Bailout Bill Heads For Critical House Vote

President Says Revamped $700B Plan Is "Best Chance" To Restore Calm To Financial Industry

(CBS/AP)  A wave of House converts jumped aboard the $700 billion financial industry bailout Thursday on the eve of a make-or-break second vote, as lawmakers responded to an awakening among voters to the pain ahead of them if stability isn't restored to the tottering economy.

Black lawmakers said personal calls from Democratic presidential nominee Barack Obama helped switch them from "no" to "yes." Republicans and Democrats alike said appeals from credit-starved small businessmen and the Senate's addition of $110 billion in tax breaks had persuaded them to drop their opposition.

"I hate it," but "inaction to me is a greater danger to our country than this bill," said GOP Rep. Zach Wamp of Tennessee, one of the 133 House Republicans who joined 95 Democrats in rejecting the measure Monday, sending the stock market plummeting.

Still, the outcome was far from assured. Vote-counters in both parties planned to huddle first thing Friday morning to compare notes on coming up with the dozen or so supporters needed to reverse the stunning defeat.

A CBS News poll showed that while the vast majority of Americans feel the financial crisis is a national problem, voters remain split on whether the bailout is the right solution.

Lawmakers were agonizing as they decided whether to change course and back the largest government intervention in markets since the Great Depression. "I'm trying desperately to get to 'yes,"' said Rep. Carol Shea-Porter, D-N.H.

Fears about an economic downturn sent the Dow Jones industrials down nearly 350 points Thursday, three days after Monday's historic 778-point drop. The Federal Reserve reported record emergency lending to banks and investment firms, fresh evidence of the credit troubles squeezing the country

Obama and his Republican rival, John McCain, phoned reluctant lawmakers for their help. McCain, in Denver, predicted the bill would pass the House.

Rep. John Lewis, D-Ga., told a closed-door meeting of House Democrats that he will support the bill after speaking with Obama about it. Other wavering lawmakers said Obama's entreaties had swayed them as well.

Congressional leaders worked over wayward colleagues wherever they could find them.

Rep. Steny Hoyer, the second-ranking House Democrat, said there was a "good prospect" of approving the measure but stopped short of predicting passage — or even promising a vote. Nonetheless, a vote was expected on Friday.

"I'm going to be pretty confident that we have sufficient votes to pass this before we put it on the floor," Hoyer said.

The top Republican vote-counter, Rep. Roy Blunt of Missouri, did predict the measure would be approved.

"A lot of people are watching," Bush pointed out — as if lawmakers needed reminding — and he argued from the White House that the huge rescue measure was the best chance to calm unnerved financial markets and ease the credit crunch. He was calling dozens of lawmakers, a spokesman said.

Minds were changing in both parties in favor of the much-maligned measure, which would let the government spend billions of dollars to buy bad mortgage-related securities and other devalued assets from troubled financial institutions. If the plan works, advocates say, that would allow frozen credit to begin flowing again and prevent a serious recession.

GOP Rep. Ileana Ros-Lehtinen of Florida, said she was switching her "no" vote to a "yes" after the Senate added some $110 million in tax breaks and other sweeteners before approving the measure Wednesday night.

"Monday what we had was a bailout for Wall Street firms and not much relief for taxpayers and hard-hit families. Now we have an economic rescue package," Ros-Lehtinen told The Associated Press.

Republican Rep. Jim Ramstad of Minnesota also switched to "yes," partly because the Senate attached the bailout to legislation he spearheaded to give people with mental illnesses better health insurance coverage.

Rep. Gresham Barrett, R-S.C., also said he'd back it.

Democratic Rep. Emanuel Cleaver of Missouri was switching, too, said spokesman Danny Rotert, declaring, "America feels differently today than it did on Monday about this bill."

And Democratic Rep. Shelley Berkley of Nevada said she would back the bill after business leaders in her Las Vegas-area district made it clear how much it was needed. She said, "There isn't a segment of the population that hasn't been slammed and is not asking for some relief."

Rep. Elijah Cummings, D-Md., said he was on the verge of voting "yes," based on conversations with Obama. "I've got a man who I'm hoping will be president who's saying that's he's going to do the very things that I want done," he said. "It makes me feel a lot better."

Rep. Bobby Rush, D-Ill., also said Obama was asking him to reconsider his vote. "I'm seriously listening," Rush said.

