Key Takeaways from the Proposed Bill

We can hear it now. Give them any sum now and they will come back in a few months and say, "Oh, we really needed more". No, No, NO, NO! What part of NO do you not understand Wall Street and Congress?

Dear Folks, We are being told all sorts of dire things will happen if this bailout doesn't occur. However, no one is commenting about the following: What will happen if we bail out the banks and the banks still don't loosen credit for businesses and individuals? Also, isn't all of this "urgency" a smoke screen to encourage the Communist Chinese to continue buying our almost worthless treasury notes?

The Wall Street Bailout Bill: Bush McCain Obama et al. The Realignment Of American Politics: Anderson Baldwin Carter Choate Clemente Gonzalez Gravel Kaptur Kucinich McKinney Nader Paul Perot Sheehan Ventura

You have really good news...NOT only do we taxpayers have to buy these dogs we may have to pay for yard care too??? Why dont we send the bill to Iraq for bailing them out of their mess and they can pay the US taxpayers back in oil and related revenues. If this bailout bank deal is so good let Congress accept it in lieu of salary since they were paid to oversee this already.FIRE THEM ALL!!!!

so? what else is new? the taxpayer been getting the short end of the dirty stick for very long time. But no one will vote the current legislators out of office. It's always someone else's legislator needs replacing because "we, the voters of this district, will lose our position in the legislature". Throw all the rascals out. have the opposing parties get enough intestinal fortitude to run a candidate against every existing candidate. A 9% approval rate means some of them are vulnerable.

Alexis interviewed Steve Forbes about this and I watch it. He stated that the mark the market law should be quickly removed. Also on CNBC'S SQUAWK BOX this morning one to the Republican Reps she stated that some of this already being proposed in this act should be implimented right away. But she had resverations on this bill too.

#4 is a poison pill, and completely unacceptable. Bad enough we have to bail out our own companies, but now we're supposed to be suckers for the whole world?

Brian, What about the dollar? If this 700bn dollar bailout passes and the dollar tanks, how will that help homeowners who are paying their mortgage. Gas prices will rise back to $4.50/gal, groceries will double, and energy costs will be astronomical. All of this will cause more forclosures not less.

Brian, I think the Fox Business network has done a good job on covering the different aspects of the mortgage backed securities issues. Unfortunately, our Representatives in Washington don't watch your network. The current problem is certainly a very serious one, but, it is only the start of the problem. There will be more financial problems ahead for an untold number of homeowners who have not yet been caught up in the escalating terms of their mortgage. Why does Washington bypass giving them genuine assistance ? Could it be that many of the mortgage backed securities in the 9 Trillion dollar industry would lose value if a large number of mortgages are refinanced at more affordable rates ? As far as the economy goes everyone with a bank account below 4 zeros knows it has been on a downhill run. Gas prices cause contractions in many businesses. Grocery costs continue to rise. Savings interest doesn't keep up with inflation. Should I go on ? The excuses given by the politicos are right for the above reasons. I also don't think that the Washington crowd has the financial where-with-all to deal with the problem. Why not a equally sized group of experts from our leading universities discussing and voting on the issue ?

Well, my question is how will U.S government structure Direct mortgage purchasing? Any ideas on where to look.

Brian, Just these few points you raised are enough to keep the American people wary of this bailout of Wall Street at tax payer expense. I sincerely hope that the House Republicans who are opposed to this bill keep up their opposition and vote against the waste of tax payer money. I will be watching to see if my representatives in Congress vote for, against, or abstain. Their votes this week will determine which way I vote when they come up for re-election.

Regarding Assistance To Homeowners - Modifications include reduction of interest rate and/or principal with out any reference to limits (floor). And Conflicts of Interest do not include government employees, ... This 'loophole' could benefit politicians or friends holding personal mortgages.

I am really concerned since I saw a report in a town in Michigan at a county seat fox news reporter interviewed a lady who works in the voters registration office. She said she is putting out 600-700 voters registration cards a day, why so many? We are really concerned about voter fraud, in many swing states especially. After what happened in Florida in the last election. We are also concerned about this ACORN organization being involved with voter fraud already and being directly related to the Democratic party trying to get this group included in the bailout also throws up of RED Flags. It looks like it is directly related to Obama's Campaign,funds,voter fraud and alot of corruption. How come nobody is reporting on this. This needs to be made public.

I think that the market bailout is wrong. Let the market fall and rebound without government intervention. I am outraged at this scam. From what I hear, the guys who oversaw and are responsible for this are not being indicted or questioned, instead it seems that they are getting their money anyway even though they are responsible for the mess. Chris Dodd is in the middle of this and he should be held responsible for it as well as the Democratic controlled congress lead by Nancy Pelosi and Harry Reid It seems that they are hiding something with all the talk of a crisis if we don't bail them out. Probably the only crisis is the one that effects their retirement plans Then to see that we are also going to bail out banks from other countries too. My God what is wrong with this picture, let the other countries bail out their own banks etc. I work hard for my money, if I make a financial mistake who's going to bail me out. I AM OUTRAGED I will not vote for any one who votes for this bail out, and actually I wish all the politicians would be kicked out and new guys voted in. Every seat If there was a way to get this as a law, I would be for it. I would even campaign in my part of the world for it. they should have a limit to two terms, no more, that would definitely cut down on corruption in government. I am also outraged at the ACORN thing regarding voter fraud. I think this organization should be closed down, And if there are any attachments to this bill giving money to pet projects solely because the bill is going to be passed that doesn't have anything to do with the bail out then the person who attached it to the bill needs to be investigated and booted out of government.

Didn't you fail to mention something??? A "magnet" is an "acorn" by another name and they are back in for 35% of the profit (if any) They can dress it up to take it to town but it's still a pig. ((PETA objects to putting make-up on animals)even pit-bulls)

Point number three is tough to accept but this is a reasonable compromise....................."direct mortgage purchasing" or putting ACORN into the game. Republicans will regret letting the 400 lb. gorilla into the room. Point 4 is weak too...............but all in all a fair compromise if we're dealing with fair people. Unfortunately we're dealing with Democrats!!! The liberals conceded 1/2. Conservatives acquiesced on 3/4. Pelosi's spin was an absolute lie...................but what can you expect when dealing with the Democratic Machine in an election year!!!

what about those in congress who have received $$$KK from these institutions. legalized corruption!! greed has overtaken our ability to keep our integrity in positions of authority. they run like cockroaches when the light of truth comes around. shameful, shameful.

Brian, My concern is around the regulatory oversight of this massive amount of assets. Einstein's definition of stupidity is playing out in front of our own eyes as Barney Frank and Chris Dodd look to be in position to oversee the regulation of this bailout. Yikes!! These were the guys taking lobbyist money and looking the other way on Fannie and Freddie and the guys that looked the other way when, over the past 7 years, Bush, McCain, Dole, and others have gone on record signaling the need for regulating Fannie/Freddie. It is the fox watching the henhouse. OMG. I'm sick.

Takeaway No. 1 - Do you mean "suspend" instead of "suspect"?

The original plan included many million $$ for organizations like ACORN Have these $$$ been removed from the plan ????? Thanks

The new plan may give the Dems added incentive to raise taxes on the "rich." On balance it appears that neither party can claim credit for the agreement although it appears that the Dems are making the most accusatory statements. There needs to be a complete sweep with investigations of those in Congress who have protected Fannie and Freddie. It may take years before anyone knows how much this will cost taxpayers.