2 Fed Governors, 1 Sick Economy

>>>As a realtor, I didn’t fully understand what the subprime loans meant to the homeowner. I was just excited to get a family in a home and it felt good to help someone This is precisely why you should not be selling. I used to be a salesman, and I considered it my responsibility not just to "make the person happy", but also to make sure they could afford the bill. If they couldn't afford the bill, I advised them to buy a lower-priced item, or not buy at all. Second, note that NONE of the people you sold home to are "owners". They are merely Renting the use of the property from the true owner - the bank. The facts (which you seem to be in denial about) are that many people can't keep paying the bill for their homes, because they were sold $300,000 homes on $10 an hour wages. That's simply not going to work. How many of YOUR customers have been kicked-out? You are partly to blame sweetie. Just as surely as a doctor is to blame if he "unknowingly" punctures the heart during surgery (incompetence). Professionals are held to a higher standard - ignorance is not an excuse.

Alexis, You are a great investigative journalist, Please look into the 'Great Unwind" of the highly leveraged debt in the financial markets, created by greed driven stupidity. Shine some light on the shadowy back door derivitive markets that are larger $$$ that the stock market.......

Hey Shelby I can understand your frustrations. I've following the bailout story since it broke. Now here's an interesting story that is now surfacing. Not even the leftie talk show hosts are talking about this one. Well it all started when Sec Paulson saw some data on his computer screen. Some describe the abyss. But what he realize is that the stock market was five trade days from a meltdown. If Paulson hadn't acted it would've been real severe from Wall Street to Main street. I heard this story on Glen Beck Show on Headline News. It was real interesting for the Wall Street Journal broke the story. Real interesting back story to the bailout eh? Now ask some financial journalist at Ole Miss and see if they know the story.

More and more the story is mow surfacing that the present finanical wall street sitution has been engineered by the Democrats. The trail goes back to Jimmy Carter,former president clinton and the name Jaime Gorelick has come up. Rush Limbaugh stated if you want real change in this morass is to have Rep. Barney Frank and Senator Chris Dodd to step down. Now the Senator Schumer too blocked a reform bill which lead to better management of Frannie and Freddie. As congress trys to work out this morass, I honestly suspect more stories are going to come out to show that the incumbent liberals in congress had a lot to do with this. But all roads now appear to go back to Freddie and Fannie. And Senator Obama needs to explain himself on the Fannie and Freddie issue.

Hey Alexis! I spent the day interviewing financial journalists as well as administrators at Ole Miss and am more confused than I was before I started. It seems like half say the market should run its course- they want consequences, they want bank failure... Some even admitted they want depression over this proposed bailout. The other half said this bailout was necessary, that we had to act and we had to act fast. However the thing I found most interesting of all was that they all seemed to share a very optimistic outlook for college students. How in the world can this bailout be beneficial to us young people if we are the ones who are going to be stuck picking up the tab? I have never worked on Wall St but I know we are facing a massive situation that holds massive implications for our generation!

The root problem sir, is not the toxic mortgages. If you are trying to convince me the root problem is all the people who spent money they did not have, or overextended themselves,I have to disagree.The gov,t did this first, and lead the way, thereby becoming "the root problem"