Emboldened by the feverish bidding for votes, other members of both parties were demanding substantial changes to the legislation before they would vote for it. A group of Republican opponents indicated they'd back it if the price tag were slashed to $250 billion and several special tax breaks added by the Senate — including for children's archery bow makers, imported rum producers and racetrack owners — were removed. Democrats wanted to add a way to pay for the bailout and more help for homeowners staring at foreclosure.

Speaker Nancy Pelosi, D-Calif., said no, such revisions were impossible because they would slow the measure's enactment and further shake markets.

"I don't think that any changes here will do what we need to do, which is right now to send a message of confidence to the markets that Congress will act," she said.

The Senate breathed new life into the measure Wednesday after the stinging House defeat, voting 74-25 to approve the bailout, with additions designed to appeal to key constituencies. Business lobbyists were also inundating Capitol Hill in a rush to win over wavering lawmakers in both parties.

The changes helped satisfy some Republican critics, but they angered conservative "Blue Dog" Democrats who are concerned about swelling the deficit. Still, Hoyer predicted the number of Democratic defectors "is going to be minimal."

Basically, the Senate took the $700 billion package that failed Monday, increased FDIC deposit protection up to $250,000 - but then added almost every popular tax break circulating on Capitol Hill, reports CBS News correspondent Wyatt Andrews.

Among the breaks: adjusting the alternative minimum tax to keep 25 million people from paying higher taxes next year and tax credits for the wind and solar industries - to create new jobs in dozens of states.

Some of the tax breaks are aimed directly at winning new votes. Extra funding for rural school districts, for example, is highly popular in the far west, where 51 House members voted no. And a $1000 tax credit allowing families to offset property taxes is being pitched to liberals as tax relief for the middle class.

House Republicans also cheered a decision by the Securities and Exchange Commission this week to ease rules that force companies to devalue assets on their balance sheets to reflect the price they can get on the market.

The developments Wednesday prompted one Republican, Rep. John Shadegg of Arizona, to say he would support the new bill.

Bush, meeting with business executives at the White House, said increasingly tight credit markets are not just hitting big banks in New York City but threatening the existence of small businesses across the country.

Democratic leaders circulated data showing which states benefit most from an extension of a tax break for homeowners who do not itemize their tax returns. Texas, Florida, California and Pennsylvania ranked among the highest. The leaders hope the measure will bring support from black lawmakers, many of whom voted "no" earlier this week, among others.

[spiritwalk]

What I have been able to ferret out is that the Senate Bill contains riders for $200 million in tax breaks for..

manufacturers of children''s wooden arrows
Puerto Rican rum distillers
wool research
& auto race track construction

This is obscene and these people need to be driven out, not voted out of Washington.

[spiritwalk]

Abolish the Electoral College! One man, One Vote!

All incumbents OUT!
Posted by curse914
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I say just the opposite. Let the electoral college vote for President, just as the Constitution originally said. The voters have shown that they are too stupid and too easily influenced by 30 second sound bytes of BS to be allowed to make decisions.
And...abolish political parties and return the election of senators to the state legislatures.
They wrote those concepts into the Constitution because they knew that the general public were nothing but a mob of baboons who could be manipulated and they wanted to limit their overall influence to just selecting house members.
When you look at the mindset of these senators and realize that the people have let the election get down to 2 of these thieves you have to start wondering.

[spiritwalk]

Well we all know who is resposible for tax breaks for corporations ao we should be good patriotic Americans and keep our mouths shut.
Posted by mrs_premise

------------------------------------------------------

I know you are joking, but somebody actually said that to me this week and she was not joking.

[clpeffer]

A vote for a bailout is a vote against everyone who is currently in office. We need to stop bailing out Big business.

[spiritwalk]

JUST SAY NO!!!!
----------------------------------
----------------------------------------
------

Posted by FREEDOMBIKER
=======================
That would be unpatriotic and giving the terrorist hope.

Posted by mrs_premise
------------------------------------------------------

I guess I was wrong, you weren''t joking.

We definitely have to stop the general public from voting.

[rcsully65]

I said anyone who voted yes for this mess would not get my vote. Hello Ron Paul do you need one more vote.

[spiritwalk]

It is all about BS. Take one example.

Bill Gates is being canonized for his charity work. The amount of money the Bill & Melinda Gates Foundation gives to charity comes from a tiny portion of the extra profits Microsoft made by outsourcing jobs from the US.

He has his cute little commercials with Jerry Seinfeld that are designed to make you love him. Of course, seinfeld isn''t much better. He bought a city block of NYC apartments and didn''t turn them into more housing for people, but housing for his car collection.
And we thought Michael Richards was the ******.

