have got their comeupance at last, but the gits who doled out the dosh to get them there will still surely walk away with a great U.S. of A. pat on the back for a bad job extremely well done.

I'm getting tired of all this FUD.

Who's up for a sexy party?

The proposed plan permits the Fed to buy up any toxic paper (not even backed by any real asset) with no oversight.

This is pretty much was what Wall Street was doing to start with-- selling paper that was worthless to yokels worldwide (and note that other countries jumped right in and joined the party).

Really, only paper backed by real assets should be a candidate for purchase, but that is not what the proposed bill says, and that is a big reason why the common person is against the plan (besides trusting those in Congress just as much as the Brits trust their elected officials-- not to mention that political appointee Paulsen, Creature of Wall Street, will be pulling in a 7 or 8 figure salary next February regardless of what happens).

If those Reps don't think the vote tally for a criminal bailout that passes will get paraded out to the voters for this election, they're dreamin'. I predict though that they'll decide to do it via sealed vote in order to hide who did what from the voters. That may backfire though, as we do have the list of who voted the first time, and that may just have to do if they try to hide the nasty business. Their only hope is to find some way to stall their financial "crisis" until after the election, then pass it after it's too late to affect their reelections. They can bluster about people losing their jobs, but they'd better look out for their own job which is clearly on the line here. Both Republican and Democrat voters are pissed off about this, and frankly, have been waiting patiently for these particular chickens to come home to roost. If every Rep who votes for a bailout loses their job in November it'd be just desserts, though that's probably a little too much to hope for.

An article which mentions the glaring need for oversight. The US government has been dropping controls in many areas for years, probably due to the large donations to the campaigns of our elected representatives from the big business lobbyists. A bit of a pity that stock market participants abroad decided to invest in certain immoral US loan companies. I'm sure that more research will be done by those wanting to buy US stocks in the future though.

I thought that it was with the trust of the Chinese government these days, since they now finance America.

Also, the GDP for the Euro finally exceeded the Dollar last march according to Reuters, so the Euro seems now to be the worlds largest economy anyway - http://www.reuters.com/article/idUSL1491971920080314

It also has a lot less debt.

As to whether any of the posts on this board make anyone sound gay, I'm not sure it matters, however tho doth protest too much, methinks.

Mines the pink one with a pocket full of euros.