Ironic how both parties came together to oppose a Bush planned give away! Now McC can say he is the only person that got Obama to reach across the aisle! Putz.

Shirley, there must be something John McSame and object to so he doesn't have to debate Friday night and Sarah Impalin doesn't have to debate next? Sorry, didn't mean to call you Shirley.

so nice of mccain to offer to help with the dishes after they are all done.

Capitulation,

And in record time.

Way to go Barney.

He's such a drama queen, when he opens his mouth an episode of All My Children falls out. John McKane from here on out

Bob @ 3:

McCain spent 5 1/2 years as a POW. During that time, he had no access to any banking or financial services.

And that's why he's an expert now. An expert in no less than 13 banking services, because he didn't have any for 5.5 years.

http://mailcenter3.comcast.net/wmc/v/wm/48DBCAFD000EF08B0000289722165279...
DK would have been a great president
I am Slick Sarah and I approve this message

Ok. Stand back. Watch closely. Grandpa McSame is just about to throw the longest "I solved this dilemma, thank you very much" Hail Mary in the history of football AND hail. No instant replays allowed. Sorry.

" Republican presidential nominee John McCain has not introduced any banking or housing bills in the 110th Congress, while Democratic rival Barack Obama has proposed five. "

Don't expect Brian Williams to be leading with this story on the evening news.

I pray to God this plan is worth two shits, though I'd settle for half a shit. PLEASE, Dems; PLEASE say you did not rush a bad plan to make US feel better. A good, well-calculated and thoughtful plan is what we want, even if you had to take a few more days or a week.

And we wait...

The SS G.W. Bush has finally met it's iceberg, but the captain doesn't realize the rats have fled the ship.

I wish they would not sumit to this farce, nothing is going to happen if they don't get the bailout money, the world will not stop. A bunch of bankers will be left holding the bag and I do not feel sorry for them.

I am not the only one that thinks so, a long list of economists think so too and they know what they are doing. Mine is just a gut feeling.

BeeSting @ 16:

The democrats once again fail the american people by bending over and taking it in the ass.

They're all criminals. Both sides.

Fuck all of them.

Because it's criminal in 14 states?

I think McCain deserves some credit. All he had to do was threaten to get involved and -- presto! -- we have a deal in place.

This should serve as an inspiration to incompetent CEO's everywhere.

OT- but during McSame getting his make - up done and before Dave starts talking over him - McShit says something about "democrats" PLEASE anyone that can figure out what he is saying - may not be a big deal but i am very interested to hear what he would be saying "off -mic"!!!!

Bush ran the old limp-leg sweep to the left side, and Barney (and all the rest) wiffed.

Textbook play. Works almost everytime. Had they not tackled them on Social Security that would be gone too. Maybe next time.

enor @ 25:

BeeSting @ 16:

The democrats once again fail the american people by bending over and taking it in the ass.

They're all criminals. Both sides.

Fuck all of them.

Because it's criminal in 14 states?

What I meant to say was... I've been disappointed with the Demos, too.

Class warfare.

We are being strangled by the wealthy.

McCain also keeps the bears out of my backyard. Since he's been in office, not one bear. Thanks McCain!

Again, Obama seems to be able to see through the clutter and to get it right:

1. Those actively engaged in attempting to resolve this first step in calming the markets really didn't need the fly-in expertise of either candidate at this point. They certainly didn't need Mr. "I really don't understand economics" McCain.

2. If they had what they believed was important input or wanted their views known, they do have access to phones; cellular, 3G and land.

3. Presidents had better be able to handle more than one crisis at a time since they don't respond well to "Time out! I'm still reading My Pet Goat."

4. Most of the serious new policies and laws to regulate, oversee, and manage the various elements of our complex financial system will be overseen by the next President - so let's make sure we completing the campaigns properly.

Judgement trumps 26 years of wasted experience - again!

I guess Grandpa is ready to debate now.

Mick Piobr @ 35:

Class warfare.

