They said:

If the bailout does not pass the people are going to loose the money in his bank accounts.

FALSE: THEY ARE INSURED BY THE FDIC (Federal Deposit Insurance Corporation)

If the bailout does not pass is the end of the world, it’s a financial catastrophe.

FALSE: nothing like that is going to happen because this crisis is a failure of CORRUPTED financial institutions and they are small in number compare with those who are playing by the rules.

If the bailout does not pass the economy are going to sink in to a deep recession.

FALSE: This is another argument they use to hidden the real true and scare the people in “MAIN STREET”. This economy of this country is “IN CONTRACTION STATUS”, this means the power of acquired good for the people every day is less than before. This could be corrected with a good and strong policies reinforcing the INCOME of every American and reinforcing this sectors of the economy that are capable to generate more employment. A good example could be investing this 700 billion in infrastructure around the nation.

If this bailout does not pass you can not get loans to buy house, cars and you can loose your credit card.

FALSE: One of the main problems of this crisis is THE ABUSE and the BAD USE of the credit. They buy houses they couldn’t afford to pay. They buy cars they couldn’t afford to pay. They misused his / her credit card and they couldn’t afford to pay. All this happen for the ambition and mismanaged of the CEOs of this corrupted bankers or institutions.

So what kind of bailout (CORRECTION) would be this, if this money go again to the market with the same purpose as is the mantra of the government and the lawmakers who are supporting this legislation.

Moreover if you want a loan and have a good credit and you can afford and pay your debts do so, but if not, don’t do it!

If this bailout does not pass the entirely banking system are going to crash and people in Main St., are going to suffer for a lot!

FALSE: As I said before, this particular crisis can be solving by the market as is. In this country there are very serious banking institutions that are capable to absorb the failure of the others in a very intelligent manner without compromising his capital.

Bank of America, JP Morgan and other banks are a good example and they will be very happy receiving those people looking loans for homes, cars, boats and credit cards!, working people who are capable and can afford to pay on time his bills.

These bailouts has to pass, to secure more liquidity to the banking systems buying his negative assets and generate the reactivation of the economy, them people in Main St., can get more loans of any kind.

FALSE: The economy of this country is IN CONTRACTION STATUS, people can afford pay his bill because the power of the dollar is less than before. Essentially this MODEL can’t afford print more dollars with the deficit the country had. Actually the difference between this country and countries around the world less wealthy is his ability to PRINT MONEY. This NEGATIVE economic behavior is the main concern of economists around the world. I have no doubt Mr. Paulson and Mr. Bernanke know very well about it, but they prefer to buy time instead to try and get the right solution for this crisis.

If this bailout does not pass the economy could be worsened

TRUE: The economy will be worsened but not because the bailout could be pass or not. The economy is in a bad shape and the solution has to come with a structural correction of the deficit and a best economic practice with the conscientious study of the factors that are generating this contraction in the economy and come up with good, reliable and stable economic practice solutions.

People must remember this on November 4 and remove this politician with the "POWER OF THE VOTE"

Percy H Florez