The SOB’s in the Senate are at it again. They have porked the you know what out of the emergency bailout package. I downloaded a copy and read through it tonight. I am absolutely shocked and ashamed of what I found. It is totally business as usual. Dozens and dozens of special interest appropriations. Page after page of items that have absolutely nothing to do with our financial crisis. Don’t get me wrong, some of these things are important, but DO NOT belong in this emergency package. Unfortunately, this bill would not pass without dangling the candy in front of our addicted public servants. It will be interesting and scary to see how much this 700 billion dollar bill will actually cost tax payers.

Popularity: 53% [?]Rate this: 2.5

Popularity: 53% [?]

By now I’m sure you have heard about the latest unprecedented government move to take over Freddie Mac and Fannie Mae. Treasury Secretary Henry Paulson announced the news on Sunday. It is estimated that 50% of the 5.4 trillion in US mortgages are held by Freddie and Fannie. Many experts agree that they are too big and important to fail. So here we go again with another tax payer bail out.

Popularity: 89% [?]Rate this: 2.5

Popularity: 89% [?]