Jim, it is a sad place we are indeed.
With the rush that Bush has put on the bailout bill I fear we have already lost the battle against socialism in America.
We are bailing out worldwide investors who took a risk and lost.
No where do I hear Bush or others saying anyone will be prosecuted.
All who caused this mess will retire with millions of stolen dollars.
I fear for the Republic.
I see almost no way to stop the evil that has engulfed our nation.
Bush and Paulson should have stopped this long ago.
Now just may be too late.
President Bush tried, the commie Democrats killed it.
A September 11, 2003 New York Times article shows that President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” His proposal: An agency within the Treasury Department to supervise mortgage giants Fannie Mae and Freddie Mac. Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.