We are being strangled by the wealthy.

Then pull a knife or a gun, goddam it!

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

Thomas Jefferson

Like Alice X says: Republicrats

Right, I know, I'm voting for Obama...

It's not like there is much of a choice, is there?

Meanwhile, I send fervent hopes to some quantum dimension for revolution.

Avenger @ 36:

I smell a rat. This is a set-up. Maybe they will issue a statement that says the "President asked the candidates to put aside politics in this time of need and suspend the debate." Then Obama will look like a bad guy if he still wants one. All calculated to save McCain from being eviscerated. OR SOMETHING LIKE THIS.

PS - anyone notice how cheaping out of debates is a theme? Remember how McCain somehow finageled Obama answering first to ALL questions at the Rick Warren sleazeball debate... only to be miraculously in a "cone of silence" but then not in a "cone of silence" at all so he could cheat?

Now look at what he's doing.

Yeah...my tin-foil hat alarm is goin off...this whole thing just reeks of manipulation.
The crash, the bailout, everything...I can't think of anything more maddening than knowing you're being played, and unable to do anything about it.
Oh well, if I get laid off next week, I'll just go fishing, get stoned outta my gourd, and drink about a case of Becks.
I won't care about the economy, the sorry state of our nation, or catchin fish.

Uppity Blue Lensman @ 48:

I do give McBain credit for ending this quickly. Both sides were willing to do ANYTHING to keep his bullshit out of this.

Unfortunately, the taxpayors take a major, possibly fatal, hit on this one.

Wow...we paid $700 billion to let losers hump us. We didn't even get dinner.

BeeSting @ 16:

The democrats once again fail the american people by bending over and taking it in the ass.

They're all criminals. Both sides.

Fuck all of them.

exactly!!!!!!!!!!!! how long did it take you to find this out? both the dumdickcrats and the farthog repigs slop from the same garbage dump!

Liberal AND Proud @ 51:

Uppity Blue Lensman @ 48:

I do give McBain credit for ending this quickly. Both sides were willing to do ANYTHING to keep his bullshit out of this.

Unfortunately, the taxpayors take a major, possibly fatal, hit on this one.

Wow...we paid $700 billion to let losers hump us. We didn't even get dinner.

NO dinner, no reach around, no lube.

Avenger @ 36:

I smell a rat. This is a set-up. Maybe they will issue a statement that says the "President asked the candidates to put aside politics in this time of need and suspend the debate." Then Obama will look like a bad guy if he still wants one. All calculated to save McCain from being eviscerated. OR SOMETHING LIKE THIS.

PS - anyone notice how cheaping out of debates is a theme? Remember how McCain somehow finageled Obama answering first to ALL questions at the Rick Warren sleazeball debate... only to be miraculously in a "cone of silence" but then not in a "cone of silence" at all so he could cheat?

Now look at what he's doing.

Fact of the matter is that Bush is trying to get his own way on this proposed bailout, but he's going to be offered a veto-proof bill. Stupor Mundi is now the lamest of lame ducks.

McCain's got no choice but to distance himself from the administration on this, and I think we're at the point where anything that Bush tries to do to help will only backfire. So let either (McCain and Obama) of them go, together, separately or not at all. It's nothing but lip-service to the office, not the man who was appointed President.

liberalNmoderation @ 55:

Liberal AND Proud @ 51:

Uppity Blue Lensman @ 48:

I do give McBain credit for ending this quickly. Both sides were willing to do ANYTHING to keep his bullshit out of this.

Unfortunately, the taxpayors take a major, possibly fatal, hit on this one.

Wow...we paid $700 billion to let losers hump us. We didn't even get dinner.

NO dinner, no reach around, no lube.

I am guessing they won't respect us tomorrow morning either...

And we will have to pay for the rape kit too, ain't that a bitch!

The Thugs say the deal is not done.

Yet another case of premature capitulation.

