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To: Carismar

A side-by-side comparison is available here from Roy Blount's office and I'll just summarize the key missing points below (as I see them)

Why is this money not restricted to buying actual mortgages? 

Why is this money not restricted to assisting American companies? 

Ask your representative and push them to answer!

141 posted on 09/28/2008 11:35:26 AM PDT by Lloyd227 (and may God bless Oriana Fallaci)
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To: Lloyd227
"Why is this money not restricted to buying actual mortgages?"

Because it's those paper assets that threaten to vapor-lock the credit-derivatives market. That's a $62 trillion pyramid.
169 posted on 09/28/2008 11:41:39 AM PDT by RightOnTheLeftCoast ([Dukakis had a tank. Obama has a bracelet!])
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To: Lloyd227
Why does this bill not dictate that this money be used ONLY for the purchase of mortgages FROM US Institutions (no foreign investment banks)

Wellershoff of UBS criticises US authorities

The chief economist of Switzerland's largest bank, UBS, says that United States authorities should not have allowed the Lehman Brothers banking group to collapse.

Klaus Wellershoff commented in Saturday's Bund newspaper of Bern that he believed the decision not to give financial aid to the ailing group was a "clear mistake".

He also said that the planned $700 billion dollar (SFr763.4 billion) rescue package in the US was necessary to bring back confidence to the financial system.

"It is very important that the US government, whatever it does now, strengthens the financial system... Whether this programme will be enough is anyone's guess."

"We have seen the fall this week of the largest American savings bank, Washington Mutual. That shows there are still too many uncertainties around."

http://www.swissinfo.ch/eng/news_digest/Wellershoff_of_UBS_criticises_US_authorities.html?siteSect=104&sid=9779611&cKey=1222511479000&ty=nd
191 posted on 09/28/2008 11:47:30 AM PDT by jimbo123
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To: Lloyd227; All

I was showing a bunch of these movies like the “Burning down the house” one to someone last night who is one of those almost mindless die hard liberals”. After he saw them he actually believed that this was democrats fault. He said to me. “Why isn’t John McCain using this in his campaign”. I said “I don’t understand that either”.

BTW he hates Obama and is planning on voting for John McCain. He said he has not voted for a republican since Nixon.


282 posted on 09/28/2008 12:16:16 PM PDT by Revel
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