A synopsis...

Since they won't actually televise the proceedings wherein our "leadership" is trying to find the best way to give away our money, let me summarize for those who haven't been following, either due to a busy work schedule, or perhaps because the impending doom is simply too much to think about...

The federal government is going to give banks $700B so that they can pay off other banks that gave them the money to give to you, thereby "relieving" the pressure. This is at 0.000% interest. This does not erase YOUR debt. It erases the BANKS debt. If you happen to pay back your mortgage (in 30 years), the banks will be giving the federal gov back the money it was given...in today's dollars...with no interest. In the meantime, you have been threatened/lien ed/paycheck ed to pay the bank back, not only the money you borrowed, but all that interest over the next 30 years. And they are paying back only what they borrowed. Now keep in mind, the bank will not be paying the government back in installments. They will pay them back when you pay the bank back, again, in 30 years. So for 30 years the banks will be re-investing the $700B, making a modest 12%, plus the 6.5% on your mortgage. In 30 years, the taxpayers MAY get their original $700B back, while the banks will have made over $100B (oh, and that's not amortized, so that number is probably closer to $400B) on money they did not earn, but stole from you and me. Yes, stole. Extortion is the proper term. You see, if you give someone $110,000 for their "campaign", and that person happens to be, oh I don't know, the chairman of the Senate Banking Committee, and you happen to be a BANK, when you and all your friends get in trouble, you just have to make a call and tell that person "hey, you remember all the money I gave....yeah, I'm gonna need you to do something for it, or you don't get any more". That's extortion. Well, kinda. If you do it willingly without the call having to be made, its called conspiracy and bribery. But then again, if you're in Congress...its just how things go.

And the press thinks the Republicans in congress are being "obstructionists", by not blindly signing on the bottom line. Strange. There is a significant majority in the House for the Dems, the Senate is all in the tank and the Pres has been sitting at his desk with a pen in his hand for 3 days, waiting to sign anything up to and including a paper napkin with some old ketchup on it. Yet the Dems want everyone on board. Why? You need a 2/3 if there's going to be a veto..but that ain't gonna happen...not even the hint of it.

I was really thinking that that CERN atom smasher was going to create a big black hole that sucked us all in to oblivion. Apparently they just ripped a hole to a new universe, where sommon sense, logic and good judgement do not exist.

Bring on the tilt-o-whirl of death!