Voting On The Bailout: Let's Try This One More Time

siren.gif8:18: They're voting on the Amtrak and rail safety bill now. Lame.

8:28: Now they're debating the "U.S.-India Nuclear Agreement."

8:37: CNBC is showing us footage of McCain's car pulling up to the building. Also: a former "massage parlor-king" says he can ease political tension in Thailand.

8:39: They're taking roll, just got through the k's. Wouldn't that be wild if Kennedy came out for this one?

8:44: CNBC commentator from the CATO Institute says, "We're getting raped." I missed everything else, but I think he's against the bill.

8:46: I'm getting pretty bored here so I'm just going to say it: Senator Akaka.

8:50: Senator Judd Gregg (R-NH): "This would be a major mistake not to pass."

8:52: Senator Harry Reid (D-NV): Is giving what sounds like a speech at someone's retirement party. In this case it's David something's retirement party. "David has been party of our Senate family for 31 years." "He is a wonderful person." "He is part of our extended family."

8:54: Senator Mitch McConnell (R-KY) is also talking about "David." I seriously think they're about to cut a cake.

9:06: They're voting.

9:09:: Stupid ass counter is not up to speed. So far:
13 v 4, Y v N

9:11: 30 v 4, Y v N

9:12: 40 v 13, Y v N

9:13: 40 v 15, Y v N

9:16: 56 v 18, Y v N (can't believe Feingold voted Nay.)

9:17: 65 v 21, Y v N

9:18: 74 v 25, Y v N (who didn't vote? Kennedy?).

PASSED. I feel like I should go buy a wooden bow and arrow.

Comments

1

Posted by guest, Oct 01, 2008 8:21PM

first!

2

Posted by guest, Oct 01, 2008 8:35PM

New Zealand!

3

Posted by guest, Oct 01, 2008 8:36PM

pelosi is evil incarnate

4

Posted by guest, Oct 01, 2008 8:44PM

I can't believe I'm watching CSPAN... what has this world come to?

5

Posted by guest, Oct 01, 2008 8:45PM

I'm double fisting cspan and cnbc right now

6

Posted by guest, Oct 01, 2008 8:50PM

I just touched my girlfriend with my balls

7

Posted by Mr Jones, Oct 01, 2008 8:51PM

Sen. Bernie Sanders talking about the 10% tax on > $500k incomes...."I ask for a yes vote."

F U Bernie

8

Posted by Mr Jones, Oct 01, 2008 8:52PM

"The no's have it!"

9

Posted by guest, Oct 01, 2008 8:53PM

I just accidentally the whole fleshlight!

10

Posted by guest, Oct 01, 2008 8:55PM

I'm going to miss David Tinsley, whoever the fuck he is.

11

Posted by guest, Oct 01, 2008 8:56PM

David Tinsley is the greatest man ever to draw breath.

12

Posted by guest, Oct 01, 2008 8:57PM

Thank god Harry Reid just saved the economy with that speech! Now we can get back to earmarks!

13

Posted by guest, Oct 01, 2008 8:57PM

Tinsley for President!

14

Posted by Mr Jones, Oct 01, 2008 8:58PM

Seriously, was Reid talking about the Senate cook? I thouht he said cook.

15

Posted by guest, Oct 01, 2008 8:59PM

Bess you going to go cold turkey on Yom Kippur? - No posting for the whole day?

16

Posted by guest, Oct 01, 2008 9:02PM

Who is this man from Henderson that Reid is talking about? Is he getting the full $700 billion? That's bullshit!

17

Posted by guest, Oct 01, 2008 9:03PM

you know times are tough when reid has to quote ralph waldo emerson.

18

Posted by guest, Oct 01, 2008 9:05PM

Last minute amendment. John Boehner has to be a butler for every Senator for a day.

19

Posted by Mr Jones, Oct 01, 2008 9:05PM

I'm trying to keep it on CSPAN, but I'm having a tough time not flipping back to MSNBC's train-wreck Sarah Palin clips. Dear lord.

20

Posted by Anal_yst, Oct 01, 2008 9:06PM

can we talk about the important stuff, like who looked more bangable this evening, Becky or Melissa?

21

Posted by guest, Oct 01, 2008 9:07PM

how about the arrow industry pork in this bill? leisman reported it earlier.

