I do not support the bail out of Fannie Mae or Freddie Mac. It looks like the bill will pass the Senate. The president who threaten to veto the bill will sign it into law.

Lets cut to chase the consumers were stupid enough to buy a home that they couldn’t afford thinking that the housing market would continue to apprciate in value and with all the cash that was floating around lenders naturally were going to take advantage. My take is if you can’t afford the house don’t buy it!

I’m so apathetic, I’m totally flaccid! Let’s see what’s really going on with the housing bill.

·         This is a band aid being put on a stab wound!

·         More money will be printed to cover peoples stupidity

·         The government is saying hey Fanny May & Freddy Mac go and take all the risk you want the tax payers will bail you out

·         300 billion dollars over the past year has been spent already bailing out the industry

·         Treasury bills are exchanged for Fannie Mae & Freddie Mac securities what a smart move, what’s backing our dollar now?

·         In the 600 page bill all credit transaction will be reported to the IRS

·         Anyone in the mortgage industry will get fingerprinted

So what do we have more government regulation, less privacy, and more debt? Did I miss anything?