The latest proposal

[cigarlover]

Looks like this is changing pretty fast. I mentioned earlier that no bailout of foreign companies.. Now its up to Paulson.

http://www.bloomberg.com/apps/news?pid=20601070&sid=ae6b6P1L8E_E&refer=home

As congressional aides and officials scrutinized the proposal, the Treasury late yesterday clarified the types of assets it would purchase. Paulson would have authority to buy home loans, mortgage-backed securities, commercial mortgage- related assets and, after consultation with the Federal Reserve chairman, ``other assets, as deemed necessary to effectively stabilize financial markets,'' the Treasury said in a statement.

The Treasury would also have discretion, after discussions with the Fed, to make non-U.S. financial institutions eligible under the program.

[cigarlover]

The majority party will seek to reduce mortgage foreclosures and create ``fast-track authority'' for an overhaul of financial regulation, Pelosi said. Democrats will ensure ``the government is accountable to the taxpayers in any future actions under this broad grant of authority, implementing strong oversight mechanisms.''

The government hasnt been accountable to the taxpayers in this country in years. do you really think they will start now?

[cigarlover]

Once again, if people would wake up and realize the tax system is a fraud, we wouldn't be put in these situations. The people would have th epwer in this country and the only losers would be the greedy bankers. Whether you like i or not. This is a done deal. In many other countries of the world the bankers would be hanging right now. Instead Paulson and the bankers gets a free pass and powers not seen since the king was still governing over this country.

Not one person will spend time in jail over this and in the months to come you will see greed at its finest lining up at Paulsons door with their hands out.

This stuff makes me furious and is the main reason I need to get out. We are boderline fuccing depression because of these greedy bastards and all we can do is sit here and watch. I dont think its a coincidence that first the military industrial complex rapes us then the oil companies and now the bankers. The wealth of this nation is gone. Industry has left and the money has been stolen.