[craigh9]

The whole country is enraged that we need a $700B bailout - so our wonderful politicians decide its in our best interest to inflate that by an additonal 15% to "sweeten" the deal. What a bunch of idiots.
I call on the american people to cast every vote they have over the next 6 years AGAINST EVERY CURRENT MEMBER OF CONGRESS. Don''''t even think about an individuals competency, just replace them all.
The ONLY chance we have to get out of this mess is to eliminate every single politician that have shown themselves completely unable to function for the good of the country - it always starts with "what''''s in it for me" or how can I twist a horrific situation for US citizens into political gain for myself.
GET RID OF EVERY ONE OF THEM.

[brianbwb-2009]

Tell your representative that "yes" (now) means "no" (re-election)

[nolalou]

he whole country is enraged that we need a $700B bailout - so our wonderful politicians decide its in our best interest to inflate that by an additonal 15% to "sweeten" the deal. What a bunch of idiots.
I call on the american people to cast every vote they have over the next 6 years AGAINST EVERY CURRENT MEMBER OF CONGRESS. Don''''''''t even think about an individuals competency, just replace them all.
The ONLY chance we have to get out of this mess is to eliminate every single politician that have shown themselves completely unable to function for the good of the country - it always starts with "what''''''''s in it for me" or how can I twist a horrific situation for US citizens into political gain for myself.
GET RID OF EVERY ONE OF THEM.

Posted by craigh9

While nobody is happy about this situation, congress has been left with few options, some form of ''rescue'' package has to pass, or credit will continue to freeze up, effecting millions of Americans, not just Wall Street firms. Replacing the entire congress, besides being next to impossible would mean 435 novices! You really think that would be better???

We have to get past this point, after the rescue package, to get real reform of the system so this does not happen again! We need to stop this failed policy of de-regulation that started with President Regan! The idea the government gets in the way of free enterprise, and that Wall Street can police it self with no oversight has been proven to be a bankrupt idea!

[gumpybear]

Well before they hand anyone any of this money I better see a lot of arrests being made...I want to turn on CNN and see a couple CEO''s getting tasered!...I want to see an LA helicopter filming a car chase with an investment banker at the wheel...Don''t even try and tell me these people will not be punished for there actions...No money for criminals...

[redbds]

We have to get past this point, after the rescue package, to get real reform of the system so this does not happen again! We need to stop this failed policy of de-regulation that started with President Regan! The idea the government gets in the way of free enterprise, and that Wall Street can police it self with no oversight has been proven to be a bankrupt idea!

Posted by nolalou at 09:48 AM : Oct 02, 2008

This has nothing to do with deregulation. It has everything to do with lending institutions making bad loans to people that could not afford the homes that they were buying. This all goes back to the Clinton administration and the push to get everyone into their own home, regardless whether or not they could afford it. groups like ACORN pressured lenders to make bad loans and now we are facing the consequences. Funny how Oblama is linked to ACORN. Is that coincidence or is it a sign of things to come if Oblam get elected? I say if Oblama is elected we are all going to be in much more trouble.

[incog-nito]

redbds: It''s both bad loans AND deregulation. You already talked about the bad loans. Deregulation allowed commercial banks to use their assets in high-risk investment schemes. That is precisely why a lot of companies in trouble are investment banks. Bad loans alone would be a lot easier to deal with, because we would be dealing with tangible property instead of non-tangibles such as derivatives.

The wall of separation between commercial and investment banking needs to be restored.

[benice6]

THIS NATION DESERVES A GOOD FINACIAL-ENNEMA.

I KNEW WE WOULD BE IN TROUBLE 20 YEARS AGO WHEN I STARTED SEEING THOSE FURNITURE COMMERCIALS ON TV ADVERTISING WHERE "YOU DON''T HAVE TO PAY A DIME FOR 2 YEARS."

WE ARE A NATION OF "I WANT IT NOW,..AND I DON''T WANT TO WAIT."

WE ARE THE ONLY PEOPLE ON EARTH THAT YELLS AT A MICROWAVE-OVEN TO "HURRY UP."

I''M GLAD I GROW MOST OF MY VEGGYS IN MY GARDEN AND
I KNOW HOW TO CAN MY OWN FOOD. THE FUTURE LOOKS A LITTLE DISTURBING.

[tonysp2]

I worry about Obama''s support of this $700 billion dollar bailout. The $700 billion bailout is probably just a major financial swindle by Paulson and the Bush and Cheney families before they have to leave office. If that turns out to be true, Obama will not look very good wasting all our money.

