Saturday, October 2, 2010

Congress debates $ 700,000,000,000 rescue bill

It's close, but no cigar. Now, back to the drawing board to see if a little pork here, a little pork counsel, this is our Congress at work, can not be proud of them. I'm one who believes that the intervention of Congress in the free market to encourage lending, there is no qualified person. Some greedy people are aware of the benefits of such a situation, banks lend money to people they may be, because they know that government-backed loans to entities, such as the purchaseFannie Mae and Freddie Mac. You can not get rid of the free market drive us out of this mess because of government intervention has been distorted. Therefore, government intervention to the point where we feel the crisis, they are the only ones that can get it for us. If the free market can work, then this will not be in this mess. I hope the government will only make our way, let us be free, which means that it is. U.S. Congress debatesA large number of rescue Wall Street WASHINGTON (AFP) - Monday U.S. lawmakers debate troubled banks on Wall Street as U.S. President George W. Bush urged Congress to ratify the agreement, the release of frozen credit markets 700 billion rescue plan. "We fully understand that this will be a difficult vote," Bush said at the White House before the House of Representatives, started strong opposition from some members of the Republican Party to debate the proposal. But he added that rescue...

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