In a very historic vote today, Congress rejected the cobbled together $700B (or more) bail out of banks that are no longer loaning money in a free and unrestrained manner. Roughly 40% of the Democtrrats voted “No”, followed by roughly 60% of the Republicans. During the rush to cobble together a bill, all mannner of unrelated pork and party junk was thrown into the mix. Seemingly in hope on being passed during a “crisis” to further advance RNC and DNC poltical agendas, not to deal with the problem at hand.
Meanwhile, the controls and safe guards put into place by Congress following the Great Depression of 1929 had been removed over the years and to my knowledge, were not put back in place by the bill that was voted on today.
What are YOUR thoughts on this very important issue?