The BUSH BAILOUT???? - Printable Version
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The BUSH BAILOUT???? - borninabarn - 09-24-2008 09:06 PM
What a Crock of ?
So lets here from you all!What do you think?All of us Middle class and Poor folks have to pay for all the Rich peoples Mistakes!I can not even make it now and I will have to pay off the wealthy CROOKS DEBT.That damn War!10 MILLION A MONTH??What a Bailout??Bush really left the next President in fine shape HUH???????THIS IS just My Opinion.I would like to hear Yours. Agree or Disagree??Thanks,Born
RE: The BUSH BAILOUT???? - jayne - 09-24-2008 09:45 PM
So Born what is your answer?Lets see shall we kick all these families out of their homes?Cuz Bubba thats what will happen.were you not listening foreign goverments own those morgages and they will see americans in the streets and those houses empty..And lets see all those who work in the housing induustry will be out of a job thats good right?Instead of your hatred for Bush find a real answer...That damn war yep its a war allright a War MY HUSBAND,MY SON,MY 3 DAUGHTERS AND THEIR HUSBANDS have fought in...A war we thought enough in to put our lives on the line for,to fight the fight in another country to keep from fighting it on our shores like Bin Ladin wanted to....In your mind can you imagine that war fought here?You cant get much poorer than this Okie but I am better off today than I was 10 years ago,and if we hadnt got hurt we would be even better...Maybe instead of spewing hatred you could come up with something better.....And just be honest a minute would anything President Bush said tonite pleased you?"
RE: The BUSH BAILOUT???? - admin - 09-24-2008 11:28 PM
Born, I suggest you research the attempted regulatory reforms of Fannie Mae and Freddie Mac in 2005, co-sponsored by John McCain and supported by the White House. The feeling then was that Fannie and Freddie had been cooking the books and were exposing taxpayers to potential disaster. That action was blocked by Democrats in the Senate. Democrats like Chris Dodd and Barack Obama, who just happen to be the top two cash recipients from those organizations. (Franklin Raines, a top economic advisor to Barack Obama, was CEO of Fannie Mae for 6 years, and was forced out for Enron style accounting fraud. His income for the 6 years? $90,000,000.00.
Plenty of blame to go around here. I blame anyone owning one or more empty homes they were trying to flip. I blame everyone who used their homes as an ATM, borrowing against the equity with STUPID 0% or low interest adjustable ARM's. I blame Republicans. I blame Democrats. I blame the greedy bankers and mortgage processors who loaned money to people who had no business getting loans for houses they could not afford.
I blame a country grown accustomed to living beyond its means.
But, Jayne is correct. I should have a solution, instead of just complaining. I would proceed with the bailout, because the alternative is economic collapse. I would limit the income of the executives, start criminal investigations into failed financial institutions, and arrange for the taxpayer to be paid first as the assets we "buy" recover and are sold off.
What is your solution?
RE: The BUSH BAILOUT???? - Wink - 09-25-2008 03:09 AM
RE: The BUSH BAILOUT???? - capricorn - 09-25-2008 07:59 AM
Love your humor , Wink!
I agree totally with what Jayne and ADMIN have said. Liking or not likeing Bush and Mc Cain is not the issue here. Saving our country is. I'm all for that and unity of both parties to work together instead of against each other. I am concerned about us. God bless.
RE: The BUSH BAILOUT???? - borninabarn - 09-25-2008 09:49 AM
I Agree with Admins.Answer.We all should be looking for a solution!
RE: The BUSH BAILOUT???? - Bad Boy Bad Boy - 09-25-2008 11:13 AM
The Tax payer's cost of the bailout would be about $4,635 per year for the working American. A small price to pay. When it all gets sorted out, and it turns around, the working american will see returns from it.
Here is something to think about also. I have been looking at Lake House. They went from $220,000.00 to $350,000.00 about two years ago. Last Winter I could have bought them for $99,000.00 & $152,000.00. Now the reason is, these people that own them, have 2 Mortgages. They need to bailout themself. So their selling them for about what they owe on them. Now I just rencently went back and looked at the area sales, and now I can buy some of these for as low as $50,000.00 being now sold by the Banks. The banks are trying to get what they have vested in these homes back with no profit. They want and are trying to bailout from them with no profit, but yet no lost. It's all one is doing is taking it off the banks hands, and helping to bail them out. One at at time. I must say, I will be buying soon in my book. I have also watched just Lake property go from from $100,000.00 & $224,000.00 drop to $45,000.00 & $99,000.00. These have no homes on them.
If I buy and when, it's not to flip it for a profit, but it will be because I could afford it then.
The bailout is well needed. We and the workers will get our returns in the end.
RE: The BUSH BAILOUT???? - Still in Limbo - 09-25-2008 11:25 AM
Too Many Foreign Countries have been Allowed to Lend monies to some of these Mortgage Companies, and by doing so, they are Inadvertently Buying Our Homes and Farms!! Too Many Countries have too much of Our Holdings in this Country, and if We don't Act,and they Call in their Markers, We could Very Quickly become a Third World Country! Some One left the Fox in the Hen House, and if We don't get 'em Out We are going to be Left with Nothing!! Something Definitely has to be Done, I Just Pray they get it Right this Time, and Protect Us, the U.S. Citizen, not the Corporate Heads!!
RE: The BUSH BAILOUT???? - Bad Boy Bad Boy - 09-25-2008 01:54 PM
Limbo, also the fact, that if those Foreign Countries where to simply pull out their stocks and funds, it would totally cripple the United States of America.
RE: The BUSH BAILOUT???? - Bad Boy Bad Boy - 09-25-2008 02:12 PM
News Flash, just came in 17 minutes ago;
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Thursday 09/25/08 02:27 PM EDT
Lawmakers Report Agreement on Bailout posted:
Members of Congress and the administration say they have reached an agreement in principle on a $700 billion bailout of Wall Street. The deal comes as President Bush prepares to host talks at the White House on the economic crisis with congressional leaders and presidential rivals John McCain and Barack Obama.