Pros And Cons: Bailout Plan Bill

So, the bailout was rejected, and the DOW tumbled 777 points.

Robert Shiller of the Case-Shiller Index and Yale University discusses what can be done to unstick the housing market, and mentions that the rejection of the bailout bill could drive house prices down even further, with CNBC’s Mark Haines & Erin Burnett.

My personal opinion: If you don’t have much money, you probably haven’t lost much.

FDIC chairman; Alan Blinder, Princeton University; Scott Sperling, THL Partners co-president; and CNBCs Erin Burnett.

There is a world wide depression on the horizon and it will be fanned by the inflationary aspects of the US economy that is a result of this governments actions.

The only thing that would change this government for the people would be a truly honest man elected to President who would consistently veto everything and espose the rest of the greedy trash for what they are……and that will never happen.

Reviewing President Bush’s address to the nation on the bailout plan, with Barney Frank, Rep. Barney Frank Massachusetts and CNBC’s Erin Burnett.

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Allen Sinai, Decision Ecnomics chief global economist; Robert McTeer, former Dallas Fed president; and CNBC’s Mark Haines, Dylan Ratigan & Erin Burnett.

Keep the flow of money paying the loans but at the original rate.

Sen. Richard Shelby, the ranking Republican on the Senate Banking Committee, discusses today’s financial bailout hearings with CNBC’s Erin Burnett.

The proposed legislation, which is scheduled for a vote today in the House, would authorize Treasury Secretary Henry M. Paulson Jr. to initiate what is likely to become the biggest government bailout in U.S. history, allowing him to spend up to $700 billion to relieve faltering banks and other firms of bad assets backed by home mortgages, which are falling into foreclosure at record rates.

There is a more plausible scenario that the bailout will give us a Great Depression.