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Let the Good Time Roll!

party line I am sorry if you can feel a tone of sarcasm here, but with this bailout of Wall Street Fat cats looming, I cannot erase from my mind the thought that this is like a bunch of partygoers doing a conga line on the Titanic. If we can pay the bill - they can extend the Happy Hour a few more hours! The bill as I've read it and researched seems to be very self serving for the evil doers that caused most of this, and the passengers on the lower deck (US) are expected to pay for the party. It isn't a very comfortable feeling knowing thta we are being used. It is also the feeling of damned if you do, and damned if you don't. That is where the frustration lies. The one thing I can say is the only difference between the Titanic, and what is going on now is that at least they had a band playing background music as it went under the waves! The Senate wants to keep this Wall Street party going with no expense spared the taxpayer.

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Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO on 10/01/2008 12:42 PM

Comments (27)

Wall Street Bailout Plan in the ActiveRain Channel

housing bailout, bailout, 700k billion dollar bailout, senate, federal reserve, wall street bailout

Originally posted at: Atlanta Real Estate | Atlanta Housing News for Real Estate: Let the Good Time Roll!

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27 Comments on Let the Good Time Roll!

OCT

2008

Nutty as a fruitcake isn't it? I've alreay made my morning calls to DC... Folks need to get on the horn and make their voices heard if we're to stop this 'rescue.'

Jim - I really think that regardless of what "the people" want.... the bill will eventually pass and these fat cats will go back to business as usual at our expense.

I emailed both Senators and my Congressman yesterday. Today I called Senators Chambliss and isakson and voiced my displeasure. I hope everyone else will do the same. The bill being considered today is 450 pages so I obviously have not read it entirely. However it is full of earmarks, some of which might be worthwhile and some I'm sure are total pork.

I agree with you Jim. NAR is getting agents to send their form letter to the powers that be pushing to get them to sign this pile of crap. I wouldn't do it. Turning our financial system into the same a France should scare the heck out of everyone. The only in American that should be like France is french fries.

BTW, congrats on getting published by RE/MAX Times Online this week.

Hi Jim, I am wondering how this whole thing will play out. I guess we really don't have much of a choice do we? Just like the election.

Fairbanks Real Estate Broker Jesse Clifton (Jesse & Kathy Clifton, REALTORS - 907.699.6024 - ) I've been so vocal my senators office in DC called me!

Debbie Summers (RE/MAX Central - Lake Mary, FL) There is always the voting booth!

Bob Southard,e-Pro Powder Springs and Marietta Real Estate (Solid Source Realty) The whole bill is a slap in the face to every hard working honest taxpayer in the country!

David Slavin, ABR, SRES RE/MAX Grand, Katy, TX (RE/MAX Grand) It is sad isn't it? Thanks! I did not know REMAX was going to do that!

Lizette Fitzpatrick, Lexington KY Real Estate (Central Kentucky - Prudential Don Foster - Richmond KY) Oh we have a definite choice! Contact your representatives now. Vote!

Jim,

Thanks for the post. The public uproar is thunderous. I can only hope that the Senate has some modicum of decency to protect their constituency, by scrutinizing what is placed before them and not operating as a rubber stamp.

Here! Here! Brother!! If I came out on the front lawn and say the sky was falling no one will bail me out on a bad business decision. There are some things the fed can do responsibly without all this craziness. Think about it another way( The last time you seen most of both parties agree on anything publicly was when?)

William Collins, Broker Associate (ERA Queen City Realty) Great points! So many are total sleeze! They cannot walk away from a microphone or camera, but never really do anything for those that placed them in office. Let's see how they vote!

What has the average American not awaken from their coma and ask if the annual salary of each US senator, as of 2008, is $169300 why do they spend 10 million or more for that job? If the Presidents job pays $400,000 per year, why is Obama spending in excess of 340 million??? WTF?? It is called "Corruption!"

LETS DO SOME MATH FOLKS!

Here!Here! Brother!! When was the last time we have seen most of both parties agree on anything publicly? Something smells and it's not my socks. Umm where not we told last week the sky was to fall if it did not get passed by last Friday?

Keith Perry - REALTOR® -West Metro Atlanta (Coldwell Banker) It is so obvious what they are doing. No one should have this shoved down their throat! If they modify it, show us what the changes are!

LOL at least this proxy server error lets all your feelings known :)

Proxy Error

The proxy server received an invalid response from an upstream server.
The proxy server could not handle the request POST /action/blogs_admin/add_entry.

Reason: Error reading from remote server

Are you getting this as well Jim? With multiple comps on different op Sys and providers I am.

Apache/2.2.3 (Red Hat) mod_ssl/2.2.3 OpenSSL/0.9.8b Server at activerain.com Port 80

Jim - way back in our childhood I remember learning that Actions have Consequences. As long as the government continues to avoid that, and to substitute Entitlement for Earning, we have a longer way to go down. They should have let the failures fail - big shock, but once it was done, it would have been all uphill. Now, no matter what the government does, they've lost confidence - everyone is waiting to see, What Next?

Jim...

You know this is going to happen as soon as all of the political plays are made, and there's nothing we can do about it except commiserate!

I couldn't believe how mad all the financial show announcers were Monday when the House plan failed and they are supposed to be unbaised reporters!!!! SLEEZE! They are so stupid as they called it "The Wall Street Bailout" to create sensationalized coverage to boost ratings and notice now they are starting to call it "The recovery package", etc. to mislead Americans to fall for passing it!!!! SLEEZE!

Keep calling your reps. and hopefully tell them no, and to balance the budget. If we continue borrowing as Congress/President suggest, foriegners will quit lending us money as they know it won't be repaid (or repaid with inflation dollars) and inflation will be disasterous as the Fed will print money to pay for all the bailouts. If it was so important to rescue the credit markets the way Paulson wanted, why is congress loading it up with all these other expensive attachments and not raising the total amount of the amerndment???

Fire Paulson, vote out Congress, find an honest friend to run for government.

Keith Perry - REALTOR® -West Metro Atlanta (Coldwell Banker) I'cve been getting this one an off all day.

Sharon Simms St Pete Florida CRS CIPS CLHMS (RE/MAX Metro) I totally agree. They should have worked this hard to earn our trust and have prevented anything like this from ever happening.

Richard Weisser, Associate Broker, E-Pro ERA United Realty, Auctioneer, CE Author (Coweta Fayette Real Estate, Inc. ERA United Realty) Call your congressman and voice your opinion ASAP!

Phil I agree wiht you on every point!

I agree totally..............and really like your new profile by the way. Good job!

I agree with you Jim. So many people I've spoken too wanted this to pass...why??? Whatever happened to paying the consequences for your own bad decisions?

Rick Fitzgerald -The Multi Family Expert (AAM Capital) Thanks! This is totally amazing on how fast this is emerging!

Colorado Springs Realty Patricia Beck (Prudential Professional Realtors, GRI) Obviously there are no consequences. What have they not told us that situations is so dire that drastic measures like this were needed?

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Let the Good Time Roll!

****PASSED THIS EVENING! READ THE NEW BILL!****

LETS DO SOME MATH FOLKS!

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PASSED THIS EVENING! READ THE NEW BILL!