Bail Out Plan Reached

[Christina]

WASHINGTON (Reuters) - U.S. congressional leaders on Sunday said they had reached the broad outline of a deal to put in place a $700 billion financial system bailout but were awaiting details on paper before declaring it final."We've made great progress," House of Representatives Speaker Nancy Pelosi told reporters after a night of marathon talks. "We have to get it committed to paper so we can formally agree."Leading lawmakers had huddled with U.S. Treasury Secretary Henry Paulson through the night on Saturday to nail down an agreement to create a massive government fund to buy up distressed debt from financial institutions staggered by failed mortgages.Fear-wracked financial markets had lent the talks urgency and lawmakers were striving to reach a deal by Sunday before Asian markets open.

 

[Christina]

I dont think theres any accident that the Plan is coming together with the Jewish holidaythe Feast of Trumpets (starts tomarrow at sunset) the Trumpets harold a call to action I think theres a good chance this finacial promblem is the begining part of the deadly wound. So its coming together on this Jewish holiday is somthing for a watchman to take notice of.now how many months or years this takes to play out how many other parts and pieces need to fall in place what country actully receives the wound we do not know

 

[Jordan]

(Christina;59791)
I dont think theres any accident that the Plan is coming together with the Jewish holidaythe Feast of Trumpets (starts tomarrow at sunset) the Trumpets harold a call to action I think theres a good chance this finacial promblem is the begining part of the deadly wound. So its coming together on this Jewish holiday is somthing for a watchman to take notice of.
By judging your post (not belief) I assume Feast of the Trumpets is God's Holiday... Gah, obvious I'm not bible versed in the OT.

 

[tim_from_pa]

I will be looking forward to the feast of Trumpets tomorrow night. As God's holiday, it is a sort of freedom for me.As for the economy, I guess I'll experience a freedom of sorts. I don't think the business I am employed with will survive this at all, as I had a vivid dream that they suddenly closed just like this economy collapsed.Actually, I do not mind that--- I wanted to get out of there from the day I started, but I guess the Lord kept me there for a reason since I cannot seem to get in anywhere else. Maybe a tad brazen on my part, but I rather be unemployed, and whatever I suffer as a result will not be my fault.

 

[Christina]

(tim_from_pa;59793)
I will be looking forward to the feast of Trumpets tomorrow night. As God's holiday, it is a sort of freedom for me.As for the economy, I guess I'll experience a freedom of sorts. I don't think the business I am employed with will survive this at all, as I had a vivid dream that they suddenly closed just like this economy collapsed.Actually, I do not mind that--- I wanted to get out of there from the day I started, but I guess the Lord kept me there for a reason since I cannot seem to get in anywhere else. Maybe a tad brazen on my part, but I rather be unemployed, and whatever I suffer as a result will not be my fault.
I see no good coming from this bill other than short term stock market rallyit fixes little I heard they have to print the money which will cause the dollar to fall futher which will cause oil to raise and more finacial diffeculty overseasits a house of cards ready to fall but thats just my opinion and we know what they say about those everyone has one

 

[Christina]

Bill doesnt seem to be passing in House heres a wake up story >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Outrageous! 10% of GDP To be Used to Fight Crisis?Here's some simple math for you: The Fed headline just crossing that the "Fed Pumps Further $630 billion into Financial System" and couple that with the $700 billion being begged in CONgress today. That, in case you're slow on the uptake is about $1.33 trillion dollars. Now just to keep that in perspective, that's about 10% of everything made in the USA in an entire year.

 

[Christina]

Ron Pauls remarks this AM to congresshttp://www.campaignforliberty.com/blog/?p=642

 

[Christina]

