Financial Bailout News

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The Democrats had the Majority and the votes to pass the bill without one Republican on board to share the blame.

9-26-08
President Bush and his Treasury Secretary (formerly of Goldman Sachs) failed in their scare tactics to push a bill through that would bail out Wall Street (including Goldman Sachs) without public scrutiny.

9-29-08
The Majority of Republicans Vote NO on Democrat Bailout Plan their Leader Barney Frank verbally bends Republicans over a barrel for a Tongue Lashing.

10-3-2008
Congress passes financial bailout with added pork of 180 Billion to switch previous NO votes.

Bill O'Reilly Blasts Barney Frank on Fannie Mae Video News Here
Many taxpayers wonder about the Facts Behind the Financial Turmoil?” Ask
Barney Frank


2004 News Archives - Hearing to investigate Illegal Book keeping at Fannie Mae and Freddie Mac. Democrats cover up and attack regulations to protect their lobby money Video News

The true source of the financial meltdown in the home mortgage industry that led to the collapse of Fannie Mae and Freddie Mac
Financial Crisis Bailout

Bush and Democrats promise Americans a never-ending nightmare of ever-greater debt liabilities. Republicans defy Bush. Financial Great Depression


Senate Majority Leader Harry Reid Takes Lobby Money to Deny Public Welfare Senator Harry Reid Up For Re-election

Financial Crisis Wall Street  9/24/08 -The House of Representatives approved a 25 Billion Dollar package of low cost loans to help carmakers and their suppliers. The loans are separate from the proposed 700 Billion Dollar bail out for the banking sector, which is being debated in Congress. General Motors, Ford and Chrysler lobbied hard for the loans.

Also, the Government may be on the hook for uninsured deposits of 2.6 Trillion Dollars 150 Billion Dollars Needed Now

The majority of Republicans view the bailout as unjustifiable government interference in the markets. McCain ready to tackle negotiations while Obama says he can juggle that and other issues all at once. Bush's speech on the bailout goes into the Wall Street trash can. Presidents have limited power. Time to focus on the real cancer - the Congress and Senate - they have the real power over the economy. They wrote and approved the bills to protect their lobby friends and caused the current debacle.

The legislative, executive and judicial branches of the U.S. government grabbed powers denied by the Constitution. News Source

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