Gil wrote on Sep 23, 2008 6:07 PM:We the people......NOT
Forget everything you ever read in The Constitution!!!

Here Tell wrote on Sep 23, 2008 6:10 PM:I hear that Issa is worth well in excess of 100 million dollars, if not closer to 200 million. He can afford to say let them eat cake. His retirement plans are assured come what may, the rest of us are heavily invested in our retirement plans and 401k plans and are sitting on pins and needles. None of this was our doing.

VistaFan wrote on Sep 23, 2008 6:15 PM:Looks like Issa doesn't want any part of the new Republican Socialism for the wealthy. Bravo

Art wrote on Sep 23, 2008 6:52 PM:So, if the big mortgage companies on Wall Street collapse, will we own our homes free and clear? Will there be a renegotiation of payment based on current valuation? Will everybody find themselves foreclosed en masse?

Trickle Up Opportunity wrote on Sep 23, 2008 7:16 PM:Give me part of the $700 billion. I sure I can make some of it trickle up to the banks.

Put Omaha In Charge wrote on Sep 23, 2008 7:20 PM:The oracle of Omaha warned that the $516 trillion derivatives bubble was a ticking time bomb. 'Financial weapons of mass destruction!'

Derivative Bubble wrote on Sep 23, 2008 7:35 PM:The Long-Term Capital Management hedge fund almost killed the global monetary system when it failed in the late 1990's with a relatively small $5 billion trading loss. In the last 5 years, derivatives have exploded from $100 trillion to over $500 trillion. Funny thing, the US econony is about $12 trillion, and the world economy is about $60 trillion. There is not enough money in the world to prevent the collapse of Wall Street.

Head must roll wrote on Sep 23, 2008 7:36 PM:No to the bailout until all those responsible are investigated, indicted, prosecuted and sentenced. They can start with their own, the Congress of the US. Every time the Government is involved they only make things worse, not better. All of us will have to suffer the consequences of the failures, but we will survive this, maybe make us stronger. The bailout will only compound an already awful situation. Everyone needs to step back, take a deep breath, quit spending like there is no tomorrow, pay off some debt and start saving for a rainy day.

John Maynard Keynes wrote on Sep 23, 2008 7:38 PM:said, 'The market can stay irrational longer than you can stay solvent.'

former con wrote on Sep 23, 2008 9:18 PM:Right Issa is outraged. Is this the same Issa that has voted for deregulation every time the financial lobbyists ask him to? He only asks how high and how far they want him to jump. Has he ever voted for consumers? union workers? improving the environment? Has he ever voted to help anyone whose income is less than 100million a year?

Save us the mock horror, Congressman Issa. Yeah we all get it, the election is in less than six weeks but you have little to worry about. In this district no one pays any attention to your record only to the the "R" by your name on the ballot. You do not need to try to fake concern for the American taxpayers now.

What has your Iraq war cost us? Three trillion in direct and indirect and continuing costs like taking care of the severely wounded for life, replenishing depleted materials and supplies for our various armed forces, etc.

I will NEVER forgive you for the death of my former student. While you supported the inept and incompetent president and his boredom with Iraq war details from 2002-2006, my student died in an IED explosion. Yet you never criticized Bush. NEVER!

If the surge was so wonderful, why didn't you insist on a "surge in 2002? Think how many Americans would be alive today if you had even once not been a rubber stamp, door mat for Bush. You had seniority. You had power. You could have done somethiong. I guess the party scene in Washington was more important than than our children dying needlessly because Bush was too bored to notice he needed to change strategy.

NOt to mention the 10 billion a month down a rat hole in Iraq. So now weeks before an election you are outraged about spending taxpayer money. HYPOCRITE!!!

Voice of Reason wrote on Sep 23, 2008 9:26 PM:But with Issa what he says and what he does are two different things...

Greg in Oceanside wrote on Sep 23, 2008 9:59 PM:I'm with Rep. Issa, and don't want any sort of bailout for any of these financial institutions.

