Looks like the majority of the House agreed with me. The financial bailout in its current form is dead.
The usual way to fix this is for Congress to lard up to bill with pork so that more Congresscritters will vote for it. Watch for that approach to be forthcoming. Congress can be bought. It’s just a matter of the price, now.
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Tags: Emergency Economic Stabilization Act of 2008, financial bailout, financial crisis, government bailout, mortgage bailout, mortgage crisis, toxic mortgages
Posted in American Economy, Commentary, Original writing • Comments Off
The bailout uses your money. From your pocket. Do you really want to spend your money? Do you really want the Federal Government to take your money and spend it however they wish? Here are some of the others opposing the financial bailout.
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Tags: Emergency Economic Stabilization Act of 2008, financial bailout, financial crisis, government bailout, mortgage bailout, mortgage crisis, toxic mortgages
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Here is a link to the Financial bailout agreement. It is in PDF form. It is a long and complex document but a very quick scan reveals some issue for the American taxpayer.
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Tags: credit crisis, Emergency Economic Stabilization Act of 2008, financial bailout, government bailout, mortgage bailout, mortgage crisis, toxic mortgages
Posted in American Economy, Commentary, Original writing • Comments Off
We, American taxpayers, are being fed a steaming pile of bull by elected officials bought and paid for by the mortgage industry. This crisis was manufactured solely to ensure that mortgage holders receive a higher price for mortgages than a reasonable buyer would pay.
It think it’s time to fire Congress.
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Tags: financial bailout, Fire Congress, mortgage bailout, mortgage industry, mortgage market, real estate
Posted in American Economy, Commentary, Original writing • Comments Off