Bailout Roll Call [House]
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Bailout Roll Call [House]
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Too long, didn’t read.
We have met the enemy and it is us
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?
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.
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
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
??????????????????????????????????????????????????????????????????????????????????/
@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.
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
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
No. 6, what “other purposes”? Btw, where did you get this?
posted the wrong bill?
@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.
@11- no, this is it…check the votes, they match up…cant explain the title (idiots at congress?)
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)
#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.
@1 that’s gettin realllllllly old.
@16 Where the hell is Mayo and Sham-wow?
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
@5. I’ll get you a job on Wall Street. ***zip***
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
an easier way to search those who furthered the destruction of our economy.
http://spreadsheets.google.com/ccc?hl=en&key=pApPz05jDYTSx21k2R1HNDQ#
Please, not an occasion to post bad blank verse.
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?
no way dude. this website for bankers supports the bailouts.
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?
why would anyone who works in the industry be against, either last week or this?
why would anyone who works in the industry be against, either last week or this?
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.
28 – quantify the discount. Thought so.
@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.
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.”