wrote:
On Sep 23, 5:14 am, wrote:
Indeed, Hank "Rose Colored Glasses" Paulson is putting a nice bow on
the $700B gift he wants to present to the laughing stock of the
investing world...Hopefully, congress will see right through it...

Instead of letting things settle through natural attrition, where the
weak fold, and the strong survive, thus creating a stronger
foundation from which to build, he proposes to to shove $700B worth
of toothpicks under the house of cards to prop it up...

There's so much Funny Money in this economy that the paper is
worthless, as can be seen by the falling dollar....Throw another
$700B at it, and look out below...I wonder if the other world
economies appreciate that the US is being sustained by printing
presses?

I don't wish companies, or their employees, any harm, but a line must
be drawn somewhere....These criminal moves by the FED have open far
too many doors and windows....I think this should be put to vote, so
the American people can decide how their tax dollars are spent...

If you are opposed to the taxpayer-funded "bailout" email your people
in congress.

http://www.visi.com/juan/congress/


It's not a "bailout" in the traditional sense: it's an investment. The
government will eventually get its money back - just like it did with the
S&L fiasco.

You're right the problem was caused by the federal government, specifically
the mandate to make PC morgtages. That is, people got morgtages who would
never, in an honest world, have qualified for them. They got them because
various agencies and lending institutions were required to "service the
underserved." Failure to do so was evidence sufficient of incipient racism,
greed, elitism, or doing the hokey-pokey.