Seattle Bubble Forum Archive

This bill will do little if anyhing to "save" people who cannot afford the property/loan they are in. Since lenders are being forced to once again use income as the yardstick in determining how much house one can buy, prices will continue to fall until affordability equilibrium is achieved.

So what is the purpose of the bailout?

1) Make it look like something is happening and that "we feel your pain"
2) Tighten the noose of government control of our lives with "patriot act" add-ons to the bailout:
a) Everyone involved with RE transactions will be "fingerprinted"
b) All credit card transactions will be reported to the IRS
3) And most importantly, empower the "FED", an unelected, unaccountable, and parasitical entity who takes its orders from international bankers, with an open ended line of credit funded by U.S. taxpayers. In short, foreign powers now have even more say over where and how our tax dollars get used for "bailouts".

Create crisis, offer solution, advance agenda.

If one aspect of the agenda is to destroy the dollar.....it is right on track.