up America!

Hey Pelosi: Google this: "Community Reinvestment Act" (1995) The DEMOCRATS added massive new provisions that FORCED banks to issue 1 trillion in new "Subprime Loans" (or pay big penalties) Google this: In 2003 the Bush Administration recommended major overhauls in the Housing Finance Industry but the Democrats tried to stop it... Google this: 2005 John McCain Warned of Mortgage Collapse Co-sponsoring a Bill "The Housing Enterprise Regulatory Act" of 2005 www.govtrack.us. Bill S-190 but DEMOCRATS blocked it. It came back in 2007 but Fannie Mae had friends - (Dodd, Johnson, Rains, Obama, etc...) "Change you can believe in?" LOL.. Sweetheart Loan, Sweetheart Deals... ... Google this: "Center For Responsive Politics" www.opensecrets.org Do we want those who were part of the problem to now be overseers in the solving of the problem? ---Greg------http://us.imdb.com/name/nm2734923/

kinda scary but neccessary i feel.

I can't afford another rescue pkg....congress tried to bully their way into my pockets by fear...again!!
The markets will rid themselves from greed and evil, then they can borrow my money.

This is USA, not USSA!!!

"I believe that the markets have been intentionally crashed in order to push forward a more centralized and controlled banking system, that will ultimately lead to a cashless society."

Quite possibly. The late Aaron Russo claimed he was told this was the goal of the financial "elite", and that 9/11 was also part of this plan.

http://michaelfury.wordpress.com/2008/09/24/as-wall-street-is-transformed-a-reminder-from-aaron-russo/

Who's to blame (In my mind)

1.) The people who took mortgage based on the job that "they will have" and not what they have now. Belief that tomorrow will pay for today.

2.) Banks that made the loan. They can look at the information they provide and know that there is no way these people can reasonably the mortgage they're looking for.

3.) The people who bought properties, waited a month and inflated their prices. They didn't CAUSE the problem, but they did help inflate it by inflating prices.

4.) The people who created the Mortgage-backed-derivative. This was like a used car salesman putting a shinny coat over a rusty car. Looked good to buyers, but in reality, it was just waiting for a swift kick to for it to fall apart.

5.) The people who were supposed to regulate this bloody mess. There was no 'red flag,' this might as well been painted bright red and had flashing neon signs saying "DISASTER WAITING TO HAPPEN! GET READY FOR A GREAT SHOW WITH FIREWORKS AND BLOW-UPS!"

I also blame that attitude "Just because I can't afford it doesn't mean I shouldn't have it!" All of you people who subscribe to this belief, please wake up to reality, or get in a nice line so that some sense can be 'instilled' into you.

It is absolutely amazing to me how people are so quick to blame one party or the other. The fact is, the US government is BY the people, FOR the people and the fact the plan failed to get passed is evidence of that. Leaders felt their jobs were on the line if they voted to bail out wall street. See how that works. The inaction of American Citizens is to blame for this mess (all of us). BTW, in case you were not paying attention yesterday, a bailout was given to US automakers while we watched our 401K plans disintegrate. Get with the program people! Citizenship is not a spectator sport!!

how can any upper management truthfully state they didn't know what was going on ?
How were welfare recipients,ssi/ssd payees supposed to payback these 100% financed loans ?
why ARE FHA ads still running ? you know,"no credit ? bad credit ?...NO PROBLEM ? 100% financing available with NO MONEY DOWN !!!!!"NO SOCIAL SECURITY NUMBER !-is this a joke or something ?

2 times bush attempted to rein in the FHA and it was blocked.and this brings up the issue of our atty gen.,A.Cuomo,who was the head of HUD and left it in a mess,and NOW will be part of the bank fraud investigation ? c'mon,please ?

This was deliberately done to bring in a new form of governmet,socialism .
Now obama / oboMbaites will continue to shriek about all their freebies. How would this ever be possible as most Americans refuse socialism and now the nation's under financial stress ?

Already this nation's forgotten about July's home mortgage industry bailout--congress decreed that we the people are now basically co-signers of these foreclosed sub-primes therefore making US payees. How was THIS ONE MISSED ?300billion for that one.
we're also bailing out the auto industry.
anyone remember voting on the forced redistribution of OUR incomes via taxes for these things ? How many are even AWARE that this was DECREED by our esteemed politicians ?
so in plain english--no wall street bailout. If we have to fish from the east river to eat,trade/barter,etc--WE don't care.

Please be sure to NOTIFY all you come in contact with as they might think this bailout was already defeated to get on the phone,eMail and fx their wonderful ,righteous representation .
obviously we're already nothing more than dhimmi slaves.

Why doesn't con-gress decree that all employees send their bonuses,commissions,severance pay golden parachutes,etc immediately into a new bailout plan fund ?
why not ?
Why are we paying for their deliberate actions ?

If we could look at this whole thing in the spiritual sense,it is a massive shakedown saying to mankind..HEY WAKE UP DUMMIES MONEY IS NOT YOUR GOD!!!OR I AM GOD AND THERE SHALL BE NO OTHER gods BEFORE ME! something like that!