Am I in bizarro world? Since when did Americans WANT to see this legislation passed? Why the hell would Republicans benefit from blaming the no-go on Obama? Sure, we want to see something done, but where's the broad public support that would make these maneuvers make sense?

I was asking the same thing. Am I in bizarro world? Since when did Republicans champion free houses for people that can't afford to pay for them? If I were a Republican, I would not vote for any bill unless and until the Democrats accepted personal responsibility for the trouble they caused.

I think this will go down as the most embarrassing day in US history. I felt embarrassed when Bush was reelected in 2004--I was sure the world thought we were a country of nitwits to vote for an incompetent president and corrupt Vice President knowing what we knew about them.

But, today was worse. It was bad enough that we got ourselves into this financial mess, but when the bill didn't pass--knowing that if it failed we would be led into a possible depression, our Congress cowardly let us down.

Worse, was to watch two leaders of the Republican Party come out in front of the public like angry parents and accuse Nancy Pelosi of hurting the feelings of Republican Congressman--causing them to stomp off like spoiled children and vote against the bill to spite Nancy.

Americans must look like total idiots to the world.
While the Dow plunges and credit markets fail, Congress and our presidential candidates are calling each other names and blaming each other for the failure of this bill.

Where are the adults in Washington? This country is run by a bunch of children without adult supervision. Meanwhile, the country goes down the tubes.

I think it is up to the Democrats to step up and do the adult thing. They are the majority party and knowing they had the votes, they should have passed the bill without the childish Republicans. Maybe they would take the fallout for doing so, but Dems know it would be the right thing to do for the country.It isn't a time to worry about getting reelected in November, Democrats need to be the leaders and get this bill passed.

What a bunch of very wealthy, out of touch, sh*t for brains we have in the house and senate...They should all have all of their money, houses cars and high priced whores taken away and these con-artist, representatives should be put into the projects.

Just think - if Nancy had been REALLY partisan the 90 Democrats that voted NAY would have voted for her and given her a majority of OVER 150 !!! - did 90 Democrats believe that they were Republicans ?

DC, you're right on the money. Republicans must be playing politics here, because the bill is still free of the pieces that will make it work FOR THE TAXPAYER, pieces that will help taxpayers keep their homes and their jobs. The bailout must include these additions AND have bipartisan support. It seems like a lot to ask for but so is $700 billion.

Let's face it, folks, there isn't a citizen taxpayer alive who "likes" this rescue package. But it hasn't been sold properly. It's a bandaid on a more universal problem that could well get waaaaaay out of control without the bandaid before the surgeons can come in and stop the bleeding. It should have passed. We can play the blame game, and clean it up next round.

Let's face it, folks, there isn't a citizen taxpayer alive who "likes" this rescue package. But it hasn't been sold properly. It's a bandaid on a more universal problem that could well get waaaaaay out of control without the bandaid before the surgeons can come in and stop the bleeding. It should have passed. We can play the blame game, and clean it up next round.

I would like to think that it collapsed because it was just plain WRONG and because people like me called their elected representatives and let them know how much we HATE THIS IDEA.

DC, there's a typo in the headline, BTW.

I don't know yet if the Senate is still planning a vote or not for Wednesday, but it wouldn't hurt to get on the phone and start calling them, too.

I have the Senate and House contact information prominently on my websites.

Thanks a $700 billion to all of you who took a few minutes to call and write your Congress people. They will come back again, you know it, and this time no holds barred. So we have to fight back against these robbers with the TRUTH, with our votes, and with the knowledge that we have RIGHT on our side.

There is no way IN HELL that it is proper for the US government to be pumping over a $trillion dollars into the private business sector. Instead they should be setting regulations that control their actions to make sure they operate in a clean, ethical, and sound manner.

Clean, ethical, and sound... just the opposite of McCain and his financial "wizard" Phil Gramm who probably can't even balance his checkbook.