[credibility2]

What the Senate passed last evening was the proverbial pig with lipstick. This was the same bailout plan the House rejected on Monday, only it was embellished with earmarks and pork for tax extensions to aid Hollywood producers, wool research, wooden arrows, rum manufacturing, etc. have absolutely nothing to do with the current crisis. It''s joke that the Senate continues to reward lobbyists and special interests with these sweetheart welfare deals. I hope the House soundly rejects the embellished bailout plan.

Stop blogging e-mail or call or do both and tell them NO!. Let them know if they say YES at election time, you say NO and that you will tell all your friends!

Blogging won''t change this, actual contact. Might.

Get going!

[Renegade.Rivers]

I am kind of wondering why the stock market is still tanking today since the bill passed the senate. I would have thought it would have been off to the races after hope for a bailout. Could it really mean that the economy is a lot worse off than we thought, and that this bailout is no more than "a pig in the poke?"

[sly_64]

Any Bill with Golden Parachutes in it HAS TO BE THROWN OUT !!

[mkrafft1]

I''d be willing to bet that if all of the Reps and senators who vote in favor had to sign a letter of resignation pending the success or failure of the plan there would be very few yes votes. It''s our money, hold them and their positions accountable for these actions.

If they really think this will turn a profit then let the wizards who got us here turn their own profit and dig themselfs out.

[gop_will_win]

What does that blasphemy mean?


--------------------------------------------------------------------------------

Posted by PollsLie
=================
Blasphemy is saying bad things about republicans.

[tomc1232]

Well, the Senators did it! Took a dead pig of a bill, resuscitated it, renamed it, put some lipstick on it, fattened it up with extra pork, shook it up, and served it up to the House disguised as something good. And all the while, patted each other on the back and paraded their so-called patriotism and bipartisanship out for all to see. Unbelievable! Once again, the House members will have to demonstrate that they have the courage to kill this beast and show their counterparts and constituents how an elected official is supposed to act.
Btw, I certainly wouldn''t ask a senator for financial advice. Unless, I wanted to game the system.

[verderosso]

After the Senate vote, Majority Leader Harry Reid, D-Nev., said, "We''ve sent a clear message to Americans all over that we will not let this economy fail. This is not a piece of legislation for lower Manhattan. This is legislation for all America."
No-this is a bill for the top 1% of America while holding a gun to the heads of the rest of Americans.

[nownthen-2009]

Does anyone know just what the "other devalued assets" are? We are getting $crewed folks.

[upto1947]

House members are getting another chance to vote on a bill that will screw the people, like always.

[puppiesc2]

You are right rickwar. Go one further with me and ck all the house reps who vote yes without an argument. I will be letting them know They don''t get my vote ever again untill they hear my voice. Put the brokers in jail or repo their mansions. Lets see how well they like forclosure.

[mimi9991]

Americans also need to be aware that what will be happening if foreign countries are not willing to lend loans to Americans. Maybe it will happen any time soon or will never happen.

[greeneyes222]

The House needs to stand firm - the Senate sold out.

I have never been so disgusted by a so-called solution in my entire life, and it crosses party lines.

[mccaino8nc]

After the Senate vote, Majority Leader Harry Reid, D-Nev., said, "We''''ve sent a clear message to Americans all over that we will not let this economy fail. This is not a piece of legislation for lower Manhattan. This is legislation for all America."
No-this is a bill for the top 1% of America while holding a gun to the heads of the rest of Americans.


Posted by verderosso

--------------------------------------------------------------------------------

I don''t understand if that is truee and this bill is for the 1% and the Dems are supposed to the middle class protectors why is the republicans saying this is a bad deal and the Dems are trying to push it down our throats. You think just maybe their trying to protect some of their own investments. Just like the Dems were doing in 2004 and 2005 when they argued that the house market was sound and the Republicans were on a witch hunt and were trying to do a political lynching. Just an ignorant republicans random thoughts.

[puppiesc2]

Thats a bald a+ lie that main St is getting hurt. The only thing lost this week is the % of dividends the fat cats are losing. Thats the trillion, thats good let it go on for another week. Let them come down to our level in the economy. I''ll hold the window open if the want to jump. Don''t forget the Gov. emp at that level do not pay for their own gas.

[mccaino8nc]

It would be nice to get a report how much money certain memebers of the house and senate stand to lose if this bill isn''t passed. We all know Nazi nanacy is heavily invested in this I would be curious to know who else including republicans that have a monitary stack in this.