Boner's waiting for McCain to swoop in for the cred. The Thugs never quit.

getalife @ 52:

The dems say the deal is done.

McDeregulator who helped create this problem will take the credit.

The debates are on so that gamble looks weak.

For the uninormed it might work but for the informed, he rolled the dice and came up a loser.

BTW, Palin is a moron.

Yes Palin IS indeed a moron, of truly staggering proportions.

On another note...McBain will try to take credit for this, I say big fat hairy deal.
Everyone that was there, will know he's full of shit, and the will likely say as much when asked about it. His attempt at being all presidenty is goin to look like what it really is...a failed attempt to save his faltering campaign.
Obama/Biden 08!

Tyler Durden @ 58:

liberalNmoderation @ 55:

Liberal AND Proud @ 51:

Uppity Blue Lensman @ 48:

Wow...we paid $700 billion to let losers hump us. We didn't even get dinner.

NO dinner, no reach around, no lube.

I am guessing they won't respect us tomorrow morning either...

And we will have to pay for the rape kit too, ain't that a bitch!

GAH!!! The BASTAAAAARDS!

David @ 57:

Wow! America is about to be devolved into a true banking dictatorship, with bi-partisan support! Both Democrats and Republicans -- with the exception of men like Ron Paul who warned us quite directly what was coming -- now feel that the rape and killing of America as a nation is in the country's best interest despite thousands and thousands of calls to politicians offices against this plan. So much for listening to their constituents.

Both parties have betrayed the constitution, betrayed the American people and betrayed every value America once stood for, and the fat, lazy, mezmerized sheeple will go aong with it.

If this isn't a clue as to how far this country has fallen, I don't know what is.

This gives Paulson the ability to do whatever he wants, whenever he wants with no recourse to the courts or any other accountability. He can steal any assets to deal with the crisis and you can be sure that all those prison camps Halliburton built are about to get some residents, maybe even hundreds of thousands of residents. And of course now Army Times announces that the Army is going to be used to quell riots and handle street disturbances.

Wake up people, you are about to see your whole way of life stolen from you. This isn't a left right issue: this is an average man against the elites of this country and globally. If they get away with this, this country is gone, gone, gone!

The class war is now over. The middle class lost.

No healthcare for you, but if rich guys go bankrupt...you pay them back. No education money for your children...but if rich guys go bankrupt...you pay them back. No improved mass transit for you...but if rich guys go bankrupt....you pay them back. No improved wages or work rules for you...but if rich guys go bankrupt...you pay them back. No job growth for you....but if rich guys go broke...you pay them back.

Uppity Blue Lensman @ 49:

I do give McBain credit for ending this quickly. Both sides were willing to do ANYTHING to keep his bullshit out of this.

Unfortunately, the taxpayors take a major, possibly fatal, hit on this one.

Speaking of McBain . . . http://www.alternet.org/blogs/video/99826/mcbain_for_america_%28a_simpso...

Everyone remembers the Peter Principle right. It appears that John McCain has suspended his Presidential campaign in order to rush back to Washington in order to assume Senate duties commensurate with his last known level of competence. Sort of like doing a system restore. Frankly I still think he's aiming a little high.

Liberal AND Proud @ 52:

Uppity Blue Lensman @ 48:

I do give McBain credit for ending this quickly. Both sides were willing to do ANYTHING to keep his bullshit out of this.

Unfortunately, the taxpayors take a major, possibly fatal, hit on this one.

Wow...we paid $700 billion to let losers hump us. We didn't even get dinner.

Everyone does realize that $22 billion was pumped into the market this morning right? I believe it was in the form of treasury bills. Just to get things started.

CMINCA @ 74:

Liberal AND Proud @ 52:

Uppity Blue Lensman @ 48:

I do give McBain credit for ending this quickly. Both sides were willing to do ANYTHING to keep his bullshit out of this.

Unfortunately, the taxpayors take a major, possibly fatal, hit on this one.