From Jerusalem Post.................................On this Rosh Hashana Eve, which also marks the end of the Sabbatical - shmita - year, the Torah teaches an important lesson about greed and trust, a lesson which resonates particularly loudly today as America, and much of the rest of the world, grapple with a major financial crisis. The coincidence is impossible to ignore: On Monday, the last day of the present seven-year shmita cycle, Jewish law dictates that all outstanding debts be canceled. At the same time, US Congressional leaders and the Bush administration prepare to perform perhaps the largest cancellation of debts - shmitat ksafim - in US history, a financial bailout that will cost America $700 billion. True, financial disasters often happen in September. The inevitable financial crash often gets postponed until after the slow summer vacation months. Still, the concurrence of the end of the shmita cycle with the financial crisis is striking. According to Jewish law, a creditor who has not collected a loan before the Rosh Hashana following the seven-year shmitacycle must relinquish it. The rabbis looked favorably upon debtors who insisted on paying back their debts anyway. But there is no obligation. Later, after being conquered by the Romans, the subjugated Jewish people, living in the land of Israel in a constant state of political and economic instability, began to refrain from extending loans out of fear they would lose their debts. Hillel the Elder, who died in 10 CE, responded by instituting a legal loophole called a prozbul that circumvented the shmita. But the ultimate ideal, according to the original biblical commandment and the teachings of the rabbis, is to foster a society built on mutual trust in which debtors are not obligated to creditors at the end of the shmitayear. Obviously, the US bailout plan is not identical to the biblical commandment to relinquish debt. American legislators and regulators who rescued Fannie Mae, Freddie Mac and AIG from financial collapse are motivated by a self-serving desire to head off a domino effect that could topple the US economy. In contrast, shmitat ksafim is to be performed regardless of any personal benefit. The impetus should be a desire to build a more just society in which individuals are responsible for one another and no one is subjected to the ignominy of living in eternal debt. An important lesson can be learned from shmitat ksafim, as relevant as ever in this age of unencumbered free-market economies fueled by greed and self-interest. Human beings, says Judaism, should not be a bunch of essentially selfish individuals who do nothing but seek to maximize their material well-being. Greed might drive economies, but, unchecked, it can spiral out of control and wreak havoc - as it is currently doing in the US banking and mortgage industries. shmitat ksafim teaches that, sometimes, a feeling of solidarity and support for the community should override narrow individual interests. THIS MESSAGE is pertinent for the Jewish state as it prepares to celebrate Rosh Hashana. Disturbing trends plague our society - including a high level of socioeconomic polarization between rich and poor, and a large percentage of children living under the poverty line. Underlining the distress, according to data released recently by Yedid, the Association for Community Empowerment, this year approximately 3,000 Israeli homeowners were evicted from their homes for failing to meet mortgage payments, up from about 2,500 last year. Banks and other large creditors should not be expected to make a wholesale cancellation of debts. And debtors should not be allowed to get off scot-free. But exceptions can be made when the debtor is sincerely willing to work hard and make painful changes in spending and saving habits, and the creditor can safely agree on a compromise without risking financial instability. This would foster a greater feeling of trust and mutual responsibility, in keeping with the true spirit of shmitat ksafim. Our society is far from the ideal, but it is our obligation to strive for the sense of mutual responsibility sought by the framers of Jewish law - an obligation underlined by the remarkable coincidence of the ancient enlightened shmita provisions and the current bitter financial crisis.

 

[tomwebster]

I think it is interesting that the market is down 777. An interesting number on the Birthday of Christ.Stocks plunge as financial bailout plan fails in House vote; Dow fall 777, biggest drop ever http://biz.yahoo.com/ap/080929/wall_street.html?.v=101

 

[Christina]

(tomwebster;59835)
I think it is interesting that the market is down 777. An interesting number on the Birthday of Christ.Stocks plunge as financial bailout plan fails in House vote; Dow fall 777, biggest drop ever http://biz.yahoo.com/ap/080929/wall_street.html?.v=101
Yes indeed add to that a 7.0 Earthquake this morning

 

[Jordan]

(Christina;59837)
(tomwebster;59835)
I think it is interesting that the market is down 777. An interesting number on the Birthday of Christ.Stocks plunge as financial bailout plan fails in House vote; Dow fall 777, biggest drop ever http://biz.yahoo.com/ap/080929/wall_street.html?.v=101
Yes indeed add to that a 7.0 Earthquake this morningI know this is probably going to be unrelated, but... feel like the need to quote though.Genesis 5:31 - And all the days of Lamech were seven hundred seventy and seven years: and he died.I am pretty sure that number is in the bible in other areas.SEVEN. Denotes spiritual perfection. It is the number or hall-mark of the Holy Spirit's work. He is the Author of God's Word, and seven is stamped on it as the water-mark is seen in the manufacture of paper. He is the Author and Giver of life; and seven is the number which regulates every period of Incubation and Gestation, in insects, birds, animals, and man.What I'm trying to say here is, I think we are seeing His prophecy are being at work.

 

[tomwebster]

(Christina;59837)
Yes indeed add to that a 7.0 Earthquake this morning
7777, He is telling us Who is in controll. Let not your heart be troubled! FEAR NOT!

 

[Lookin4wardtoHeaven]

Interesting...these words keep coming to my mind as I watch all this unfold.Watch as well as ray3: