Saturday, February 23, 2008

MaxedOutMama: Ooh, Bankers Lobbying Congress

Maxed Out Momma reporting on the story of, gasp!, Bankers lobbying Congress for a bailout.

It turns out that Bank of America has a nice little plan to solve the mortgage mess, which they have been submitting to your Congress Critters while y'all have been out there working to pay your mortgages. BofA, of course, has the little problem of the CW loans it just bought to deal with, and Congress Critters are relatively cheap in comparison to deeply underwater loans.

I say we let the banks just eat the writedowns and while we're at it, we get rid of the FED as well. But that's just me and a certain OB/GYN who happens to be running for president.

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