Do you trust the government?

I find it totally incredible that the government will be proposing a $700 Billion dollar bailout of banks, mortgage providers and investment companies that participated in bad business practices!

My wife and I have a technique that we use when evaluating statementsmade by government officials in the news.

US Treasury Secretary Paulson - we must purchase this bad debt from these companies because its detrimental to our economic stability.

Moderator - should the government be in the business of bailing outbad decision by lenders and investors?

Secretary Paulson - No. But this house of cards has been lining upfor some time and we must act and act fast to save our economy orthings will get really bad.

Moderator - why can't we just let the market play out.

Secretary Paulson - because these companies are too interconnected and if we don't act fast it will be detrimental to our economy.

Ok!!!!!!!!!!!!!! Let me dry my eye's.

My questions to Secretary Paulson...

Steven - Mr Paulson if you wish to bailout these very smart lenders and investors with our tax payer money. Will you please forward ourstock certificates ASAP.

Mr. Paulson - but they're my friends

Steven - Mr Paulson why would you use our hard earned tax payer money to bailout what you call a house of cards waiting to collapse? Should you be asking for court actions?

Mr. Paulson - but they're my friends
Steven - Mr Paulson seriously if us tax payers buy the bad debt shouldn't we own the realestate that are attached to those debts?

Mr. Paulson - ??????????????????

Steven - Mr. Paulson how about this can we give those Americans there homes back free and clear? Intead of paying off the bad debtand giving the banks the homes also?

Mr Paulson - they're in the business of making loans and sellinghomes.

Steven - Mr. Paulson they haven't been doing a good job haven't they.

Alright enough of that....Seriously Secretary Paulson is proposingthat us tax payers buy the bad debt and let the banks / investors keep the properties or place them in the position to buy it backat a discount.

Also another non reported issue I have is 99% of these mortgages had mortgage insurance on them. That means if the homeowner walked alway or stopped making payments the banks got their money from the insurer, guess who the insurer is????? AIG!!!!!
The problem isn't that the banks didn't get their money, the problemis AIG is running out of money to pay the insurance that was paidby these homeowners.

Another big problem...if the bank takes the house back and makes a claim to their insurer AIG and gets their moneyback. Why do theyget to keep and resell the house again?

THIS IS A SCAM ON THE US TAX PAYERS!!!!!!!!!!!
You need to fight back by getting out of debt and saving your ownmoney for you and your families needs.
Pay off all of your bills in 1 year or less!
http://www.therealdebtsolution.com