Both the House and Senate passed the massive bailout bill this week.

What caused this mess and what does it mean for everyday people like us?

Take the time to listen to an interview by Brian Brady, Sean Purcell and Greg Swann addressing:

  1. “The Community Reinvestment Act (original sub-prime loans), conceived in 1977 and super-charged in 1995, was the actual starting point of the “toxic loan” revolution that took our economy down.
  2. The Bailout may be an instrument to keep people into homes through the “loansharking collection” principle.
  3. Predictions about the convergence of low-priced and mid-priced homes through financing caps.”

Listen to Podcast here.

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One thought on “Underneath The Hood of The Bailout Bill

  1. I took the pledge – Have you?
    Well the congress has done it.
    As of the morning of te bail out vote in the House of Representatives, polls showed that the American people were 74% against any bail out for the Wall Street fat cats. We wanted a fix from the bottom up and not from the top down. Fix ‘Main Street’ not Wall Street we told them. They didn’t do it.
    However they did agree with the bloated $700 billion the Senate passed for their greedy Wall Street friends with another $150 Billion of Pork. So now our children are on the hook for at least $850 billion and no one can tell us if it will work or will be the last.
    Meanwhile, ‘We The People’ continue to lose our jobs and homes.
    Our elected representatives have chosen to ignore us, ‘We The People’ whom they swore to represent.
    They think we are stupid. They think we don’t have the guts to clean house. They think ‘they know better’ than we on ‘Main Street’ do.
    So…
    I have taken the Pledge:
    I, (LILLIAN JOHNSON), will NOT vote for any incumbent in the upcoming election regardless of party or who the opposition may be. I intend to do my part in ‘throwing the bums out’ in Washington that continue spending my money on those that have wrecked our economy rather than the people who sent them there. This is my solemn pledge.
    Mail this to your Representative and Senators, to all your friends and all news media, both local and national. Email this to all the talking heads on the cable outlets, Lou Dobbs, Bill O’Reilly, Keith Olbermann, Chris Matthews, Alan Colmes, Sean Hannity, Rush Limbaugh and with every blog and talk show host you know of.
    Urge everyone you meet to take the Pledge.
    This the only way we, the American People, will ever take back our own government.
    They keep telling us that the only power we have is the vote. So… For once let’s use it!!!!!
    Believe me… if we turn them all out THERE WILL BE CHANGE!!!!
    Do we have the guts? Do you???
    If not, then you don’t have any right to complain if they continue to screw us over.

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