Sunday, October 5, 2008

Who got rich and elected in this Bail Out and Crises

OK. So the President signed the bill, the Senate and House passed Wall Street Bail out to rescue Fannie Mae and Fredie Mac?
Apparently, "they know better than we do." But it is our money and yet we get no help. I am still seeing people on daily basis losing their jobs, credit card letters cancelling credit cards and equity lines gone: even from people who have not been late or in default.

This really shows that there is difference between the Democrates and Republicans. They along with the Banks don't care.
See Foxnews program which politican benefited from the support Fannie Mae and Freddie Mac?
http://www.foxnews.com/story/0,2933,432522,00.html
This is an excellent overview by reporter David Asman and politics and way Nancy Pelosi, Barney Frank, and Schumer wanted this passed.

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