anyone know why usa is in this mess?

can we name names here? and say vote them out?

how will it effect you?im listening to Ralph Nader on radio the show will play all day maybe ill look for link
http://www.gcnlive.com/Programs/Alex...On_Demand.html

is the link but new show of today wont be there until maybe 3 to 5 hours

its 4 hour show so boring to hear all the other conspiracy crap jones talks about all the time-hes probaly nuts with all that stuff which is unproven

or just look at Ralph naders website

Greed. On the part of the lenders and to a lesser extent many of the borrowers.

I have my mortgage through Countrywide and heard all the mess they created. I've never had a problem with them and have stayed for four years. Bank Of America just bought them out and the merge will take place soon.

I can only speak to the AIG bailout. I have a vested interest in keeping them afloat 'cause my LTD is paid by them. Granted it's only about $500 per month but that payment coupled with my SSDI makes for a halfway decent income. And these days, it's really less than halfway decent.

I really started to panic when I heard that AIG might end up in bankruptcy. I was relieved to hear that the gov't stepped in. Yes, I know it sounds selfish, but I need to look out for myself.

Are you asking specifically about the company Countrywide? Or are you asking in general why banks are failing around the country.

I had not heard about the company failing. I have my mortgage through Countrywide, which is why I'm asking.


DAY

Bank of America has bought them out after they were in trouble here in Illinois for frauding buyers. I don't know if it happened in other areas. Apparently they offered up adjustable loans to those who could not afford the rising cost once the economy went down. I have also heard there was an identity issue in another area of their company.

If you go to their website countrywide.com you'll see where Bank of America has bought them out. The transition shouldn't affect any of us with current loans and should take place before the end of the year, I think.

Great!! NOT

lol I've only had my loan for 2 yrs, but we've already had 4 loan companies since the loan was made. This will make 5.
We were insistant on a 30yr fixed loan, so I think we are good.

Hope everything turns out well.

DAY

We took a 30yr fixed too. We can pay more if we can afford it and nothing more when we can't.

Two of my clients own banks. They are the sole owners and operators of those institutions. They have always provided me with sound advice and commentary when requested.

I asked them about the "bank bailout" legislation and they BOTH siad that this is not an act of "legislation" but rather one last great act of defiance against the taxpayers of the U.S. based on how the "plan" is written at this time.

In essence, we, the taxpayers of the United States are going to provide a massive slush-fund to purchase worthless assets from instituations that originally purchased them when their greed overran the common sense of due dilegence investigations prior to purchase.

One of the bank owners compared this "plan" to the purchase of a very old used car for $50,000. Who in there right mind would do such a thing? Well, it seems that both Republicans and Democrats alike on capitol hill are using your earnings to buy this very old used car for $50,000.

They have all just put our children and their children in a massive hole of debt, without regard to ethics or morality.

In a few decades we will ALL agree that former Supreme Court Justice Brandeis' hit the nail on the head when stating that "Sunshine is the best disinfectant."

Why would anyone belive what these politicians are telling us? Both sides of the isle lied to us about Iraq; agreed to put Afghanistan on the back burner, and; never, ever have to worry about paying medical bills/food bills/gas bills or balance a shrinking checkbook.

When was the last time that you purchased an item that turned out to be defective and yet went back to the seller to complain and go five times what you originally paid?

I, for one, will never vote for an incumbent.

-Vic

Victor, now, tell how you really feel.