Dr. Housing Bubble 09/30/08

[Crewleader]

Housing Bailout Bill Failure: Examining the Boondoggle Legislation and Populist Uprising against Wall Street. 5 Reason the Bill failed and 5 Easy to Implement Solutions that can be Used Today.

Instead of the House of Representatives sending in a nice sealed envelope a candy gram to Hank Paulson of $700 billion, they instead decided to listen to the people and did a reverse bailout wiping out $1.2 trillion in stock market wealth. Go figure. The House of Representatives actually listened to the massive uprising against this poorly devised bill. You wouldn’t know this from the mainstream media since they of course know much more about the markets than us regular citizens and had already started creating Photoshop templates of “bailout success!” to run for the entire day next to their tickers. In addition, we have a large group of politicians (not economist or those with understanding of the markets) telling us that if we don’t sign off, there would be hell to pay. Guess what? That price tag was $1.2 trillion today.

http://www.doctorhousingbubble.com/housing-bailout-bill-failure-examining-the-boondoggle-legislation-and-populist-uprising-against-wall-street-5-reason-the-bill-failed-and-5-easy-to-implement-solutions-that-can-be-used-today/