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Probably will sail right through unless the House Republicans can cause some major noise about it.

Just saw on Fox News that Mike Pence (God Bless that man) issued a statement saying, in part, “I cannot support this.”

Looks like he’s standing firm. I’m willing to bet he won’t be the only one.

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And don’t forget the committee—I forget what it’s called— of Reps and Sens that will actually take the House and Sen versions and pound out the final bill. There’s still a ways to go with this thing.

However, I have come around to believing that we don’t really need a bail out. As I’ve been trying to sell my house for almost a year the bail out would no doubt help me in that endeavor. I say that to demonstate I have not come around to this conclusion on a whim.

What we really need is: 1. For the all the people who participated in almost killing our economic system to be held accountable one way or another. 2. Bans on ploys like naked short sales, credit default swaps and spoofing. 3. Make it illegal for politicians to make law or write lending and investment rules that are meant to achieve social and/or political objectives. 4. Privatize Fannie and Freddy so they are forced to operate like a real business.

In the matter of the US Automaker bailout, I find it unacceptable that Chrysler is being allowed to come back to the trough a second time.

And that is precisely the danger with the Wall Street and mortgage lender bail out. Barbara and Chuck ordinary citizen is not calling for the bail out. It is the very people who perpetrated these scams on us in the first place—the lending and investment community and their political enablers. They not only want to enjoy the rewards of their bad behavior, they want to innoculate themselves from retribution for future bad behavior.

I see nothing in the bail out that addresses that issue. And, frankly, I don’t give a flying pig about those people who signed up to loans they knew—or should have known—they couldn’t pay.