FDIC's Bair pushes aggressive mortgage plan

Discussion in 'Economy' started by DavidS, Nov 18, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Total cost of the bailout bill: $700 billion

    Just last week FDIC chairman Sheila Bair proposed legislation that would help 2.2 million homeowners who are more than 60 days late on their mortgages by re-negotiating their mortgages to be no more than 31% of their monthly income, thus the home their live in would be affordable again AND they can live in it.

    Total cost of the Bair plan: $24.4 billion.

    What the fuck is wrong with these morons on capitol hill??? We're NOT buying up toxic debt, we're NOT saving home owners and we could have saved ourselves $675 billion??? Why aren't there people protesting in streets like they did in '03 and '04 against the Iraq War?? Why isn't there national outrage over this??? WHO THE FUCK IS MAKING SURE THE SHIP THAT THE GOVERNMENT IS STEERING ISN'T ABOUT TO RUN INTO A HUGE FUCKING ICEBERG???

    If the American people don't give a shit, we deserve what we get. We're making bankers even more rich, we're leaving home owners in the dark and we're selling our children's futures just so the rich get even richer and do what with their money?? NOTHING. Oh, and the Republicans want to give them tax breaks so they're not so heavily burdened by the government. GODDAMNIT PEOPLE. RISE UP! TAKE ACTION! START GIVING A SHIT ABOUT THIS COUNTRY WE LIVE IN!

    $675 billion! $675 billion! $675 billion! $675 billion!

    http://money.cnn.com/2008/11/14/news/economy/fdic_bair/index.htm
     
    Last edited: Nov 18, 2008
  2. GigiBowman
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    GigiBowman Active Member

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    and who voted for that bailout? Hmmmmmmm The Great O and the mighty Maverick?

    You didn't see Ron Paul vote for the bailout and as far as I know he's been on capitol hill for 10 terms.....
     
  3. Vel
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    Vel Gold Member

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    And who is it leading the charge to bail out the Big Three? Hmmm.. that would be the Big O.
     
  4. WillowTree
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    WillowTree Diamond Member

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    doh dee doh doh! O
     

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