Rant

This "faceless" meltdown was brought by the same people charged with correcting it. We need an American Revolution 2.0. Too many people are at the end of their rope, and not just those losing their homes, this has gone much further than losing the roof over your head that you all overpaid for. Without the TARP the S&P would be trading 300 and this country would be defuct. We gave them billions to "re-lever" their holdings in the market and the fed leaves rates at zirp, but this does little for the American taxpayer who is on the verge of losing their job. Revisiting the past as this comission plans to do is a waste of time. We need to throw those in power out, and start fresh. There is no use in throwing anymore good money after bad. Despite the rally in stocks, we are still on the verge of collapse. Only 2 million foreclosures this year, 3 million next, and estimated 12-15 million by 2012. The cram down is not an answer, changing contract law is to adapt a fundamental function of society to control an emergency. We need real change, we need marches, riots even, or else is Obamageddon 2011.

This cannot be True, American Revolution 2.0 please

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHURVoSUqpho

So the TARP is down $140 some odd billion and we let this happen. Seriously, WTF!

VIP mortgage for Chris Dodd............

these guys are supposed to be representing us? WTF, The current Senator from Connecticut even counted both his residences as his primary. Ahem, that's illegal!

Only $1233, pay up suckas

By that measure, the government has been a poor investor, losing about $148 billion so far--$1,233 per U.S. household. Ethisphere analyzed the same data, including results from the Federal Reserve's recent stress tests, to identify firms most likely to write off their debts to the federal government, either partly or completely.

from: http://news.yahoo.com/s/usnews/20090728/ts_usnews/wherebailoutmoneygoestodie

"sure am glad all out Social Security is tied up in AIG, really good bet our Congress made there, esp. with the reverse 1-20 split:"

FNM limits to 125% ---> Seriously, WTF!

http://www.bloomberg.com/apps/news?pid=20601087&sid=avAvJacs7UcU

Well now that it's a done deal and we are lending 125% LTV on residential real estate, don't all of us non-home owners deserve to move in to a house for free. Why just stop at foreclosure prevention? Why not let every single person who doesn't own a home move-in to the home of their choosing for nothing down? I feel we have truely entered the twilight zone with this guy. Clearly he will stop at nothing short of taking this entire economy to the brink.