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You forgot to say the bill failed because quite a number of Democrats voted against it. It was truely a bi partisan effort!
Oct 01 14:13 pm
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All Comments by TBill »Why You Should Ignore the Bailout Vote [View article]
This mess can trace back to Reno threatening banks with lawsuits if they didn't lend to people without money, demanding they count welfare and food stamps as income. Then Fannie and Freddy were instructed to buy these loans. So now we need gobs of cash to bail them all out and keep the corruption going.
We need to FIX things, not just keep the system up and running. Start with repealing Sarbanes Oxley and the mark to no market rules.