-Wexler

I wonder what the late
Louis Rukeyser would say
of this if he were alive?
Both parties have been
eroding the firewall that
was put in place by FDR.

Willy, when you speak like this, you transform into one of THEM. I define "THEM" as Nancy Pelosi and crew.

The law in which you refer to is the Gramm/Leach Act of 1999 signed by...once again...will you remember this time? Bill Clinton!
(Half a truth is often a great lie. - Ben Franklin)

Let's put it on the line, your outward, no holds barred, hatred for the right discredits most of your arguments. And idolizing Nader...his time has since passed.

On a lighter note folks, I do not agree with this bailout either and that is for one reason. It makes no sense for this to be initiated into law by the very people that caused it. Until there are heads that roll, Barney Frank, Chris Dodd, AND...any other politician that can be linked to this debacle. This includes any Republican, and all those "Captains" of Wall Street, any law will only serve to put a bed of roses on top of a pile of pig excrement.

Half a truth is often a great lie. - Ben Franklin

I have nothing to do with "Pelosi and crew" nor have I for years. I don't know what you have to snort to come up with a statement like that, but it's obvious that you know nothing about my politics.

Maybe that sentence could be shortened, Jimmy. It's obvious you know nothing.

Yeah, that's the ticket.

And I don't hate the right, I just despise your ignorance. The Democrats are hypocrites, to be sure. You right wing freaks are outright murderous criminals.

Have a nice day.

-Wexler

Maybe the problem was that the bill was not very good and that a bipartisan majority (for very different reasons) couldn't swallow it.

Bipartisan, yeah. That bipartisan majority included an ACTUAL majority of the Republicans, and only about 1/3 of the Democrats.

The rest voted in favor of that "Not Very Good" bill that puts us peons on the hook for At Least 700 Billion Dollars.

Now members of Congress are considering another vote (on what might be another version of the bill) later in the week. ...

Yep. The Majority & Minority leaderships both are determined to pass the Wall Street Welfare package, regardless of how many constituents tell them they'd better not do it.

135.6 Million tax returns filed for 2007, and 43.4 million of them owed and paid no federal income tax. They still got taxed by the feds in a number of other ways, so we'll include them and say $700 Billion is going to be the responsibility of 135.6 million people. That's over $5 Grand a-piece. And we all know that Jack & Jill Workingstiff can afford that pittance if it means the Fat Cat speculators will stay fat, and they, in turn, will be able to continue keeping their "mistresses" in Congress in pearls & furs & evening gowns, figuratively speaking.

Hey People,

I am GLAD that it failed but i have to tell you...

That old hag from marin county jacked the whole deal up..!!!

I live in California and everyone here knows that she can't help sticking her foot in her mouth...:-)

But the Old HAG needs to keep her girly mouth shut...
She should be home taking care of her grand babies, not trying to mess with the big boys..:-)

Hope whe gets sacked by her male ounterparts after this..:-)

Bill

Let me see if I understand this: The "new" ideology of the "dyed-in-the-wool" lifelong politician Joe Biden that has contributed just as much as anyone to getting us into this financial predicament will make everything well again? Am I to understand, Ms. Pelosi, that you are saying that George Bush is to blame for not enacting regulatory laws that govern financial institutions that Congress is supposed to approve in Congress? Am I to understand that the President, and not you, Mr. Biden and Mr. Obama, who are members of that legislative body are not responsible for enacting US Federal Laws regulating federal banks. Here, all the time I thought that the House and the Senate created all of the laws and then are signed by the President--but what do I know. Maybe you meant to say something other than that?

Based on those numbers of tax returns, to cover this humongous $700 billion bail-out of the credit unworthy families who recklessly borrowed from even more reckless mortgage lenders, the average tax increase in 2009 tax year would be $5,124.45 per return. I can’t even afford gas and groceries, but financing institutions that were instrumental in creating their own demise is to ask me to be dragged down into the pit they dug!

You know, I agree w/a few of the things Wex has to say, but the sad fact is that he and his ilk are why third party politics has failed to thrive. For every intelligent thing they have to say, there is a myriad of slander, half truths, and blatant ommissions etc.

