Mortgage Crisis
The Common Sense Fix
The Common Sense Fix
by Dave Ramsey
http://www.daveramsey.com/etc/fed_bailout/3_steps_to_change_the_nations_future_10928.htmlc?ictid=sml
Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy. Instead, I submit the following three step Common Sense Plan.
An Alternative, Private Sector Solution to the Mortgage Crisis
Congressman McCaul Votes to Protect Taxpayers from Largest Bailout in U.S. History
Co-sponsors plan to use private capital instead of taxpayer dollars
AUSTIN - Standing up for responsible businesses and homeowners, Congressman Michael McCaul (R-TX 10) voted against the largest bailout in U.S. history that puts $700 billion of taxpayer money in the hands of the Treasury Secretary to bail out irresponsible lenders on Wall Street. The efforts of Rep. McCaul and a bipartisan front prevented the passage of a flawed plan that would have increased the national debt by $1 trillion, and it produces an opportunity for debate on an economic rescue package that is fair to taxpayers.
Fannie Mae Freddie Mac Barack Obama & John McCain
More information on the housing meltdown:
This video helps reveal who's really to blame...
Burning Down The House: What Caused Our Economic Crisis?
This video is an excellent reference and explanation of how we got to where we are on this banking mess. I would love to see someone independently verify all of this information.
The music on this can be distracting. Be sure to turn the volume down if it bothers you. It also moves fast, so feel free to pause and back up if you missed something.
