$700 Billion bailout...

This whole thing about a $700 billion bailout is nonsense. First of all, the people that created the problem (Congress) are now trying to cover their asses with the solution of giving $700 billion to the organizations that gave those faulty loans so that they can continue to do business as usual.
This is rewarding incompetence and punishing those who have conventional mortgages and have never missed a payment.
Another solution could be this...Since the total of outstanding first mortgages (under $100,000) totals slightly over $200 billion; why not have the government pay off those mortgages and save the taxpayer $500 billion and the institutions that wrote the bad loans would be "off the hook" (and therefore rewarded for poor business practices).
Of course, the problem still exists in that Congress will continue to try to force institutions to make bad loans by guaranteeing them with taxpayer money and the lenders will continue to make bad loans; thus perpetuating this crisis again.
No matter what is done, the only people that get screwed are those that played by the rules. Everyone else (the greedy lenders, your local Congressman, Wall Street and the scammers that took out loans they couldn't pay) gets rewarded at your expense.
The only realistic solution is to let the lenders fail, the people with those bad loans learn their lesson by losing those houses and vote out every representative in office.
As an example: I can't feel sorry for the bank that loaned money to an illegal alien to buy not one, but four houses with nothing down and at 3% interest, so he could rent out three and live free in one. Now that the interest rates on those loans has been readjusted, he has left the four loans go into default and the bank now owns those four houses that are worth less than the outstanding loans on them. Do I feel badly for the bank ? for the illegal alien ? for his renters ? for who? I'll tell you who. I feel badly for those that have played by the rules and are seeing their savings and 401K accounts become worth less that they put into them.
This problem could never have happened without Congress allowing it (and creating it).
There is no one in Congress that is blameless in this matter (no matter what lie they tell you). Get rid of anyone that has misrepresented you and vote for new Representatives. The new ones can't possibly do more harm than the one's we have now.

The bailout

What the hell is the matter with Congress ? This financial crisis requires immediate action. The Democrats are filling this $700 Billion bill with all kinds of add-ons and slowing the process. In order to speed things up, Bush has already given into their demands and they continue to add more things (sounds like the arab tactics with the Palestinian negotiations).
What the Democrats are really trying to do is nationalize the financial industry. We all know that $700 Billion isn't enough; over a $Trillion is needed (short term).
Should this plan fail (and its only a bandaid to slow down the financial fall), the world plunges into a depression, the magnitude of which you can't imagine. 1929 will look like a quicky dress rehearsal.
All I can say at this time is to stash as much cash as you can under your mattress, buy bags of silver dimes and Canadian gold Maple leafs. Of course, let's hope for the best but prepare for the worst.
Don't walk; RUN from any bank you've got savings, CDs, IRAs or any other money tie up. Every bank (yes even the strongest and most prudent) is so overextended and the FDIC has no money, that you may lose everything.
I "hope" that I'm wrong...experience tells me otherwise.

ALERT...

One of the safest places that people had to save money with no risk and have it earning money was to put your money in a Money Market Fund. Although these funds pay very low interest, your money was NEVER worth less than what you had put into them.
Today, several of these funds have revalued your money at 97 cents for every dollar that you have put into these funds.
Have you noticed the nations largest banks are either failing or being bought up at 30 cents on the dollar by other banks ? Now, even the largest insurance companies are also failing. You may sit back feeling secure in the fact that the bank where you have your money is part of the Federal Reserve System and insured by the FDIC (Federal Deposit Insurance Corporation) for up to $100,000.
Get clear on this:
(1) The Federal Reserve is neither federal nor has any reserves. There are 12 privately owned banks that comprise the Federal Reserve System. The Federal Gov't. has no more control over these banks than it does over any other privately owned business.
(2) The FDIC is a corporation just like any other corporation and is also subject to fail. Any corporation whether large or small can fail. Just look at some corporations that were part of the backbone of this nation such as General Motors and Ford which are both on the verge of bankruptcy.
Banks are starting to fail at such a rate that foreign companies and governments are bidding as much as 30 cents on the dollar to buy them before they go out of business. As an example, The Peoples Republic of China Army has put in a bid for Washington Mutual Bank.
Before a run on the banks gets fully blown, get your money out while you can. The gov't. will make moves to try to "shore up" some of these banks and insurance companies (with taxpayer money of course) which will only slow down their demise.
You may be wondering how this all occurred. It all started under the Clinton administration where the Democrats decided to help expand the home ownership in this country by forcing banks and other lenders to finance people that normally could not afford a home. Billions and billions of dollars of these bad loans were written. As the "teaser rates" that these loans originated with climbed to their realistic rates, more and more homeowners could no longer make their mortgage payments and foreclosures climbed. Since most of these bad loans were discounted and resold to the investment bankers on Wall Street, repackaged and sold to investors in their 401K accounts, when the foreclosures started to multiply and people who bought houses with nothing down and a stating interest rate of less than 3% had nothing to lose by just walking away and leaving those holding these mortgages "holding the bag" with empty homes that were worth less than what was owed on them.
The Bush administration has tried for years to correct this problem but a Democratic Congress has stopped any action to halt or minimize this problem. This is just another reason why I urge all of you to vote out anyone that is now serving in Congress (career politicians) and allow new ideas to fill the halls of Congress with new Senators and Representatives. The Democrats thought that by "helping" people get their own homes, they could "buy" votes and it worked for a few years. Well, the bubble has burst and the game is over.
You still have anywhere from a few days to a few months to get you money out of Certificates of Deposit, Money Market Funds, Savings Accounts and any other investment associated with investing money related products.
Just remember, I've warned you and if you prefer to not take this warning seriously, you deserve to lose all of your money.

