Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror
The Almighty Buck

Journal Journal: The wall street bailout

I've been looking at all the wall street bailouts happening with a sense of profound disgust. I've read that we've already guaranteed upwards of a trillion dollars, and it looks like we're about take some more. http://biz.yahoo.com/ap/080918/wall_street.html?.v=44
When this mess started blowing up last year, if the government nationalized fannie and freddie, bought all the housing loans under 500k made since 2004, chopped 25% off the amount owed, then made the people pay back the rest at say 4% interest would we be in better or worse shape? I don't think it would have cost anymore, but can't find the numbers (Google doesn't always work). If I am going to be forced to bail out wall street money mavens, i'd rather see some actual normal people get some good. This plan would make it so wall street gets bailed out and people get helped. We still could put unscrupulous lenders in Jail, make the SEC regulate wall street again, etc.., but can someone tell me if this would work (even now) instead of just giving money to rich corporations?

Government

Journal Journal: Email to My US congressman

Rep Langevin,

I think your vote of Yea on FISA Amendments Act of 2008 was unconscionable. It guts the 4th amendment of the Constitution. The 4th amendment was in direct response to British Writs of Assistence:
  A Writ of Assistance is a legal document that serves as a general search warrant.
Unlike the warrant, it is generally open-ended, and requires all parties to support the officer to whom it was issued.
So, if this passes, the senate, I can be spied on for no good reason for up to 7 days. The 4th amendment was created specifically so the government couldn't spy on people without cause here is the text
"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized."

On top of that constitutional nightmare, you have agreed to pass a law giving immunity to telecom companies for spying on Americans (again that whole 4th amendment thing). To be crude, how much were you paid for that?

I voted democratic in the last election cycle to stop no less than the destruction of MY republic, and you not only don't try to stop it, you help it along. I am outraged beyond words. Remember, when history is written and people write about how America became a facist nation (facism - the marriage of government and corporations) you will be one of the people to blame.

Your Oath of Office says you will support and defend the constitution, yet you not only don't support or defend it, you are actually trying to destroy it.

I am ashamed of the president for all he has done to this country, but am more ashamed of congress for being to cowardly to stop him.

Slashdot Top Deals

Testing can show the presense of bugs, but not their absence. -- Dijkstra

Working...