Taxpayers To Get Screwed AGAIN As Bush Administration Wants Hundreds Of Billions And New Powers ASAP To Attack Financial Crisis

Is there anyone else out there who could care less about bailing out these financial institutions than me. Why is it that people who make the most in this nation get helped the most, and to hell with the rest of us. We were impacted immensely by the floods in June and July, when sales were down 80% from last year, and no one offered to help us out. I don't really care if the markets melt down completely as they put themselves in this position and Uncle Sucker (we the people) are going to get stuck with the bill AGAIN!! A little Depression may hurt now, but may shake things up enough to fix them later on. Hell, why are we bailing out these gamblers, why aren't we bailing out people who go to Vegas and lose their life savings, the risk isn't much worse than what Wall Street has been doing. The speculators drove the oil craziness, and now we find they were driving the financials as well, and at the very least the people responsible for the collapse need to see prison time and a lot of it, and the forfeiture of their million dollar severance packages!! And do I care if we don't help and people start jumping out of buildings~~~No and good riddance to them if they do jump!! WE are again going to be on the hook for billions, and many of us struggle to pay for basic necessities, while these institutions built lavish buildings, and paid themselves outrageous sums of money, and loaned money to people who had no way of paying it back~~it just pisses me off!! This is a rant so if my facts are a little off I don't care~~I want people fired, prosecuted, maybe even "executed", so this doesn't happen again!! You know that there has already been a "hint" of more bailouts to come as the auto industry, airlines, etc., are also struggling, and it won't be long before they want a handout/bailout too!!
If you are as mad as I am, please contact your representatives and let them know your anger, and demand accountability!!

The stupid bailout story is at Yahoo News:
The Bush administration sketched out a multi-faceted effort on Friday to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt that has unhinged Wall Street.

President Bush, flanked by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, acknowledged that the program will put a "significant amount of taxpayers' money on the line."

The administration is asking Congress to give it sweeping new powers to execute the plan. Paulson said it "needs to be big enough to make a real difference and get to the heart of the problem."

Paulson gave few details but said he would work through the weekend with leaders of Congress from both parties to flesh out the program, the biggest proposed government intervention in financial markets since the Great Depression. Members of the Senate Banking Committee said they had yet to receive details of the proposal, but were ready to move quickly when they do.

The government's steps were welcomed by financial markets. As Paulson spoke, the Dow Jones industrials were up over 300 points and at one point had soared by 450 points. Global stock markets rose, too.
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