[amervtrn]

For those of you who believe that 700 billion will do the job: Rule of thumb for government estimates. Double the estimate for the first six months, triple for the next six month period, 33.5 percent for each following six month periods attributed to unforeseen inflation adjustments and cost overruns .But we are already at 850 billion, in only three days. Know when to hold''em know when to fold''em know when to walk away!NO SCAM BAILOUT!
"It''s like a big cowpie with a little bit of marshmallow inside and I don''t want to eat the cowpie," said Rep. Louie Gohmert, R-Texas and Sen. Jim DeMint, R-S.C., a leading conservative, said the step was "leading us into the pit of socialism." Another was %u201C This is a *** sandwich!%u201D

%u201CParty is the madness of many for the gain of a few.%u201D
%u2013 Alexander Pope
Subject: Messages to Congress running as high as 300 to 1 against the bailout
The real blame for not passing a bailout is the American people don''t want it and have contacted their representatives and have spoken!! God save America and don''t Let the government control the business if it goes bad so what we can recover. Wall Street wimps tighten your belts like us working stiffs.

[amervtrn]

The Senate has just completed a Constitutionally illegal vote in their attempt to shove this Bailout down our throats. The Constitution requires that Bill originate in the House of Representatives, be voted on and passed, then sent to the Senate, where it may be voted on. The Senate, in their attempt side step the Constitutional requirement, they illegally are trying to originate the bill in the Senate attach it to a non related bill and pass it illegally to the House of Representatives. All hope is not lost. There are two possible cures. The House of Representatives may refuse to be a party to the illegality and vote it down or there is always the Constitutional challenge. For the time being, keep the pressure on your representatives. Emails, faxes,and phone calls. Both Obama and McCain turned their backs on VOTERS.Neither deserve your vote. Perhaps it is time for the fabled NONE OF THE ABOVE slot on the ballot.

[mccaino8nc]

If you want my VOTE "VOTE NO" on this RICH MANS BILL
Posted by aothah

--------------------------------------------------------------------------------

We are in trouble if we all take tha stand because Mccain and Obama voted yes.

[amervtrn]

Every working Citizen will lose if it ever goes through. Banks and Wall Steet are not Citizens they are Business entities. The government will borrow (at interest) the money needed from the Fed. The Fed will create the dollars out of thin air, devaluing the U.S. currency. Taxpayers will repay the loan. Much like the economy of the Carter years, except that the scale and damage will be about 300 fold more severe. Those business entities which cannot survive will be bought up in the market, as is already happening. It seems the politicians, who couldn''t run a business if their lives depended on it. This is a political solution that will compound the problem. Fasten your seat belts everyone. It''s going to be a long, bumpy ride. For those who survived the Carter year, %u201Cyou ain''t seen nothing yet!" But wasting resources will not cure the problem. In Obama''s own words" you can put lipstick on a pig but it is still a pig!"

[Peter Leinfelder]

NOTICE: I will never vote to re-elect any senator or representative that votes for this illegal bailout of the banks, that have been *** us for years.

[puppiesc2]

Supermarkets, walmarts, factories and small stores run on their capitol, or gross intake, they do not have to run out this or any other week and take out a short term loan to pay the help. PLEASE don''t fall for the scare tactics. The media is just feeding into it. Banks and brokers, seduced us with variable mortgages and easy credit cards with small print about extra fees. Preditory lenders must be jailed or fined NOT bailed out.They got their bonus and now want us to pay more through the gov bailout.Bull, lets not pay our taxes if they want to have fear of crashing we can give it to them. I''ts time to have a Boston Tea Party.

[mkrafft1]

Someone posted links to the house yesterday. If anyone has them can you put them up again, the more emails we send the better!

[edward1975-2009]

This is still a bailout for bankers who made bad decisions. Let those banks fall or get gobbled up by stronger banks. And if they fall, then the government can step in and assume the mortgages and give the homeowners a lower interest rate on a fixed. This would be far less expensive for the taxpayers. The Senate ignored what the people wanted, let''s hope that the House has a spine and does not pass this. Wall St. will heal itself. It will fall to the level of what these assets are truly worth, not the level of the inflated value. This is how the system is suppose to work.

[gmcnally2]

How about an alternative option that addresses the concern that it is not going to affect the majority of America. Surely there are more than 1 way to spend $700B? This has not been thought through enough.

