Do you think the govn’t should give Wall Street the $700b?

We don’t agree on everything, Fred, but I think you made the case quite well there.

This Bill isn’t popular, but it probably does need to happen.

what sucks is they’re busy adding ornaments to get a few more republicans(or democrats) onboard. These guys wouldn’t go for $700 billion so they added $150 billion to it.

In the House, officials of both parties said they were increasingly confident that politically enticing provisions bootstrapped to the original bill — including $150 billion in tax breaks for individuals and businesses — would win over at least the dozen or so votes needed to reverse Monday’s outcome and send the measure to President George W. Bush.

maybe it’s a good deal for $150 billion, but sure seems funny how spending more get’s people to change their vote. Funny as in “I feel funny after eating those prawns at the buffet”.

Yep, that’s right.
The Dems had to give it up to ensure enough Republicans would get on board.
The original bill was better for the people, but the RICH Republicans are going to get a bump to pass it!

Instead of giving 700B to wallstreet why don’t they give that money to help all those people who lost their homes … ?

@thisisvegas 178976 wrote:

Instead of giving 700B to wallstreet why don’t they give that money to help all those people who lost their homes … ?

I heard it won’t work fast enough.

@thisisvegas 178976 wrote:

Instead of giving 700B to wallstreet why don’t they give that money to help all those people who lost their homes … ?

There are 10,000 foreclosures a DAY in the US. I just found that out and I’m stunned to be honest. How we could get to this point is beyond me.

I guess i’m ‘blond’ when it comes to this bailout plan because I can’t figure out how adding $150 billion more (Tax Cut Extenders) is a better bill? They show race car, dart makers and other companies getting millions of dollars for what I see as crap! Please tell me what I’m missing here.

The only thing that I can think of is ‘lobbist’ and ‘earmarks’. If that is the case then I will be voting against every incumbant that is currently in office and voted for this.

@GamTrak 178985 wrote:

There are 10,000 foreclosures a DAY in the US. I just found that out and I’m stunned to be honest. How we could get to this point is beyond me.

I guess i’m ‘blond’ when it comes to this bailout plan because I can’t figure out how adding $150 billion more (Tax Cut Extenders) is a better bill? They show race car, dart makers and other companies getting millions of dollars for what I see as crap! Please tell me what I’m missing here.

The only thing that I can think of is ‘lobbist’ and ‘earmarks’. If that is the case then I will be voting against every incumbant that is currently in office and voted for this.

think of it like casino sending a player bonus money to get them to play.

less than 5% of homeowners are in forclosure, a lot of them are from people with multiple homes, ie house flippers that gut stuck, and of course people who accepted loans they knew were going to be impossible. Note many of these loans were created to fail, ie the seller and the borrower made cash with no intention of living in a home.

@allfreechips 178997 wrote:

less than 5% of homeowners are in forclosure, a lot of them are from people with multiple homes, ie house flippers that gut stuck, and of course people who accepted loans they knew were going to be impossible. Note many of these loans were created to fail, ie the seller and the borrower made cash with no intention of living in a home.

Ok, I can see that.

I also heard that only 25% of the sub-prime mess is involved in this whole thing so it goes back to lack of regulation on a lot of things which the GOP hates, but clearly needs to be done.

The US government is okay with telling it’s citizens that we can’t gamble online, but will allow our country to go to hell by allowing this type of stuff to happen. It’s crazy!

of course there is a flip side to all, regulations imopsed to have 50% sub prime loans not supported by the GOP, but forced when congress backed freedy and fanny forced this to happen. Overall 30% of all Dems, republicans, bankers and mortgage firms should all be in prison for this.