I have, for several days now, been crunching data.

I can't see 700 billion in bad assets. I am comming up with some where in the area of around 35 to 50 billion with one model and 300 billion with the other. (the 35 - 50 Billion is closer to what I believe to be true - if it is as they say the mortage market at the foundation).

Just whos country are we getting ready to bail out? Cause it sure aint' us.

I am fed up... We got lied to by this adminstration once before.

Any bets its happening once again?

Somebody put some numbers on here that tells me I am wrong...

Cause I don't want to be right... If I am we are being fleeced on a grand scale.

I pray that our congress and senate will vote NAY, each and every one of them.

It's the end of the world as we know it

By throwing money at these failing banking institutions, the Fed Reserve are only exacerbating what is already a dire situation, in the hope they can buy enough time to convince people that everything's gonna be alright, when it most definitely isn't.

Not "The Truth" as such, just a potential truth.

the federal reserve is a self serving institution it is not a part of the federal government

I already knew that, but thanks for caring & sharing.

Methinks AB, it is the bailing of the Titanic...

when incestuous relations are encouraged between nations, and the attraction is money, power, etc... what happens when the wealth starts to diminish?

It appears similar to a tycoon facing bankruptcy, he throws more money on the illusion... rather than fessing up, and losing false status.

The US likes to be seen as the all powerful nation globally... (propaganda)...and when it is glaringly obvious that the peoples of this nation aren't doing so well... to the rest of the world... one must PRETEND to be fixing it.

Illusions hurt when reality bites.

You are bailing out CHINA.
You are bailing out BUSH.
You are bailing out CORUPT INSTITUTIONS.

McCain has suspended his campaign so he can go support BUSH.

Well people have been saying that 700 bil is not what the govt. will actually need.

How can it be a bail out when it will just be making doing what the banks have been doing all along? Making loans affordable for people who borrow?

I'm thinking let people have what is affordable with some interest is better than letting people just walk away because banks won't renegotiate with the borrowers.

I like what Rep. Holt said...we help Wall St by helping Main St.

Actually I think they should force the banks to lower ALL the interest rates.. on every loan, including credit cards. It's a disgrace what they have been doing.

You seem to have a very SOCIALIST point of view.

as best as I can make out here, Congress and the White House pushed Freddie and Fannie to get more low income people into homes. the ownership society. So, Freddie and Fannie loosened their mortgage criteria

and because of that the private mortgage companies (Countrywide, Greentree, Ditech etc) were able to go crazy getting zillions of people into homes that could never afford it. partially predatory lending and partially stupid consumers

Freddie and Fannie back the mortgage loans for these people (and the ones who CAN afford their mortgages). If they go under then millions of people will lose their homes

so basically the American people are donating their tax monies to save the homes of a few million other Americans

The fat cats became pigs, and the pigs became HOGS
it's greed pure and simple....

why should we bail the HOGS out so they can turn around and do the same thing again

These big companies made their beds, and they should lie in them...

No matter who gets in the White House, you can best believe there will be NEW TAXES, and the little guy will have to pay them...

This is just the beginning of a downward spiral...

does America want 4/8 more years of this $#!T, I say NOT!!!!

Uh nooooo.... I believe that sensible govt. is the best govt. Absent good sense is what we have today. There is a fine line to walk to KEEP good govt & that hasn't happened for a while. That's why we're in the mess we're in & it's a pox on BOTH partys' house for this lopsided mess we are in.

As I said before & I believed this for a looooong time...that the banks should not be charging these outrageous interest rates. We are doing them a favor with our purchasing power. It's time to say buh-bye to the global economy & start making the bacon at home & not with this paper tiger that's been passed off as our economy. That was what we got in exchange for our business & indistry on the global market...unfortunately there is no sub for the real thing.