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Americans eye bailout, and continue cutting back
Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn’t yet trickled down to the pubs, storefronts, car lots and malls of Main Street.
Many Americans spent an uneasy weekend wondering whether the rescue would help in time - or at all - and trying to figure out where next to cut back as the economic screws tighten.
Posted by: Sammy on 10/06 at 07:28 AM
- 1. · Everyone needs to see this video!
Excerpts from the 2004 Congressional Hearing to investigate Fannie Mae and Freddie Mac's illegal bookkeeping.
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Comment by gizmo123 on 10/06 at 09:25 AM | [Back to Top] | [Back to Main] - 2. · you know the house was mocked for being cautious and not passing the bailout- then the Senate steps in, adds over $100 billion to the bailout, and passes it quickly- putting pressure on the house to get er done. After all they did it (because not many were up for reelection?) in part cause they 'sweetened the pot" (but for whom?)
quickly the house passes it - AND it costs $100 BILLION more.
And the are puzzled in how the market responds?
They are on a different mind set then AMerica- are they not?
A man must learn to understand the motives of human beings, their illusions, and their sufferings. einstein
Comment by BJGoodwin on 10/06 at 12:35 PM | [Back to Top] | [Back to Main]
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