That's exactly why it's there.

I don't know about anyone else, but I think I'll sit back and watch, taking some sick pleasure in seeing the government suffer because of their incompetence...

Only problem with that is, the gov't tends to make everyone else suffer along with it.

The Government won't suffer at all; it's those of us who actually live in the real world who will have to suffer for the sins of the financial world. We and our children will be the ones paying for this bailout, quite possibly for the rest of our lives.

Well this IS politics. So long as we pass SOMETHING, their constituents won't make them lose office...

And the fact that our Senators make $165,000 a year only helps to say they have a hard time listening to what is best for everyone.

Or you could bounce them e-mails relentlessly telling them exactly what right and wrong ideas are. It certainly is what I'm doing, complete with "If you already rejected it, then I can't thank you enough."

I just find it Schadenfreudeariffically hilarious that the only way we can get medical care like mentioned is by completely assraping homeowners and the US economy.

As an Accounting and Finance major, two fields that are partially responsible for this mess in corporate finance (in that they didn't tell their CEO's and whatnot that this is gonna fuck up hard core on them when they knew it would), I am taking solace in the fact that I can live in Canada or Poland whenever I please due to my citizenships in each of those countries. I'm probably gonna join the Polish military soon as I get done with college for roughly 6 mths to a year because I got drafted in their military (they have compulsory service for all males 18-22 not enrolled in college, which I am currently enrolled in, in the U.S.)

But anyways, I just love how we use credit scores to determine whether or not we give people loans and is one of the best ways for us to measure people's monetary responsibility accurately predicted the rates at which all these loans would be terminated at. And they put so much emphasis on them too, only to ignore them after they've been so good to these companies on whether or not they should give loans to people. And the Credit Score prediction of whether they would get paid back on the loans by certain ranges of scores...was completely true.

Whats even sadder is that even though they knew the people with lower credit scores would have difficulty paying back the loans, because they had "sub-prime" credit scores, below 650, they RAISED thier interest rates making it that much harder on them to pay it back.

So really, they just shot themselves in the foot and the bullet put a hole in the hull of the ship thier on. So I'm pretty sure the government should just let this ship sink and build a different ship to run the financial system of america.

It's not so much that they didn't tell them as it is that they most likely DID tell the CEOs...and, like most leaders who want to do something, the CEOs blatantly IGNORED them and went ahead with plan "Gouge people with lousy credit who really, really, really want to buy a house/start a business/take a vacation/buy useless stuff/catch up on other bills."

I can see where loan issuers would want to put in ENORMOUS finance charges on people with poor credit. They probably figure, "Hell, they won't pay me back the whole thing anyway, so I might as well squeeze as much money out of them as possible before they file for bankruptcy or default on the loan."

Oh, and it seems that CEOs are looking to "cut payrolls" (read: fire more low-paid workers while they themselves keep their salaries, benefits, and perquisites at the same levels). Way to help stabilize the economy, jerks!

And all of this in spite of the fact that the Senate approved that convoluted bailout plan. Beautiful!

DID YOU KNOW? Technically, appropriations bills cannot originate in the Senate. The bill that just passed originally had nothing to do with the Bailout - in fact, it passed the house in 2002.

AND NOW YOU KNOW.

PS. It's totally Hank Paulson's fault.

jesus christ. this has gone beyond the point of an e-mail campaign, someone needs to organize a fucking protest march. 450 fucking pages of pork? burn it down and fire every single one of the motherfuckers in congress right the fuck now, this kind of shit cannot be tolerated.