22

Posted by RamblinWreck, Oct 01, 2008 9:07PM

Congress must have planned this all out: let the simpler bill fail, markets tank, draft bill with all kinds of extra shit in it, proceed to pass said full of shit bill because it took people's 401(k)s dropping a couple $1,000 in one day to make them understand that, yes, things are indeed bad.

23

Posted by cheesedog, Oct 01, 2008 9:08PM

Kudlow is an idiot blowhard. So is his guest in the mustard shirt. I want them to fight.

24

Posted by guest, Oct 01, 2008 9:08PM

Mr. Freeze. Mr. Freeze aye. Mr. Coffee. Mr. Coffee aye. Mr. Mister. Mr. Mister aye.

25

Posted by guest, Oct 01, 2008 9:09PM

Holy shit. Anyone else see Kudlow rip that Yale fuck a new asshole? Hilarious.

26

Posted by guest, Oct 01, 2008 9:09PM

Is there a Senator Brownbag? Did I catch that right?

27

Posted by guest, Oct 01, 2008 9:10PM

kudlow is going to have a heartattack on air.

28

Posted by guest, Oct 01, 2008 9:11PM

Think Kopell is going home to cry after the Kudlow attack.

29

Posted by guest, Oct 01, 2008 9:12PM

Ms. Landrieu. Ms. Landrieu, Bawk!

30

Posted by RamblinWreck, Oct 01, 2008 9:12PM

I'm going w/ 67-33 pass

31

Posted by cheesedog, Oct 01, 2008 9:12PM

Why do they have college professors on this network? They know nothing of the market. Everything they blab is theory and completely irrelevant to the real world. CNBC, no more college guys in horrible outfits.

32

Posted by Mr Jones, Oct 01, 2008 9:12PM

Does Mark Haynes ever go home. Does he just go out for a few martinis in the afternoon?

33

Posted by guest, Oct 01, 2008 9:13PM

Not voting in the election. both Obama and McCain voted for this abomination of a bill. What a sad disgrace for our country.

34

Posted by guest, Oct 01, 2008 9:14PM

@30 - ill take the over.

35

Posted by guest, Oct 01, 2008 9:14PM

@26 -- Sam Brownback.

36

Posted by Mr Jones, Oct 01, 2008 9:15PM

Did the announcer guy just keel over?

37

Posted by guest, Oct 01, 2008 9:18PM

wtf kinda alphabetical order is this?!

38

Posted by guest, Oct 01, 2008 9:18PM

Fuck you 33. Go back to Iowa and fucking your sister-wife

39

Posted by Mr Jones, Oct 01, 2008 9:20PM

They're voting on the amendment now, then they vote on the actual bill? I'm totally confused.

40

Posted by guest, Oct 01, 2008 9:20PM

Passed

41

Posted by guest, Oct 01, 2008 9:21PM

who didn't vote?!

42

Posted by guest, Oct 01, 2008 9:21PM

Thank God there are no jews in the sanate. That fucker congressman from MA can go fuck his yamika. Damn House of Pussies.

43

Posted by guest, Oct 01, 2008 9:22PM

looks like dealbreaker scooped drudge. the siren is not up yet.

44

Posted by guest, Oct 01, 2008 9:22PM

@39 - The "bill" is the Tax Code of 1986 so they aren't voting on that. The bailout was an amendment. Not sure why the double vote though.

45

Posted by Anal_yst, Oct 01, 2008 9:22PM

WTF is going on? High School student council meetings were more organized than this hoopla

46

Posted by guest, Oct 01, 2008 9:23PM

Mr. Fucking Retard Populist? Awe!

47

Posted by guest, Oct 01, 2008 9:23PM

@39 - maybe you are right. first vote for amendment, 2nd for bill w/ amendment.

-44

48

Posted by guest, Oct 01, 2008 9:24PM

I think Kennedy did not vote. I don't think he's there.

49

Posted by guest, Oct 01, 2008 9:24PM

CNBC is confused and isn't saying sh*t. Just go on c-span.org.

50

Posted by guest, Oct 01, 2008 9:25PM

I wish someone would just get up and blow a shofar at the end of the vote! Bring some levity to this shit show.

