If we bail out wall street, we will have to print 700 billion dollars. There will be a deadweight loss from inflation. Then we will lose money on that 700 billion dollars that we loan to wall street at a negative interest rate. Then we add in the oppotunity cost of the 700 billion dollars. Then Wall Street will loan the money back to us through bank loans at a high interest rate. This isn’t a 700 billion dollar bill, but more likely a 3 trillion dollar plus bill, any economist/mathmatician/rational person will tell you that the price tag of this bill is much much more than 700 billion dollars.

This bailout will cost us much much more than if we do nothing. My theory and math fully support that we should not support this bailout. This bailout has a CHANCE of saving our 401k’s, but it will most likely cause an increase of inflation by 25%-35% over the next 3 years. Plus the yield on Treasury bills will fall to a negative percenatage, most like -4%, doesn’t sound like a great bill to me.

http://prosofrealty.com/

Also, Google Farrah Gray and Frank Raines, and Ronald Branch and Frank Raines for more links between them. I believe the evidence I am collecting shows that Frank Raines was funneling the Fannie and Freddie foreclosures to this group to list for resale. I talked to a broker who worked there briefly. He heard their names mentioned, but more importantly; the commissions paid to the ‘brokerage’ were maybe 3% of the sales price, but the sales person or selling broker only got maybe $1,500 or less. The brokerage was then funneling the money back to the owner/investors. There is a shell company in the middle, but I am picking up ties to Raines all along the path. This is kind of like the Erin Kenny situation; I could see connections; but in her case it took me a while to find all the connections. One thing I am, is persistent.
Don’t vote yes on this bill today, Senator Ensign. There is a tie between Frank Raines and this company, and it will blow up this topic shortly. Any one of our politicians who votes yes to this rescue bill today is going to look as though they didn’t look hard enough at the details before they voted. You can’t vote on this without knowing the facts. You need to say that you are not voting for a 700 Billion dollar or more bill to taxpayers without all the information. Also, I talked to a broker who was working there. He said that basically, this gave Freddie and Fannie execs a reason to foreclose, secretly. They made more money this way, taking these houses back and selling them via these shell brokerage groups; rather than working with any borrowers.
This bail out bill profits these lenders even more. Many were complicit.
From my past experiences , I’ll keep digging up the dirt and taking to the FBI and the Secretary of State until someone does something. I need help, because any of our politicians who vote yes on this bill are going to look like they were complicit. Help me out here, you guys. Let’s go.
Cyndy