How about Laissez-faire? How about having those over-paid corporate executive, who have reaped millions, return the money they took in excessive compensation back to the people they profited from?

They made the risky business decisions and they're going to be taken off the hook at the expense of the taxpayers? I hope not!

ObSERVER wrote on Sep 23, 2008 10:06 PM:Yeah!!!! I agree with the Congressmen. Why should the taxpayers reward bad (criminal) business practices on the part of these corporations. Maybe it is time they face the consequences of their greed.
There is no other solution. Any bailouts will only hurt our economy in the long run and create a tax debt on our children that is unconscionable.

Old Timer wrote on Sep 23, 2008 10:22 PM:It is a little late for Issa, Bilbray and others to be raising the flag and claiming that they support the little guy, when they and their party have masterminded this deregulation mess that the country is in. The Republican congress along with McCain were the proponents of deregulation for Investment banks and hedge funds and stopped any attempt years ago to try and control these out of control vultures. It must be an election year and they must think you all are dumb and don't remember how they marched hand in hand with the CEOs. Especally those that have been filling their coffers for all these years. Issa and Bilbray show go on the road with their own stand up comedy act - they are really that funny.

Billy wrote on Sep 23, 2008 11:05 PM:I suppose something will be done to
try to stabilize the economy. In fact what they are doing now, in my opinion, is trying to stave off runs on the banks.
What is really going on in our economy happens just about every 50 or 60 years. Some poor souls may experience it three times in their life time. We experience the threat of it often, but usually the system corrects itself even with the emotional outpouring from the masses.
We are going through a purging of the corruption in our economy. When the last purge finished the buildup of corruption started again.
A graph shows that since 1776 we go through about 50 to 60 years of living fairly comfortable with our economy and finally, not realizing why we become misrable with the corruption and find it necessary to clean house.
That is what is going on now - a purge. We hear about the massive amount of money being spent in Iraq and the amounts of US dollars that leaving our country for outsourcing. Illegals are sending massive amounts to support their families in foreign countries and do not pay taxes to replenish what they send off-shore. Congress is taking Social Security money and putting Government Securities in its place, and when the time comes that it is needed we will not have enough money in the General Fund to pay the recipients - those of our people who can't work for a living. We are dumping our General Fund and our countries wealth on the pretense of helping other countries when in a very short time we will not be able to help ourselves. (In order to steal and get away with it - for a little while - you have to keep the money moving.)
How long this purge will go on is not clear, but I venture to say that we should brace ourselves for a rough go of it during the next few years.

Lee wrote on Sep 24, 2008 6:15 AM:I guess it shows that even a dumb pig finds an acorn once in a while. Issa is an idiot but I have to agree with him on this one.

The only way I'd agree to any sort of bailout is if there is a mechanism for taxing those who profited over the past five years from questionable housing and mortgage related practices. Anyone who made significant income on mortgages and mortgage-backed securities should be taxed to the hilt until the bailout is paid off.

local osider wrote on Sep 24, 2008 6:26 AM:where was Issa when we needed him to say that complete deregulation was appalling, that wall street was creating an economic mess? Of course the bailout is appalling and so are the people who allowed this to happen....Iraq, Katrina, Corruption, and now the Economic Crisis....and the story goes....on...
OBAMA 08!!!!! Lets get someone reasonable in the white house that wont simply react to the daily news..

Say what wrote on Sep 24, 2008 6:50 AM:"Rather than having the federal government come to the rescue, Issa said, the Bush administration and Congress should step up oversight to determine what happened and then enact policies to prevent a recurrence."

Doesn't Issa know that was HIS party that led the rush to deregulate everything, claiming such market freedoms would make the world a better place? He's right -- the government needs to re-regulate -- but it's his faulty memory that's "appalling."

As a Repulican wrote on Sep 24, 2008 7:01 AM:I have to agree, a few years ago Bush was pushing for amnesty for illegal aliens for his friends in Mexico. Now he wants this pushed through so fast the public doesn't have a chance to see what is exactly behind the 700 BILLION tax payer buy out. First I want to make sure heads will roll and those people will never touch a tax payer cent again.

