I’ve never bought the drama with which this was passed off. I’ve never bought that this ‘solution’ actually represents one. And when 166 economists across the country say this plan ‘will not work’ that OUGHT to be taken seriously.

Shawn

So yeah, it’s personal. It’s personal to you, as well, you just don’t know it yet.

Don’t try to deny there is something personal here for you. Tell people what it is.

Most likely they’ve hired some con artist who lives in the area where the property is located and have convinced themselves if they pay that guy $50 a pop to drive by the property and give them a valuation, and they’ll live and die with that value.

Or there is already an insurance policy on the loan that prohibits them liquidating the property in the way you asked them to liquidate it.

Just imagine the “economic stimulation” if the money were divvied up amongst bill paying, mortgage paying, taxpaying citizens to spend, rather than handed over to Wall Street to plunder.

Well, it is scary that they would even try this… but maybe it is just a preview of things to come.

Now I might have understood your point of view, but everyone agreed with McCotter before he said anything.

The extra 97 or so pages may have altered that to some degree, but the original would have made Paulson the envy of every kleptocrat and tin-horn dictator in the world, very few of whom have $700 billion to distribute among their friends.

Regardless, spot on speech by McCotter and I hope that the conservative wing of the house doesn’t crack under the Bush-Paulson-Pelosi-Frank crack quartet of stupidity.

For as much as the left likes to bash the Bush administration, why is it that every time we have a crisis and the administration cries wolf, the left keeps channeling Princess Leia… “Help me Bush Kenobi, You’re Our Only Hope”. Holy crap, think for yourselves for once.

Make the stance known we won’t let the country fall to the world, but don’t just rush into the first solution you see. That’s insane and irresponsible.

In my experience, whenever someone tells you must hurry and make a decision, the first thing you ought to do is slow down.

I am tired of profits being privatized and losses being socialized.

The people who are telling us that the world may end are the same people who told us everything was OK a very short time ago.

And the only way this thing works – the only way- is if the taxpayers OVERPAY for the assets.

Thad may be slightly over the top, but I am kinda glad he is.

So, yeah, six months from now I hope we’ll all be able to offer snippets of this speech to pay our mortgages with. And I hope suppliers will take nice sentiments and clever rhetoric as payment for services rendered.

McCotter continues to demagogue and reinforce the false perception that the government is going to be driving $700B in cash to various Manhattan locations to line the pockets of Wall Street traders. That’s helpful. Way to inflame popular sentiment with demonstrably false implications at the cost of the American economy, Thad.

Sheesh.

Who will answer for those crimes. No one I am certain.

A lot of people hung out the American people to dry in the name of “not being called racist” or to get reelected, or to dole out more gravy to voters.

Are there any men or women of character left who will not behave this way anymore?