WHICH DEMOCRAT IS PROMISING HER CONSTITUENTS FREE HOUSES COME JANUARY?
I am total agreeing with you in all respects, except for one. There is more ‘debt’ that is not being disclosed from the ‘financial intuitions.’ The anticipated $850 Billion Dollars is just the icing on the cake. I speculate that it will cost the tax payers more to the tune of $1.8-2.5 Trillion Dollars.
Thanks for the insight, looking forward to your blog after the vote.
From Analysis Of Senate Bailout Bill – To Be Considered By House On Thursday, 2008/10/01 at 11:27 PM
Steve – I agree –
If you want my estimate of where the “total” might go once the banks can start dumping their bad debt on the public – on Joe Taxpayer – my guess is $7 Trillon – there is $14 Trillion in “late” loans around the world.
Then we have an added unkown – The Liberal Democratic Congress. Did anyone else see Rep Maxine Waters (One of the infamous Fannie Defenders) on Fox Business News last night – Live from the Capital – Representative Waters plans on getting involved further – after the first of the year – when “we have a Democratic President and Congress”. Her plan – forgive the mortgages of her constituents and let them keep their Houses for free”. Free for her Constituents – The Working taxpayer will be picking up the tab.
From Analysis Of Senate Bailout Bill – To Be Considered By House On Thursday, 2008/10/02 at 6:00 AM
CALL YOUR CONGRESSPERSON AND TELL THEM TO VOTE NO
Contact Your Senators Here: http://www.emailyoursenator.com/senators.html Click on your Senators, Select the Contact Folder and then click on the email address.
Contact Congresspeople: http://www.house.gov/zip/ZIP2Rep.html You’ll need your zip code
Filed under: Bailout, Bailout Negotiations, Bailout Opposition, Banking, Banking Crisis, Financial Crisis, Free Bailout Houses, Tax Payer Rip Offs Tagged: | Bailout, Bailout Negotiations, Bailout Opposition, Banking Crisis, Financial Crisis, Free Bailout Houses, Taxpayer Rip Offs