Randy wrote on Sep 24, 2008 7:45 AM:The financial firms got what they wanted- a market free of government regulations. Now that they have failed, they should file bankruptcy and have their assets sold to the highest bidders like every other failed business. This is the foundation of the free market: the freedom to succeed and the freedom to fail are two halves of the same coin. You cannot have one without the other.

Karl wrote on Sep 24, 2008 7:56 AM:Head must roll @ 7:36 PM:

Agreed

John wrote on Sep 24, 2008 8:09 AM:While I agree with Issa on a gut level, I also think the markets need stability and a government intervention - with comprehensive oversight and a tax payer equity position - is needed. If I had a 200 million dollar+ fortune, I would probably share Isssa's law of the jungle attitude.

Cal wrote on Sep 24, 2008 8:15 AM:It was Issa's brand of conservative ideology that brought us to this point. Now he wants to let the entire economy go over the cliff and let those who can survive the fall go free. Be careful what you wish for Darrell, you may not have any tax money left to fight your wars. BTW - is Issa still advocating privatizing my Social Security funds?

Let them fall wrote on Sep 24, 2008 8:53 AM:so new stronger companies can rise. Throw the CEO's and Boards in jail. Many of these board members sit on many companies boards. It is the Good Ol' boys club. Get them before they infect other companies. Hang tough Issa.

The Rich get richer wrote on Sep 24, 2008 9:37 AM:and the poor pay for it. I am so glad the FBI is investigating these companies. I think you will find them not much differently run than Enron.

Theotis wrote on Sep 24, 2008 9:37 AM:Right on, Darrell! No bailing out bad mortgages until they pay off my student loan first. When business people make poor decisions, they lose money. Simple as that, so let that be the case here. New institutions will rise to replace them. Same as it ever was.

GFN wrote on Sep 24, 2008 9:42 AM:Old timer is right. This government-using a word made popular by the young-sucks. Any incumbent should be out of office...sounds trite, but the last 8 years have been the worst in our history.

Its me wrote on Sep 24, 2008 9:42 AM:and he will not be getting my vote. Ever notice you never hear from him unless it is an election year. Can you honestly think of one thing he has done for your community. Elsinore residents beware, he has pushed LEAPS all these years and still at it.

Hey Lee wrote on Sep 24, 2008 10:03 AM:I think you just put lipstick on a pig.

Itallbeendonebefore wrote on Sep 24, 2008 10:35 AM:It's the Reagan model for Capitalism. He promised a balanced budet by 1984, didn't deliver and got re-elected! In 1986, the definition of inflationary indexes were rewritten (Voodoo Style) and deregulation of the financial sector took root, and the weakening of our military infrastructure began. We had a housing market bubble of which the taxpayer bailed out the likes of Neal Bush, Keating and McCain anyone remember the names? Bush walked with his pension, bonuses and a smile on his face. Keating got Jail and McCain?....

We had a preview of all we are experiencing today under the so called Great Reagan...well, it's still the Reagan boys in office, this time the talking head is named Bush. Bilbray, Duncan and Issa (and, McCain) have all been major players in this fasco as well as many Conservative Democrats!

Why mention the past? Well, I suppose I am angry at myself for buying into the the first Reagan Election. By 1984, however I went from Non-Partisan to Democrat in a feeble attempt to register my disgust with the newly founded Reagan Neo-Cons and their formula for global power and wealth. I saw it then as an attack on American Solvency and I see it now as an attact on our very Sovereignty. It would seem obvious by now that these people wrap themselves in the flag, god, county first motto's then use government to enrich themselves at the expense of the middle class.

The roots to this Capitalistic failure run deep and long, and it us that are ultimately responsible for choosing our leaders. We each need to look in the mirror and ask what part have we played in this? Elect McCain and I fear we will surely see more of the same. Phil Gramm?, Palin? Are you kidding me!

sage advice wrote on Sep 24, 2008 10:43 AM:And it was President Clinton who combined to two banking systems commercial and private that further allowed banks to profit in bad loans. Also may I remind you that Obama has taken the largest sum of money from both Freddi and Fanny Mac so please let's not just blame old R's
Seems the new "change" was caught up in the greed as well.

