Re: OT: Bailout Bill

>    sorry for the OT, but I think the gravity of this situation offsets
> the negatives of making this post here.

>    In case you are not aware, congress is currently considering
> emergency legislation for a supposed 'bailout' of 700 billion dollar
> credit line to the US Treasury in order to provide 'liquidity' to
> credit markets in the US and worldwide.  The situation is somewhat
> complex, but what I want to explain here is how it relates to things
> you may see every day as an Arizonan.  You have no doubt seen more
> than one totally ridiculous and imprudent mortgage loan dispensed in
> the area over the past few years.  You might have assumed that these
> risky loans would be the problem of either the bank or the borrower.
> The alarming aspect to these recent developments are that we as
> Americans have learned that it is in fact *all of us* that are going
> to pay for these bad loans.  Does that sound fair to you?  And it gets
> better: when we fork up the 700 billion, houses will not even become
> any more affordable.  If you are struggling you will continue to
> struggle despite this unprecedented transfer of wealth to the
> treasurer.  With 700 billion dollars we could build houses for the
> entire country.  This bill amounts to nothing less than robbery.

>    I truly hope that you consider calling your congressmen and
> congresswomen and voice your opinion to this bill.  Your real voice
> makes a difference.

>    thanks all, and I really hope you call your representatives.  We as
> a country have to stop complaining and get involved.  Im not really an
> 'activist', Im just a regular American who knows enough about this
> situation to know how much of a tragedy it is.