Here it is, the complete PDF for the financial bailout. Click full screen on the below embed for a closer look or click here to download.
“Democratic congressional leaders announced their agreement on the details of a massive financial rescue plan Sunday, releasing a draft text trumpeting taxpayer guarantees and caps on executive compensation.”
via Marketwatch
Bailout Plan – Get more Legal Forms
September 29th, 2008 at 3:34 am
[...] Congress has released a draft of the proposed bail-out proposal, the full text of which is embedded below (information on download is here: Bailout Bill) [...]
October 1st, 2008 at 10:52 pm
Anyway, here’s a big stinker for you; and I need some quick investigative help and loud questions to be asked. This should be a factor in our Senator’s decisions today regarding the bail out deal. Here’s what I just e-mailed and faxed to Senators; including John Ensign, as seperate e-mails (This is Ensign’s copy) : URGENT**** Per your Vegas office, I am sending you the web address to the website for the Las Vegas Real Estate Brokerage tied to Frank Raines: http://prosofrealty.com/ Also, Google Farrah Gray and Frank Raines, and Ronald Branch and Frank Raines for more links between them. I believe the evidence I am collecting shows that Frank Raines was funneling the Fannie and Freddie foreclosures to this group to list for resale. I talked to a broker who worked there briefly. He heard their names mentioned, but more importantly; the commissions paid to the ‘brokerage’ were maybe 3% of the sales price, but the sales person or selling broker only got maybe $1,500 or less. The brokerage was then funneling the money back to the owner/investors. There is a shell company in the middle, but I am picking up ties to Raines all along the path. One thing I am, is persistent. Don’t vote yes on this bill today, Senator Ensign. There is a tie between Frank Raines and this company, and it will blow up this topic shortly. Any one of our politicians who votes yes to this rescue bill today is going to look as though they didn’t look hard enough at the details before they voted. You can’t vote on this without knowing the facts. You need to say that you are not voting for a 700 Billion dollar or more bill to taxpayers without all the information. Also, I talked to a broker who was working there. He said that basically, this gave Freddie and Fannie execs a reason to foreclose, secretly. They made more money this way, taking these houses back and selling them via these shell brokerage groups; rather than working with any borrowers. This bail out bill profits these lenders even more. Many were complicit. I’ve had the misfortune of looking some of these people in the eye across the negotiating table in the last few years. They did this on purpose. I can promise you, my tax dollars won’t pay for this. I don’t care if I have to cut my income by 50%, because it’ll only mean a reduced net of 10%, I pay so much in taxes. But, at least I know I’m not working to pay off their FRAUD. I can get a home loan today, my kid just got student loans 30 days ago, and this is a lie about the credit crisis. If someone is creditworthy, can show the ability to financially handle the repayment, and has a downpayment, they can borrow. I’m not handing anyone a fresh shovel; least of all the people who got us into this in the first place. And, Main Street has been paying for this for two years. We’ve already figured out how to live beneath our means, save, not use credit, and survive. I’m not buying that these poor, poor fraudsters need me to give them $700 billion.