Screw the banks wrote on Sep 24, 2008 10:59 AM:Just give the $700 billion to us. That's enough for about $2,500 for each person in the country.

The banks should die and stay dead. When we need new banks, we'll create them ourselves.

Dee wrote on Sep 24, 2008 11:17 AM:Don't be fooled, the bail out will not save the USA, it is going to take TIME for the economy to right itself.

Don't forget that Bush promised the American people last year that his brilliant "stimulus package" would do the trick. That didn't work and this won't either.

There is no quick fix to this massive problem, don't be fooled.

Albondigas wrote on Sep 24, 2008 11:30 AM:Kamakazie Economics Mr. Issa

indy wrote on Sep 24, 2008 11:39 AM:Freddie and Fannie were filling pockets on both sides of the aisle. It's not all on Repubs. The senate banking commitee passed a freddie and fannie reform bill that wouldve cracked down on investing in risky assets, the Dem congress made it a partisan issue and blocked it.

Quig wrote on Sep 24, 2008 11:41 AM:The internet always warns us about requests for money and especially requests that require immediate attention! Why should it be any different for Large Government corporate Welfare bailouts? If it's one thing both Democrats and Republicans represent, it's not the people but rather corporate interests (their major campaign contributors). The scary part is, we just don't know which international or worldwide corporations have our(U.S. citizenry) best interests in mind as they nolonger require an allegiance to any country. We should be concerned about programs that seem to be following the past practise of deregulation that has lead us to this point .
I say, fix the "mortgagee dwelling only" individual homeowners mortagage financing but not bailing out the company or bank that was so cavilier with the borrowed money that the U.S. treasury or Fanny Mae or whomever issues to them. There should be no compensation to those banks or their board of trustees or stock holders that were so stupid to think the money fountain (U.S. government) was going to continue pouring more taxpayer money after bad investments.
No CEO of these failed entities should be compensated, or allowed to exercise golden parachutes,stock or money payouts. The mortgage banks and finance CEO's along with their stock holders must be made accountable for their poor choices and lax policies and minimal qualifying conditions to questionable candidates and shaky investments. The world will survive with or without a recession or depression. Have a large program only for the individual homeowner, the voting public not corporate interests.

Pure Politics wrote on Sep 24, 2008 12:27 PM:This is Issa doing what he does best -- follow the party line. Repubs are lining up against this plan in the hope that the Dems will be forced to pass it -- then, they will be able to say that they sided "with the little guy against all those socialists who wanted to nationalize our private businesses." Sad and transparent, as is McCain's sudden onset of economic religion, that the fundamentals of the economy are so un-strong that he wants to delay the debates to rush back to DC to "work on the problem." Man, these guys are shameless.

Reallllyyy wrote on Sep 24, 2008 12:33 PM:AS panicked politicians prepare to fork over $1 trillion in taxpayer funding to rescue Wall Street, they've fingered regulation, deregulation, Fannie Mae and Freddie Mac, the Community Reinvestment Act, Jimmy Carter, Bill Clinton, both Bushes, greedy banks, greedy borrowers, greedy short-sellers and minority-home-ownership promoters for blame. But there's one villain that has slipped notice: how illegal immigration, crime-enabling banks and open-borders Bush policies fueled the mortgage crisis. It's no coincidence that the areas hardest hit by the foreclosure wave - Loudoun County, Va., California's Inland Empire, Stockton and San Joaquin Valley, and Las Vegas and Phoenix - also happen to be some of the nation's largest illegal alien sanctuaries.

Bill wrote on Sep 24, 2008 12:44 PM:It was our doing and it will continue to be our doing as long as we allow people who we put trust in to do these types of things!

Do you actually think the government couldn't see this coming and did absolutely nothing to stop it?