Wow...we paid $700 billion to let losers hump us. We didn't even get dinner.

Everyone does realize that $22 billion was pumped into the market this morning right? I believe it was in the form of treasury bills. Just to get things started.

Oh...so they started by using a small butt plug on us first.

Gee...that was nice of them.

Ah the McCain Miracle! One day doing the job he should have been doing for the last 18 months and Mighty Mac has Saved the Day!!
What a crock!!
I have my barf bag ready.

$150 Billion will possibly be earmarked for the FDIC as more and more local banks are failing. This money will go directly to depositors and not to the banks.

liberalNmoderation @ 73:

I'm of two minds on this whole stinkin mess...one part of me says to hell with wall street, the crooks-ass CEO's, McBain, Gramm, and every other criminal SOB responsible for this shit, and just let 'em suffer.
America could use a kick in the ass to remind us where we're from, what we've been through, and what we could be again.
Then the other side, is like, damn that would totally suck for a loooong time before it got better, and also, it would give this fascist govt. a reason to declare martial law.

Not really. Whatever companies are headed down because of toxic investments still have lots of good salable assets. The system will reorganize around the good stuff. The biggest hit is going to be to Wall streets reputation for competence and that hit has already been taken. They sold those bundles of securitized garbage mortgage bundles around the world and I think the world will think twice before buying into any new financial instruments these clowns plan on offering. If there is a credit crunch then it would be better for the government to use the 700 billion to directly lend and at least get a return on the investment.

Peter G @ 82:

liberalNmoderation @ 73:

I'm of two minds on this whole stinkin mess...one part of me says to hell with wall street, the crooks-ass CEO's, McBain, Gramm, and every other criminal SOB responsible for this shit, and just let 'em suffer.
America could use a kick in the ass to remind us where we're from, what we've been through, and what we could be again.
Then the other side, is like, damn that would totally suck for a loooong time before it got better, and also, it would give this fascist govt. a reason to declare martial law.

Not really. Whatever companies are headed down because of toxic investments still have lots of good salable assets. The system will reorganize around the good stuff. The biggest hit is going to be to Wall streets reputation for competence and that hit has already been taken. They sold those bundles of securitized garbage mortgage bundles around the world and I think the world will think twice before buying into any new financial instruments these clowns plan on offering. If there is a credit crunch then it would be better for the government to use the 700 billion to directly lend and at least get a return on the investment.

People pay too much attention to the Dow. The Dow is only 30 companies. AIG was removed from the Dow and replaced with Kraft.

The Nasdaq had a slight increase yesterday, almost breakeven, while the Dow fell.
The S&P 500 (500 companies, not a measily 30) also had a slight increase yesterday.
The Wilshire is the true forecast of the market and you almost never hear any reference to it at all.

Wow, first McCain invented the Blackberry, and now he saved the economy. What will he do next, invent a better tampon?

Bourbon Street never got a bail out.

CNN is reporting "Lawmakers have reached agreement on a bipartisan counterproposal to the Bush administration's $700 billion financial bailout plan. CNNMoney reports both parties in the House and Senate agreed to a set of principles on revisions to the rescue plan, which calls for the Treasury Department to buy up bad mortgage securities from banks in an effort to get them to lend again." http://www.cnn.com/

CMINCA @ 90:

CNN is reporting "Lawmakers have reached agreement on a bipartisan counterproposal to the Bush administration's $700 billion financial bailout plan. CNNMoney reports both parties in the House and Senate agreed to a set of principles on revisions to the rescue plan, which calls for the Treasury Department to buy up bad mortgage securities from banks in an effort to get them to lend again." http://www.cnn.com/

We're screwed. Again.

Yaaaay...now the Wall Street bonuses can be paid!!

America is saved!!! Hooo HOOO HOOO...U..S...A! U...S...A!!

Thank GOD, George Bush is our President!

HDon @ 88:

Bourbon Street never got a bail out.

