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Bailout Busters and Trusters  Anti-Bailout Poster * Click Here Where's The Gain? *BAILOUT Now Law | On Fri. afternoon, Oct. 3, 2008, Pres. Bush signed the controversial bailout bill. Passed earlier in the day by the House 263-171, the financial services intervention plan was increased to approximately $800 billion with additional taxpayer and small business perks. In turn, Wall Street thanked the President and Congress for their trouble with a 157 drop in the Dow on heavy trading. | *For CNNMoney.com, Click Here> | *For MarketWatch.com, Click Here> MoneyMediaMania *SERIOUS FINANCIAL NEWS Worth Reading and Watching | CNN Money has the latest news about the financial meltdown and, hopefully, news about how the government and others are doing something about it. | For CNN Money, Click Here> | For more money news, visit C-SPAN.org, Economist.com, Fortune.com, FT.com, MSNBC.MSN.com, NYTimes.com, Time.com, USAtoday.com, WashingtonPost.com, and WSJ.com. BB&T CEO's Critique of Bailout *HERE'S Another Plan that might make sense and is certainly worth debating | Throughout the Southeast, BB&T's CEO John Allison is considered by many to be a brilliant banker with an acute sense of what's good for everyone. Prior to the initial bailout package, he published a finanical serivces plan that many admire. | Click Here> Mumpower: Bailout Passage Expected, Founded on 'False Premise' *CARL MUMPOWER SAYS THE HOUSE IS EXPECTED TO PASS REVISED BAILOUT BILL, But Says Its 'Treating the Wrong Patient' | City council member Carl Mumpower, who is running as the Republican candidate for the U.S. Congress, District 11, does not support the modified $700 billion bailout plan, calling it a "socialistic fairy tale." In his campaign's most recent Mission Statement, he added: "We are treating the wrong patient. This bailout is founded on a false premise that government has the ability to control current financial realities. Nothing could be further from the truth." | For complete article, Click Here> What's Coming No Matter What *WHY THE REVISED BAILOUT PLAN Remains a Bad Idea | Columnist Pat Richards writes: "Everyone keeps saying that the $700 billion 'rescue' plan will 'unfreeze' the international credit markets, and then the sun will rise again on Wall Street and light up a new day for our economy. That's a sweet dream, but it's only a dream. Here's why." | Click Here> Housing Experts Say Trouble Remains *CNN MONEY GIVES EXPERTS A CHANCE to Avoid Today's Politics and Tell What They Know and Believe | Perhaps U.S. Congressmen will heed what housing experts say and craft a better bailout bill for individual Americans because, say some experts, the reason for the financial crisis remains mortgages and housing. | For CNN's "It's the Housing, Stupid," Click Here> Bailout Should Help 'Main Street' First *CONGRESS SHOULD CONSIDER Economic Rescue for All Americans | Ben Foster of Benz Signs in South Buncombe forwards this thoughtful blog about alternatives to the modified Paulson plan | Click Here> Stop the Foreclosures *BANK BAILOUT Versus Homeowner Security | Asheville consulting engineer Phil Bisesi wants Congress to "vote for the citizens and small investors, rather than the big investors, banks and brokers." Here's Bisesi's strategy to reduce the risk and the price tag of the bailout for taxpayers. | Click Here> The Era of Angry Populism *ROBERT REICH EXAMINES WHAT CONGRESS Is About to Do | And why American taxpayers are going to be angry. | For the TMPCafe.com published "almost-done-deal" article by former Sec. of Labor, now Berkeley prof. Reich, Click Here> | For Reich's blog, Click Here> FOR MORE BAILOUT NEWS AND VIEWS: Click Here> |
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