The Rescue Plan - New Provisions - October 1, 2008

If a Rescue Bill is unavoidable, help Main Street before Wall Street. If you have to include raising the FDIC deposit limit in this bill, so be it. Find a way to use low US Treasury yields to help homeowners with lower mortgage rates. If I were a concerned Senator I would ask two questions before voting - How is the new Federal Housing Finance Agency valuating $5.4 trillion in Fannie Mae and Freddie Mac mortgage backed securities? When is the Treasury going to use its $200 billion GSE Rescue money? How is HUD going spend $300 billion to help homeowners refinance? With or without this plan there will be a Recession in 2008 / 2009, and The Great Credit Crunch will persist at least through 2011, which will only add on to the $700 billion investment.

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[jsoblink182]

u cant even make eye contact stop reading nd be real!!!!! just read bullets ta jog that memory of urs atleast so ppl think ur genuine..... fuck!!!

[OmarThePug]

OK, so where is our damn leadership???? Out here on Youtube? My God...we are sinking faster than an lead weight in helium and our government is lying to us...everything will be "OK." Its not OK!!! THE SHAKE UP IS FROM THE TOP!!! We need a "new deal" and competent leadership now!!! We need financial advisors not political advisors!!!

[AirelonTrading]

Honestly? I don't think any of them (save maybe 1 or 2) understand any of what's going on. And rather than admit that to each other? They're all just stumbling through, bluffing ... in some weird happenstance. It's like watching a Shakespearean tragedy.

[guerrero3366]

the real question to me is: Whay are they "hll-bent on listening to all the wrong people"?

[AirelonTrading]

It's as if they are hell-bent on listening to all the wrong people, instead of those people who know better.