They're about to do it. Watch them smile and congratulate themselves.

[john9001]

hangtime it is not legal to put anything in a mailbox if you are not a mail person, you are going to get that poor kid arrested.

[Kaw1000]

They keep saying"Now the banks will start loaning money again" Are they

physically going to see that through??? what a freeking joke. Banks
will do whatever they want to! What a freeking joke.

And the Dems are patting Barney frank on the back for a job well done
when he and his cronies started this whole mess.

[Hangtime]

hangtime it is not legal to put anything in a mailbox if you are not a mail person, you are going to get that poor kid arrested.

Yup. My contribution to the beginning of routine defiance of the law by common citizens. Besides, the kid won't get charged.. he's just a minor. Drug dealers use 'em all the time as mules. They'll come for me.

And I relish the publicity and the opportunity to present the evidence.

[Gh0stFT]

i knew there must be somewhere a socialist ader in your Gov. but didnt expected it is that BIG

[FrodeMk3]

Well, the deed is done. http://news.yahoo.com/s/ap/20081003/ap_on_bi_ge/financial_meltdown

[SkyRock]

 A 90-year-old Akron, Ohio, woman who shot herself as sheriff's deputies tried to evict her from her foreclosed home became a symbol of the nation's home mortgage crisis Friday.


Fannie Mae foreclosed on the Akron, Ohio, home of Addie Polk, 90, after acquiring the mortgage in 2007.

 Addie Polk is being treated at Akron General Medical Center after shooting herself at least twice in the upper body Wednesday afternoon, her city councilman said.

U.S. Rep. Dennis Kucinich, D-Ohio, mentioned Polk on the House floor Friday during debate over the latest economic rescue proposal.

"This bill does nothing for the Addie Polks of the world," Kucinich said after telling her story. "This bill fails to address the fact that millions of homeowners are facing foreclosure, are facing the loss of their home. This bill will take care of Wall Street, and the market may go up for a few days, but democracy is going downhill."

[JAGED]

A 90-year-old Akron, Ohio, woman who shot herself as sheriff's deputies tried to evict her from her foreclosed home became a symbol of the nation's home mortgage crisis Friday.


Fannie Mae foreclosed on the Akron, Ohio, home of Addie Polk, 90, after acquiring the mortgage in 2007.

 Addie Polk is being treated at Akron General Medical Center after shooting herself at least twice in the upper body Wednesday afternoon, her city councilman said.

U.S. Rep. Dennis Kucinich, D-Ohio, mentioned Polk on the House floor Friday during debate over the latest economic rescue proposal.

"This bill does nothing for the Addie Polks of the world," Kucinich said after telling her story. "This bill fails to address the fact that millions of homeowners are facing foreclosure, are facing the loss of their home. This bill will take care of Wall Street, and the market may go up for a few days, but democracy is going downhill."

OMFG!    A non-troll post from SR!  Way to go dude! Nothing needs fixin' here, even if it is just a cut n paste...

[JAGED]

[Mickey1992]

Added Rep. Barney Frank, D-Mass., one of the lead negotiators on the bill: "We did today what we had to do because past mistakes made it necessary."

Barney Frank makes me sick.

[007Rusty]

  them S.O.B.'S   

[Hangtime]

SOB has nothing to do with it.

Pizza $ inflation; maybe. Availability of beer in his region, likely. This bill? Never.

[Fangio]

The really unfortunate part is that this bailout is going to accomplish NOTHING.

It is not going to do anything to free up credit markets.  In fact,  immediately after passing the spreads between 3 month T-bonds and LIBOR rates INCREASED.  

This was passed too late.  When it was brought to Congress 2 weeks ago, it was done because Paulson at Treasury and Bernanke at the Fed BOTH saw that a crisis that has been building for over year was peaking at the point of collapse for the broad credit markets. So they sought immediate and drastic action to head off this systemic collapse. They viewed the need for action to be both IMMEDIATE and OVERWHELMING in scope such that the markets would accept that broad nature of the proposed solution and gain confidence to begin trading with each other again restoring liquidity to the credit system.

But that did not happen.  Instead, we got a 2 week delay, lots of political gamesmanship and second guessing and in the end by the time the bill was passed not only was it watered down  (its not $700 Billion....  only $250 Billion is available without having to go back to Congress which means the ability for Treasury to react and move quickly is very limited)   but more importantly by the time this was passed the credit markets had gone from beginning to freeze up to frozen solid. In other words....  the time for this to have had a meaningful impact was 2 weeks ago when the situation was at a stage that immediate action MIGHT have had an immediate impact. Now,  as we are seeing,  it is having no impact.

Whats next?    Look for talk by the beginning of the week to switch away from "Bailout" and on to "Stimulus Round 2" as the Govt. moves to pump another $100 billion or so into the hands of consumers in time for the holidays.

Longer term....  well,  the game has been over for a bit now.   A full blown and deep Depression will be evident before spring.  I think we will be into double digit unemployment by spring and over 15% by this time next year on its way to over 30% and a complete fiscal system collapse.




Fang

[john9001]

Longer term....  well,  the game has been over for a bit now.   A full blown and deep Depression will be evident before spring.  I think we will be into double digit unemployment by spring and over 15% by this time next year on its way to over 30% and a complete fiscal system collapse.

wow, thats great news, then i can buy that waterfront condo i could never afford.

[lazs2]

Does anyone else see anything wrong with a 90 year old woman getting a mortage in 2007????   wonder what she listed as her income.

I think she would be the victim of the democrats "acorn" programs or low income loans socialist meddling.

You guys need to look at compassionate kalifornia where I live and where democrats have had plenty of time to socialize the economy...

We are about to ask for the first of several big handouts from the feds..  this one will be small... 7 billion..  once the bills start coming in for some of our latest socialism..  it will be increased...

kalifornia is probly the best state in the union for weather and resources and work forces and for being a desirable place of beauty to live in..   They have managed to destroy that.

In real crapholes like the other coast..   they ruined it even faster.

Is chicago, DC and Detroit what we want the nation to look like?

lazs

[FiLtH]

It's taxation without representation.  Don't tell me they represented us to day in Washington.

Maybe we're overdue for

  They need to rephrase it to No taxation with piss poor representation.