Summary,

Sounds to me like Americans tried to buy a home, brokers made money by making bad loans.

The companies moved jobs overseas and the people could not make there payments and were kicked out on the street.

Some got loans by predatory lending they never could pay.

Fraud was rampant.

Investors who took a risk lost and decided no more. Stocks plummeted.

Politicians decided to rescue Investors by making the taxpayer pay investors back.

The same Americans who were kicked to the curb for not paying there loan will be taxed to pay it anyway. Money will be diverted from infrastructure and other necessary projects will be diverted to overseas investors. The interest on loans made to US to cover loans will soon strangle gross nation product.

A correspondent on Fox news said it yesterday. All numbers coming from wall street are not real. The same morons that cooked the books in the private finical sector are showing government officials how to cook wall street numbers. They are playing with monopoly money. Just print it and send it out the door. Legal counterfeiting.

How do you apply to go to Canada. Nothing left in USA but Mexicans and idiots.

Nathan

R.I.P.- the wisdom of the free market.

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Lumberjack Jane- Maine's answer to Sarah Palin

"...Sarah Palin could stride past the frontal cortex of every American and plant a 3 inch heel directly on that limbic circuit..." Sam Harris

It all started with the massive abuses at Fannie Mae and Freddie Mac. They encouraged small banks to make loans telling them they'd buy them all. Everyone had to have a home----even if they couldn't afford it. Their rules were lax. And now we are ALL paying for it. Check this out:

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"What exactly is this foreign policy experience?" Obama said mockingly of the New York senator. "Was she negotiating treaties? Was she handling crises? The answer is no."

jp, i heard the fannie mae official make his plea before the congressional black caucus, but then you criticize a member of the congressional black caucus, Obama, for the financial fallout which has resulted
i have not seen any member of the congressional black caucus, especially Obama, respond affirmatively to the fannie mae's official's plea
this is propaganda which would make joseph goebbels proud ... you do your party proud to demonstrate how the republican tactics so align themselves with those of the nazis

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Quote:

"I like to watch the news, because I don't like people very much and when you watch the news ... if you ever had an idea that people were really terrible, you could watch the news and know that you're right."

Frank Zappa

SQUEAL, Piggies! SQUEAL for your DINNER!!!

Here comes Uncle Sucker with SLOP for the TROUGH!!!

CHOW DOWN, Piggies! You MADE this mess, but the TAXPAYERS will clean it up. And don't worry about REGULATIONS! Mr. McCain will make sure you never have to WORRY! The GUBBERMINT will bail you out.

It's just MONEY, after all.

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"If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy, tonight is your answer."

--President-elect Barack Obama
November 5, 2008

I understand why they are bailing them out. But they are only passing the buck to the new taxpayers. It’s time to let the dead be dead.

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If it was that easy, everyone would do it.

They are temorarliy banning short selling....well that only came a few months too late. McCain is correct, time for a new head of the SEC. Meanwhile they are investigating to see if the market was manipulated by the shorts. Another too late item since there is evidence this caused Sterns and maybe even Lehman to go under. If true, they deserve life sentences...no parole.

Apparently it looks like this will cost us billions, though apparently it is also going to help keep those with potential foreclosures in their homes. It wasn't just businesses that caused this it was Democrats, Republicans, and American citizens who bought homes they knew they could not afford. There is plenty of blame to go around in this fiasco.

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All you need to know about the energy crisis:
ANWR Exploration Republicans: 91% Supported. Democrats: 86% Opposed.
Coal-to-liquid R's: 90% YES. D's: 78% NO.
Oil Shale Exploration R's: 90% YES. D's: 86% NO.
Outer Continental Shelf Exploration R's: 81% YES. D's: 83% NO.
Increased Refinery Capacity R's: 97% YES. D's: 96% NO

SUMMARY: 91% of House Republicans have historically voted to increase the production of America’s own oil and gas. 86% of House Democrats have historically voted against.

i highlighted the portion of your post i am commenting on

how about sharing with us the portion of the responsibilities you see that the republicans share for this financial meltdown and bailout

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Quote:

"I like to watch the news, because I don't like people very much and when you watch the news ... if you ever had an idea that people were really terrible, you could watch the news and know that you're right."

Frank Zappa

How come I have to keep paying my mortgage while all these idiots who bought into these other things get to keep their failed business risks?

So I guess now I can go out and overspend myself into oblivion and just wait for the calvary to charge in and bail me out?

The entire thing is a smokescreen.

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If I had the option of voting 2000 and 2004 over again, I would still vote Bush.

Obama and his cronies will bail you out! Spend away! That's the democratic way!