IP Daily

Republicans: Stop Holding the Bailout Hostage to Political Agendas

sieraromero is typical of political party cheerleaders, as it offers NO solutions, just political tirades. I will submit that BOTH parties are corrupt and I am presuming that ALL members of our Congress and Senate are corrupt OR have compromised their fundamental principles and standards.

Clearly, when a Fed Chairman and Treasury Secretary and the the President say the economy is fine three weeks before disaster strikes shows, incompetence, lack of understanding and just good old lying.

Mr. Thoma, I won't disrespect you here on your forum. However, while I don't agree with your headline, I certainly don't agree with ANY of the solutions suggested by either party. I ESPECIALLY don't like ANYTHING about Paulsons plan. It does not give the details to the very source of the proposed funding ( taxpayers ) and in fact he wants to be indemnified if he screws up.

WHAT KIND OF F%$**#@ plan is that ? It's not a plan, it's EXTORTION, pure and simple.

My plan is this.

Fund gov't efforts to seperate CDO's, CMO's ( which are wortless anyhow ) and seperate the mortgages that are the underllying collateral.

Then, go through each mortgage that is not performing and find a way if possible to get them to perform through a " new " mort gage with a stringent process to qualify the mortgage holder again, THE RIGHT WAY.

In addition, the executives who received BILLIONS in executive bonuses for mortgages they knew were BOGUS, should have all of that pay re-claimed for off setting the cost of what would be an obviously massive undertaking, BUT, neccessary.

Realistic costs for such a program should be established as much as is practical and presented to the TAXPAYERS who will ultimately foot some part of the bar tab, as it were.

The taxpayers should firmly establish through their elected officials if this is acceptable. The gov't has proven they are corrupt, unaccountable, deceitful and incapable. ONLY John Q. Public can hold them accountable through our votes in five weeks.

I can assure you, that while I have voted almost straight Republican in past elections, NOT one of them will garner my vote this year or any other year. AND, neither will the Democrats.

BUT, I guarantee I will vote.