Kerry faces off with O’Reilly over bailout bill
By David Edwards “Many of us have been warning about these problems,” Senator John Kerry told Fox’s Bill O’Reilly during a discussion of Monday’s failed $700 billion Wall Street bailout vote in the House of Representatives. “And, if you go back and look at the record, you’ll see it very clearly. In 2004, as a presidential candidate, I personally talked about how we needed to have stronger oversight on [Fannie Mae and Freddie Mac], about the housing market, about deregulation and the excess of deregulation.” Senator Kerry also said that efforts to prosecute predatory lending have been blocked since the turn of the century.

While 61% of House Democrats voted for the legislation, 66% of Republicans voted against it, with a total tally of 205-228. “And just because their feelings were hurt by something that [House Speaker] Nancy Pelosi said, is not an excuse to screw the guy on Main Street and his savings account, to screw small businesses, to screw companies across the country. It was an act of cowardice and selfishness and pure politics.”

“This is not a rescue of Wall Street, this is a rescue of Main Street,” Kerry closed.
This video is from Fox’s O’Reilly Factor, broadcast September 29, 2008.

http://rawstory.com/rawreplay/?p=2044

Ya think if they say this often enough we might believe it?

Check your internationl business news services and you find that many foreign banks are expecting a slice of this money.

While 700 bil is a lot... It can only go so far and if they be spreading it overseas how much is left for US on the street.

THE AMERICAN DOLLAR IS BACKED BY THE TAXPAYER OR IT IS WORTHLESS. BACKING WAL STREET IS PAYING UP TO THE BANKERS AND MORTGAGE LENDERS WHOM SCREWED THEMSELVES PLAYING THIS BIG BOYS COMPETITIVE GAME OF CAPITALISM AND LOST BIG SO THAT FANIE MAY AND FREDDIE WONT TOTALLY GO UNDER AS WELL. THIS IS SOCIALISM AT ITS FINEST HOUR. STEAL MORE FROM THE POOR AND GIVE IT TO THE 1 PERCENT OF THE WEALTHIEST AGAIN. THESE FUNDS ARENT GOING TO HIT THE STREETS AND THE CREDIT CRUNCH WILL CONTINUE BECAUSE THE BANKS DONT TRUST ONE ANOTHER...PERIOD. LET THEY THAT PLAYED AND LOST, FALL. THE STRONG WILL BE ON TOP AND wILL BE LENDING AGAIN TO EVERYONE AND at REASONABLE RATES. LET FANNIE AND FREDDIE TAKE OVER THE DEEDS AND REFINANCE AND RENEGOTIATE THE LOANS ANMD ALL WILL BE FINE. LETS GET RID OF NAFTA AND STOP TRANSFERING our wealth over seas

Thats what the free market is supposed to be about. The consumers drive the market to make certain decisions and there is the freedom to prosper or fail.

Show me where we have had a free market in my lifetime?

WOW!!! I am Facing off with O'rielly, I like him