the vote is on right now! (Representatives, Republicans, represent, president)

[floridasandy]

a trader just commented that senators need to get down to do what they are paid to do and it looks like they are just giving some drama for the taxpayers. interesting!

republicans are voting against this bill 2-1.

[TnHilltopper]

Looks like the main street revolt had an impact!

[Ibginnie]

Originally Posted by TnHilltopper

Looks like the main street revolt had an impact!

Thank God!

[floridasandy]

this is fascinating. they are now saying that the bailout bill does not have the numbers to pass. great for america if it is true!!!!!

the house has officially voted down the bailout bill. thank your house representatives that did this!!

[BK2Westchester]

Originally Posted by floridasandy

this is fascinating. they are now saying that the bailout bill does not have the numbers to pass. great for america if it is true!!!!!

the house has officially voted down the bailout bill. thank your house representatives that did this!!

how is not passing this bill great for America?

The bill was clearly written to get the money back into the treasury, potentially with a profit.

What is the alternative solution?

[TnHilltopper]

Could be looking at a 1000 pt + loss today

[floridasandy]

Originally Posted by BK2Westchester

how is not passing this bill great for America?

The bill was clearly written to get the money back into the treasury, potentially with a profit.

What is the alternative solution?

keep in mind the money that would be put into the treasury would be devalued american currency. what is the advantage in weakening our own dollar? there are a million other ideas out there. why not readjust the mortgages to 40 or 50 year periods, for starters. that would certainly help to stabilize the housing market, get more americans into their own homes and get consumer confidence back. americans have all kinds of natural resources that we can start tapping into to create more jobs to generate more revenue. start with oil drilling, wind energy, coal mining, and natural gas exploration.

[walidm]

What goes down must come up...sometimes we need to let physics do it's thing

[walidm]

Originally Posted by floridasandy

there are a million other ideas out there. why not readjust the mortgages to 40 or 50 year periods, for starters. that would certainly help to stabilize the housing market, get more americans into their own homes and get consumer confidence back. americans have all kinds of natural resources that we can start tapping into to create more jobs to generate more revenue. start with oil drilling, wind energy, coal mining, and natural gas exploration.

hmm...now we're thinking. How about 100 million stock certificates held by the public?

[One Thousand]

Originally Posted by BK2Westchester

The bill was clearly written to get the money back into the treasury, potentially with a profit.

It didn't require funds be restored. It only required that the President make an effort... like anything else government, the effort is questionable.

What would he/she do? Go back and require the homeowners who the bill requires the Treasury to lower the principal or rate for go back and collect on them in five years? It's not happening.

The bill also requires that the Treasury put a minimum of 20% of the revenues back into some BS home program. (Probably just like the ones that helped get us into this... I read the bill but didn't bother to check into the programs they're trying to fund on it.)