Keating 5!

Btw, What leadership?

McCain called charge and their credit was turned down. NOT QUALIFIED.

Fed went ahead and pumped 630m in anyway -

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=w...

McCain called charge and it was exclusively cash and carry.

mcfuckhead has to suspend his campaign
because he can't find palin to change
his depends. so, now those very depends
are full of three days of shadobies.

You know, we're talking a lot about the bill, but I haven't actually seen that bill. Where is it, so I can peruse it?

You folks are implying that this bill was necessary and important, but I haven't seen the DETAILS of that bill.

Seven hundred billion dollars... and no one really knows what's going on.

McDummy just added to the mess. Just say NO to wallstreet, take your profits and save yourself, like.....sell 1 of your 7 houses? Hey Tweety,where have you been the last 7.9 years? Go and blabber no more.

Just one more example of John McCain acting before thinking things through. Not a good characteristic for someone running for president.

Bailout failed because it's a lousy idea.

This is so painfully ironic to watch. The Democrats get behind a bill that Bush is anxious to sign and the Republicans head out for lunch. I stand by my previous assessment. The Republicans have lost this election. They know it and the bigger the flaming bags of turds they leave on Obama's doorstep the better they'll like it.

Why can't the multi-billionaires at the top 1% (who own everything and everyone) dip into their bank accounts and fork over some $$$?

Don't they love America?

Kevin @ 12:

"Bailout failed because McCain’s leadership failed"?

what nonsense. he was almost totally on the sidelines. other than getting all flustered, and pretending to stop his campaign (oh, but the ads didn't stop), what did McSame do? Nada.

That's what you get when you try to take credit for something you assume is going succeed.

The McCain campaign is crashing and burning. Barring the 23 percenters and the bigots, we'll be seeing President-elect Obama on November 5.

The problem isn't just on wall street, it is in retirement funds, mutual funds other instruments which invested in the bogus, misrated mortgage derivatives.

That will affect a lot of people, including many seniors who are depending on these retirement funds - and people who are planning on retiring.

What happened to Enron employees who were getting ready to retire and their entire retirement imploded? Every penny they had saved -- and forced to invest in Enron stock, gone virtually overnight.

Yes, this sucks big time. But it is hardly only Wall Street who is getting benefits.

I would like to see much more for people in their mortgages. A plan for converting solid mortgages to fixed rate, getting people out of those resetting APR's. A stay of foreclosures. None of that was in what I read (I have not yet read all 110 pages of the bill).

Some of it was good, some not so good...but I have only gotten through the first 15 pages thus far.

I'd like to think the plan failed to pass because Paulson demanded $700 billion to spend without oversight, without explaining how he was going to spend it, what aspect of the clusterf*ck he was going to target, or how it was going to help. Didn't really make it easy to get behind. Oh, and how about the Treasury people taking a conference call with financial industry people basically assuring them that they had workarounds for all the "oversight" and "accountability" that the Dems had supposedly bargained for?

Tweety just played Palin's "bailout = healthcare" quote back to back with Tina Fey's impression. Is this happening on other channels? I hope it is... people need to know that it was (mostly) an actual quote!

MsJoanne @ 14:

James @ 11:

You know, we're talking a lot about the bill, but I haven't actually seen that bill. Where is it, so I can peruse it?

You folks are implying that this bill was necessary and important, but I haven't seen the DETAILS of that bill.

Seven hundred billion dollars... and no one really knows what's going on.

Full text...

http://www.latimes.com/media/acrobat/2008-09/42631254.pdf

Hi MsJoanne. Perhaps you can help me here. I consider you to know what you're talking about so maybe(if you would) you could link me to the real causes of this debacle called our economy. Phil Grahams contribution for example.
I read and hear so much, it gets confusing. So if you would be so kind, could you point me in the right direction?
I think this all stems back to 94. Maybe further.

It was a gop stunt for the election.

They did it anyway:

Fed Pumps Further $630 Billion Into Financial System:

http://www.huffingtonpost.com/2008/09/29/fed-pumps-further-630-bil_n_130...

CNN is pushing the Repugnant talking point of blaming Pelosi for the failure of the bill.
Seems she made speech which exposed McCunt's sabotage attempt at derailing the original agreement so that he could then emerge as the great uniter; except now the Repugs are climbing onboard the 'Faux Populist' bandwagon claiming that they must 'protect' the taxpayer from having to pay for those 'evildoers' on Wallstreet.

Obama and Biden need to hammer McCain and the Republicans on their failure to push this bill through. McCain looks totally incompetent given his actions last week. But who knows; maybe Sarah can spin this to their advantage.............ha, ha.

A 7% drop in the Dow may be only the beginning if something isn't done soon.

