Time Out

The link below contains a purported list of the top 25 in Congress who got contributions from the folks at Fannie and Freddie. Obama is listed third, after Dodd and Kerry, even though Obama is just a junior Senator. Obama is followed next by Clinton. Barney Frank and Nancy Pelosi are on the list as well.

http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080918

Then there is the Senate Banking Committee Chairman Christopher J. Dodd who allegedly got special mortgage deals from Countrywide, who gave preferential rates to 'friends' of company's chairman.

http://www.msnbc.msn.com/id/25140560/

For an interesting article purporting to detail the House Financial Services Committee Chairs long history with Fannie Mae, See http://www.businessandmedia.org/printer/2008/20080924145932.aspx

"House Financial Services Committee Chair promoted GSEs while former 'spouse' was Fannie Mae executive."

The link below describes how some in Congress tried to use the original version of the bailout bill to divert money eventually recovered to groups like ACORN, a group Obama has a long association with. See:

http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj

And then there is House Speaker Nancy Pelosi, who allegedly has directed nearly $100,000 from her political action committee to her husband's real estate and investment firm.

http://www.washtimes.com/news/2008/oct/01/pelosis-pac-pays-bills-for-spouses-firm.

Please do not bailout these crooks without accountability! The officers of these failed institutions are guilty of fraud and should have to plead guilty to a felony in court and have all their assets seized and give up their pensions and golden parachutes and serve 5 years of (probation paid for by the crook) probation.

These crooks filed false documents with the SEC and investors and the state of Indiana. Their annual reports were all lies and they betrayed America. They are evil the same as Osamma Bin Ladin and should be treated like traitors and enemy combatants. These crooks at Fannie Mae and Freddie Mac left us taxpayers with a $5 TRILLION liability and Bush just added a $14 TRILLION liability with the bailout of Lehman and AIG. Now Bush wants to add a $62 TRILLION liability with this new bailout plan.

Reference www.digitaljournal.com/article/260144 titled $62 TRILLION in securities market looks nervous.

The whole global economy is failing because President Bush and Speaker of the House Nancy Pelosi and majority leader senator Harry Reed failed to do their jobs of oversight. This can be corrected if accountability is forced on these crooks. They better pray I never have the authority to go after these crooks because I would send them to Guantanamo for aggressive interrogation and daily waterboarding.

As a public high school teacher, the current state of our public institutions reflect our values as a society, from my point of view. We are bailing out these failing institutions with taxpayer dollars while the state of our public school system continues to decline.

I invite readers to compare the federal funding and bailouts for failing economic powerhouses verses the declining support and funding of our public schools: Strong schools and education that ALL of our children and citizens benefit from.

Good teachers are being laid off and class sizes are growing. No child left behind is a law that requires improvements without the promised funding to implement these improvements. And our schools are listed as "failing schools" because of unrealistic goals that are never supported or funded by the federal government in the first place. What is left in our public schools is often a stressed out skeleton staff that does not have the ability to properly educate our students, which we would hope will lead us someday to more effective ways of running this country.

Meanwhile, these corporate lobbyists have effectively secured deregulation and what they consider "optimal" conditions for their financial success (deregulation). And a few well-connected people have lined their pockets with enormous amounts of other peoples' money.

This sort of short-term gain at the expense of long-term growth way of thinking has infected our entire way of running our society. This is NOT A REPUBLICAN VS DEMOCRATIC "WEDGE" issue. Enough is enough!

Unfortunately middle and lower class young people (the MAJORITY) of our future do not have the money or the resources to hire corporate lobbyists. Their teachers and their schools have limited resources. And there is little to NO organized efforts to effectively support the reform and progress to lead our public schools to educate and prepare our future. In every other developed and developing country we compare our students' progress with, there is a clear and dedicated effort to improve, fund, and prioritize education. In America, we are starving our schools while bailing out reckless fat cats who've thrived on greed. Is this the American Way? Or have we lost our way?

Let this be a lesson to us!!! Hopefully (as we say in class) we will learn from these mistakes and become better - isn't this the American Way?

melbee71@yahoo.com

OMINOUS SIGN BEHIND PAULSON???S ACTIONS HAVE ESTABLISHED A TREND

http://pacificgatepost.blogspot.com/2008/09/secretary-paulson-reasures-foreign.html

And as usual the taxpayer is on the hook in the biggest bailout ever, and forever after that as more bailing is required.

WHERE IS CONGRESS ON THIS?

The best we hear from it is related to suggesting reduced severance packages for outgoing executives? How limp.

How about a thorough analysis into the self serving actions of these institutions? Taxpayers deserve no less.

How ironic that the biggest Government INTERVENTION in history is being implemented under Bush???s watch, after his policies stimulated and allowed the abuse.