Phil Gramm could not have passed a thing w/o buy in from others in Congress and the Pres' signature. Yet according to Wex, it was a solo act from superman Phil. The Dem's seem to get a pass yet again in this instance. Only as an afterthought are the Dem's hypocrites. Furthermore, the Repub's, including myself, are "outright murderous criminals? ...despise your (my) ignorance." Wow! There's no vitriol in those comments. Is this a case of indifference? To think, this is coming from the open minded. When I went to school, the word, DESPISE, was a close synonym for loathe and hate.

I only call 'em as I see 'em. It must be hell to be so damned smart and open minded. ttyl

Jimmy comments: ...he and his ilk are why third party politics has failed to thrive. For every intelligent thing they have to say, there is a myriad of slander, half truths, and blatant ommissions etc.

The stuff of that nature coming from third parties & independents isn't a patch on what the DemoPublican & RepubliCrat super-partisans aim at each other, and still Two-Winged Single Party politics thrives.

You right wing freaks are outright murderous criminals.

Yeah, that was totally over-the-top. Ranks right up there with comments like: "You liberal fools are all Gulag-loving Marxist Commies."

Jimbo....

Why do you keep talking about me?

Why do you keep trying to provoke me?

Did you read the community rules? I know you didn't at the other two boards.

I happen to like this place, and I think you ought to read the rules and start posting by them. That means you need to back the f*ck off of me, because what you're doing is not allowed on this board.

And just as a reminder, I still have caller ID.

-Wexler

I think that wexler is getting a bit off kilter..?

He needs to realize that HE is not the "One", he is nothing but a minion of the MJ board... Just like us...:-)

This whole thing is a scam to prop up some things that SHOULD fail...!!! Start over.

I am sick and tired of them giving to every minority and wing-nut, and NOW, to wall street.

Enough is enough!!! Untill they start to give to the average joe, i say:

LET THEM DIE..!!!

BIll

Sorry, Mr. Nigh.

I don't want anything special, I just want the same. I want to be able to post here without being harassed by anyone.

Read his posts to me. They "cleverly" turn into personal attack posts that have nothing to do with what I have posted or the topic at hand. This is a mild form of what this poster has done before ELSEWHERE, where he has been banned TWICE.

I just want to enjoy the community here and all the opinions expressed. I don't need to be trash-talked and followed around the internet by a stalker.

Just sayin'.

I would be happy to discuss this with the management here if they care to, including how the police became involved in a series of threatening phone calls, one of which accidentally came through on caller ID.

So what I'm saying is that I've made an attempt to treat other posters here with respect. Read Jimmy's posts. He puts words in my mouth, sets up straw man arguments, and then turns it into a personal attack.

Just like he did at IH and Pravda until they pulled his account. He doesn't want to talk about my ideas, he wants to talk about me.

Just sayin'.

-Wexler

House Republicans: rats off a sinking Bush ship. (And that's being kind...)

So the word from Bush this morning is that the problem we face is "troubled assets clogging the financial system".

Maybe he should try Drano or Roto Router before demanding that we will either pay $700 billion or we will face

1. consequences that will worsen daily
2. direct impact on the retirement accounts, pension funds, and personal savings of Americans
3. economic damage that is painful and lasting.

Hmmm.

Sounds like a pack of lies to me.

Congress left town and the stock markets are coming back up.

Coincidence?

-Wexler

America can immediately begin saving $10 billion per year by ending this war in Iraq now. We should begin troop withdrawals immediately. There is no reason in the world for us to remain in Iraq.

The Pentagon is the most mismanaged business in America. These guys make the investment bankers look downright competent. $600 billion per year for what? To make sure we're not invaded? I guess Mexico burst that bubble without firing a shot. Our next target should be the Pentagon and the bozos who run the aquisition and procurement departments. That should easily save us a few hundred billion per year. We should begin by telling the world that America is declaring a cease-fire. If we did that, most of our so-called enemies would probably cease to exist. As Wall Street demonstrates, we have indeed seen the enemy and it is us. A moratorium on military R&D would be a good place to start. Instead of preparing for 21st century war, perhaps we should chose the harder battle and prepare for 21st century peace.

