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I'm not comfortable with the whole process and the politics being injected into the process. While I agree the credit market needs some shoring up to maintain a free flow of credit I have reservations about the price tag and other options being placed on the table such as bailing out people who could not afford a mortgage in the first place. Why should I have to pay for a loan on a home where the owner went in over his or her head hoping for a quick flip. Obama and Pelosi seem to be pushing to expand the bailout which would carry even a larger price tag.
That is not saying I'm happy bailing out the banks, but at least that can be justified as a safeguard to keep the economy going.
I say get a bipartisan commission made up of guys like Mitt Romney who have shown success in rebuilding failing companies who also know the wall street fundamentals enough to make an intelligent recommendation.
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