Bush Bails out troubled homeowners

[Greg Bell]

It looks like the feds are going to help out all of these people that couldn't protect themselves.

http://biz.yahoo.com/ap/070831/bush_...lump.html?.v=3

A link for a petition if you are against this.

http://www.petitiononline.com/bailout/petition.html

[Michael Larson]

One should always look out for helpul politicians because their only source of funding the help they offer is someone else's pocket.

[Randy D. Stufflebeem]

I imagine the President will somehow get crucified for this as well?
Randy

[Michael Larson]

When did it become the government's job to save the populus from their own bad decisions?
George B. is too compassionate with our money on this one.
The market was already tightening credit and solving the problem on their own. The lenders stupidly took the risk and are correcting the problem on their own.
Now if we could just get our "helpful" governmment to stay out of it.

[Joseph Burkeson, CMI]

Originally Posted by rstufflebeem

I imagine the President will somehow get crucified for this as well?

I don't know about that, but I do expect that real soon he will appear at some contrived media event (dressed not in a flight jacket but a three-piece bankers suit) filmed in front of Fannie-Mae where he prematurely declares financial victory over the evil-doer mortgage banks. Stay the course.

[Jeff Merritt]

Any time the goverment wnats to help. I want run

[Barry Adair]

Originally Posted by rstufflebeem

I imagine the President will somehow get crucified for this as well?
Randy

why waste the wood?

[Randy D. Stufflebeem]

Originally Posted by badair

why waste the wood?

Looks like Shumer, Kennedy, Clinton, Kerry, and the gang wrapping him up. Of course if they get rid of him what would they complain about. Or better yet would they finally have to come up with solutions?

[Randy D. Stufflebeem]

Originally Posted by mlarson

When did it become the government's job to save the populus from their own bad decisions?
George B. is too compassionate with our money on this one.
The market was already tightening credit and solving the problem on their own. The lenders stupidly took the risk and are correcting the problem on their own.
Now if we could just get our "helpful" governmment to stay out of it.

Agreed!
Randy

[Joe Funderburk, CMI]

Originally Posted by mlarson

When did it become the government's job to save the populus from their own bad decisions?

Probably started with the creation of FEMA.

[gbeaumont]

Originally Posted by mlarson

The market was already tightening credit and solving the problem on their own. The lenders stupidly took the risk and are correcting the problem on their own.

Deffinately worth repeating

The money men wanted to get a piece of the them burgeoning housing market and developed "Funny money" mortgages to take advantage of it, now there crying to government about their poor lending policies.

Regards

Gerry

[Michael Larson]

So you think it's the "little people" that will benefit from this government largess, Think Again

"Who will reap the billions of dollars in benefits if U.S. taxpayers subsidize the risk on all those rapidly deteriorating mortgage-backed securities? Yup, these same millionaires and billionaires, like Robert Toll or Countrywide Financial (NYSE: CFC) CEO Angelo Mozilo, who dumped tens, even hundreds of millions of dollars worth of stock just ahead of the inferno, while they were still pouring kerosene on the kindlin "

[jgroves]

Every time I hear a politician use the words compassion, needy, poorest Americans, et al, I also hear my checkbook start to whimper in the desk drawer.

[Frank M. Carrio, CMI]

SIGNATURES SO FAR

Tax Payers Against a Wall Street and Mortgage Bailout

We endorse the Tax Payers Against a Wall Street and Mortgage Bailout Petition to Senator Hillary Clinton, Senator Christopher Dodd, Senator Charles Schumer and members of Congress.


Read the Tax Payers Against a Wall Street and Mortgage Bailout Petition

NameComments3309.Frank Carrio


3309 Signatures Total

[tdietrich1]

Wasn't slavery the systematic forced extortion of one set of people's hard-work, for the benefit of another group of people?

tom