Letter to United States Legislators

text -
Dear _ _ _ _ _ _ _ _ _ ,
I recently paid my real estate tax bill. My tax bill told me the market value of my home and the assessed value on which my tax is based. What I would like to ask you, is, why don’t banks use the county real estate market value as the basis for a refinanced or modified mortgage?

It seems to me you legislators are allowing the banks to steal the property of hardworking, tax paying Americans because you don’t tell the bankers they must use the county real estate market value for their appraisal when a home loan is being modified or refinanced due to foreclosure.

In the last ten years banks have been loaning mortgage money on inflated appraisals. Now the bankers want to deflate the value to serve their own selfish purpose. Regular folks can’t win. First we were overcharged and next we will be undervalued.

It won’t be just those folks whose homes are in foreclosure who lose money, we all lose because at some point our homes will be devalued just because the home down the street sold for a low price.

I think United States Legislators should offer all homeowners protection by passing legislation that will stop the decline. You can do it by simply telling bankers new appraisals will start with the county market value.

Just say no to these bankers and don’t let them steal the prosperity homeowners have earned.

Thank you for your attention to my letter.

The Answer Is - 2285.7142857142857

Two thousand two hundred eighty five... and change
That is the answer to the question,
What is 8 hundred billion divided by 3hundred fifty million?

The bailout rescue starts out in deficit 8 hundred billion.

There are 3hundred fifty million people in America.

Each one of us would owe our government
$2285.75 to pay for the bailout rescue.

Make your check payable to the Bureau of the Public Debt, and in the memo section, notate that it is a Gift to reduce the Debt Held by the Public. ;)

Remember, ones, tens, hundreds, thousands,
ten thousands (4 zeroes),
hundred thousands (5 zeroes)
and millions (6 zeroes)?

one billion has 9 zeroes
10 billion has 10 zeroes
100 billion has 11 zeroes
1 trillion has 12 zeroes
10 trillion has 13 zeroes
1 hundred trillion has 14 zeroes
1 quadtrillion has 15 zeroes

8 hundred billion dollars equals 8 trillion pennies
8 hundred billion dollars equals 8 hundred billion dollar bills
8 hundred billion dollars equals 80 billion 10 dollar bills
8 hundred billion dollars equals 8 billion hundred dollar bills
8 hundred billion dollars equals 8 hundred million thousand dollar bills

When Joe Biden said that paying more in taxes is the patriotic thing to do for wealthier Americans the NO-TAX conservatives reacted as if they do not believe taxpayers are patriots.

Economy and horse manure

Regarding the bailout rescue efforts.

I’m a simple minded gal who knows the difference between a crisis and horse dung. And right now my government is wheeling a load of horse dung around Capitol Hill trying to sell it as a crisis intervention.

I am not buying the bailout rescue. National emergency my eye.

If the national emergency was real Congress would not be playing political games with the problem.
They would not be adding earmarks. The Senate would not have to go first.

The Congress voted and has properly reflected the will of the people.
The will of the people gives Congress all the cover it needs.

The Congress should just go home.

The bailout should NOT be rescued.

Senate to the Rescue of the Bailout

Measure Number: H.R. 1424 (Paul Wellstone Mental Health and Addiction Equity Act of 2007 )
Measure Title: A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

NAYs ---25
Allard (R-CO)
Barrasso (R-WY)
Brownback (R-KS)
Bunning (R-KY)
Cochran (R-MS)
Crapo (R-ID)
DeMint (R-SC)
Dole (R-NC)
Enzi (R-WY)
Inhofe (R-OK)
Roberts (R-KS)
Sessions (R-AL)
Shelby (R-AL)
Vitter (R-LA)
Wicker (R-MS)

Sanders (I-VT)

Cantwell (D-WA)
Dorgan (D-ND)
Feingold (D-WI)
Johnson (D-SD)
Landrieu (D-LA)
Nelson (D-FL)
Stabenow (D-MI)
Tester (D-MT)
Wyden (D-OR)

Emergency Economic Stabilization Act of 2008

Note: On 9/29/2008, H.R.3997 failed passage as the House vehicle for the Emergency Economic Stabilization Act of 2008.

133 House Republicans who voted NO on the ‘‘Emergency Economic Stabilization Act of 2008’’
Aderholt
Akin
Alexander
Bachmann
Barrett (SC)
Bartlett (MD)
Barton (TX)
Biggert
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Boustany
Broun (GA)
Brown-Waite, Ginny
Buchanan
Burgess
Burton (IN)
Buyer
Capito
Carter
Chabot
Coble
Conaway
Culberson
Davis (KY)
Davis, David
Deal (GA)
Dent
Diaz-Balart, L.
Diaz-Balart, M.
Doolittle
Drake
Duncan
English (PA)
Fallin
Feeney
Flake
Forbes
Fortenberry
Foxx
Franks (AZ)
Frelinghuysen
Gallegly
Garrett (NJ)
Gerlach
Gingrey
Gohmert
Goode
Goodlatte
Graves
Hall (TX)
Hastings (WA)
Hayes
Heller
Hensarling
Hoekstra
Hulshof
Hunter
Issa
Johnson (IL)
Johnson, Sam
Jones (NC)
Jordan
Keller
King (IA)
Kingston
Knollenberg
Kuhl (NY)
Lamborn
Latham
LaTourette
Latta
Linder
LoBiondo
Lucas
Mack
Manzullo
Marchant
McCarthy (CA)
McCaul (TX)
McCotter
McHenry
McMorris Rodgers
Mica
Miller (FL)
Miller (MI)
Moran (KS)
Murphy, Tim
Musgrave
Myrick
Neugebauer
Nunes
Paul
Pearce
Pence
Petri
Pitts
Platts
Poe
Price (GA)
Ramstad
Rehberg
Reichert
Renzi
Rogers (MI)
Rohrabacher
Ros-Lehtinen
Roskam
Royce
Sali
Scalise
Schmidt
Sensenbrenner
Shadegg
Shimkus
Shuster
Smith (NE)
Smith (NJ)
Stearns
Sullivan
Terry
Thornberry
Tiahrt
Tiberi
Turner
Walberg
Wamp
Westmoreland
Whitfield (KY)
Wittman (VA)
Young (AK)
Young (FL)