First of all, when McCain had his shot at his celebrity themed get together with Bush in the Office etc... HE DIDN"T HAVE SHIT TO SAY. Obama put forth his ideas and plans and waited and asked if McCain had anything to add to the meeting and McCain deferred to the Republican leaders or something.

HE is a Fucking JOke.

getalife--

I completely agree, it's a stunt.

"If you want some madman running around like his hair is on fire every time there's a 'crisis' then McCain is your man."

This is exactly what McCain wanted. He wanted to be seen as taking a leadership position but he doesn't really want to be associated with the bailout because it unpopular with voters. It's classic McCain. Say one thing, do the opposite.

Little McCain will say,

"You know I face some tougher challenges than this. I was a Vietnam POW. Back then you will have to be believe in your resolve to get through the mess you are in, you have to be impartial to reality. I know the American people have to resolve and discipline to get through this crisis, they should ignore their own reality and substitute mine. After all, I am a maverick and a Vietnam POW. I know what I am talking about. So the elitist and highly educated liberal media should back off the American people, listen to my voice and my message, that's the reality for you."

The DOW is still above 10,000. If it were that dire they would have passed something by now.

Bush:I knew that if I scared'em one more time a could get'em to give me that money Dick.
Cheney: WHAAAA WHAAAA where is my glass of blood? Yeah your right W. What was that bet again? oh yeah, here ya go.....$1.00

.

Q U E S T I O N:

Where's the outrage at the Dems that caved to political pressure by the Administration and actually voted to socialize CEO's profits?

.

andy @ 5:

Fed went ahead and pumped 630m in anyway -

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide

so does this mean Wall Street doesn't now need the $700 billion we were supposed to be giving them? (hoping, here). Or does this mean they just did it without running it by and through Congress?

somebody got some 'splainin' to do

www.moravings.blogspot.com

Interesting note on the vote in the house, those who are in a close race voted no by a large margin, reps and dems alike. This tells me that the people back home dont like this bailout at all, IMHO im with them, why should we give money to people that have proven that they cant be trusted? The chicken little chirping about the failure of the US economy is BS, the banks have a lot of cash to lend, just ask JP Morgan that bought WaMu, they are just holding on to it to force Washington to pay up for the losses that they have incurred. Have you heard of ANY of the CEOs that run these companies file for bankruptcy? They still have cash, they just dont want to spend any of theirs, they want to spend ours on high risk options.

BTW Watching McCain during this "crisis" and his posistion on what to do, is like watching a ferret on speed trying find the food in the corner in a round room.

McCain appears to suffer from premature proclamation. 

He also proclaimed he had won the debate before it ever began.  Remember that ad that ran?

Now only days later he makes another proclamation of a win before the vote was taken.

Maybe he needs to see  a physician about this problem.

Obama needs to drive home the fact that this bill failed because George W Bush has zero creditability with the American public, why do you think the House of Representatives got flooded with calls against this? The real reason is a basic lack of trust in this administration.

GWB is the boy who cried wolf one too many times.

MsJoanne @ 50:

mudshark @ 33:

MsJoanne @ 14:

James @ 11:

Full text...

http://www.latimes.com/media/acrobat/2008-09/42631254.pdf

Hi MsJoanne. Perhaps you can help me here. I consider you to know what you're talking about so maybe(if you would) you could link me to the real causes of this debacle called our economy. Phil Grahams contribution for example.
I read and hear so much, it gets confusing. So if you would be so kind, could you point me in the right direction?
I think this all stems back to 94. Maybe further.

If only it was that easy.

I think it started with Reagan and his cause of deregulation. You cannot deregulate some things (take Ron Paul who feels that there should be no oversight in anything, ever). Regulation is required in some respects.

Then there was the Gramm-Leach-Bliley "Financial Modernization Act" which was three Republicans who deregulated everything that was put into place after the Great Depression to keep it from ever happening again. Thus far, what is happening here is a too close for comfort repeat of what happened in the 20's - only with different instruments, and stuff.

Clinton let that Fin Mod Act get through, which totally blew. I have read that it got put in something at a late hour, I don't know if that's true, no matter what, it never should have been signed into law. Period.

Then you had Bush, via his HUD Secretary Jackson (remember him, the guy who spent tens of thousands of dollars on pics of himself and Bush, who got taken out of his position for, what else, ethics concerns) who mandated that everyone gets a mortgage.

Then you have the greedy fuckers who took advantage of ignorant and greedy people (ignorant in that they were told, You don't need a lawyer to look over your docs, just sign here - and they did, or ignorant in trusting people, or ignorant in not knowing or understanding what they were getting into, and greedy who purposely thought they could afford that McMansion but couldn't and shouldn't have ever gotten a loan. I read stories of people who were especially taken advantage of, especially seniors, who just got screwed every which way but Sunday. And then ther was the greedy fuckers who were getting $10k for each mortgage they closed with no proof of people's ability to pay, or proof of jobs even.)

