President Bush attempted to bring the issue to light and was dismissed.
McCain co-sponsored legislation to regulate and look into the housing issues and Fannie Mae but the democratic controlled congress blew it out of the water with some claiming it was racist to question low income mortgage loans.

As late as summer 2008 Barney Franks claims everything is fine at Fannie Mae!

People need to open their eyes and look at the truth and the dispicable politics of the democrats and their congressional “leader” Nancy Pelosi who is obviously deluded as to who is responsible for this mess.

the disguised options for the sec of treasury to accept any asset for any price from anyone anytime he or she sees fit, is a total disgrace

the media and lawmakers telling us the taxpayers that protections are now in place should not only be ashamed, but held accountable for mis-representation

i am truly hopeful that fox news will make this a major “sticking” point to discuss and bring out

yes, the need for solutions is evident; in that i agree with both Todd Harrison and John Mauldin, both people i respect a great deal

but the need for a giveaway of our rights and hard earned monies is not

i don’t feel it will restore confidence or have more than a momentary effect, while more lastingly lining the pockets of the people who helped cause this problem with overleverage and over reaching greed

this “crisis” has been evident to middle and lower class working people far longer than the sudden need expressed by the president and sec of treasury

the difference is now people with higher incomes are feeling what already been on main street for a long time

thank you for listening; i look fwd to hearing you, cavuto, charles and others on foxbusiness

yea money for breakfast! (and lunch, dinner, and snacks

Also, it does really clearly explain how this will open the credit markets, there is nothing in the bill which requires any business that participates to use the funds aquired toward additional/new credit. What’s the deal with that?

If the housing market is the problem, this bill will not resolve that problem, only put a bandaid on the problem for the major banks and investment banks. The problems with the house market will still exists, a lot of people in mortgages where the property values are less than the mortgages, regardless if the person is sub-prime or not. How is this bill addressing those problems. It doesn’t.

Let the market clean itself, perhaps with some limited gov temp support, but if these investments are so good at a reduced price, I’m sure there are other investors who would love to buy them. If not, perhaps it’s not a good investment.

Fix the bill with some actual meat, do not include distributing profits to orgs like Acorn, and have a plan that will impact everyone, not just a few.