I think most intelligent people know we are being manipulated all the time.
And I think most people- even fools-know most of our gov officials and big biz leaders are screwing John Q. Because we are their bread and butter.

__________________


Give me Liberty! or give me marriage!

http://saltwn.blogspot.com/

As I said, it all comes down to what's best for the country (not necessarily the individual who is losing his/her home). People were outraged about the Bear Sterns bailout, but since I work in the financial industry, it was more than clear to us that without that bailout the catastrophic fall of Bear would have brought about with it a domino effect that could have collapsed the market.

There is a lack of information and clarity on this issue, as well as disagreement on the part of many economists wherein some say the market will right itself (like in 2001 with the IT bubble) and others saying that is quite impossible. I'll have to trust them to figure it out.

While you are considering the thoughts of others maybe th eidea of what is best for America can be looked into a bit more! As our citizens pay taxes to their local and national agencies, don't they. Seeing the Govt. hasn't offered the states much in the way of help nor will they (as for America's benefit we need to spend 2 billion a week in some far of dirt country to enrich the few, which again back here so a few get more $) You say you work in the industry so you know what I am saying, don't you?

Well America's best and most important acesset is its citizens. Gee that won't sell on th emarket, but it is true! Now live with the truth,

I couldn't agree more, but you are opening a whole can of worms as there are any number of situations that fit that bill, wherein the government has turned a blind eye on dubious practices by corporations, and in so doing has screwed over Americans who when the chips are down end up paying for it.

As I am in the finance industry, it is easy for me to see the consequences of the fall of a huge financial institution - although the markets have been fairly less volatile as of late, and it would seem that danger is past for the time being. But in issues of housing I am only savvy in so far as I read about it, and you have obviously done a lot of research on the subject. Hence, I defer to people who have a better grasp on the situation than I.

I just hope that if things get really bad and I must choose between paying my high interest credit card and eating, I can count on the government to refinance it for me at a lower interest rate. If they can do that now, instead of waiting for everyone to get their ulcers, that might improve my buying power,

Dga, have you heard of David Cay Johnston, a NY Times writer for taxes. Or his latest book released in Dec. 2007, FREE LUNCH? Get a copy if you haven't read it and then tell me what you believe. It will even open
your eyes and your in the business.
Sense the Regan years the robber barons now hidden behind companies, cororations and plenty of mangagers and CEO's. Ya those who think they have devine God given birthrights rights in this country, the same who tell Bush and the govt. what to do! Th eone's who behind th ebacks of even you or the traders know what is going to happen before it happens and always sense 1929 make money not lose it like other stock players. It gives names, ploicies and not once even after being on C-SPAN has he been rebuked or any law suit made against him. Just read the book an drealize this election is a joke on us! The only chnge is that the very wealthy will continue to do a sthey please and use their political appointees to get results while the eyes are on registered lobbyist. While th eappointees get policy made and then into laws behind the back sof the fools on the hill and the American people.

Absolutely not. They brought it upon themselves, and a bailout will just make lenders even more reckless.

We just need to scrap the Keynesian Fed policies, they're the real problem.

-Dr House

Our if you cared enough you could have used my links to your elected people and have this stopped.
How do you feel about this?

Senators near housing deal By JULIE HIRSCHFELD DAVIS, Associated Press Writer
Thu May 15, 11:22 AM ET

Senators near housing deal - Yahoo! News

WASHINGTON - Key senators said they are close to a bipartisan deal on a homeowner rescue package that could help a half million strapped borrowers get government-backed mortgages.

Sen. Christopher J. Dodd, D-Conn., the Banking Committee Chairman, postponed a meeting Thursday to vote on the plan in anticipation of reaching a compromise with Sen. Richard C. Shelby of Alabama, the panel's senior Republican.

The measure also tightens regulation of Fannie Mae and Freddie Mac, the government-sponsored companies that finance mortgages.

Staff aides to both senators, who have been negotiating for weeks in search of an elusive deal, worked overnight Wednesday and were still haggling over details of the bill Thursday. One major sticking point was how to insulate taxpayers from risk should homeowners who got government help default on their new mortgages, said Senate aides, who described the talks on condition of anonymity because the agreement wasn't final.

President Bush, who has threatened to veto a similar House-passed bill, cites exposing taxpayers to potential losses as a top concern. The White House calls the plan a burdensome bailout.

(( what that translates to is I need the money for my war in Iraq, we already know Bush's position on the taxpayers by mlurp))