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Asides
UPDATE: Congress Has “A Bailout Plan”
Congressional leaders have announced they have “a plan” for the bailout. They claim there is something in it to protect homeowners. Something’s better than nothing, right? I don’t know. But you can read more for yourself here at CNN. Details should be forthcoming later this afternoon.
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© 2008 SC Bankruptcy & Consumer Law Blog. 
Dear all House Members,
PLEASE HELP
Please don’t bailout these companies by any means!
Please don’t allow the Fed to further bailout others like they have been for the last few months.
Please don’t add other few hundred billion dollars (or even trillions dollars) to our national debt!
We will have to live with a few less companies, banks, etc., even though this will cost jobs and a deep recession. We’ll get through it… were Americans !
It’s very important that you don’t allow our Fed to continue bailing out these institutions, by whatever means or names we call it, including buying non-performing assets or useless notes.
Please don’t try to save us by passing any “bail-out” bills.
Please however increase the amount of FDIC insurance to over $100k and firm up the FDIC insurance system requirements so we can make it through a very serious recession (possibly depression).
I realize this week maybe the last chance WE have to really draw the line in the sand.
My last comment;
You do realize, this is way to little bail-out money and its NOW much to late to act. The bankers will not be convinced to loan to each other until enough of the failing companies have failed or been successfully consumed (by the federal supported institutions) and the dust has settled. Neither your plan nor Mr. Paulson’s actions can change this outcome.
Thank you,
US citizen