Billions for Bankers aka $700 Billion Mistake

I am glad the wall street bail out failed this go around, I just hope it stays dead. Give them time and I think they will resurrect it and force it down our throats. After it becomes law I predict it will fail to do much of anything other than make billions for the bankers while the tax payer pays for their mess. Why would the tax payer want to buy loans that the banks dont want? What are they going to tell us if and when this bailout fails?

Now McBush and Ossama both think raising the FDIC protection limits to $250,000 is a great idea. How many of you out there besides the elected officals have to worry about having more than the current limit of $100,000 in a bank account?

Just as the gov stimulus checks did nothing so will most any thing else they try. These people are out of touch with the relaity of what the average working person has do deal with, such as amount of jobs that have left the county and are still leaving daily, cost of gas, cost of food and the cost of health care. More credit is not the answer, this will only allow the average american to get in debt more than they already are.

-M6T9

$700B Bailout

If any elected official votes for any bail out I will be voting them out of office next chance I get!

IMO, here is exactly why these screwed up companies need bailed out!

Washington Mutual Chief Executive Alan Fishman has a base salary of $1 million, which translates to $19,230 per week. Read all about this kind of nonsense at the following link...

http://money.cnn.com/2008/09/26/news/companies/fishman_wamu/index.htm?postversion=2008092615

There is NO ONE in a public company that is worth that kind of money!!! This is why you, the tax payer will eat the bill for this!