Want to stop the $700B Bailout?

[kpounds]

Hey folks, if you don't like the $700 Billion Bailout, there's a petition you can sign. Sign up quickly and tell your friends too! About 14,000 signatures so far. This may not STOP the Bailout, but at least we'll get our voices heard and maybe improve the final bill.

NoWallStreetBailout.com

Another good site about our economy is FreedomWorks.org which used to be known as "Citizens for a Sound Economy".

[kpounds]

Another good site with lots of ways to take action is Stop The Housing Bailout!
2 excellent videos on the site by Rep. Marcy Kaptur of Ohio explaining the situation.

[Jakerooni]

Looks like you got your wish... A huge NO! from Washington

House votes down massive bailout measure - Economy in Turmoil - MSNBC.com

[DavidB]

It will be interesting to see the news every morning for the next couple weeks... any bets on which bank falls next?

[rjstaaf]

In case anyone hasn't already heard, add Wachovia to the list. They were just bought out by Citigroup.

My accounts are at Wachovia, I know we are FDIC insured but still.

[kpounds]

Originally Posted by Jakerooni

Looks like you got your wish... A huge NO! from Washington

Better yet, I listened to the Dave Ramsey radio show this afternoon and visited his website. He has a plan that he says should fix 60% of the financial situation and will unfreeze the markets. He has it in audio (5-6 mins) and text on his website. The audio was easier for me to understand. He says others agree with him, including many economists and its now being talked about behind the scenes on Capitol Hill. He expects the stock market will be shaky over the next 1-2 weeks as this works itself out.

The Bottom Line he said is to call your Congressman & Senators (now!) and tell them to:

Change the Mark-to-Market Accounting Law -- and to extend insurance but extend no loans.

And tell them if they borrow money and get us taxpayers into the mortgage business we will FIRE THEM next election. He isn't alarmed about the situation and is SICK of the media and government fear-mongers trying to scare us. He said the plan would cost about 40-50 Billion, not 700B.

Its at Daveramsey.com -- Click the Spotlight - Urgent - Dave's Got a Plan!

Check this out too - Recent Bailouts

[kpounds]

I was listening to Dave Ramsey's show today (Tuesday) and he'll be on TV tonight to promote his plan on Bill Oreilly's The Factor,
his TV show at 8pm on Fox Business Network, Larry King Live, Good Morning America on Wed morning and a few others.
He says its not actually his plan but many different economists ideas and he "kind of put it together". Its updated with a new
plan-of-action at his website.

I also heard Newt Gingrich today say "if we can just change the Mark-to-Market Accounting Law that'll take care of about 500 Billion right there."

DaveRamsey.com

[Bunky]

If it were that simple, you wonder what is going on. I have not heard the republican leadership bring it up...It gets covered like other half-truths on conservative media.

[DavidB]

Originally Posted by Bunky

If it were that simple, you wonder what is going on. I have not heard the republican leadership bring it up...It gets covered like other half-truths on conservative media.

I think that can be said of all media. Let's be careful not to start a political battle.

[SpoiledMan]

Originally Posted by rjstaaf

In case anyone hasn't already heard, add Wachovia to the list. They were just bought out by Citigroup.

My accounts are at Wachovia, I know we are FDIC insured but still.

My home loan is with Wachovia and I can't stand Citigroup!