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Taxpayers Contributing to Record Bank Profits and Other Frustrating Economic Developments

Your article regarding their stated income is right on though one has to be careful screaming about the mortgage spreads- the free market should take care of this fast - wide spreads will attract more players - however in this case the collateral is suspect so now in essence we have your nationalization with bank intermediaries. The real issue lies in the direction of real estate values for new players to come in and reduce the spread.

The market is telling us that whoever is holding the collateral is taking big risks and therefore deserves the higher premium in wide spreads. As for the govern directly loaning - politicians are not good at providing efficient allocation of captial as can be seen with Fannie. How would they ever raise rates when the time comes - they have an election every two years- something I am counting on.

Options Trader: Tuesday Outlook

The "wrong direction" poll is the biggest sham ever put on the American - it captures disaffected groups from both political parties plus it doesn't measure the popularity of certain issues. Currently the majority of Americans favor securing the borders, English as an official language, energy independance and drilling off the coastlines, reducing taxes, school vouchers etc etc - no wonder people think they are heading in the wrong direction.

Congress makes the laws - the president is in charge of the armed forces and security of the nation.

Congress right now is dominated by a political party that has a far lower approval rating than Bush. Bush has been a lame duck for two years. Bush has been blamed for hurricanes, global warming, risking soc sec by privatizing it, destroying public schools by testing, etc

The new "change" party has been in power for two long years and is great at deflecting any real issues.

Who just voted in a bloated ethanol bill with payouts to all the flyover states over the Pres veto? Who will increase taxes on top of the second highest corp tax rate in the world? Look at the Pharmas - who is socializing medicine? Who restricts drilling along the coastline while foreign nations drill it dry from Cuban waters.

This sham poll question has been used for twenty years and it indicates very little. Congress has been in charge of redistributing taxpayers money now for two years. If you want change it will be to change Congress as well.