$700,000,000,000 Bail Out Not A Problem, Public Option Not So Fast!!

Posted on 28 September 2008

Yes, smiling senators inform the world that they have come up with the largest bailout plan in living history to buy up “toxic” mortgage backed securities and “hopefully” save a Wall Street collapse and the ensuing carnage that would result on Main Street.

But lets be clear, from the miserable brokers who pressure sold no doc loans, to the reckless homebuyers who bought homes they could ill afford, to the investment banks that bought this bad debt knowingly and sold it on to other banks – all made up the basic ingredients of this unfolding crisis……

So no wonder most tax payers are outraged at this bail out. THIS SHOULD NEVER HAVE HAPPENED……

And yet there remains 48 million uninsured, 100 million underinsured  and 1.8 million a year insured who still have to declare bankruptcy because of overwhelming out of pocket expenses……

These are the people who deserve our taxpayers money. Its called a right to life.

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