[T.L.Sink]

I'll be the first to admit I don't have any understanding of the arcane and esoteric complexities of high finance and economics. It's over my head. But I think I have enough common sense and basic knowledge to realize that the middle class is being steam-rollered. Frankly, I think this panic-mode hysterical blitz campaign to tell us it's the end of America if we don't act within a few hours is a hustle-job.

[FlingWingFlyer]

Had the DemocRATS listened to Senator McCain back in 2006, we might not even be in this mess. Contrary to what the “media” is reporting, it was McCain who was trying to get some oversite going of Fannie and Freddie.

[vaudine]

Absolutely! I don't like it or want it. It is helping multi-millionaires on the backs of the Am. taxpayers. Talk about class warfare. This is it in the trenches.

vaudine

[etradervic]

The Dems are playing politics in the midst of a financial crisis. The withdrawals from these financial institutions are real.

(The Dems are providing the worst congressional leadership ever!)

[Sig Sauer P220]

If there’s any payment in that bailout going to A.C.O.R.N., I’m going to go f’ing nuts.

[gaijin]

great line!

“I don’t understand why we get Capitalism on the way UP, and Socialism on the way DOWN...”

[1-Eagle]

ONE THING... I don't understand: Rush said Thurs or Friday that the problem is not actually caused by conditions today, it is caused by fairly recent legislation passed that forces lenders to use todays values, rather than future values. Since property values go up over time, this leaves them vulnerable to a short-term market correction which is what we have just seen.

Since todays value is now much less than before, there isn't enough value to prop up the lenders for credit.

So why isn't somebody out there just proposing that they kill the legislation that forces using current value? Rush said it needs to be taken down, but doesn't that automatically fix the problem? Once lenders are able to adjust their net worth based on realistic future values of their holdings (like they used to do) they suddenly have more capital.

Think about it. If Paulson anticipates a 1 to 2.2 trillion gain for the government out of the deal, where does that profit come from? Partly it comes from the fact that the government is forcing these lenders to sell at 50%, I believe. But the other side of it is the fact that the current values were driven down by the market, something that will correct itself likely next year.

Sounds like the solution may be more simplistic than we thought?