Financial Bailout Massive Fraud

by Ginny from Key West, Florida USA

Regarding Financial Bailout Massive Fraud: I would call the Emergency Economic Stabilization Act of 2008, the financial bailout plan, a massive fraud perpetrated on the American taxpayer and the rest of the world. This is being done by an administration that for the past eight years has catered to power brokers in the financial markets, ever since they entered the White House and while they were the dominant party in the Congress and the Senate.

**Super Kate Tip: Know your credit score!
Free Credit Score - See yours at CreditReport.com!**

First, there is the added “pork” to the tune of about one hundred forty billion dollars, all of which has absolutely nothing to do with helping to stem the current crisis. Then they are allowing a second loan to AIG, after learning that the company has spent almost half a million dollars of taxpayer’s money to send their executives to a luxury retreat.

Americans should not forget that because of deregulation, venal, greedy executives sucked the life out of formerly successful companies. They walked off with millions of undeserved dollars while leaving other employees and shareholders with empty pockets.

No regulation and poor oversight by the SEC allowed these same type persons to sell mortgages by fraud and lies to undeserving home buyers, most of whom could not know that some of the people selling them these mortgages were crooks and felons.

This administration put into trusted Treasury and Finance positions those same executives from companies that went under because of their own bad decisions, but who selfishly took their golden parachutes with them.

Massive fraud is what I’d call the financial bailout plan. --Ginny from Key West

Meet Up At The MESSAGE Board

Learn how to compare mortgage rates and find the best lenders in six simple steps.

Welcome to the Compare Mortgage Rates Online, a collection of real life stories contributed to this website by Readers just like you.

What if you could stay in touch with breaking Mortgage News? Now you can. I've made it easy for you.

Begin with the bold opinions of Joe Public regarding mortgage rates and news. Continue on to the directory of Ask Kate Questions and Answers, a road-map to this site.

Remember the leaking roof at Terrance and Laurie's house? Although their attorney gave correct legal advice, it was not the best mortgage advice. Meet up on the Mortgage Forum.

Let's get started with savvy home mortgage tips contributed by readers of this website.

Return from Financial Bailout Massive Fraud to Get Your Best Mortgage Rate