I smell Rats in Congress. Red Flags are going up everywhere.
Time to rip the lid off of this can of worms!
Why are they trying to pass this bill so fast?

The only ultimate ‘crisis’ I see is the closure of the subprime credit market.
That would be a GOOD thing, considering that is what caused this mess, but I doubt the sub prime market is what is shoring up our economy, and if it is, then that has to end anyway as shaky credit is NOT an investment, it is a risky gamble, NOT a foundation for a stable & strong economy!

We need to demand mandatory prison sentences for any elected government representative who betrays the public’s trust or acts outside her best interests.
With no painful penalties, these abuses will continue to occur undeterred.

Obama connected to Fannie Mae CEOs
http://www.youtube.com/watch?v=RbyVvcDmLhQ

Who sent money to Obama’s Campaign who are connected to the recent (and future?) Bail Outs and why?
http://www.youtube.com/watch?v=fb1SGOs3jfM

Why is most of Congress being shut out of the Bail Out negotiations & not provided any details, yet asked to vote o behalf of us?
http://www.youtube.com/watch?v=S27yitK32ds

Am I the only one who smells a skunk?

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[...] is some reason for optimism. As Curt noted the new measure appears to be much less offensive to conservatives than previous proposals. House [...]

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The thing about the old regs, Mr. bill-tb, is that is was a different lending era. Back then, they couldn’t package and inter-sell the loans. Securitization, as they call it. So old regs and old fixes don’t work today.

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Remember how the S&L’s went bust when the rules on renatl deductions were changed by these very same Democrats? One thing I have wondered, why not re-implement the same IRS rules that caused the RTC in the 70s to be formed? Lots of prime rental investment property out there now.

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I still think they should not pass the bailout… it is a bad plan, no matter how much they try to make it better, it is still no good.

Anyways, only Obama knows how to get some money… lol

THE COLOR OF MONEY
http://www.youtube.com/watch?v=fb1SGOs3jfM.

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… assuming there is any profit, of course. Buying over leveraged paper – even at a discount – for prices that were too high to begin with. Dunno…. looks like they’re all still believing in the Easter Bunny.

Then what… we increased the nat’l debt, devalued the dollar (causing higher oil bbl prices and increased costs of everything), and have zip to show for it all.

As they say… they are clueless if this will work. Pretty darned risky to roll the dice on the taxpayers dime.

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[...] Original post by Curt [...]

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Pages 21 & 22

ø(d) TRANSFER OF A PERCENTAGE OF PROFITS.—

19 ¿

20 ø(1) DEPOSITS.—Not less than 20 percent of

21 any profit realized on the sale of each troubled asset

22 purchased under this Act shall be deposited as pro23

vided in paragraph (2).¿

24 ø(2) USE OF DEPOSITS.—Of the amount re25

ferred to in paragraph (1)—¿

22

O:\AYO\AYO08B94.xml [Discussion Draft]

1 ø(A) 65 percent shall be deposited into the

2 Housing Trust Fund established under section

3 1338 of the Federal Housing Enterprises Regu4

latory Reform Act of 1992 (12 U.S.C. 4568);

5 and¿

6 ø(B) 35 percent shall be deposited into the

7 Capital Magnet Fund established under section

8 1339 of that Act (12 U.S.C. 4569).¿

9 ø(3) TRANSFER TO TREASURY.—Revenues of,

10 and proceeds from the sale of troubled assets pur11

chased under this Act, øor from¿ the sale, exercise,

12 or surrender of warrants or senior debt acquired

13 under section ø113¿ shall be paid into the general

14 fund of the Treasury for reduction of the public

15 debt.¿

Bailout Bill Text – First (not final) version received by Porkbusters from a reliable Hill source Sunday afternoon

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This is a s**t sandwich. NO rules and the same idiots who set this catastrophe up. They have no ears.

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Does this still smell like a …. sandwich for the taxpayers?

You know, if you aren’t man enough to face what caused the problem, you sure as hell aren’t man enough to fix the problem. Does it single out the cause? Who? How?

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