Replies

We ceased having a profit and loss system when the Reno Justice Department threatened financial institutions with red-lining. When the institutions caved and began the worthless paper shuffle backed by taxpayers, there was no longer a profit and loss system, only a democrat engineered socialist cesspool.

Then if all of what you say is true and I believe it is, then this bail-out is simply the redirection of the costs for sub prime loans away from the private banks and toward the stupid citizen tax payers who voted for the Democrat politicians who caused this mess.

Does anyone know where the actual text of the bill is? All I can find are the talking points on Wall Street Journal.

“We ceased having a profit and loss system when the Reno Justice Department threatened financial institutions with red-lining. When the institutions caved and began the worthless paper shuffle backed by taxpayers, there was no longer a profit and loss system, only a democrat engineered socialist cesspool”

I highly doubt 3000 points as there are safety's in the system to shut down trading. Can't Bush also shut down the Wall Street like we did after 9/11? Americans are wishy washy, they may not like the bailout, but a steep market decline will make them seek out a scapegoat. Afraid that will be Republicans if it is perceived that the lack of a Plan in the reason. I'm not so sure we aren't in a no win situation. Hope I'm wrong.