Then let's add the greedy fuckers who bundled these mortgages to be sold as assets. Normally, a mortgage would be a very solid investment, for each mortgage, if paid as stated will bring in 2x its value over 30 years, but when bundled and rated (AAA = great, BBB = pretty ok, CCC = sucks) as AAA when they should have gotten more BBB or CCC ratings, people (companies, retirement funds, money markets, IRAs, what have you) bought these bundled mortgages as safe, conservative investments, when they were anything but.

Too much blame to go around to a bunch of people. IMHO, deregulation was key. Key in no oversight of these instruments and oversight in funding mortgages, and oversight in wild greed by everyone who was on the lending side.

Hope that helped.

Yep, sure did. Thank You. That's pretty much what I suspected.
I guess this is what Billy gets(and us) for being bipartisan and being willing to work with the pugs.

Here's how we roll in the USofA, welfare-wise:

If you need a break, but have no power, and so do not/cannot get it, then you don't and didn't deserve it. If you'd only worked a little harder, saved a little more, drunk a little less...

BUT:
If you need a break, and have powerful friends, you'll eventually get it. Didn't get the $700BILLION bail-out? Well, here's $600Billion to tide you over, cuz you're successful, and therefore deserving. You have all the right phone numbers...

neither party wants the 'bailout' something is going to pass
though because the credit market is frozen right now.
mccain supported the bailout when it went into a vote so
he says..he's trying to show some strength/knowledge
about the economy.

How can you lead on a matter that you know nothing about?

James @ 11:

You know, we're talking a lot about the bill, but I haven't actually seen that bill. Where is it, so I can peruse it?

You folks are implying that this bill was necessary and important, but I haven't seen the DETAILS of that bill.

Seven hundred billion dollars... and no one really knows what's going on.

http://www.politico.com/pdf/PPM110_rescuepackage_bill.pdf

[Deleted. Off topic. Geoff, you can voice your dissent from the popular opinion here, but not on this thread. You can post it on the Malkin thread from earlier in the day OR on the Open Thread- posting the identical comment on more than one thread is considered spamming. thank you. Site Monitor]

Abbybwood @ 72:

Here's the break down of the vote:

http://clerk.house.gov/evs/2008/roll674.xml

this is the third time I have seen this link. IT MAKES NO SENSE! Look at the information on the page:

FINAL VOTE RESULTS FOR ROLL CALL 674
(Democrats in roman; Republicans in italic; Independents underlined)

H R 3997 RECORDED VOTE 29-Sep-2008 2:07 PM
QUESTION: On Concurring in Senate Amendment With An Amendment
BILL TITLE: To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes

Ayes Noes PRES NV
Democratic 140 95
Republican 65 133 1
Independent
TOTALS 205 228 1

How does this relate to the bailout bill???

From the very beginning this thing was presented terribly. If you are trying to sell a car, you don't approach the customer and say, You must buy this car so my big shot boss can take a world cruise. If you don't buy this car you will lose your job, you home and your financial ability to do anything. You must buy this car right here and right now. It costs more than you can imagine but you must buy it. Just hand me the cash and trust me to give it to my boss whenever I please.

They should have presented their request with the positives it would have for the country, not all the dire negatives.

Matt @ 18:

Why are Democrats such bailout bitches?

I think that it is because many working people will lose their pensions unless there is some kind of bailout.

That is a real problem.

But the CEOs still want to keep their platinum parachutes for the service of imploding their businesses.

They want a big bailout with no oversite and the usual executive perks.

Nobody wins in this situation but the execs want more of the same.

Geoff @ 73:

[Deleted. Off topic. Geoff, you can voice your dissent from the popular opinion here, but not on this thread. You can post it on the Malkin thread from earlier in the day OR on the Open Thread- posting the identical comment on more than one thread is considered spamming. thank you. Site Monitor]

[Deleted. Abusive. Please keep it a tad more civil, MsJoanne. Thank you. Site Monitor]

BobbyFlav @ 17:

Bailout failed because it's a lousy idea.

THIS

Matt @ 18:

Why are Democrats such bailout bitches?

I have to quote my friend, Bryce, here--never forget:

Republicans are evil.
Democrats are retarded.

(with apologies to all mentally-challenged people for not being anti-pc)

(Deleted, Spam. SiteMonitor)

1. Between the Couric/Palin interview
2. Chris Matthews saying "McCain's leadership failed"
3. McCain trying to call off the debate...

This has not been a good week for his campaign. At least now the expectations are low for Palin and the debate on Thursday.