51

Posted by guest, Oct 01, 2008 9:25PM

it has NOT passed yet

52

Posted by AJ, Oct 01, 2008 9:25PM

"bitching" "can we say that" "well i just did"

amazing

53

Posted by cheesedog, Oct 01, 2008 9:26PM

Haines for President! He just said, "bitching".......get that man another martini.

54

Posted by guest, Oct 01, 2008 9:26PM

CSPAN has Kennedy as the no show

55

Posted by guest, Oct 01, 2008 9:26PM

back at ya 38, guess you are one of the crooked bankers who caused all of this on your crooked wall street.

56

Posted by guest, Oct 01, 2008 9:27PM

CSPAN:

Finance Bill Passes in the Senate
Today

The Senate approved the bill on the federal intervention in the financial markets by a vote of 74-25. Sen. McCain (R-AZ), Sen. Obama (D-IL), and Sen. Biden (D-DE) voted for the bill.

G

57

Posted by Anal_yst, Oct 01, 2008 9:27PM

How much yayo went around the CNBC studios today, just wondering, i'll put the o/u at around a key

58

Posted by guest, Oct 01, 2008 9:27PM

jk i get my news from CNBC which clearly doesnt know shit about politics

59

Posted by guest, Oct 01, 2008 9:30PM

Hey, got the link to the "who voted what" on http://tfpoi.com

60

Posted by guest, Oct 01, 2008 9:30PM

I'm guessing Brownback voted against?

61

Posted by StillNoCouch, Oct 01, 2008 9:33PM

Sh!t ... now I have to dump my options on Shotgun Shells and Canned Goods !

(I'm still sticking with my 'Buy' recommendation for the first company that comes up with High-Def Color Smart-Bomb cameras though ... that's the next emerging market!)

62

Posted by Anal_yst, Oct 01, 2008 9:36PM

@ 59 (aka Jay):

Promotion your blog "anonymously" in blog comments is not cool bro. Write something prescient, funny, or otherwise remotely entertaining and people will come by their own accord and/or link to you. Just a lil helpful hint mang, seriously chill on that though.

A few observations:

Why, in 2008, does there appear to be something like 3, 4 computers in the entire chamber?

Larry Kudlow: Wtf, no asshole collar today? GASP!!!

Seriously, Melissa Francis or Becky Quick? Both looked especially sexilicious this evening (you KNOW WB was glued to the tv).

63

Posted by guest, Oct 01, 2008 9:40PM

Question: Any thoughts on why the futures are now down 50 points?

64

Posted by guest, Oct 01, 2008 9:40PM

Yay for socialism.

65

Posted by guest, Oct 01, 2008 9:43PM

How much neck skin can one man have?!

66

Posted by guest, Oct 01, 2008 9:43PM

Who was the Yale Prof that Kudlow ripped on before the vote??

67

Posted by guest, Oct 01, 2008 9:44PM

Here's a refresher for you bitches!

http://www.youtube.com/watch?v=mEJL2Uuv-oQ


SPODE

68

Posted by guest, Oct 01, 2008 9:44PM

The post vote press conference was a rather impressive circle jerk, way to go Washington.

69

Posted by Anal_yst, Oct 01, 2008 9:52PM

Senator Casey? (or whoever that is) uh, http://www.impawards.com/1988/posters/twins_ver3.jpg

70

Posted by FUNdamental, Oct 01, 2008 9:54PM

ok anal, i'm going with becky. But then again i almost always do, super highly rated as far as i'm concerned.

We couldn't throw kudlow and cramer together again? There might have actually been a murder on a business channel on live tv!

ok now that it is passed the senate we get to sit and wait and see what the markets do, and then decide if the house should pass it...if markets up, NEW LAW. Markets down...communist bullshit!!!

71

Posted by guest, Oct 01, 2008 10:03PM

I can't believe they got Coburn. If Coburn is voting for it, nobody else has any business claiming they're too small-government/free-market for a bailout.

73

Posted by guest, Oct 01, 2008 10:09PM

Bess


You're getting better every day

BRAVO !!!!

74

Posted by guest, Oct 01, 2008 10:13PM

@35 Senator Bareback

75

Posted by guest, Oct 01, 2008 10:13PM

#25

good catch


Kudlow murdered that chimp

76

Posted by guest, Oct 01, 2008 10:14PM

Speaking of that guy from Yale....


is it true that every one in Skull and Bones is gay ??