Those folks were better off living in the Houston Astro Dome didn't you know? According to that old bag in pearls aka Barbara Bush.

fwacbar @ 51:

If this turd gets shoved down our collective throats, I will no longer vote. No need to. No one has my (our) best interests at heart so fuck 'em all....

Well, you can vote right now. Just like on American Idol. In a few minutes this morning, I called each of my Senators (both D) and faxed a letter to my Congressional Representative (R). I asked them very plainly not to sellout. I said there was no need to rush this, just like 166 leading economists said.

It may sound trite, but everyone here - every one - should call Congress and let them know that you don't buy it, don't want it and will remember.

/ Notice the superficial resemblance between Howie Mandel and Hank Paulson?
// Time to say, "No Deal."

CMINCA @ 77:

Tag @ 57:

How is poor feeble McCain going to save the day NOW !! nice work GOP. Maybe he will suggest that a photo with the bill (without any questions of course) will work on his window licking constituency.

I'm sorry, but this is a House bill. Why on earth does a senator need to be involved at this point. It is just a tad premature isn't it. It hasn't passed the House let along gone to the Senate yet.

And this only solidifies that George Bush doesn't understand government either. Why does he need McCain and Obama to meet with him, at this point?

I think they all need a lesson in political science. The President exists to execute the laws , not lobby to have bills drawn up by criminals rushed into law by way of terroristic threats, whether they be economic or security.

Why is his speach on tv last night not called the terrorism that it was? Was he not using fear to promote his political agenda? Does anyone who calls themself a politician have a fucking spine or true care for the future of this Republic?

Thank you John McCain...you have saved the Wall Street economy.

The high priced call girl, 900 lines, limousine, and cocaine industries will soon be booming again.

May someone tell me what right President Bush has to ask either canidate to hold off the debates!? I mean what the!? Name me one other campaign in the history of the United States where this has happened! This didn't even happen during most of the major wars that America fought! McCain is already looking like a coward over this, so if he thought that this could give him some form of cover by making him look like a decisive leader he failed! What is going on!???

Kelvin Phillips @ 104:

May someone tell me what right President Bush has to ask either canidate to hold off the debates!? I mean what the!? Name me one other campaign in the history of the United States where this has happened! This didn't even happen during most of the major wars that America fought! McCain is already looking like a coward over this, so if he thought that this could give him some form of cover by making him look like a decisive leader he failed! What is going on!???

George Bush has not acted like a President since he took office. You're expecting him to act like one now?

The man just says whatever his keepers tell him to say. He's as brain dead as McCain is. The only difference is that GW has always been brain dead.

"All the perplexities, confusion and distress in America arise, not from defects in their Constitution, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation."

- John Adams
.

Vote AGAINST anyone who votes for this crap bailout
The US Congress has abdicated its role as a governing body.

Congress refuses to stop the music and let some BAD DANCERS end up without chairs.

Am not providing links, since the system blocks me once I do - even with 1 or 2.

MrBigDog2U @ 7:

Obama should go to the meeting and, when it's finally over, come out, face the cameras and say "Well, THAT was pointless."

He is NOT specific at all, and has not much choice at this juncture, f***d royally by his own corrupt IDIOT Dems. Whatever is being released means that dems shook hands with repigs, told us to BEND OVER again, and more. Since they do NOT curb the (un-)regulatory CRIMES, an ABSOLUTE CONDITION to change anything, this is major toss of OUR money into bottomless pit. Just postponing a MUCH WORSE CRISIS by a few months, by which the criminals of the current administration will be off the hook. There is no info by now how much hay is released now - all of 700, or less.

This PAYOLA means our income taxes will have to be DOUBLED !!! Interestingly, dems gloat there is NO decision to RAISE TAXES now, but, it is OPEN for the future. Rejoice !
.

China banks told to halt lending to US banks-SCMP
Wed Sep 24, 2008 9:52pm EDT
BEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries. """ cont ..
.

