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Dogs greeting their owner, returning after 14 months in Iraq
Bail-Out Fails! - Ron Paul Speaks About The Bail-Out Vote
Do you really think this is a bailout of Wall Street? No, this is a bailout of all the citizen debtors who never had the ability to pay their mortgages in the first place. By transferring these bad mortgages to the govt, these homeowners are getting a reprieve from foreclosure.
You can be sure the U.S. govt is a much more lenient lender than these banks ever will be.
America, what are you doing???
Paulson Blames Congress For Thinking He Rejected Oversight
It seems like all the sifters here just love throwing brickbats at Washington politicians. That's fine if the arguments raised are valid, but Hank Paulson is doing a god awesome job of fixing and resolving the biggest financial crisis facing America since the Depression.
Yes, Wall Street messed up big time, but nobody in the White House seems to be interested or competent enough to do anything about this crisis. Hank Paulson and the Fed are trying to hold the system together and this is CRUCIALLY important to prevent America slipping further into a really bad recession.
Congress should be passing this bill immediately to stabilize the ship and not dawdling on whether they should be bailing out Wall Street firms. I'm all for making the idiots in charge at Wall Street pay, but shoot the culprits after the American economy is saved, not before.
This is not a situation where you are invading a country in the hope of looking for weapons of mass destruction. The financial weapons of mass destruction HAVE ALREADY detonated on Wall Street and all of America is going to pay a sorry price for this reckless regard for risk. The issue now is containment of the fallout and how to prevent America suffering more.
And to those who think American taxpayers should not be paying for Wall Street's mistakes, think again - YOU ARE going to pay for those mistakes even if this US$700b facility doesn't go through. The check is just not upfront, but paid later on when Americans start losing your jobs and homes in a deeper recession.