77

Posted by guest, Oct 01, 2008 10:15PM

about 72 ignore that atm

78

Posted by Anal_yst, Oct 01, 2008 10:16PM

@ 72

Apparently you didn't read my prior comment, seriously slow your roll, son.

And who the fuck calls themselves the future prince of investing? Why not pick a lamer moniker (I suggest innuendo, that always works )

79

Posted by guest, Oct 01, 2008 10:16PM

It's true


All Yalies are gay

80

Posted by guest, Oct 01, 2008 10:17PM

It's true


All Yalies are gay

81

Posted by guest, Oct 01, 2008 10:18PM

Folks, can anyone give a definitive update on the Sanders Amendment (the 10% tax thing)? I can't tell if Mr. Jones @8 is telling me that it got voted down....

Apologies, I was watching baseball.

82

Posted by guest, Oct 01, 2008 10:19PM

Kudlow was on fire tonight


he must be back on the crack pipe

83

Posted by guest, Oct 01, 2008 10:19PM

@42 - Fuck You. I'm a conservative and even I respect Kennedy. Plus he has a Brain Tumor that could kill him in a few months, I'd like to see you show up to work with that.

84

Posted by guest, Oct 01, 2008 10:20PM

dont you love how all the senators "congratulate" each other, and are so "proud" of what they did? like each day, I should be hihg-fiving all my colleagyes just for actually showing up and doing my job

85

Posted by guest, Oct 01, 2008 10:21PM

Haines is getting funnier every day

86

Posted by guest, Oct 01, 2008 10:21PM

@81 voted down

87

Posted by guest, Oct 01, 2008 10:22PM

83

relax will you , it's not like 42 made a Mary Jo Kopechne joke

88

Posted by FUNdamental, Oct 01, 2008 10:24PM

83 - when reached for comment the gov. of california said "it's not a tumahhh"

89

Posted by guest, Oct 01, 2008 10:25PM

Haines must've wolfed down 2 dozen donuts today

90

Posted by guest, Oct 01, 2008 10:26PM

Kennedy was out with Chris Dodd , cruising Georgetown for 18-year olds to bring back to La Brasserie

91

Posted by guest, Oct 01, 2008 10:26PM

Asked this once, but no answers: Why did the dow futures go down 100 points from where they were before the vote? Bill doesn't pass, market drops, bill passes (senate anyway) market drops. Any ideas?

92

Posted by guest, Oct 01, 2008 10:29PM

Thanks, 86.

-81

93

Posted by guest, Oct 01, 2008 10:33PM

@91 fear that the house still won't pass it? fear that this thing is going global and an american bailout won't fix it (see frogs, french)? fear that Warren Buffet won't bail out the Fed?

94

Posted by IAmTooBigToFail, Oct 01, 2008 10:34PM

How appropriate! Here's the lifestyle apparel brand for struggling economies and strange bedfellow!

www.IAmTooBigToFail.com

Pi$$ in your pants funny...

95

Posted by guest, Oct 01, 2008 10:35PM

91 Here. I think we're fucked any way you look at it, so I guess it makes sense that the market would go down regardless.

96

Posted by guest, Oct 01, 2008 10:41PM

Bess Get some sleep.

97

Posted by guest, Oct 01, 2008 10:44PM

So they basically voted against the bill on Sunday so that they would have time to attach all their pet projects and cost everyone another $100 bil?

99

Posted by guest, Oct 01, 2008 10:53PM

@91 "Asked this once, but no answers: Why did the dow futures go down 100 points from where they were before the vote? Bill doesn't pass, market drops, bill passes (senate anyway) market drops. Any ideas?"

I think guest@64 has already answered your question.

100

Posted by guest, Oct 01, 2008 11:00PM

@ 91
Maybe people are just really starting to pay attention.

This bill gets us to a starting point. It is merely the end of the begining. Now we get to focus on the horrific economy and Q3 earnings shortfalls.

See what happened to MOS after it's EPS fell short today?

Government wants a big rally after this bill so they can say confidence is returning, That is the reason for the extension of the short sale ban. They know that short sellers would short into any rally because 3-4 weeks from now i bet we make new lows.

Economy is just really starting to crumble and people are just realizing that we are in a heap of trouble and this bill merely takes pure implosion off the table. It doesn't take a very deep recession off the table.

