http://www.creditwithdrawal.com/wordpress/2008/09/30/congress-rejects-the-bank-bailout-and-the-market-goes-into-meltdown/ Helping You Kick the Credit Habit, One Good Idea at a Time Thu, 31 Dec 2009 04:56:04 -0700 http://wordpress.org/?v=2.8 hourly 1 http://www.creditwithdrawal.com/wordpress/2008/09/30/congress-rejects-the-bank-bailout-and-the-market-goes-into-meltdown/comment-page-1/#comment-2311 Scott @ The Passive Dad Fri, 03 Oct 2008 05:11:17 +0000 http://www.creditwithdrawal.com/?p=722#comment-2311 I would agree that taking on bad debts just seems like a waste of taxpayer dollars. We also don't know the value of these assets and if borrowers will be able to repay any of it. Also, here in California many homeowners still have the teaser rates that will be resetting over the next few months and years. It appears this $700B could be a starting point. It is very frustrating to watch this mess unravel. I would agree that taking on bad debts just seems like a waste of taxpayer dollars. We also don’t know the value of these assets and if borrowers will be able to repay any of it. Also, here in California many homeowners still have the teaser rates that will be resetting over the next few months and years. It appears this $700B could be a starting point. It is very frustrating to watch this mess unravel.

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