Bailout Could Deepen Crisis, CBO Chief Says
Asset Sales May Lead to Write-Downs, Insolvencies, Orszag Tells Congress
By Frank Ahrens
Washington Post Staff Writer
Thursday, September 25, 2008; D04
The director of the Congressional Budget Office said yesterday that the proposed Wall Street bailout could actually worsen the current financial crisis.
During testimony before the House Budget Committee, Peter R. Orszag -- Congress's top bookkeeper -- said the bailout could expose the way companies are stowing toxic assets on their books, leading to greater problems. ...cont..

.

Karl Denninger's letter to lawmakers.
letter to Senators Sept 21, 2008
Read ALL 6 pages - Page 4: what to DO

.

The article below re: Swedish crisis gives excellent comparison, many NUMBERS - it’s CLEAR that tough stand by GOVT pushed the banks to clean up THEMSELVES, mindfull that govt receivership would be TOUGHER. Our politicos are CORRUPT IDIOTS thinking we ALL are idiots, that can be taken for a FINAL RIDE TO HELL paying for fat cats orgy on the corpse of America..

The petiton AGAINST BAILOUT (in another C&L tread) is signed by 166 TOP US economists - there are more than 300 by today! RARE consensus !!! KEEP CALLING YOUR REPS in CAPITOL !! even toll-free numbers are screwed up, and once you get through on a pay line, the chirping 'assistants' chirp you through.

.

NYT:Stopping a Financial Crisis, the Swedish Way

By CARTER DOUGHERTY
Published: September 22, 2008

A banking system in crisis after the collapse of a housing bubble. An economy hemorrhaging jobs. A market-oriented government struggling to stem the panic. Sound familiar?

It does to Sweden. The country was so far in the hole in 1992 — after years of imprudent regulation, short-sighted economic policy and the end of its property boom — that its banking system was, for all practical purposes, insolvent.

But Sweden took a different course than the one now being proposed by the United States Treasury. And Swedish officials say there are lessons from their own nightmare that Washington may be missing.

Sweden did not just bail out its financial institutions by having the government take over the bad debts. It extracted pounds of flesh from bank shareholders before writing checks. Banks had to write down losses and issue warrants to the government.

That strategy held banks responsible and turned the government into an owner. When distressed assets were sold, the profits flowed to taxpayers, and the government was able to recoup more money later by selling its shares in the companies as well.

…cont …

..Standing shoulder-to-shoulder with the opposition center-left, Mr. Bildt’s conservative government announced that the Swedish state would guarantee all bank deposits and creditors of the nation’s 114 banks. Sweden formed a new agency to supervise institutions that needed recapitalization, and another that sold off the assets, mainly real estate, that the banks held as collateral.

Sweden told its banks to write down their losses promptly before coming to the state for recapitalization. Facing its own problem later in the decade, Japan made the mistake of dragging this process out, delaying a solution for years.

Then came the imperative to bleed shareholders first. ….. there would be no sacred cows……

“For every krona we put into the bank, we wanted the same influence,” Mr. Lundgren said. “That ensured that we did not have to go into certain banks at all.”

…cont ..

By the end of the crisis, the Swedish government had seized a vast portion of the banking sector, and the agency had mostly fulfilled its hard-nosed mandate to drain share capital before injecting cash. When markets stabilized, the Swedish state then reaped the benefits by taking the banks public again.

… The politics of Sweden’s crisis management were similarly tough-minded, though much quieter.

Soon after the plan was announced, the Swedish government found that international confidence returned more quickly than expected, easing pressure on its currency and bringing money back into the country.

…cont…

As part of the bail out package, there will be givebacks to the public.

Downtown Manhattan call girls will be offering $10 handjobs to back office staff between the hours of 3 and 4AM, on weekdays.

It's all here, just how to panic the people to get what you want:

http://www.youtube.com/watch?v=EcZSh1diQRQ

Why is his speach on tv last night not called the terrorism that it was? Was he not using fear to promote his political agenda? Does anyone who calls themself a politician have a fucking spine or true care for the future of this Republic?

