If the elections weren't so close the bailout would have passed. There's little doubt in my mind.
Fortune reports that calls to Congressional offices are running overwhelmingly against the bailout plan.
Because of the upcoming elections our elected reperesentatives were;
Forced to Listen!
That's if they would like to continue to be our representatives.
I was especially entertained by the whinning of Barney Frank. That would be the Chairman of the House Financial Services Committee. Congressman Frank has bailed us out previously twice that I can recall. We have FHA secure, a plan that didn't/doesn't work, and our new improved FHA bailout which the investors just responded to by saying, "thanks, but no thanks."
Frank is the classical example of an elected official who was suppose to monitor these institutions to make sure we didn't end up in the position that we are currently in, and now would like to point the finger at somebody else, anybody else.
Hey Barney, get a mirror!
We are being told that the markets cannot correct themselves and are being rushed into supporting a proposal that we don't know much about. There are claims of transparency, so why can't we see/understand the details.
I saw a news show this AM where the moderator was essentially stating the we don't have the capacity to understand the problem. I understand that I'm not anxious to be railroaded into supporting a $700 Billion program without knowing what it entails.
I would like, once again to ask a simple question, but this time I'll address it to Congressman Frank.
Hey Barney, Who's gettin the dough?
The time to get the answers to our questions is now. While our representatives are;
Forced to listen!
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