Quote:
Originally Posted by Rickm505
Here you call it a heist. In the last paragraph, you actually advocate the bailout. Which is it??
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What I was trying to say is that the "bailout" should be strictly in the form of a loan; with guarantee that the gov gets principal+interest on their investment to shore up the mortgage securities. I think this is a heist of sorts; that had begun with Fannie/Freddie going under and it was the last attempt to suck as much money out of the Fed before the election as possible. But the Democrats want it to be bi-partisan so they are not blamed later when everyone realizes what occurred. It was THEIR failed economic policies of forcing sub-prime loans that caused this mess; yet Obama calls it Bush's fault. That's BS and the request for the 700B is an attempt to solve a problem they created (which IMHO is 700B of earmarks for the Democratic party).