Posted on 09/18/2008 8:19:12 PM PDT by Danae
WASHINGTON — Treasury Secretary Henry Paulson says the government is crafting a plan to rescue banks from bad debts that are at the heart of Wall Street's worst financial crisis in decades.
Paulson said late Thursday the plan will need congressional approval. He and Federal Reserve Chairman Ben Bernanke briefed lawmakers on the options they are considering.
(Excerpt) Read more at foxnews.com ...
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deadbeats live in them anyway.
“Government crafting plan”
Now that is scary.
NO RESCUE! LEAVE THEM TO DIE! END THE MADNESS.
They should just pay them off and be done with it rather than “buy” into anything else or create a new program - if they do anything. It’s not a good idea in any event because if businesses get the idea the government is just going to bail them out there is less and less reason for them to be careful and thoughtful in their business decisions. I don’t like this at all.
WE MUST ALL CONTACT OUR CONGRESSCRITTERS AND LET THEM KNOW ONCE AND FOR ALL:
NO MORE BAILOUTS!
NO MORE BAILOUTS!
NO MORE BAILOUTS!
I don’t like the looks of this. A lot of people are going to end up with free homes or get ridiculously low re-finance terms from the federal government. In essence, all of us taxpayers will be paying for deadbeats to stay in their home and keep it. You just know the libs are going to try and forgive these debts.
Yeah, and those CEO's and fat cats sitting on the 82nd floor of AIG's many ivory towers, that ran the damn company into the ground, are still counting their annual multi-million dollar bonuses.
They thank you guys for your support.
Good, now let’s force the Federal government to stop requiring banks to make bad loans. And let’s stop the borrowing sprees by deadbeats. Maybe then we’ll have a sound credit system. Oh, and while we’re at it, let’s keep the Democrats the Hell out of it.
LET THEM FAIL. It will hurt but we’ll be better off in the long run. The ones that didn’t screw up will become the new big names.
Torches and Pitchforks. Torches and Pitchforks.
“Eventually govt ends up actually owning a lot of the mortgaged properties.”
HUD was America’s biggest slumlord 30 years ago. Let’s go back to giving loans to people with good credit.
God help us all.
If all that's between us and financial oblivion is some government scheme, I feel our goose is already cooked.
If the Democrats have anything to do with it, then I don’t want the government crafting any plans.
get ready for bipartisan ponzi scheme.
that is sorta part of this plan if the Dems get their way
folks with bad mortgages get to keep their homes and we as tax payers assume the difference between the original and what they can actually afford
ain’t America great?
I doubt Mac will fight this with 47 days to go
this issue scares me in the final weeks with the media carring the water too
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