Shouldn't this be newsworthy?

Housing bill passes overwhelmingly in the House of Representatives and has an enormous impact on our lives.

- Increases total private sector bailouts to over $300 billion.

- Unlimited bailouts for Fannie Mae and Freddy Mac. The Treasury will effectively own those institutions should the current investors bail, meaning that the money being loaned out will be OURS - we the people are now directly financing lending institutions!

- Finger printing of mortgage brokers. What's that all about? Insanity is the only thing I can think of.

- Buried in the bill, national debt is increased another $800 Billion.

- Also buried in the bill, every credit card transaction made in the US is to be reported to the IRS, making it a simple matter for the government to implement taxes on internet purchases or to track and profile people based on their purchase history. Incredible.

Has anyone seen this in the news at all?

Its buried in the news, the media stinks. Fannie & Freddy are federally sponsored brokers that also have shareholders. They were designed so if they profit, so do the shareholders. If they dont, we pick up the tab. Stinky.

There not going to be happy until we have to soley depend on them for everything. I'm really etting sick of this CR*P!