So I just heard on BLoomberg that the bailout package also inclues bad car loans

[still_one]

credit card debt, and foreign banks

Are the Democrats signing on to this nonesense?

[glowing]

1. Most likely. Yet, I'm sure the c.c. companies will continue hounding me to death

for any money at all.. even though they are paid thru tax dollars. I say, take all debt, disappear it, create a treasury that is not backed my private banks, and be done with insanity...

[magellan]

2. What?

Bad car loans?? Credit card debt?? For who?

[still_one]

5. For the institutions that gave those loans. I heard it on Bloomberg /nt

[Mind_your_head]

3. No, the dems are NOT signing on to this (so far) . The PROPOSED bailout package DOES include

foreign banks.

Bad car loans and credit card debt .... they're just makin' that stuff up. To 'muddy' the water.

Just to be 'clear'.

(foreign banks? :wtf:)

[magellan]

4. Thank you for clarifying

As if it isn't bad enough!...

[dkf]

7. U.S. Treasury Widens Scope of Plan to Buy Bad Debt (Update2)

By Dawn Kopecki
Enlarge Image/Details

Sept. 21 (Bloomberg) -- The Bush administration widened the scope of its $700 billion plan to avert a financial meltdown by including assets other than mortgage-related securities.

The U.S. Treasury submitted revised guidance to Congress on its plan a day after first submitting it, as lawmakers and lobbyists push their own ideas. Officials now propose buying what they term troubled assets, without specifying the type, according to a document obtained by Bloomberg News and confirmed by a congressional aide.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYXtwpG9mw9g&refer=home

You used to be right, but they changed it from under ya.

[nadinbrzezinski]

8. Why do I foresee a college thesis as a letter to reps before this is over?

Wonky head--- err letter in the coming day...

[dkf]

9. Seriously...where to even begin.

[nadinbrzezinski]

10. Well, we can with some of the real basics,

and I know we are in uncharted territory...

I know WHY they are doing it... I actually get it... just the way they are going 'bout it that is giving me many a headache

[dkf]

11. I can't stand the attitude where they want everything for nothing.

The arrogance is breathtaking.

[MidwestTransplant]

6. It's probably true because all of that was packaged in CDOs with mortgages then sold all together.