09-22-08: Former Speaker of the House Newt Gingrich appears with Greta Van Susteren "On the Record" on the Fox News Channel and says the bailout plan is a disaster on September 22nd 2008.
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09-22-08: Former Speaker of the House Newt Gingrich appears with Greta Van Susteren "On the Record" on the Fox News Channel and says the bailout plan is a disaster on September 22nd 2008.
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Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
Hmmmm,I pay my mortgage on time for 10 years to a local bank.I didn't buy more house than I could afford but my tax dollars(and probably my kid's and grandkid's tax dollars as well)will be paying for this bailout for 50+ years to cover the asses of irresponsible borrowers and crooked lenders and gouging house seller and flippers? THIS IS CRAP!LET THEM BURN FOR THEIR STUPIDITY!I would rather my property value polummeted to nothing with the real estate and mortgage collapse than help these skanks!
I agree. Those of us who are responsible investors and home owners shouldn't be bailing out a bunch of irresponsible and greedy assholes. Let them take their lumps.
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But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
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