I'm with ya, Clay. (I think you meant $10 bn/month).

My brother in law is career Army and has spent some time in the management (not procurement) part of the picture. He says that there's no money for anything. All the discretionary funds have been raided for the war... in an effort to try to hide the true cost of the war.

The same way they tried to hide it by calling up Guard units for wartime use, which is definitely NOT their mission. That's because nobody wants to say the D-R-A-F-T word...

But I digress. Point well taken, there are too many $700 toilet seats.

-Wexler

Both components of our economy are suffering; the financial services sector (the tracks on which our economic train runs) and more importantly the producer/consumer sector (the engine that pulls the train). The bailout plan that was rejected really only offered relief for the financial services sector. Democrats need to assume more of a leadership roll; re-write the bill adding relief for producers and consumers and then properly educate the public as to why it needs to pass. In this way they reach out to Republican legislators through their constituents. Since Bush and his team have proven inept in educating the public, the Democrats should use their most recognizable figure as their spokesperson Barack Obama. The Democratic bill should be just one component of a strategy aimed at rebuilding our economy to the point when it was at its greatest strength; from the years 1948 to 1962. What gave it its strength then was a large, productive and fairly paid middle class.

Some people are paying 28% on consumer debt, when do they get their bailout?

Some people lost everything in Katrina and midwest floods... where's their bailout?

I'm paying $800 a month for health insurance, which coincides exactly with my wife's entire SS check. When do we get our bailout?

These people better get a clue... there's revolution in the air, people are tired of being screwed. Any congress person who votes for this is going to face re-selection some day, and I PROMISE to keep their voting record as far out front as I can with my resources. Not much, but better than nothing.

-Wexler

The Giveaway failed and I am giddy as a schoolgirl!

I detest rich people who, all their privileged lives, expect Muhmie and Dahdie to protect them from the consequences of their own foolishness or lust. That's right...I said 'lust.'

It's about time these snooty little tycoons got a kick in the pants.

Democrats can't stand the idea of bailing out Bush, and Republicans can't stand a giveaway that smells so much like socialism.

Their base voters will make them pay for it when they come up for re-election.

Meanwhile, I'll keep trying to sate my champagne on my light beer budget.

Won't post my previous comments.

Google "burning down the house: what caused our economic crisis." Look for version 2. They keep pulling it down.

Why don't they want the message to get out?

Why won't they post my links here?

From Reagan on the Republicans have said prosperity is guaranteed if the rich are kept very rich and then, through wise investments, their wealth will trickle down to the rest of us as wages. What we have is not a “trickle down” economy but a “trickle on” economy and I, for one, am really tired of being trickled on –thank you very much.

During the past 28 years the Republicans have held the White House for 20 years and they have also had effective control of Congress most of that time. The only Democrat during that time left office with a budget surplus. It is simply not credible to believe Republican policies or the neo-cons running the McCain campaign will benefit the average American. Their cronyism, greed and corruption got us to where we are. How can re-electing them guide us out of this mess?

I am writing to urge you to oppose a $700,000,000,000 blank check to reward those whose greed caused this monumental problem. As I understand the Bush Administration proposal it is to trust them with a $700,000,000,000 for them to use as they see fit with no questions asked. Our role is to just pay up and let them do what they want. Sorry, this is the same group that brought us the Iraq war and that refused to enforce existing regulations. Their mantra is always “Trust us”. We did and now we have this mess.

There is no doubt change must happen but the result must be a strengthened middle class instead of merely preserving $10,000,000 salaries and bonuses for those who brought to this ledge. We can do this and stop foreclosure of owner occupied homes. It won’t be easy and it will take time.

