To establish, develop, and recognize the capacity to know the responsibilities and duties of American citizens.

Before you jump on the bandwagon and forgive the greatest ponzi scheme in the world (aka Wall Street). Check this out and oh yeah his last statement goes for me too.

Yeah, I really want to kick everyone of those mofo’s in the nards…and then laugh while everyone else does too.

I was angry at the Bailout in the first place.  Why should I as a taxpayer pay for the Vegas-like gambling that occurred by Hedge-funds and others in the realestate industry?   FYI, the 700 Billion that is being given to the rich, would be about $9,100 in every taxpayers pocket.  Hmm…

So now McCain wants to allow anyone in forclosure, even if the equity in their home is greater than their mortgage, to have thier mortgage re-written (i.e. the debt forgiven).  That’s bull.  You as a responsible person, who has paid your mortgage on time and didn’t buy into what you could afford don’t qualify.

There are 3 groups that are responsible and need to be held accountable:

1. The homeowner that over-bought;
2. The Lender (or current owner of the mortgage) that allowed the individual to be over leveraged;
3. And the regulators (Government) that allowed all of this to happen.

It doesn’t make sense to not allow anyone to be accountable.  I agree something has to be done.  The best way to help the homeowner is to work with them, but not without consequences.  A better plan, that holds all 3 parties accountable would be:

1. Allow re-negotiating on mortgages, but the difference gets taxed as income to the homeowner.  This can be amoritized over 3, 10, 30 years; whatever is deemed responsible.
2. The Lender or paper holder must assume a loss on 50% of the difference in the re-negotiated value.  Sorry, you made a bad choice and over extended.  Besides, they’ve gotten so many breaks already.  I mean AIG gets a 85 billion dollar loan and then ask for and receive another 37 billion dollar loan and then spends $400,000 on a resort retreat.  That is a blatant lack of ethics and morals.  Can anyone say: “Sense of entitlement?”  Hmm…  worse than Welfare!
3. Finally, the government takes their 50% and puts a lien on the property (adjusted with inflation) for the next 20-50 years.  This would be no different than another assessment on your property tax.  One difference would be that the lien would be transferable with the property.  The market will vet these properties out.  Selling prices my be lower on some properties, but they also will be somewhat more stable.  Since the property has a mortgage, the taxes can be tied to an escrow account that would better help to budget those dollars.

The net result would be a zero cost to the taxpayer over time.  If you think this is a good idea, please inform your elected officials and make sure they put it into action.  You can find out who they are by going to http://www.veteranreportcard.org/ and entering your address or zip code.

I recommend that you cut and paste this message or use the email link to share it.

As I sit here and listen to the Shrub discuss his “plan” for saving Wall Street. If you listen closely to his message, it was the same one that got us into Iraq. “You may lose your home or your automobile.” He is fear mongering. While I think something must be done, the “outdated 20th century laws” that caused this problem were passed in 1999 and 2000. These statutes were written by the Fascist NeoCons and allowed free flow of paper throughout the Financial Sector without regulation.

I can’t hope but think that if Phil Gramm’s (and his Washington cronies’) sabotaging of the post-Great Depression legislation that kept us above board until the 90′s were not enacted at the last hour before the Christmas break, we wouldn’t be in this mess. This “Baby” is wholly the Fascist Capitalists that are asking the Taxpayer to eat the afterbirth of their un-holy marriage.

One thing that is missing is that if humans were not emotionally affected, the stability of the markets would be more sound. However, much like yelling Fire in a crowded theater, people react accordingly. Similarly, if we didn’t have the fire marshal’s office doing inspections to make sure the fire alarms and sprinkler systems worked, you can bet your bottom dollar that we’d have dead batteries and empty pipes, ‘cuz it’s cheaper.

This has happened, and is happening today. So what do you expect when you put the Fox in the hen-house. Don’t beleive me? They “elected” not to fill the suppression system, ‘cuz they would save a buck. I don’t advocate a socialist system (Cuba, Venezuela, etc.) but the fascist capitalism we have experienced from the mid 90′s to now ain’t freaking working! The true republican (not party) constitutional standard for the American society needs to be put back in place. Not the bastardization of the system that they expect to pass off to the American Public.

With no appropriate oversite, the tail got too fat and wagged the dog over board…now it’s too heavy and the mongrel is drowning, expecting the taxpayer to save it. Trickle down don’t work, capitalism with collusion don’t work…sideboards and railings need to be adheared to and in place.

Personally, I would feel perfectly fine if it all collapsed and a few mansions went straight to the tubes!

Ok, so these guys are our leaders??? Um, yeah. A house of cards. Where is that fat little baby that sucks on em and chews them up… Deregulation=Brats. And I’m not talking about the stuff you put mustard and sour-kraut on, if you did…OMG!