I'm sure KO will have a special comment on this tonight. Too bad I don't get MSNBC on campus ;'(

Taxation without representation all over again. :(

... Obama and McCain will meet with Bush at the White House. ...

you just KNOW, well, i'm gonna guess, that mcCON will already have been in the room,
and barack will be the first out... "that's all, boy..."

Bit NOLA @ 8:

Capitulation,

And in record time.

Way to go Barney.

94% of the American People do not want this bail out. Looks like they are getting it whether they like it or not, as usual. If and when it is signed off the real BS will start and the shovelling of cash will not stop. 700 Billion now, oops, we need more and more. Some insurance companies according to CNN will not be able to cover the damage made by hurricane Ike. Watch them line up for your cash. They will be coming out of woodwork. The American People do not deserve this shit whether they voted for the Chimp or not.

River Troll @ 121:

According to Forbes.com from Tuesday, the $700 Billion price tag pulled from someone's butt:

"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."

Why wasn't this Question No. 1 from each Senator in the hearings on Wednesday?

Why wasn't this 48-point bold headlines on every newspaper?

Schumer asked why not 150 Billion and more if needed.

Let Warren Buffett Manage the Financial Bailout
Congress is rightly concerned about how and who will manage the bailout. There is no doubt that banks should not be given blank checks at arbitrary pricing for their toxic assets. Also, the Senior Executives of banks benefiting from the bailout must also agree to forgo bonuses for a number of years.

The markets need a quick positive signal from Congress, delays could bring down the entire financial world. Congress should pass a simple bailout package without getting bogged down into the hows and whys. They should request Warren Buffett to manage the entire bailout package. He is the shrewdest investor and will drive hard bargains with banks before giving them a dime. Let him impose conditions as he deems fit. He is already of the opinion that bankers will have to give up bonuses for a while.

Going by Warren's track record, an investment of $700 billion of tax payers money will probably come back to the treasury as $1 trillion. All he needs is a handful of good people to help him manage this.

Nick @ 125:

The looting of America is complete. Reminds me of the Grinch that stole Christmas, where he packs every Christmas ornament up then come back for one tiny bauble he missed? Except in this case it's ONE BIG BAUBLE. But now it's finished. America has stooped to being a beggar, the middle class is fleeced, and a tiny percent lives on in wealth and splendor. Biggest fucking suckers in the world.

There is one last fuck over after the bail out. They will steal the election. Thats why they do not like such a big spread in the points. Too big a spread with Obama on top just before voting begins and the American People will smell a rat.

HDon @ 88:

Bourbon Street never got a bail out.

would that be bc Big Daddy's not a fat cat ?? The legs in a swing pretty shapely, supposedly were swinging all thru the tragedy going on around.. Luckily Bourbon (and Big Daddy's) were not flooded really, becoming an island in the center of the French Quarter; candlelights = 'romantic' - and, most of Bourbon not on Wall Street or evangelical fundies preferred lists. Never mind the little people who were floating face down.

Congress just gave a no bid contract to the Federal Reserve Bank! (a privately owned entity)

Obama is making the biggest mistake by not speaking up on this issue.

Is he for main street or wall street? Passive will not work.

Sun Wukong is just killing time to thwart the debate.

milquetoast @ 133:

Andy K @ 131:

You're waaaaaaaaaaaaay off on this one.

There's going to be legislation passed with HUGE bi-partisan support in both the House and Senate that will barely resemble the Bush/Paulson plan. Bush might try to veto it, but Congress will override the veto.

I am aware that it passed with huge bi-partisan support, just like the patriot act, the decision to invade Iraq, the homegrown terror prevention act, immunity for telecoms, and all the other constitutional violations by Republicans and Democrats. The list of traitorous democrats is very long indeed! ...(isnt it?)
Andy K @ 131:

And that's why there is no deadlock.

