Main Street: "Bailout doesn't smell right..."

"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."

Right; "non-reviewable" supremacy.

No it doesn't smell right. It plain stinks. Democracy now's Amy Goodman compared the frenzy related to the $700 billion dollar bail out is similar to the frenzy right after 9/11 that pushed through the patriot act.

Something is definitely fishy...

"All Hail Caesar!" The days of the republic are over.
"The bill gives Paulson the ability to nationalize unlimited amount of private debt and force you and your children to pay for it."

http://www.informationclearinghouse.info/article20839.htm

"The history of mankind is a history of the subjugation and exploitation of a great majority of people by an elite few by what has been appropriately termed the 'ruling class'. The ruling class has many manifestations. It can take the form of a religious orthodoxy, a monarchy, a dictatorship of the proletariat, outright fascism, or, in the case of the United States, corporate statism. In each instance the ruling class relies on academics, scholars and 'experts' to legitimize and provide moral authority for its hegemony over the masses." : Ed Crane

I'm thinking this smells like the so-called "fiscal conservatives" getting all the cash they can while the getting's good. We (main street America) didn't share in the profits, why should we share in the losses?

Vote no Bailout.org

http://www.votenobailout.org/

Of course it doesn't "smell" right; the US government has solved a massive, massive problem in an instant; there simply has to be repurcussions, probably in the services from which tax money has been taken to pay for the bail out.

Only the rich will get bail out because if they fall many will fall with them. That would not help anyone but only bring more people to the ground. It is that chain reaction of dominoes falling.

http://www.votenobailout.org/

The most bankrupt company in the world with the highest credit card debt of them all is... the USA.

F#ck yea?

Why can't these people lose their ass and let those of us responsible folks get their house for what its really worth?.Those that lose money will be the ones that should.

Please forgive me for my ignorance (I'm not to educated on these matters)

This has less to do with the people who took bad loans
Why do people fall for the smoke and mirrors all the time

This is really about fraud
Deregulation
Privatizing of wealth
Socializing of debt
The fleecing of America

They keep saying no one really understands this. I've been watching for years. It's obvious. The problem is if they explained what happened we would demand a public hanging.

So blame the doche bag who took a bogus loan. Thinking the market would go up forever and that they could unload it in 3-5 years for a profit.

Isn't that the dream they sold with all those real estate diy shows? But it is there fault though.

"Bailout doesn't smell right..."

I think the problem is we've been holding our noses for years...

Why is it I have never heard anybody question why it is that there are so many BILLIONS of Americans that are considered to have "bad credit" enough that they are forced into having to get a "sub prime" loan? Doesnt anybody find that fact odd? Is it that Americans are just low lifes that dont pay their bills? Or is it that the banks were so greedy that they saw it was to their advantage to make sure that people's credit score just isnt quite high enough to qualify for the good loans? Did anybody ever notice that when you try to figure out what your score is and why, it is impossible to figure out even for the so called experts? Take a look at what kinds of things lower a persons credit score. Paying off your bills lowers it. Not oweing enough lowers it. Paying for the things you buy when you buy them lowers it. Having it checked when you want to buy a house lowers it. And I recently found out that changing your mind about getting a bad loan lowers it. Just because you have a low score doesnt mean that you are a bad risk or that you dont pay your bills, it just means that it is to their advantage to make sure you do not qualify for a good loan so they can legally charge you more. You cant tell me that all of the people that are loosing their homes right now are all people that shouldnt have had a loan in the first place, and it makes me sick to hear all the politicians talk like that is the case. They are people that CAN afford a REASONABLE house payment, they just cant afford to pay 4 times more than the people that suposedly "qualify" for a better loan.
McCain said that the way to help these people that are loosing their homes is to "stamp the loan agreement with big letters that say I UNDERSTAND WHAT I AM SIGNING". Nevermind that all of those people were told by the people that got them the loan "dont worry, in a year you will qualify and we will help you refinance with a better loan". I guess he believes the theory that billions of American people are just scumbags.
In this country you dont have to be a good business person, or treat your customers right, all you have to do is buy a politician.

Just call it "risk mis-management."

I thought I was the only one against this .just e-mailed SEN. Clinton and I never was more convicted to a cause as this one.

It's strange that my tax dollars are going to pay off the debts of the banks I owe money to.

I guess pornography has some artistic merit after all.

Yeah, there are 3 C-Spans and a radio stream.

But just as I posted, they went into recess. I don't know when it is coming back.

There were a lot of heated statements. They were mainly about the demand for no oversight. Both Democrats and Republicans on the floor wanted oversight.

Yep, oil is up so the bail out looks good for Bush and Co to be in line to make another big score at the expense of America. Oil is up and everything else in the world is down, i wonder how that works. We need to elect a president that know's a little more about oil, hey wait I thought Bush was an oil man, oh now I see, that's the problem!

I am soooo glad to find out this is on cspan. Thanks!

At least I can watch this unfold. I guess I should get a blood pressure monitor, probably gonna need it. :)

and the contact information is imperative. I read that only 7% of the *irrelevant taxpayers agree with this bs bailout, so wow....if only that 93% would email, phone, scream.....

*we only become relevant when they want our money....

Thank you pericles for the links

Contact Information for all United States Senators:

http://www.senate.gov/general/contact_information/senators_cfm.cfm

Contact Information for all United States Congressional Leaders:

http://clerk.house.gov/member_info/index.html