Proper planning and deliberation can deliver superior results. It should be done in conjunction with rebuilding the country’s infrastructure and the move toward real energy independence. This would be a complete American Renewal. It is the only rational way out. This means we come up with a solution after the election. We’ve been bullied into hasty decisions before. Been there, done that – no thanks.

I urge you to support the following: a 1 year moratorium on home foreclosures and mandatory loan workouts for all home loans in jeopardy; if the loans have to be sold at pennies on the dollar they must be offered to the homeowner first at that price with the government guaranteeing the new loan; begin a 30 year program of rebuilding the infrastructure – this provides hundreds of thousands of living wage jobs that cannot be outsourced and also provides much needed local spending; and begin serious work on energy independence as described below.

The Age of Steam Continues

We are more dependent on steam power today than we were in the 1800’s because we use steam to generate almost all our electricity. Oil, gas, coal, nuclear and even garbage fired generating plants use those fuels to just boil water to make the steam that spins the generating turbines. Without steam power, life as we know it is impossible. It is this dependence on steam that puts us in thrall to the oil interests throughout the world. The only way to get rid of the oil dependency is to first get rid of the steam dependency.

We need to approach the present crisis with the determination and skill that made our country great. I propose that we consider adopting the following as a reasonable way to begin to take control of the situation. We have to shift to a hydrogen economy and fully utilize wind and solar power. This will require a “Manhattan Project” type of effort. It will also create a sense of national purpose and generate thousands of jobs.

Electricity is unique as an energy source because it has so many uses and is very difficult to transport and store. You can’t plug a toaster into a lump of coal. But you can put it in the back of a truck, move it anywhere you want, keep it there for as long as you want and use it when you want. Electricity must be converted into another form before it can be transported and stored well. Hydrogen is an ideal form because it is easy to create using electricity, it transports well in pipelines, it stores well and it is easy to re-convert it into electricity for a number of uses including fueling cars and generating plants.

In order to create enough hydrogen you need immense amounts of power and water. It is highly probable that off-shore wind farms would provide sufficient power to coastal hydrogen generating plants. The hydrogen would then be piped throughout the country. This provides the fuel for hydrogen economy but what about the rest of the infrastructure?

Congress must pass a law which mandates all governmental entities that receive federal funds to, within 8 years, have at least 85% of their new vehicles be either hybrids or alternative fuel vehicles in order to keep receiving federal funds. The law would also require that if such vehicles were made in America by domestic auto makers the vehicles had to be purchased from those manufacturers.

This will have some impressive results. Domestic manufacturers will begin designing and making these vehicles because they have a guaranteed market for the vehicles; this will also result in more jobs in the auto makers; the infrastructure (fueling and repair facilities) will be created to service the government vehicles; and this also stimulates the production and sale of these vehicles for private use because the price will be much lower that it would be without this program and the needed infrastructure will be in place. This will do far more than just raising the CAFÉ standards. Since these governments must purchase replacement vehicles anyway, why not do it with vehicles that lead the way to energy independence?

This approach is unique because it is good for organized labor, the auto makers, the environment, the economy and national security. For organized labor it helps secure their jobs by keeping the auto makers healthy and profitable so they will keep the existing plants open and possibly reopen some closed plants if demand rises.
For the auto makers it helps them transition to the new economy by giving them a ready made market for their product. This minimizes risk and also helps the local dealers stay in business.

The environment benefits by substituting vehicles that are far less polluting for those that would have otherwise been purchased. This will be far better than just increasing the CAFÉ standards. Getting these vehicles made years before the market would have otherwise made them makes the environmental effects that much stronger.

The economy benefits not only by having a strong auto sector but it also benefits by having the infrastructure for the new economy being “jump started” by this approach. It is difficult for individuals to purchase an alternative fuel vehicle if there is no place to refuel it or have it repaired. Having governments purchase a large number of these vehicles creates the customer base needed for the private sector to create the infrastructure and more new jobs.

