Deal Reached on Financial Markets Bailout

Breitbart via AP ^ | 9/28/08 | CHARLES BABINGTON and ALAN FRAM

[xtinct]

Due to AP restriction click link

[MrPiper]

add to say the WHOLE THING WORRIES ME, but that bit more so.

[randita]

What’s your take on the housing market in the next year or so?

[Vet_6780]

Money is debt which is being destroyed by paydown and default.

Every dollar of debt destroyed means that 8.65 dollars of money supply are lost due to the reserve ratio.

Things are worsening at a geometric rate.

[SumProVita]

It tells me that the average citizen needs to learn a lot more and actually participate in government.

[Jim Noble]

Here’s something they didn’t teach you: Au=real $$.

[SumProVita]

Boehner has been terrific!

[NoControllingLegalAuthority]

I read this as those whose debt is not in default and not owned by the government will have to pay by the original terms of the mortgage.

The flakes and deadbeats do not because the government can just adjust their mortgages to fit their tear-jerking circumstances.

[sirchtruth]

We all can sit here a speculate whether this "bailout plan" will be acceptable. What we need to realize is we allowed it to be "acceptable" for the crisis to happen in the first place!

I'm not paying for this! I will protest paying my taxes and I will take it to the streets!

[SumProVita]

A MOST interesting paper...

Thanks

[djpg]

This bill effectively ends the McCain campaign. If he votes for it, he loses the support of the conservatives. If he votes against it, he is seen as ineffective in his highly publicized return to Washington.

[SumProVita]

“The only reason that the House Republicans (that should be the name of a political group...they are obviously that fierce)...have any weight at all is that they command so much attention.

Why is that? It’s because they are identified with regular people.”

And because they have backbones....

[Batrachian]

"What happens in all of this to the velocity of money? I recall my undergraduate macroeconomics classes having this equation: MV = PQ, where M is the money supply, V is the velocity of money, P is the price level, and Q is real GDP."

Never mind the math. The oil and bond markets are betting that the dollar does down and inflation goes up if this thing passes.

[jd777]

Not the fed, its the US treasury.

[jd777]

TOTAL DISASTER!

VOTE NO!!

[engrpat]

I wonder if this draft includes any reins on Fannie and Freddie? These two organizations must be brought to heal.

[SumProVita]

I doubt that it’s in this bill. However, if Obama is elected, you can be sure that more money will be headed Acorn’s way. However, given the entire scope of this thing, that seems a minor thing now....

[rbg81]

acorn was probably added so that republicans would be so willing to accept all kinds of other junk just to get ACORN dropped

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Bingo!!

[SumProVita]

GE is on my S%%%% list for several reasons, one being its dealings with Iran.

[VictoryGal]

BOHICA

[MrPiper]

I read this as those whose debt is not in default and not owned by the government will have to pay by the original terms of the mortgage. The flakes and deadbeats do not because the government can just adjust their mortgages to fit their tear-jerking circumstances.

Yep, me too. If you were a flipper, and purchased a house for 250K nd now its only worth 150K, you can stop making your payments, renegotiate for the 150K/and lower fixed rate and when the new bubble brings it back up to 250K, what a deal!

Of course us taxpayers eat the lost 100K! Glad I have no kids.