I'm confused...

Either I'm missing something or I'm just confused. Who is Obama running against ? All of new verbiage is against Palin (not McCain). Is Obama actually running against Palin ? If not, then why all of the attacks on her ? Could it be that the Democrats are terrified that if she becomes Vice President that she'll do to Washington what she did in Alaska ? Are the politicians and lobbyists worried about ending up in jail for their "back room deals" ?
Another point of confusion is that Obama says he's the candidate for change; yet he won't tell anyone what he wants to change. Meanwhile, McCain is telling all of us what changes he wants to implement.
Is it that the Democrats are confused, or are they just plain stupid, doing business as usual ?
McCain & Palin tells us what a great country this is while Obama tells us what a "bummer" America is and his running mate says nothing.
You may not like McCain but he certainly is the lesser of the evils and will do far less damage than Obama in the White House.
Obama has already caused a racial divide and is slowly moving civil rights back 50 years. Is anyone paying attention to what he's actually saying ? Depending on who he's talking to, he'll say just the opposite of what he told the person before that. His platform if "hope & change". What the hell does that mean ? You can hope all day...and still nothing happens, As far as change; what change ???
In polls throughout Europe, Obama is the favorite because they know he'll keep giving away our taxed dollars, whereas McCain wants to change the foreign aid giveaways (especially to countries that don't need it or are our enemies).
Bottom line is that you must vote out all incumbents as our Congress has spent 50 years screwing us for their own agendas. Let's give some new people a chance to bring us back from the damage that our career politicians have done.

Hypocracy...

What the hell is the matter with the Obama people ? They (including Obama himself) all screamed to not pick on Obama's family. Now it seems absolutely OK for them to pick on the family of Sarah Palin. What f------g hypocrites the Democrats are.
Palin has done everything that both the DNC and NOW say that women should do (with the exception of not aborting a Down's Syndrome baby). How can they find anything wrong with her ?
They can't so they pick on her husband and children even though they scream when it's done to them.
As far as experience goes; Obama has spent most of his term as a Senator not doing his job, but instead, running for President. During that same period, Palin has been the executive running one of the wealthiest states in the country. In addition to cleaning up the corruption in her state, she has a great deal of experience dealing with trade to the Orient. She is an expert on the oil industry. She is a threat to the Washington insiders who might get exposed in their underhanded dealings behind closed doors.
The only experience that Obama has is posturing as a celebrity and "messiah" during the past two years. He has no established record in the Senate. His only claim to fame is his collaboration with black radicals under the guise of "community organizing".
Obama speaks of hope...what the hell does that mean ? Obama speaks of change and selects one of the good old boys of Washington as his running mate. What change is he talking about ?
This has gotten so confusing...is he running against Palin or McCain?
Anyone that's proud to be a Democrat these days, certainly needs some therapy. Every speech that Obama utters becomes a contradiction of a previous speech of his. Without a teleprompter, Obama is lost and stutters through his lies.
McCain may not be your choice or the best choice to run this country, but Obama is certainly one of the worst things that can happen to us. Between his overtly angry wife and his indoctrination of radical, militant racism, he can only help divide this country racially more than it is. Obama will help move civil rights back 50 years.
I really don't care about our President being white or black, being male or female, being rich or poor...I only care that the next President be at least the lesser of the evils.