This demand will also make these cars cheaper than they would have been so more individuals will be able to afford them. And national security is improved by our having taken positive steps to become less reliant on imported oil.

All this is possible through no increase in governmental spending because these are purchases they were going to make regardless of which vehicles were available. This approach only directs that purchasing to the one path that truly benefits the country.

What about solar? Passive solar is ideal for reducing energy requirements where feasible. Solar photovoltaic panels are expensive and not as efficient as they might be. As part of the energy “Manhattan Project” we need to build the solar cell factories in this country to mass produce solar cells and panels. We then provide enough solar panels to cover the roofs of every public school and unit of government as well as on vacant school land and as “roofs” for parking lots at no cost to them. They would have title to the panels, sell the power generated to their local utility and use the income for operating expenses thus reducing (or at least limiting the growth of) local taxes.

The net impact, to society as a whole, is positive because the income generated by selling the power will be larger over time than the amount it cost to build the plants and the panels. The solar panel plants would be sold to private firms after the school and government panels have been built. An added benefit is the price of solar voltaic panels will drop so individual homeowners could easily afford them.

If all this happens steam would finally be a relic of the past instead of our life’s blood. We would no longer be dependent on others for our security and financial well being. We can export this to other countries to make them better off. And the price of gas might drop to $0.75 per gallon again. Not too bad for a governmental program.

This is a comprehensive program for a true American Renewal that is wholly positive, does not destroy the middle class in favor of the rich, and is nor based in fear. It will take time to do it right but we owe it to ourselves, and future generations, to get it right.

Thank you for considering these thoughts.

The Giveaway failed and I am giddy as a schoolgirl!

I detest rich people who, all their privileged lives, expect Muhmie and Dahdie to protect them from the consequences of their own foolishness and lust. That's right...I said 'lust.'

It's about time these snooty little tycoons got a kick in the pants.

If Democrats vote for the Giveaway, their constituents will accuse them of bailing out Ali Bush and the Forty Thieves.

If Republicans vote for the Giveaway, their constituents will accuse them of turning Socialist, which is worse for rednecks than turning gay.

There it is in a nutshell...from a certified nutcase. Keep playing the bass and play to the base.

I'm Grouchy Marxist saying 'Ta Ta' for now...champagne taste on a lite beer budget.

This is SO great!

The people actually WANT Wall street to take a dive.

"Not the time for finger pointing" said the dubya. Maybe he'll add another nugget about "not being divisive". Well, if the little bugger said it, it must be a lie, right?

Oh, PLEASE let me rant and rave to my heart's content just this once...

Remember about fifty years ago there was that famous picture (in LIFE magazine, I think) of Soweto-grade Black slums in Washington with the dome of the capitol in the background? They just destroyed the slums, right? Nothing's changed. It just got... different and worse in many ways.

Remember for decades now we've been made to feel ashamed of ourselves whenever we hear about corporate fat asses voting each other unconscionable salaries and bonuses while more and more people, whole families in fact, wind up living in the streets? That big oil companies actually make record profits AND EVEN GET TAX BREAKS while we sink faster and faster?

That doctors and the other privileged few live hidden away in gated communities and won't even see you if you're poor, even if that means saving your life? The rationale here seems to be that life is only worth preserving when it's worth living, and it's only worth living if you're rich! Isn't it? ISN'T IT???

Is a rich man's very LIFE worth more than mine? Is it? IS IT?

Remember the cartoon about the crash in '29 where a banker commits suicide by jumping out the window of a tall building? Today's version should be an evicted family jumping out the ground floor window of a small bungalow, not even able to achieve the relief of death. That should partially answer the above question.

Big business has insidiously reached into every pocket of every citizen in America and stolen money from them, as usual much more from the poor than the rich. Big business has reached into every home in America and stolen some or all the heat from the hearth, or the home in its entirety.

Big business has reached into every heart in America and stolen its pride.