[puppiesc2]

We wont get money back on this. They are making us pay for all the bad loans, forclosures, and credit cards out there. They have their nerve, Now that they spent the bonus and the top profit , they expect us to cover all the default people they had the (bad) judgement to give the money to. This is a well planned operation if you ask me. I love the guy who said "We will not let America fail" Hah!Wall st knew this was comming. Sadistic Meglomanic BUSH wants to completely empty our piggy banks before he leaves. That''s a great legacy George!Get even with the Dem''s. We cannot vote by party. They all own stock.

[buttonjockey]

Here we see Congress playing politics as usual and ignoring the outcry of the American public. I cannot believe the contempt that they show us! I could understand it if these politicians had a higher understanding of the matter which they could demonstrate, but this is not the case. When credible economists say that this is a scam, haste and pure politics are the wrong things to use.

Folks, we have very little power after all. I can do very little about this but what I can do is exercise my right to vote, no matter how miniscule.

HEAR THIS, CONGRESS! I''m watching how each of you vote and I will vote against any one of you who has supported this horrendous piece of drek. I''ll cross party lines if I have to! I can tolerate a democrat or a republican, but I cannot tolerate a representative who refuses to be a true representative.

McCAIN & OBAMA: I''ve lost my respect for both of you and I will not vote for either of you! All your clever speeches and sharp debate is dwarfed by your failure of this simple test of representative democracy. NEITHER of you deserve to be president!

[maedean]

What a shame if the rich were made to pay for there mistakes !!! No lets bail them out because they need to keep making more money than they made before.What a joke this is. How many of us have got bailed out when we charged up credit cards or blew our paychecks? No one says oh I will pay you back because you got a bad deal. Get real america!!!!!!!!!!!!!!!

[bm6005]

Remember in November "Vote out ALL incumbents". Introduce yours to the unemployment line!!

[willymack]

Let me see? I earn 1-2% on a bank savings account, 3-4% on a bank CD. If I go to the same bank, and take out a mortgage or home equity loan, I pay 7-9% if I am lucky. So some one tell me, given my banks policy, why it needs to be bailed out. They have a guaranteed 6 to 10% profit and pay almost no labor to a clerk who fills out the paperwork. My bank is no where near unhealthy. So who is? Well the bank or mortgage company that gave out mortgages with ridiculously low interest rates, lower than rent, expecting foreclosure and big profits in a rising housing market. Uh Oh housing prices droped when the hidden balloon payments came due and the glorified home owning renter walked away. Suck it up baby. Do not ask for my tax dollars

"Thats a bald a+ lie that main St is getting hurt."

Actually it''s true, we''ve seen business in my 3 businesses drop, a lot. But even though it''s affected us I''ve not laid anyone off, not changed advertising. As a reasonable business person, I actually stashed money for down times.

I''m on Main street in a small rural town, will I be affected? Yes.


But given all that I still say NO!

[gop_will_win]

Shut up you liberty liberal lunatics!!! President Bush says this plan is needed and if you are against it you might as well stop calling yourself an American.

[gop_will_win]

Let me see? I earn 1-2% on a bank savings account, 3-4% on a bank CD. If I go to the same bank, and take out a mortgage or home equity loan, I pay 7-9% if I am lucky. So some one tell me, given my banks policy, why it needs to be bailed out. They have a guaranteed 6 to 10% profit and pay almost no labor to a clerk who fills out the paperwork. My bank is no where near unhealthy. So who is? Well the bank or mortgage company that gave out mortgages with ridiculously low interest rates, lower than rent, expecting foreclosure and big profits in a rising housing market. Uh Oh housing prices droped when the hidden balloon payments came due and the glorified home owning renter walked away. Suck it up baby. Do not ask for my tax dollars


--------------------------------------------------------------------------------

Posted by willymack4
=========================
Why do you ask questions? Do you want the terrorists to win?

Shut up you liberty liberal lunatics!!! President Bush says this plan is needed and if you are against it you might as well stop calling yourself an American.


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Posted by GOP_WILL_WIN at 12:18

He also said we need to got to Iraq. How''d that work out for you?

[xlib]

maeden-yep, let''s get those rich SOB''s who made out like the bandits they are. LEt''s make raines, johnson, gorelick (that little carpenter not only buids walls, she''s all over the place), dodd, conyers, shalala and oh, gotta mention frank.
Sure, I say hang''em high.
mkrafft1-just go to dogpile,com and put in House of Representatives.From what I understand our elected officials are not accepting any emails, you have to fax them.
BTW-ms clinton''s DC office does not answer their phones. I wonder what the he&* I''m paying her for.