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<blockquote data-quote="InzeladunMaster" data-source="post: 4487503" data-attributes="member: 9774">Well, it looks like Congress voted it down.&nbsp; Predictions?Bob, I think you have a vantage point we lack because you are involved in the banking industry.&nbsp; I think I may have oversimplified things as well - just as Ron Paul did - in my own thinking. On the whole, I agree with John, but I am glad the current version has more oversight. I really do not trust Bush's appointees to run things, especially in the Fed, without a lot of oversight.Meanwhile, while I agree with John, I also agree with Bob that something needs to be done.&nbsp; I just don't know what because, frankly, this problem is far beyond me and my meager understanding of basic economics.&nbsp; The currents run much deeper than I can swim.Amanda told me <a href="http://money.cnn.com/2008/09/29/news/international/Europebanks_bailout.ap/index.htm" target="_blank">CNN says Europe already had to bail out its banks</a>.I do hope more oversight takes place in the future to prevent this from happening again.</blockquote>

[QUOTE="InzeladunMaster, post: 4487503, member: 9774"] Well, it looks like Congress voted it down. Predictions? Bob, I think you have a vantage point we lack because you are involved in the banking industry. I think I may have oversimplified things as well - just as Ron Paul did - in my own thinking. On the whole, I agree with John, but I am glad the current version has more oversight. I really do not trust Bush's appointees to run things, especially in the Fed, without a lot of oversight. Meanwhile, while I agree with John, I also agree with Bob that [I]something[/I] needs to be done. I just don't know what because, frankly, this problem is far beyond me and my meager understanding of basic economics. The currents run much deeper than I can swim. Amanda told me [URL="http://money.cnn.com/2008/09/29/news/international/Europebanks_bailout.ap/index.htm"]CNN says Europe already had to bail out its banks[/URL]. I do hope more oversight takes place in the future to prevent this from happening again. [/QUOTE]

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