I say the hell with Wall street. The fat cats should be rounded up and tried for treason and sentenced accordingly. Nobody should be able to do such grievous damage to a whole country and just walk away, or worse, be bailed out!!!

But they will be bailed out. That's for sure. The parasites will live on to leech another day. Because the ruling class takes care of its own.

That's all it ever takes care of. Its own.

But don't worry. It'll "trickle down" to you...

I'm BEYOND disgusted!

Spitfire

The market is up.
Bad banks are being bought by good banks.
It's a week later and the world has not collapsed.
There's no panic in the streets.

Apparently the system can correct itself without interference by the government.

Just take the losses and move on. We will survive.

I was really concerned about driving home yesterday after hearing the bailout did not go through. I imagined that I would have to drive around pieces of sky all over the highway with torrents of dangerous cumulus cloud pieces raining down. But low and behold, nothing. Still concerned, I raced into the house turned on my computer to read the emails. After deleting ten offers for new credit cards, seven offers to refinance my mortgage, six second mortgage offers, and five exclusive offers available only to veterans and non-veterans for a new savings account that paid two tenths of a percent interest, I found nothing else. I pondered am I am safe? Can I can still charge on my preferred credit card which guarantees that my interest will not exceed thirty percent? Fear continued to build up, so I decided to go to my bank and withdraw all my savings. As I drove into the bank parking lot, I panicked as there were no other cars in the lot. I was late and the bank had already closed. Collapsed before I could get there. I pounded on the door demanding my savings. Finally, the security guard open the door and told me to come back tomorrow or use the ATM machine.

"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." - Thomas Jefferson

While this current crisis isn't the cause of the current conflict in Iraq, the subject of war has come up on this board. And as such, that is what military R&D does. It prepares us for peace, 21st Century peace. And, as such I will always endorse peace as well as the free exchange of ideas.

In a non-sequitur thought; MJ and these corresponding boards will never cease to amaze me in that some of the posts are products of A Beautiful Mind. Reality be damned. I guess this is just another of the many things the WWW has to offer us.

Well, as long as you're not calling me up and threatening my family, it works for me.

Works for the cops, too.

-Wexler

Just this, 6 years of Republicans running those committees go back over the changes that were made, the republicans changed oversight and regulation to reduce intervention. You can look at only the last two years and say "Its their fault" The last two years have been the most filibustered year congress has ever seen, now I am not saying these issues were addressed but just it is more than just the Dems problem. I don't recall Dems or Repubnlican crying about how things are so unregulated that something bad is going to happen.

If Boehner cries one more time for Tee..Vee I'm going to scream! These weasels are a JOKE! And his NeoNut pals need to get better haircuts..especially Cantor..what a dweeb..

NOW, the 'new' bailout bill has MORE NeoNut tax cuts, which makes this WORSE, they will do everything they can, along with Newt and his pals, to scuttle this plan too.

Hopefully, voters are smart enough to vote these lunatics OUT..if not, they deserve them.

You can't fix stupid.

Why are not mandating that the banks let people refi at a better rate to stop foreclosure? Or using some of these billions to do that? I do not know anyone in trouble who was able to save their home by renegotiating. Strange.

testing

Pelosi's remarks were unnecessary in the bipartisan atmosphere of situation. Can you imagine listening to that when you were on the fence anyway? There is enough blame to tar and feather people in both parties. Who is Chairman of the Financial Services Committee?

Now - E Hem - It's the we/they conversations that are dividing us. I live in Aspen where the verrry wealthy are voting blue. And the red voters are losing their housing. Hmm

The missing link is that we have too high a percentage of financially ignorant people. Who on earth would buy a home with a mortgage that has an adjustable rate, or is 125% of their home value? If the populace was better at self-educating we wouldn't allow this to happen. But many people want the stuff before knowing how to manage it.

If we were better savers we would have the money for our own healthcare in a savings account and purchase catastrophic polices for the big stuff. (It is okay to pay with your own money for doctor visits and perscriptions.)Affordable healthcare is part of what we can do ourselves when we learn how.

