I dont get how someone can make this a personal issue and slam you for your opinion, but knowing that......how can our congress throw this much of our money around with NO explanation beforehand of what is in the bill ?

I am opposed to the bail out TOTALLY. This country needs a wake up call......we do this and THERE WILL BE MORE TO COME. I have read enough the last 24 hours to realize that NO bail out will NOT spell disaster. I do feel bad for those who believe all the stuff they were sold about how they can have this american dream under any and all circumstances.

Today, I had lunch with two folks who worked in the mortgage business and they told me how you could use welfare as income in order to buy a home at times..imagine ! They told me of folks who borrowed 20% for the down money from one place and the other 80% from somewhere else and got a no closing cost deal and they didnt even have a job.

They also told me, and this I have not even tried to validate, but they said that their bosses albeit with limited insight were warning of this about Fanniemae and Freddymac years ago...with limited knowledge.

This is not my strong suit (economics) thus I have been asking a lot of questions. Bottom line.....MANY MANY folks saw this coming with certainity...since the 90's companies were actually being begged to make risky loans by the government (not sure who that indicts at all).....it became from Washington the patriotic thing to do..make home ownership very easy....and this has been going on for about 15 years !!!