The government...OUR EMPLOYEES!!!

In a corner wrote on Sep 24, 2008 12:49 PM:The Republicans are in a corner: they have an exceedingly unpopular president during an election year, who is about to go on national TV tonight to argue for this bailout plan. Normally, Republicans fall all over themselves to bail out businesses (check the record, including that of RTC and Keating-Five member McCain). But the enormity of both the problem (largely of conservative, free-market pedigree) and the solution has them scrambling. They don't want to look like they're on the side of either their own president, or a majority-Democratic legislature-approved plan to refinance this bad debt (and that is what it is, a refinance, not a bail out).

The rule in politics is vote against something that passes, and for something that doesn't, so you can always cover your a**. Meanwhile, Rome burns.

Just what would Mr. Issa do to solve the problem? Breathlessly awaiting his plan...

Wait until George W is Gone wrote on Sep 24, 2008 1:01 PM:No decisions should be made until George W has left office and we have elected a new congress. Do not let that GOP(Goof Off President)touch anything else with his stupid adivisors and Dick Cheney. He has made our country a shambles. George Mr. The Economy is Finacially Stable Bush is going to press the American public to agree with him tonight. Don't do it. He lied to us about Iraq and he will lie again. If we were not stuck in his darn Iraq War and the Republicans(who had control of congress )would have done their job the Economy would not be on the brink of Depression. Herbert Hoover led us into the Great Depression and George W will lead us where?

Plain and Simple wrote on Sep 24, 2008 1:04 PM:Giving bailout money to the masses wouldn’t work. The banks were acting like drug dealers, selling crack to addicts. Giving money to the people would result in a continuation of bad habits.

The populous (crack addicts) were spending beyond their means with extended credit that was a result of deregulation. Greedy brokers (dealers) were popping up on every street corner to feed the frenzy of Mc’Mansions and Escalades. Only a few of the corrupt lenders will ultimately pay just like only a few looters get busted during a riot.

The majority of US assets will be foreign controlled if government doesn’t intervene. For better or worse, we are left with the current government to delineate the bailout plan. What is a shame is people will continue to vote down the party lines and never look at their candidate’s voting record, so we will be left with the same puppets and spin doctors implement whatever plan is adopted.

Plain and simple, most people follow blindly. There will always be opportunists taking advantage of that. People like Issa will say whatever they think you want to hear so they remain popular.

Karl wrote on Sep 24, 2008 1:32 PM:As a Repulican @ 7:01 AM, exactly, nice post.

OCEANSIDIAN wrote on Sep 24, 2008 1:57 PM:I will accept the recommendations of Benanke (Professor of Economics, Yale) and Paulson (MBA Harvard) any time over the political posturing of the likes of Darrell Issa, some guy who made a fortune selling windshield wipers or something. This is not a time to play the blame game, it's a time for decisive action to avoid a total collapse of our financial system. That being said, it's way past time to enact strict laws and regulations to prevent these recurring and dismal failures. The bailout should be tied to such reforms.

2 Plain and Simple wrote on Sep 24, 2008 2:12 PM:I'm ready to give trickle up economics a try. I know that I'm just part of the ignorant tax paying masses footing the bill for this fiasco - but I think I can spend the money more wisely than this republican government or the fat cats on Wall St.

Do any of you folks out there wrote on Sep 24, 2008 2:48 PM:run YOUR personal investments and budgets the way our senators, congressmen and president does?

What ever happened to responsibility and moderation?

Julio wrote on Sep 24, 2008 3:03 PM:Do you know the difference between a Republican and a Democrat?

One will clean the stump off before bending you over it!

bill wrote on Sep 24, 2008 4:31 PM:Issa is correct, this massive bailout will hurt taxpayers (throwing 700 billion dollars into the economy that weren't there before will cause massive inflation)and reward those who took the risk (lenders and borrowers, alot of them probably comitted loan fraud to get a loan) There should be a full investigation into the loan applications of those individuals and lenders that defaulted on their loans. The government should only pay to get those who comitted fraud prosecuted and put in jail.

