Well......THE Bill just passed

[mtnhomechick]

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To be honest, I am very scared for our children and our grandchildren. Now is the time to cut the pay of those entirely to high paid people in Washington and use some of the to help pay our nations debt off.

OH........I more than agree. But how can we do that when THEY hold all the cards. Nothing like good ole taxpayer representation. Remember this folks in the next election.

 

[andehens]

So much for it doing any good calling them and asking them to vote no! I wish I knew what it all meant for sure.

 

[Flufnstuffs~FluffySilkies]

What ever happened to the simple but true statement.

You can't fix someone elses house when yours is broken.

We need to fix our own house first.

We need to start pouring the countless billions we send to other countries and causes in to the good old USA.

 

[PurpleChicken]

I was opposed to passing of this bill.

In my opinion the market will correct itself over time. Proper regulation is required.


Who is to blame?

Let's go through the timeline:

The Carter administration
The Clinton administration
The Bush administration - Bush DID WARN ABOUT THIS but did not follow through
The Federal Reserve - They through out money like is was water
Mortgage brokers for pushing bad loans
Wall Street firms trading bad paper and fudging accounting
Banks
DUMBA** citizens for taking mortgages on houses they could not afford and failing
to read the fine print

Mostly I blame the congress and senate. Mannie May and Freddie Mac donated
HUGE amounts of funds to politicians on both sides, more so to democrats.

Who received the most?
Senator Chris Dodd, Barney Frank, Barrack Obama (yup).

McCain recieved $20,000 over 18 years.


Funny how all these guys are covering for their own lack of action and blatent
greed and corruption.

 

[marymac]

I guess we are our Brothers keepers, and we tend to turn the other cheek.

 

[gumpsgirl]

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Bottom line... It means that our country is another $700 billion in debt. That's just not what our country needs right now.

 

[mtnhomechick]

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AND .... Let us not forget MR. GREENSPAN. Who passed a tech bubble into housing by constantly lowering rates.

 

[rebbetzin]

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HEY!! I was gonna say that!! We are in for a wild ride...

 

[texaschickmama]

I want to see an investigation in all of this. I want someone indicted. I want someone's head on a platter, this is pure ludicrous.

 

[mtnhomechick]

OMG........Now, I have to listen to Bush...............

Telling me how great this is.............