This is the day to get involved!!!

[rainonlevs]

Call your representatives! Or to make it easy, go to Vote No Bailout and write your letter there. This financial crisis strikes to the heart of this country and decisions taken today and in the next week will affect us for a generation or more. Whatever your convictions on this, please tell Congress to slow down, to make sure that there is a

Comments

[rainonlevs]

An excellent question, and a complex one, to be fair to Paulson and the rest. This is talked about in the stories above, like the Democracy Now! one (there is another good story in the Moyer show as well on this).

The big danger is that payments freeze again as they did last week. Money has no value, anarchy in the USA. The Federal Reserve and Treasury moved to deal with this last week, but it could happen again in the next few weeks if nothing is done. As usual, the Bush administration is running around screaming that something has to be done today, and that what has to be done is to give them hundreds of billions of dollars and to remove Congress and the Judicial branch's ability to track, control or oversee what they do with it.

What I am asking my reps to do is to proceed in a reasonable manner and make sure that there is a transparent and robust plan in place this time before we commit another trillion dollars to the latest Bush administration proposal. What Mr. Baker's 'Principals' above represent to me is the outline of a plan that will not only stabilize the situation but work to protect the economy and root out the issues that caused this catastrophe in the first place.

Again, the articles above are well done and have the intellect and wisdom of those far more acute in accounting than myself.