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09-20-2008, 03:19 PM
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Senior Member
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Join Date: Jul 2008
Location: Seattle, WA
203 posts, read 131,270 times
Reputation: 75
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Draft Text of $700 Billion dollar Financial Sector Bailout Plan
Well here you go, I did some searching and here is the draft text of the bill that congress is now reviewing and most likely will pass. Please leave your comments below after you read through it.
Text of Draft Proposal for $700 Billion Financial Sector Bailout Plan
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09-20-2008, 03:33 PM
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Do Not Steal, the socialists hate competition
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Join Date: Oct 2007
Location: Here today, gone tomorrow
5,530 posts, read 2,640,601 times
Reputation: 1271
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I like how they are also buying loans on COMMERCIAL properties that went bad... Donald Trump and developers must be happy....
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09-20-2008, 03:55 PM
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Senior Member
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Join Date: Aug 2007
Location: Fort Myers Fl
1,222 posts, read 583,448 times
Reputation: 343
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Quote:
Originally Posted by evilnewbie
I like how they are also buying loans on COMMERCIAL properties that went bad... Donald Trump and developers must be happy....
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I believe that is the next thing to fall. May as well "Nip it in the Bud" |
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09-20-2008, 04:30 PM
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Having All The Fun I Can Stand
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Join Date: Mar 2008
Location: Rhode Island
936 posts, read 580,106 times
Reputation: 898
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Thanks for this information! I didn't run across any of this in my travels!
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09-20-2008, 04:35 PM
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Depression 2.0 coming to a street corner near you.
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Join Date: Nov 2007
Location: America
5,119 posts, read 3,451,667 times
Reputation: 901
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buy up mortgages, "fix them" so people can continue paying. Our over seas financial masters (FCB and FWF) don't come after us (the united states) for defaulting. Oh and save the Feds buddies on wall street. meh, whatever.
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09-20-2008, 04:46 PM
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Buy Handmade
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Join Date: Feb 2008
Location: In my playhouse.
1,048 posts, read 639,745 times
Reputation: 1663
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So now the Government is getting into flipping houses & businesses? Smoke and mirrors..................big groan here. I wish I could make large sums of my personal debt disappear too. Big money players playing. The very sad part of this mess is it will hurt the wage earner and help big money.
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09-20-2008, 05:36 PM
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Senior Member
Status:
"I didn't take the "Blue" pill"
(set 20 days ago)
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Join Date: Sep 2007
Location: Great State of Texas
11,035 posts, read 4,049,946 times
Reputation: 2231
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So does this piece mean no one can stop or reverse any decisions made by the Treasury nor can they review it before it's made public ?
Boy..talk about a blank check.
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
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