Bailout Questions

[jwirr]

How is this bailout/bank failure effecting Minnesota? I have a map that shows the foreclosures and we in Minnesota are not as severely effect as places like California and Florida. What is happening to the banks here and to agencies like Minnesota Housing Finance Agency? I know that Fannie Mae is involved in MHFA to some extent but I have not read any analysis of what this all means to our local branches. What is going on?

[question everything]

1. Not foreclosures as stand alone

though Obama and other Democrats want to include this.

But it will affect all of us in terms of more liquidity for banks to make loans - to business and individuals including mortgage.

It will affect all of us who are dependent on the health of the stock market: through our pensions, our retirement savings, the ability of insurance companies to pay for claims, tax revenue..

As much as many do not support this bailout as a "fascist tool" we are in this together.

What we do need to assure, besides cutting golden parachutes and bonuses, is to set tight regulations that will prevent this type of gambling in the future.

[jwirr]

2. Thank you that helps me in contacting our reps. I do not here much

about the local situation in the local papers. I used to do advocacy for housing but have been out for a while.