Bailing Out Congress
Undoubtedly you have heard a variety of talking heads and politicians give a wide range of reasons for the failure of the bill to pass the House. The Spin Doctors have indeed been busy. What is almost never mentioned is that members of the House heard loud and clear from the folks back home that they did not want their tax dollars going to bailout Wall Street.
Bush and a host of leading congressional figures had implored the lawmakers to pass the legislation despite howls of protest from their constituents back home.
Why is this bailout so important? Why the urgency? How could this seemingly come about virtually overnight? Who is to blame and who will benefit? All good questions to which you have yet to receive straight answers. But there are some pieces that are known. We have collect some of these items for your review.
From WorldNetDaily
Your Scorecard for understanding the mortgage scandal
Find out who's who in the 'Rogues Gallery' of economic crisis
This is a very good background piece that lays out the trail of corruption and manipulation by speculators and Congress that has led up to this so-called crisis.
From Forbes
Bad News For The Bailout
From HotAir.com
Video: Democrats insist "nothing wrong" at Fannie Mae, Freddie Mac in 2004
This article contains a video of various Democrats defending Freddie and Fannie. Listen for yourself as Barney Frank declares : "I don’t see anything in this report that raises safety and soundness problems".
From LiveLeak.com
Huge anti bailout protest on Wall Street subject to mainstream media BLACKOUT
I wonder why mainstream media is not reporting this?
One last question we should each ask ourselves: "why should we trust the same people who created this mess to fix it?"
Labels: bailout, congress, corruption