Emergency Economic Stabilization Act of 2008

95 Democrats who voted NO on the Emergency Economic Stabilization Act of 2008

Abercrombie
Altmire
Baca
Barrow
Becerra
Berkley
Blumenauer
Boyda (KS)
Braley (IA)
Butterfield
Carney
Carson
Castor
Cazayoux
Chandler
Childers
Clay
Cleaver
Conyers
Costello
Courtney
Cuellar
Cummings
Davis, Lincoln
DeFazio
Delahunt
Doggett
Edwards (MD)
Filner
Giffords
Gillibrand
Green, Al
Green, Gene
Grijalva
Herseth Sandlin
Hill
Hinchey
Hirono
Hodes
Holden
Inslee
Jackson (IL)
Jackson-Lee (TX)
Jefferson
Johnson (GA)
Kagen
Kaptur
Kilpatrick
Kucinich
Lampson
Lee
Lewis (GA)
Lipinski
Lynch
Matheson
McIntyre
Michaud
Mitchell
Napolitano
Ortiz
Pascrell
Pastor
Payne
Peterson (MN)
Rodriguez
Rothman
Roybal-Allard
Rush
Salazar
Sánchez, Linda T.
Sanchez, Loretta
Schiff
Scott (GA)
Scott (VA)
Serrano
Shea-Porter
Sherman
Shuler
Solis
Stark
Stupak
Sutton
Taylor
Thompson (CA)
Thompson (MS)
Tierney
Udall (CO)
Udall (NM)
Visclosky
Walz (MN)
Watson
Welch (VT)
Woolsey
Wu
Yarmuth

ABA - Financial Crisis 2008

Consumer Q&A: How Do Recent Failures, Mergers and Takeovers Affect Me?
ABA letter to Congress on Bailout Legislation – 9/22/08
American Bankers Association

Mortgage collapse inquiry widened Financial Times
By Joanna Chung in New York Published: September 25 2008 03:00


Congress nearing bailout deal
By Mike Soraghan | Posted: 09/24/08 09:56 PM [ET] The Hill

WHOA, WAIT JUST A DOGGONE MINUTE!!!

I'm sorry, but I don't feel any better about the Wall Street bailout today, Sept. 22nd, then I felt when I first heard the news last week. As far as I'm concerned, the do nothing Congress ought to live up to its name.
I'm not sure if reporters are reporting or repeating.
I'm pretty certain the Democratic leadership has gone into a blindsiding we can save America lather.
I'm pretty certain the always ready to be helpful Democratic leadership are being hoodwinked by the twin pretexts of threatened turmoil and necessary speed.
I'm pretty certain those members of Congress brave enough to question the Wall Street bailout will not be given a fair hearing.
I know I heard words meant to convince and persuade thrown around leading up to the Iraq war. Similar words are being applied to the Wall Street bailout. Like these:
rescue
faltering
toxic
grant sweeping new powers
catastrophe
turmoil
cost unclear
trying to panic lawmakers into rubber-stamping it.
must be big and fast
struggling to understand
details unclear
dazed
battered
panic
speed up legislation
crisis
may not be reviewed by any court of law or any administrative agency,
swiftly
stabilize
panic
contagion of risk
spoke on condition of anonymity
potential
help people stay in their homes
historic intervention
emergency
accelerating crisis
delay could spark fresh anxiety
dire situation
mounting concern
feared massive run
clean up
cost of doing nothing
government had acted in "great haste" and should reconsider

VP Dick Cheney in an Aug.26, 2002 speech favoring action in Iraq said -- the risks of inaction "are far greater than then the risk of action"
In a speech in Cincinnati, Oct. 7, 2002 President Bush set out a case for military action claiming the Iraqi regime had ties to al-Queda terrorists and that Iraq could attack the U.S. at any time with chemical or biological weapons. source: The World Almanac and Book of Facts 2003 edition

Video Link - Obamanomics

Don't know much about e-con-O-my...
Don't know much about the GNP
But I have heard a man who does
and you can watch him on this video:

C-Span Video Library


John Talbott, author of Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics (Seven Stories Press), talked about his book at Borders in New York City. Obamanomics examines Barack Obama's proposed economic policies and assesses whether they will work. In his remarks, Mr. Talbott talked about the economic situation that the next President will inherit, read part of the introduction of his book, and responded to questions from the audience.

John Talbott is a visiting scholar at UCLA's Anderson School of Management and a former investment banker for Goldman Sachs. He is the author of five books on economics and politics, including The Coming Crash in the Housing Market, published in 2003.