Theodore's World

Unfortunatly the American taxpayer will have to bailout Wallstreet in the short term. To do other wise will see your economy collapse and take everyone with it. This is no longer about saving the 'fat cats', it's about ordinary people being able to keep in their homes, their retirement funds intact, and their jobs. College loans would be affected as the credit crunch bites and young people could even find it nigh impossible to leave their parents. Nobody will be able to invest in property rentals. It didn't escape my notice that Wall Street lost over 1 trillion dollars overnight. That is far in excess of the rescue package. I find it extrodinary with the amount of bickering and pointscoring going on inside your political houses. Someone needs to tell them to take the thumbs out of their mouths (like the babies they are) and take ownwership of this hideious mess. Both sides of government are at fault for not keeping an eye on this people. They were allowed to run amok with the American peoples investments and got creative in cobbling together shoddy deals. Your meltdown is effecting the entire globe and as everybody knows all our economies are all interlinked with one another. The only saving grace for Australia is that we are in surplus and our financial institutions are closely regulated by independant regulatory bodies. Stil, it is going to have a HUGE impact on my husband & I as we are gearing up for retirement. My husband as serious skin problems and I figured that at 59 years, one more year would do. But at it stands we have seen thousands wiped off his retirement package.Anyway, if your government keeps dithering you can expect the economic elvator to go into freefall, destroying banks, companies (big & small)and see Aemrica slide into a deep deep recession....if not Depression. Millions will lose their homes, their jobs, their life savings and that future you had planned for your kids will evaporate overnight as credit dries up around the country. Well guys, it's really is your call....politics aside, most global anyalists agree. It will be goodnight America, it was nice knowing you while it lasted. And as a poisonous sidedish, the straw that could finally break America's back is your rampant uncontrolled alien immigration. Those guys are bleeding America to death.

Wild thing: I posted this on another thread...but I have reposted it here because the original is buried way down the list of other posts. Also I believe that Bush & McCain tied to regulate these guys to stop their cowboy culture ways...but the Dems nixed it in your Congress. Obama interestingly knew ALL about what Fannie Mae was up to all along. Watch this video in how the CEO of Fannie calls the Democrats.....FAMILY!!

http://www.youtube.com/watch?v=usvG-s_Ssb0

That is an accurate picture of Plosi. She looks old and sour. Like Master Po said to Kwai Chain Cain 'When you can take the pebble from my hand it will be time for you to leave.'.

Well she'll never be able to find the pebble let alone snatch it with quickness and agility but it is still time for her to leave, put out to pasture, with the rest of those 'lemons'.

I guess it was her speech before the vote where she blamed Bush,...surprise, surprise.. for this current crisis, that pissed off the Republicans along with the fact that they weren't even invited to the meeting to restructure this bag of dung.

Plosi and company are to blame and they are running around doing damage control trying to place the blame anywhere but where it belongs, On them.

We must keep the pressure on our representatives not to pass this piece of garbage and let Wall Street get out of this mess on their own. They were smart enough to get into it let them find the smarts to get out of it.

Well if Pelosi thinks that Barney Frank did a good job then she should be happy with this mortgage meltdown. Frank was a major architect of this mess.

I just hope that in a month there is a major turnover in the Congress, especially on the Dem side. If Obama gets elected and Pelosi and Reid maintain their positions, America is lost. They will gobble up all our earnings as taxes.

Glad I stocked up on ammo and bought a couple more guns when it looked like Obama was going to be thr Democratic Presidential candidate.

Chicken Little's 'The Gang That Couldn't LIE Straight' crashed and burned yesterday! The sun just came out, and we have a non-sky is falling wonderful day so far. Imagine that?! NO WAY should OUR government buy out 3 million sub-prime homes for socialistic purposes. NO WAY!! Pelosi's 14% approval rating just CRASHED, eh? Like they said in 1929, "IN GOD WE TRUST...ALL OTHERS PAY CASH!"

This shrew is off her rocker. You can only imagine what her dreams are like. In another age she'd be attending public hangings giggling and drooling on herself. A disgrace to America and her party.

Lynn, thanks for the video in your comment.

"Watch this video in how the CEO of Fannie calls the Democrats.....FAMILY!! "

Mark, I agree with what you said so much. I agree too we must keep the pressure on.

I spent some time this morning calling in my State and thanked Vern Buchannan for voting against it.

Tom I hope so too, if we could only get back in the majority and get rid of Pelosi, Reid and Frank, get them voted and kicked out that would truly be a miracle.

Darth, exactly.

The way they were doing their fear mongoring (spelling) it sent of an alarm to me to really try and see what this was all about and who was to blame. Then top find out it was like Rush said ONLY the democrats that did this and they want to blame Bush and his administration......good grief, Pelosi must think we are stupid.

Our country has been through a lot and we have always come out ahead and we will again. This trying to make people afraid and then not naming names of who is at fault and not making them own up to it and pay in some way for what they did bugs me.

Rhod,she sure is!! I wish her party would get fed up with her antics.

Mark, Who says 'wall street got into this mess on thier own'.? The sub prim market got a big boost in 1992 when D-Tx Gonzalas write the The Federal Housing Enterprises Financial Safety and Soundness Act of 1992, which authoized Freddy/Fanny to buy up sub prime, Also when Freddy was being punished for Fraud, it was paying Dems big bucks to fight new regulation (proposed by the current adm and a republican congressman -- Baker). In a big free market, who would think that any thing with 'fed' written on it is not a good invenstment. The Morgage industry backed new regulation in 2003. Dems (on Freddy Mac payroll) objected. Conservatives never had a majority in the Senant, by the way.

Financial markes only work smothly with good regulation. The government is involved.

"Unfortunatly the American taxpayer will have to bailout Wallstreet in the short term."

AHHH, NO!

I'm a capitalist, you invest poorly; you go hungry.

Life's tough, it's even tougher when you're stupid.