So Paulson is calling to freeze adjustable rates, and market screaming for a cut

[still_one]

Interesting, how the market wants government involvement when they are getting hit from their reckless activities, but they didn't want government involvement to stop them from getting into those reckless activities in the first place

Its nice to have your cake and eat it to, isn't it?

[CountAllVotes]

1. this action leaves conscientious investors out in the cold

What you say? If you don't play with the faux stock market and you happen to actually have your money in the bank and you don't have an ARM you will be penalized.

:wtf: kind of country are we living in anyway? :grr:

:dem: :kick:

[The_Casual_Observer]

2. What's the pass book rate these days? Something like .1%?

The system is out to penalize your ass if you try & save your money rationally & responsibly.

[CountAllVotes]

5. at some banks it is .6% or less

I bank at a credit union and have a online money market savings acct. which is now paying 4.75%. The credit union is paying a little more than abt. 3%.

I absolutely HATE the stock market and I will not invest in it anytime soon.

I guess this is what I get for being "responsible" - lower savings acct. rates (as if they aren't low enough already!). :grr:

:dem:

[still_one]

6. It always leaves the small honest person out in the cold

The message is loud and clear

[fascisthunter]

3. Regulation is the Most Efficient Means

of running "anything". In the end, de-regulation is extremely costly to the tax payer and dangerous to a country's infrastructure, society as whole and the economy itself. Those who say otherwise are liars and con-artist opportunists. Once again, we see what happens when folks de-regulate our economy; we get massive corruption and destabilization. Remember the "Great Depression" Republicans? Yeah, looks like you intended the same thing to happen this time as well. If you hated what FDR did the last time, just wait for this all to come full-circle, because it will.

If I had my way, I'd confiscate the wealth from those instrumental in bringing this about, and it would be JUSTIFIED. I'd feel no pity as they sob, realizing they will live their lives scraping by. But that's just me.

[still_one]

7. It was the deregulation started by reagan that created most of our financial

problems we have been experiencing. I was just pointing out the hypocricy of it all

[fascisthunter]

9. And I Agree with You

however, Carter did start deregulating just before Reagan, although I will not blame him for Reagan's obvious intent to screw the middle class to enrich the upperclass.

[still_one]

10. Agreed. both sides have contributed. Look at Clinton

However, in general the Democrats have been less active in deregulation than the republicans

Environmental policy is the best example to contrast the Democrats from the republicans

[fascisthunter]

11. It's Why I'm Registered as a Democrat

I feel this party has a chance to do a lot of good. We just need to keep our eyes out for those who are corrupt and do not care about this country.

[still_one]

13. we are on the same page, but we still need to elect more progressive Dems /nt

[fascisthunter]

15. We are Definitely on the same Page (nt)

[SoCalDem]

4. and it's all to help the very ones who DID the scamming.. not the "little people"

just like the BCCI and the Savings & Loan & the dot.com bust and Enron..

Every 10-15 years, there's sufficient "wealth" built up in the "system" that you just KNOW the big shots are gonna steal it.. It;s WHAT THEY DO..

they get rich by using and taking OTHER PEOPLE's MONEY...and when they are exposed, they cry & whine and get bailed out..and WE all pay for it..

Fannny Mae & Freddie Mac are involved in the real estate scams too...

[still_one]

8. That is the most outrageous aspect of all. No mercy for the small guy with the

bankrupcy bill

[donkeyotay]

18. Yep, we've seen this movie before. nt

[RB TexLa]

12. Todays LIBOR one year index is 4.44%

If your reset is LIBOR plus 2.25% I don't see how it's bad enough to warrant government action. But if you have paid extra toward the principal, at the end of the 5 or 7 year period there should be no problem refinancing in the low to mid five percent range.

[Cassandra]

14. And the wastrels will turn around after being bailed out...

and call the rest of us losers.

[Ganja Ninja]

16. It's amazing how quickly the come to the rescue of Banks ...

after their irresponsible lending practices lead to disaster but they feel the best medicine for the irresponsible debtors is tougher bankruptcy laws.

[donkeyotay]

17. Bet that deal they're cutting involves taxes to cover the "losses"

the banksters would take on cutting interest rates on those mortgages. Then they'll use taxes to bail out some people on their mortgages, but like Katrina 99% will wind up going to some GOP speculator fat cat. In the end, the only thing the little people will get is trickled on.

I beleeves in the market. I do, I do. Unless it means a chance to socialize the losses while privatizing the profits.