101

Posted by guest, Oct 01, 2008 11:09PM

@90 - I'm more of an Archibald's fan myself. Also, there is a "massage parlor" next to Excalibur. Gotta love DC strip clubs. They suck but close enough proximity to Baltimore. Night and day man, night and day.

Sincerely,

DC Private Equity asshole.

102

Posted by guest, Oct 01, 2008 11:12PM

So Paulson can only buy mortgages and mortgage-backed securities originated or issued on or before March 14, 2008?

So if any of these were further sliced and reissued they would not be covered?

Also, what about other ABSs other than those that are mortgaged-backed?

103

Posted by guest, Oct 01, 2008 11:37PM

Too long, didn't read.

104

Posted by guest, Oct 01, 2008 11:52PM

Hey guys. Just got back from vacation. What's going on?

105

Posted by guest, Oct 01, 2008 11:55PM

101,

What or where is Excalibur? I know Archibald's well..but not this Excalibur place that you speak of.

106

Posted by StupidEquityGuy, Oct 01, 2008 11:57PM

Before...

http://research.stlouisfed.org/fred2/fredgraph?chart_type=line&width=1000&height=600&preserve_ratio=true&s[1][id]=BORROW

I wonder what "after" is going to look like. The charts over the next few months should show that gentle sloping ramp increasing its launch rate...

~SEG

and yes I am being a smart ass...

107

Posted by guest, Oct 02, 2008 12:04AM

101,

Excalibur = Camelot?

108

Posted by guest, Oct 02, 2008 12:14AM

Tomorrow I sue my stock broker for malpractice.

109

Posted by guest, Oct 02, 2008 12:17AM

love the drudge siren!

110

Posted by guest, Oct 02, 2008 12:17AM

101,

Pretend there is a flashing siren....


Don't you understand? This is an emergency? I've been to every reputable strip club in the city (Northwest at least and excluding the shit hole on Georgia Avenue.O)

I demand an answer!!!!


111

Posted by guest, Oct 02, 2008 12:23AM

@107 - Yes, meant Camelot. Damn names confuse me...I'm drinking away my sorrows. Fuck this economy.

112

Posted by guest, Oct 02, 2008 12:29AM

@111 - I'll meet you in the men's room at Dulles. Pls bring lube and a condom.

L. Craig

113

Posted by guest, Oct 02, 2008 12:32AM

PS. My friends M. Foley and J. McGreevey will be there!

114

Posted by guest, Oct 02, 2008 12:35AM

112,

Thanks. Now I am calm.

115

Posted by guest, Oct 02, 2008 12:40AM

102 - Shit like auto loans, credit cards and student loans shouldn't even be considered ABS. Because it's not. The assets are either non-existent, worthless, or going to a higher creditor in the case of bankruptcy.

Losses on this garbage are going to be massive and everyone knows it.

116

Posted by guest, Oct 02, 2008 1:02AM

fuck you fatcats

117

Posted by guest, Oct 02, 2008 1:04AM

So wait a minute. A 700 billion terrible-but-we-have-to-pass-it bill is now an 800-plus billion bill? This is improvement? Just like modern Republicans to vote for tax cuts w/o offsetting spending cuts. To hell with the deficit!

118

Posted by Novice, Oct 02, 2008 1:48AM

@80 Yeah, that whole Yale thing.

119

Posted by guest, Oct 02, 2008 4:03AM

Education is in the toilet

Jobs are going overseas

Infrastructure is shit

and Govt is selling us and future generations into slave labor and worthless currency with the 'bailout'

Anyplace to hide in the new economy?

120

Posted by guest, Oct 02, 2008 8:38AM

Wooden arrow futures killing it.

121

Posted by guest, Oct 02, 2008 9:24AM

Full text of the bill that passed -- still 451 pages.

http://www.huffingtonpost.com/2008/10/01/senate-bailout-bill-vote_n_130959.html

It's a third of thw way down (kinda like our economy).

122

Posted by guest, Oct 02, 2008 9:31AM

Yo! Bloomberg stole our story.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aKd0vyGN8L2k

It was the dealbreaker commentators that reported that Rose City Archery was the one to benefit from the tax break.

123

Posted by guest, Oct 02, 2008 12:25PM

A little late to the party, but yeah, 8:46.

Important humor, for im-potent times.

Priceless, Bess, Priceless.

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