“Firms that are too big to fail will be allowed to fail.”

We will see. I dont’ believe him. Oh Joe Blow can fail many times without any problems. If let’s say Goldman Sachs failed, would Paulson let them fail ?

This is not capitalism it’s communism for the very rich. Ah yes. In the name of saving the system. What system ? Their system, not mine, not yours. The US was the credit nation of the world, now it will be known as the banking communistic bailout nation of the universe.

Will Paulson let GM, Ford, Chrysler, Citigroup go bankrupt ?

The list of “too big to fail” in 2008 goes on and on and on and on. I can’t keep track.

Now the Fed is another story all together, but the saving grace there is that they are out of nearly all of their bullets. Due to the fact that they can’t shoot straight to save their lives (obviously) this is a good thing!!

Things IF allowed to just work themselves out as you bare witness too… WILL!!! LET the markets correct WITHOUT Goverment interference and perhaps address the idea of abolishing the Fed at some point down the line and were onto something.

DO NOT allow the blatant attempt at taking over the banking system or we are ALL DOOMED. Talk about the fox guarding the hen house… WOW!!!

Also, 7% for agency jumbs are from when they first came out when the pricing hit was over 1.50. Now the hit on a purchase is only .25% (AmTrust and 5th/3rd bank) when LTV is at 75%, to .50% for everyone else. This means with a 729k loan, 30 yr fixed, 720 plus fico, purchase, to 80%, i can give a borrowre 6.50% and still make .75% YSP as of today with most lenders. I don’t know about you, but 6.50% for a jumbo 30 yr fixed is a great deal for the borrower and makign .75% YSP on the deal in today’s business i wil take all day, every day, and not complain one bit.

Now, if it is a rate and term refi, rates wil be .125% higher and if fico lower, than normal fico adjustments come in too, but that is the same with normal agency loans. In fact, same scenario as above but loan to 417k to 80%, rate is 6.25% to 6.375% making same .75% YSP (or more if using provident savings).

I won’t bother to ask you why the MSM is not DEMANDING an investigation into this CW issue surrounding several political people of which some such as Dodd is the damn Chairman of the very Committee pushing through this bill!!!

I won’t ask you to comment on the guise of this bill that contains measures to help lenders far more than homeowners and BofA (akaCW) in particular will benifit greatly!!!

I won’t even ask you why the MSM actually protects these people by not calling them on the carpet each and every day until an investigation is launcged. This SHOULD BE FRONT PAGE NEWS everyday until it is resolved to the satisfication of the masses IMO!!!

Do me a favor though and when you stop your ONLY GOAL of setting the MSM STRAIGHT or in your own words “mainstream press straight” then take up some real issues and follow it ALL THE WAY THROUGH!!!

This issue isn’t selective record straightening 101, but REAL ISSUES DAILY and they need to be addressed with not ONLY words but action as well… What is YOUR solution, and what is YOUR end game here? We need a GOAL!!!