:rofl: You're joking right. This has to be sarcasm... Bad debt will become good debt? If only that were true. This bill was nothing more than a band-aid on a bleeding artery. It would have soaked up the mess momentarily and then been proven useless. We must have fundamental reform in our economical system to get back on track. Throwing borrowed money at bad debt isn't going to fix anything. I am very happy that the people spoke out and this sorry excuse for a fix failed.
If the stupid bitch had waited a couple of hours, she could have given her speech after the bill passed. She's pretty f*cking stupid...:hihi: [MEDIA]http://www.youtube.com/watch?v=VMLo7i38D58[/MEDIA] Did she fart at the 13:04 mark....? I think she farted! Let's go back four years shall we.... [MEDIA]http://www.youtube.com/watch?v=_MGT_cSi7Rs[/MEDIA]
Let the country correct itself for the most part. A full bailout will put some life in the economy in the short run but will not benefit us down the road. People are looking for what will help them asap, but there is no perfect answer and people will suffer no matter what. PS. Screw the jews, get back to work. I wonder how many reps changed their votes today, whether right or wrong, just because of complaints from their constituents and they immediately thought about their re-election instead of the country. I'd imagine there is a large number.
I'M MAD AS HELL!!! [MEDIA]http://www.youtube.com/watch?v=ZR5ekEuGyvk [/MEDIA] That is some strong language from a female democrat! Wow! Something tells me that she voted NEY! Also, notice that she said this mess goes "back 15 years". [MEDIA]http://www.youtube.com/watch?v=bHFoKzgkLi4 [/MEDIA]
that won't happen, not at all. this bill or some form of the bill will be passed eventually. the bill was 13 votes short and the market reacted to something that was unexpected. but also take into account citigroup move to buy wachovia. also, its the end of the quarter and things tend to get shaky around this time anyway. this was just a panic because the markets expected one thing, and got another...things will calm down. hell, i bet the market post a gain tomorrow.
I can't watch the videos at work, so i don't know who you are talking about, but here is the roll call of who voted for and against the bailout. http://www.foxbusiness.com/story/markets/economy/voted-b-rescue-package/
The mortgage bonds are illiquid right now because nobody knows their fair value and they cannot be traded on such uncertainty. They are still asset-backed and will be worth quite a bit in a few years when the smoke clears.
I was just looking at that. She did vote against the bill. I'm sure she and I would disagree on about 90% of the issues...but on this, we're in full agreement. The president came out again this morning and stated that we had to do something. He was visibly upset that the bill did not pass. I'm sorry for him. The time to do something was years ago. This knee jerk reaction is not good for our country. We will suffer as a country and we will probably lose this election to obama. We deserve what we get. Hopefully history will remember who really caused this mess. Throwing $700,000,000,000 at this will be a very temporary fix and a complete waste of money. They say we may now get a better bill....whatever. The next option will surely be an even larger waste of money. It is sure to be filled with concessions to the democrats and more money allotted to their socialist agenda. Hopefully we can kill that piece of garbage also.
Bull****. I currently manage a mortgage company. I once owned a business that dealt in the secondary market. Just where are you getting your numbers? No one on the planet is willing to touch these investments...except our government. Why do you think that is? These mortgages are not worth the paper they're printed on. Not only is the government wanting to purchase these worthless securities, but they're also wanting us tax payers to insure the rest of the worthless crap out there. Why? In anticipation of the bill's approval, our rates and minimum credit scores dropped yesterday morning. The changes were set to go into effect on Wed. Obviously that isn't going to happen now...I say GOOD. Haven't we learned a damn thing? I'm not an economist...but common sense tells me that this is not a good plan. I do understand capitalism, and this is not it.
As much as you want to go along with the masses of republicans and but some blame on Pelosi, I found this report quite interesting yesterday. Take it for what its worth, but the facts are there, I heard Gingrich on NPR yesterday morning urging repubs not to vote for this bill.