There is no deadlock because Barney Frank and many others in congress are 2 bit prostitutes and big banks are the STD infected solicitors.

I guess you think free money for the big banks is OK? (as long as there is huge bi-partisan support huh?)

90% of Americans dont want this are you a "10 percenter" or what?

There is no deadlock because the Congress, who would be hung if it really came out how complicit they have been in all this -- and all too willing to take campaign contributions from these same bankster fraudsters -- and how they have been systematically working against the interests of the American people.

This is a power play to take over what is left of America and the previously rolled out police state grid will be used to crush any and all dissent. And guess what: the economy will still collapse in the end because as Herbert Hoover proved, you can't keep inflating asset prices forever. Eventually there is nothing left to inflate with.

The American people, unlike their ancestors who experienced the last great economic collapse, are not ready at all for what is coming. Better get yourself good with God in a hurry.

Andy K @ 135:

milquetoast @ 133:

90% of Americans dont want this are you a "10 percenter" or what?

"10 percenter", huh? Nice, half-cocked reaction there.

It's very easy to say we should let Wall Street and the banks hang by themselves, but all of our necks are in the noose right now, milquetoast.

I might have been half cocked but my shot was dead on!!! (you are looking for a bailout too arent you!)

Bullzeye!!! (you are a 10 percenter!!!

(sorry about that investment potfolio of yours) I would recommend cashing in now, and buy gold. ...or re-invest it in defense contractor stocks. Halliburton, Raytheon, ect...ect...

If the tab is for the full $700 Billion that Paulson demanded, as well as His/NeoCon requirement that there be no Judicial or Legislative oversight, then the American Middle Class is finished. The funds will go to irresponsible Wall Street investment bankers who will take their fat golden parachutes and bail out for "anywhere but the USA" as the economy still circles the drain.

I wouldn't trust ANY member of the Bush Crime Family with the Taxpayers' money/debt. Consider their history:

(1) The Cheney/Enron Energy plan (think about the rape of California electricity users 1999/2000/2001), being globalized by the PNAC document, target: Iraq;

(2) The Cheney/Bush misappropriation of $750 Million earmarked by Congress for the battle against the Taliban and al Queda in Afghanistan, illegally diverted to the run-up to the preemptive voluntary invasion of oil-rich Iraq;

(3) The Cheney/Bush/Brenner Provisional Iraqi Government, which not only fired all Iraqi policemen, soldiers, judges, teachers, and government employees, but also managed to lose (without a trace) $8 Billion still stacked on pallets in some Coalition-controlled warehouse;

(4) The Cheney/Bush/Brown(ie) "Keystone Kops" approach to the FEMA rescue and reconstruction on the Gulf Coast and New Orleans after Hurricane Katrina;

(5) The Cheney/Bush/Rumsfeld mismanagement of that "voluntary preemptive" invasion and occupation of Iraq, (which was going to be paid for by the grateful Iraqis' oil wealth); AND

(6) The Cheney/Bush/Pentagon program of the diversion of funds earmarked by the Congress for the war^H^H^Hoccupation of Iraq to be used for nearly universal domestic spying AND pro-war^H^H^Hoccupation propaganda directed at domestic critics using MSM.

It's pretty safe to say that not only has the NeoCon vision of the unitary American superpower spelled out in their PNAC playbook has failed, but the New American Century is really the swan song of American economic power. Soon, every foreign lender will be pounding at the US Treasury's doors for their money back, and the only two choices the NeoCons will have left the American people is (1) a fire sale of domestic American assets, OR (2) nationalizing all remaining American industry and telling our overseas creditors to "go whistle!". The only thing that the NeoCons have succeeded in doing is "draining the swamp" that was the last vestiges of FDR's New Deal socialism, along with Social Security, Medicare, Medicaid, and the Eisenhower Military/Industrial/Congressional Complex.

This country is flat busted! Period.