Bailout Roll Call [House]
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Posted by guest , Sep 29, 2008 6:10PM
Too long, didn't read.
Posted by guest , Sep 29, 2008 6:11PM
We have met the enemy and it is us
Posted by mycoldcheese , Sep 29, 2008 6:15PM
was there any consideration for the bailout plan to work from the bottom up? subsidized payments at the homeowners level to create a backstop for these securities at the root of all the trouble. if congress won't pass a bailout for wall st, how about a bailout the american home owner?
Posted by guest , Sep 29, 2008 6:16PM
I can't wait until Paychex fails because the credit markets are so bad they can't pay people. Then we will see how Main St. feels about the bailout.
Posted by guest , Sep 29, 2008 6:17PM
We're studying this in our classes...fat lot of good it does us..
I don't know that I'll ever get a job on Wall St. now...because IT WON"T EXIST....
--WhartonChick
Posted by guest , Sep 29, 2008 6:17PM
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
??????????????????????????????????????????????????????????????????????????????????/
Posted by guest , Sep 29, 2008 6:20PM
@4 Explain to me how lending money to the bankers who caused the credit problem will solve the problem. At this point, the Fed should just lend directly to the taxpayers and skip the intermediary bankers who are just greedy middlemen.
Posted by guest , Sep 29, 2008 6:23PM
Weve taken too much for granted
And all the time it had grown
From techno seeds we first planted
Evolved a mind of its own
Marching in the streets
Dragging iron feet
Laser beaming hearts
Ripping men apart
From off Ive seen my perfection
Where we could do as we please
In secrecy this infection
Was spreading like a disease
Hiding underground
Knowing wed be found
Fearing for our lives
Reaped by robots scythes
Metal gods
Machines are taking all over
With mankind in their command
In time theyd like to discover
How they can make their demand
Better be the slaves
To their wicked ways
But meeting with our death
Engulfed in molten breath
Posted by guest , Sep 29, 2008 6:24PM
This is to blame...
Banking on illegal immigrants
Banks are seeing an untapped resource in providing home loans to undocumented U.S. residents
August 8, 2005: 3:39 PM EDT
By Shaheen Pasha, CNN/Money staff writer
NEW YORK (CNN/Money) - The banking industry is opening its doors to a controversial new market: illegal immigrants.
Despite heated political debate in Washington over illegal immigration in the United States, an increasing number of banks are seeing an untapped resource for growing their own revenue stream and contend that providing undocumented residents with mortgages will help revitalize local communities.
It's a win-win situation, they say.
http://money.cnn.com/2005/08/08/news/economy/illegal_immigrants/index.htm
Posted by guest , Sep 29, 2008 6:24PM
No. 6, what "other purposes"? Btw, where did you get this?
Posted by guest , Sep 29, 2008 6:24PM
posted the wrong bill?
Posted by mycoldcheese , Sep 29, 2008 6:25PM
@7 that's my point exactly, $700B to the banks just delays the inevitable price reveal of the assets whereas that money funded to the taxpayer makes good the assets at least partially.
Posted by guest , Sep 29, 2008 6:29PM
@11- no, this is it...check the votes, they match up...cant explain the title (idiots at congress?)
Posted by guest , Sep 29, 2008 6:42PM
nope, it's the correct one (wapo cites it as well: http://voices.washingtonpost.com/thefix/2008/09/the_failure_of_the_financial.html?hpid=topnews)
Posted by guest , Sep 29, 2008 6:45PM
#5
"I don't know that I'll ever get a job on Wall St. now...because IT WON"T EXIST...."
Awwwww, poor baby. Sorry honey, but Daddy's holding back your allowance for now because you (and people like you) don't know how to spend it properly.
Don't worry, Daddy will think about things and get back to you on Thursday.
Posted by guest , Sep 29, 2008 6:46PM
@1 that's gettin realllllllly old.
Posted by guest , Sep 29, 2008 7:24PM
@16 Where the hell is Mayo and Sham-wow?
Posted by hedgehog , Sep 29, 2008 8:23PM
bess-- you are going to have the secret service up your ass for this post. not that i wouldn't pay obscene amounts of money to see that happen, but i thought you should be prepared
Posted by guest , Sep 29, 2008 9:15PM
@5. I'll get you a job on Wall Street. ***zip***
Posted by guest , Sep 29, 2008 9:24PM
some of the genius behind this not passing. good luck to the father of 4 when he can't feed his family. I'm sure you'll see the ghost of tom joad...soon.
http://online.wsj.com/article/SB122273395169288417.html
Posted by guest , Sep 29, 2008 9:36PM
an easier way to search those who furthered the destruction of our economy.
http://spreadsheets.google.com/ccc?hl=en&key=pApPz05jDYTSx21k2R1HNDQ#
Posted by guest , Sep 29, 2008 9:39PM
Please, not an occasion to post bad blank verse.
Posted by guest , Sep 29, 2008 10:05PM
blank verse? come on, this stuff RHYMES.
Weve taken too much for granted
And all the time it had grown
From techno seeds we first planted
Evolved a mind of its own
wow, I just re-read that & it really is horrible. is this some kind of a viral campaign for the Sarah Connor Chronicles?
Posted by guest , Sep 29, 2008 10:14PM
no way dude. this website for bankers supports the bailouts.
Posted by guest , Sep 29, 2008 10:20PM
You guys are a bunch of meandering pussies. I've never seen such backbone-less bunch of pussies as Americans as they act now.
Last week, most (95%) of you were against. Now, after seeing the Dow drop 700 points, almost half of you are for this bill.
Backbone? Integrity? Belief in your beliefs?
Posted by guest , Sep 29, 2008 10:22PM
why would anyone who works in the industry be against, either last week or this?
Posted by guest , Sep 29, 2008 10:22PM
why would anyone who works in the industry be against, either last week or this?
Posted by guest , Sep 29, 2008 10:26PM
the only people who are against are the ones that dont understand it. Which is not anyone that works in the industry. Its simple bond math - Treasurys gonna buy stuff at a big discount which will result in a very good yield, which will in turn provide a good carry for the life of the thing and eventually leave a good cushion against any losses that will have to be recognized. And in the meantime, the economy sputters a lot less, generating tax revenue. Win win. But raise the bailout for fat cats idea and all rational thought goes out the window.
Posted by guest , Sep 29, 2008 11:52PM
28 - quantify the discount. Thought so.
Posted by guest , Sep 30, 2008 1:17AM
@25 That WS supports the bill is kind of a given. I think you're confusing constructive criticism of the plan for opposition of the plan.
Posted by guest , Sep 30, 2008 6:01AM
Cue the elitist condescension to anyone who doesn't support this bill. It was the same condescension to anyone who questioned many of these derivatives (CDS on CDO's?). "You just dont understand it."