Obama my mama wrote on Sep 24, 2008 4:53 PM:You couldn't get a job at McDonalds and become district manager after 143 days of experience.

You couldn't become chief of surgery after 143 days of experience of being a surgeon.

You couldn't get a job as a teacher and be the superintendent after 143 days of experience.

You couldn't join the military and become a colonel after a 143 days of experience.

You couldn't get a job as a reporter and become the nightly news anchor after 143 days of experience.
BUT....
'From the time Barack Obama was sworn in as a United State Senator, to the time he announced he was forming a Presidential exploratory committee, he logged 143 days of experience in the Senate. That's how many days the Senate was actually in session and working. After 143 days of work experience, Obama believed he was ready to be Commander In Chief, Leader of the Free World .... 143 days.
>
> We all have to start somewhere. The senate is a good start, but after 143 days, that's all it is - a start.
>
> AND, strangely, a large sector of the American public is okay with this and campaigning for him. We wouldn't accept this in our own line of work, yet some are okay with this for the President of the United States of America? Come on folks, we are not voting for the next American Idol!

Killed in Iraq wrote on Sep 24, 2008 4:55 PM:They are still being killed in Iraq * The body bags are still coming home * Was one your son? * Was another your daughter? * Did you know someone who's head was blown off? * Did your son lose a leg? * Did your daughter lose her sight and hearing? Does your husband not know his children? Can you not look at the burns all over his body? * They are still being killed in Iraq. * And Bush still has not found the weapons of mass destruction. * Next time you see him, ask him where they are so our sons and daughters can come home. * They are still being killed in Iraq. * Palin says it is God's plan and McCain says "100 more years". * They are still being killed in Iraq.

Obama your Mama wrote on Sep 24, 2008 5:16 PM:Given the choice, do you let a guy who has labeled himself a maverick throught his 20+ year political career, has no discernable or predictable behavior patterns, and has not built any meaningful alliances within his own party, or do you go with a guy who is demonstrably bright, has some pretty good ideas, understands where the country needs to go, and has made the effort to build useful alliances within his party? Oh, did I mention that he's still married to his first wife, and has not cheated on her? Hey, I'll take the guy with 143 days in a heartbeat - especially since the consequences of losing the other guys heartbeat are so dire! Palin as VP is like taking a pop warner QB and putting him in the super bowl!!!! Give me a break!

responsibility wrote on Sep 24, 2008 5:20 PM:Issa is a Republican. He is responsible for this mess. Enough said. Vote for the Democratic candidate in November.

indy voter wrote on Sep 24, 2008 5:42 PM:wORST PRESIDENT EVER!!!!!!!!!!!!!!

To Responsibility.... wrote on Sep 24, 2008 7:19 PM:both party's have a hand in this fiasco, both party's have been taking funds and donations from the financial institutions which Bush now wants to bail out with the tax-payer footing the costs, Clinton was origionally crying foul on how the mid and low income wage earners couldn't afford the American dream of home ownership and started pressing the loan and banking institutions to make these risky loans,
zero down, 125% of the value of the properties, any idiot could have forecast this collapse, and people buying these properties knowing full well that interests rates would climb, or their incomes couldn't keep up, are just as guilty, now those of us who maintained and didn't re-finance everytime credit debts got to much can laugh...and cry as we watch those who openly broke the rules be rewarded by a possible government bailout, let them sink into the bad loan papers they wrote, it will correct itseldf in the end, but alot odf dfolks are going to sudfdfer dfor thier greed, ignorance, stupidity, or all of the above....

Just a reminder wrote on Sep 24, 2008 7:29 PM:To everyone pointing the finger at Bush and Republican's in general:
The Democrat Majority running the house for the last 2 years have also been a part of this mess.

And.. wrote on Sep 24, 2008 8:04 PM:Before the past 2 years, the Republicans have been running Congress since 1995! Funny, no one mentions Phil Gramm in all of this mess.