It's the "We the People's" own selfishness and ignorance that has "We the People" in this position.

What do we do now besides pray and pay - while the powers that are - prey??
I'm a member of Myinvestorsplace.com and we are looking for solutions.
Please let us hear from you.

The idea of "re-regulate the industry along the lines of Glass-Steagall" may help however we should understand what happened shortly after this de-regulation? We need to get to the root of this problem! Corporate Bankruptcy, DIP (Darla Moore's invention) and Healthcare fraud would be a great start.

The blame to 'mortgage-back securities' is the wrong path to the root of our financial meltdown. I have been emailing many reporters to a variety of media venues, including the reporters at the year long trial in Columbus, Ohio regarding the following:

In 1999, the 'Largest Bankruptcy case' in the history of Western Tennessee Bankruptcy Court in Memphis, Tennessee was filed. (Not Nashville, where HCA, once the largest healthcare company in the nation. is located)

In 2000, in Dublin Ohio, FBI raided offices of the largest private financial lender to 'failing healthcare companies'.

NCFE, National Century Financial Enterprises, Inc., the 'LARGEST' private financial lender to 'failing healthcare companies'. Federal Prosecutors in Ohio State, this case is the one that "no one has heard of ". I wonder why?

Federal Prosecutors in Columbus, Ohio proclaim this case is 'larger than Enron' and still 'no one has heard of' or is paying attention.

Currently, there are two people that have yet to go on trial in the NCFE, 'larger than Enron' case: the CEO, scheduled this coming week October 6, 2008; but most interesting is the last, ex-Executive, James K Happ. Why last? The ex-executive will go last, after everyone else involved has been sentenced, one of which has already completed her sentence and is now free.

This ex-executive, James K Happ, was a prior employee of Richard Rainwater, the notorious oilman.

FOR IMMEDIATE RELEASE
TUESDAY, JULY 10, 2007
http://www.usdoj.gov/usao/ohs
CONTACT: Fred Alverson
614-469-5715
FAX : (614) 469-5503

SUPERSEDING INDICTMENT CHARGES FORMER EXECUTIVES OF HEALTH CARE FINANCING COMPANY WITH CONSPIRACY, FRAUD, MONEY LAUNDERING
COLUMBUS – A federal grand jury here today returned a superseding indictment charging eight former executives of National Century Financial Enterprises (NCFE) with conspiring to defraud investors by diverting millions of dollars in investors’ funds, fabricating data in investor reports, and moving money back and forth between accounts in order to conceal investor fund shortfalls. NCFE, based in Dublin, Ohio, was one of the largest healthcare finance companies in the United States until it filed for bankruptcy in November, 2002.
.........
All defendants, except for Happ, were initially indicted in May, 2006. United States District Judge Algenon L. Marbley will preside over the case which is scheduled for trial on November 5, 2007.

All defendants except for James K Happ? Who is James K Happ?
James K Happ left Columbia/HCA and went to work to NCFE.

Source: ANNUAL MEETING OF STOCKHOLDERS-SEPTEMBER 9, 2003-Med Diversified Inc.
JAMES K. HAPP has served as chief executive officer of our subsidiary,
Tender Loving Care Health Care Services, Inc., since October 2002.
Previously, Mr. Happ served for three years as executive vice president of NCFE,
during which time he restructured the servicer department to improve operational
Performance and accelerated the utilization of technology to increase operational
efficiency. Mr. Happ also served as chief financial officer of the
Dallas-based Columbia Homecare Group, Inc., a home care company with more than 500 locations nationwide and more than $1 billion in revenue in 1997.
In this role, he directed the company through the challenging reimbursement climate, known as the interim payment system, and participated in the divestiture of all of Columbia/HCA's home care operations.

Clay and William Wexler, RIGHT-ON!

I've been bopping around and the only two people that seem to have it are you.

Don't blindly support a group. Support or blame the individuals who cause problems or positive situations.

Use the info at hand for empirical dissection of topics.