1 Trillion Dollar Bailout Pt. 2

If they do this and it doesn't work, you need to vote them out no matter who it is.

Category:

News & Politics

Tags:

• Trillion
• 700
• Billion
• Bailout
• Mortgage
• Crisis

[gerkins1]

That does happen, but the real "culprick's" (new word) were the Congress of the US Government who eroded the barriers between the Commercial Banks and the Investment Banks. They wanted the highest rate of return. They took the people that could make a rental payment and put them into an interest payment stating these were tax deductable and that if they stayed in their houses for 2 years they would get all the money tax free. They then raised their payments to make more money and trashed them.

[sikurzu]

If there would be Any Electoral corruption in this US Election and if John.McCain wins by hook or Crook, Then USA is definitely no more a country that will be 'looked-up-at' by the rest of the world.

It will be

the Global symbol of Corruption and Evil

and definitely !"""NOT"""! a symbol of Democracy.

People have no value if not any sense.

The 700 Billion for bailout, how else do you think they play to use it?

[gerkins1]

I think they will bail out the banks and leave the little guy to hang.

We have already corrupted the US Constitution in such a way that most Americans know there is something wrong but have no clue what it is.

I think the day it is released is the day the oil spikes and falls and within 90 days you will see the crash that has to happens.

They really need a 2 Trillion Dollar Bailout to pay for everything, but they don't have the ability to issue that much credit and let anyone know it.

[WilliamsRuss]

Thank you very much for educating me.

[gerkins1]

I know it is my limited view but I am glad it helped.

[crdave]

good analysis, thats about as much sense as I've heard anyone make out this plan. You must have a secret decoder ring to understand their double speak.

There is so much partisan crap being flung I'm starting to think both dems & repubs are turning us against each other to cover their own asses and ram this bill down our throats asap before anyone knows what hit 'em.

[gerkins1]

It is my sector decoding ring.

I really think the Chinese, Japanese, and all the other countries with huge foreign cash reserves should buy these securities up with congress putting a mortgage holiday so the purchasers can start back up with original terms with borrowers, no ARMS, and they are insured by the federal government.

That way the bottom is guaranteed at a much lower rate.

[12235117657598502586]

OMG...This means that those same investors who lent the money to home owners in the 1st place via the banks, end up picking up the homes of those poor families who have to foreclose (due to high interest rates)and in doing so, they will just rent those homes out & wait for the house prices to increase again...and then those same investors will sell those forclosed homes at a great profit and so the cycle continues.

Meantime poor families loose their only homes! Shame on those greedy investors!

[mcplanetearth]

i need to be bailed out of some bad investments I have made.. Bail me out government I screwed up