Who-to-believe wrote on Sep 24, 2008 8:12 PM:Republicans are not responsible for this mess. There's enough crap to go around to both parties. There has been deregulation for years and through both Democrat and Republican Presidents terms in Office. Look back at some of the legislation and how your congressmembers have been voting on both sides of the political arena. Even looking back at how they voted could be deceiving unless you read the bill and see what crap may have been thrown into it. It is amazing that anyone would care how much money Issa is worth. Most of your leaders would be considered wealthy. It doesn't mean Issa doesn't want the best for his own country and family. I've watched Issa and listened in on his phone town hall meetings. He seems to care more then many realize. I watched Issa spend a great deal of time trying to deal with the issue of illegal immigration, which I personally appreciate. Take a look at who is on the House and Senate Banking committees. It should be interesting once all of the investigations begin. Wasn't it Obama who received the most or close to most in contributions from Fanny Mae?? Has anyone looked at California's State Senators and Assembly members lately? If not check them all out and then you might figure out why this state can't balance it's budget. If you listen to the media most of it is bias towards Obama so I would suggest everyone do their own homework before deciding. As far as what to do about bailing out the Banks etc. without all of the inside information that is a difficult decision to an outsider to make. I personally hate the thought of bailing out anything that was caused by stupidity and corruption. Wonder how many loan brokers and home appraisers will be looked at for dishonesty. Many of the Realtors would say anything to make a sale. I have no doubt greed went from the top to the bottom.

Yes please wrote on Sep 24, 2008 8:35 PM:do your homework and you will find that Barack Obama is the better candidate, hands down.

I don't begrudge the money Issa has made over the years. More power to him. However, he tried to buy the gubernatorial race 5 years ago when he spent $3 million of his own money on the Davis recall. Someone mentioned earlier that he only comes out when it's election time, which has certainly been what I've noticed over the years (which is 50 in North County).

Darrell Isssa has rubber stamped most, if not all, of Bush's vision since 2001, and only now - when Bush's ratings are below freezing, does he distance himself. This move of his is hypocritical since he's been a staunch advocate for deregulation during his tenure.

rsxguy wrote on Sep 25, 2008 12:29 AM:the problem is actually really easy to fix the goverment is either too corrupt or lacks the stones to do it

we take these companies and audit there books we then fire all upper managment we then take the managments assets from the point where number fudging and questionable practices began (like giving loans to people with no source of income) we liquidate all assets, bonuses and accounts of these people to assist in paying off the debt(that right there will take a large chunk out of it) if the money is "missing" we jail them until it magically reappears(and it will) afterwerd we refinance the homes appropriatly to people who fill the quota (stable income that qualifies, made payments ect) those who do not fall into this quota..we forclose and return what was spent on the house so far(being the whole practice was fraudulent on the bankers part)

we then use the company as a state owned entity to continue business until the debt is paid off(all proceeds aside from basic overhead and such go to the treasury) and upon the debt being paid and the system being back on budget we begin to liquidate/auction off the assets of these companies to other more responsible companies or just let there stockholders decide what they would like done with it(assuming there are any left because during our ownership of the company they wont be making squat

problem solved ceos lose employees keep there jobs, the people who can afford it keep there houses and we dont have to spend a trillion bucks

its the best deal were gunna get

La Mesa wrote on Sep 26, 2008 1:23 AM:Republican heads should roll...

Fire Issa and the rest.

According to The Book of Revelations wrote on Sep 26, 2008 2:53 AM:The Anti-Christ will be a man, in his 40s, of MUSLIM descent, who will deceive the nations with persuasive language, and have a MASSIVE Christ-like appeal.....the prophecy says that people will flock to him and he will promise false hope and world peace, and when he is in power, he will destroy everything.

OMG wrote on Sep 27, 2008 5:27 PM:To According.... you are seriously disturbed. Shame on you for blogging such intolerant, inflammatory, and down right incorrect information.

You and your ilk is what is wrong with this country - AND the world!!! You are no better than the terrorists we are fighting. You are scarier than what you describe in your awful post.