Unbelievable is all I have to say.  The house rejected the $700 billion bailout package.  Many House members claimed their constituents were against it.  Well guess what folks, their constituents were wrong!  What a gutless vote.  Many were against the war in '64.  No, not the Vietnam war, the Civil War.  What if Lincoln had given in to public opinion then?  This is a time to do whats right for the country, NOT whats right to get re-elected.

Paulson, Bernanke and Warren Buffet (the greatest investor of our time) PLEADED with the House to pass this, yet they did not.  These three men probably have more market knowledge than the House Members combined. 

I have seen many people in our industry against this bill as well.  Normally, I would agree that massive Govt intervention is NOT the answer-but these are extraordinary times. 

If you are a Realtor or Loan Officer and the bill DOES NOT pass in some form,  then you had better update your resume.

If there was a way to prevent the Great Depression in 1929, would you have been in favor of tax payer involvement, or would you rather just let the market take care of it?  Well, the market eventually did come back stronger than ever, but it took 15 years and a World War to do so.  Millions lost everything.

This isn't about saving Wall St fat cats, Golden Parachutes or the like.  This is about ensuring that our financial system recovers.

Yes, if the bailout doesn't happen, the Market will EVENTUALLY recover-but can you afford to wait that long?

The choice of doing nothing will be much more expensive and painful than $700 billion, without a doubt.  There are risks on the bailout package, and it will have negative aspects-but I think the stakes are too great.   Sitting still while Rome burns is not the answer.