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Massive bailout plan appears in jeopardy

devilisciousdeviliscious Member UncommonPosts: 4,359

www.msnbc.msn.com/id/26884523

I still say they should have gone with the republicans plan, and made wallstreet pay this off. Instead of trying to undermine the constitution.

Comments

  • FishermageFishermage Member Posts: 7,562

    Copycat -- I made the first thread

    I agree; the Republican alternative was much better -- however, I feel they need to hold more hearings, and actually listen to the economists who predicted this crisis; not the knuckleheads responsible.

  • SioBabbleSioBabble Member Posts: 2,803

    Well, the Bush plan sucked.  The only reason the GOP House members are revolting is that they're running as far away from Bush (and McCain) as they can because the people are pissed and they're blaming it, quite rightly, on the GOP.

    What needs to happen won't, because big money people will actually face the consequences of their own actions will fight any real solution.

    1.  If you get bailed out, you surrender equity to the government.

    2. Golden parachutes abolished for all time, and individuals held responsible for their actions.  Yeah, I know, the corporation is an ingenious invention to allow individual profit without responsiblity (paraphrasing Abrose Bierce).

    3.  Reinstitution of the regulations that were repealed  in the late 90's at the instigation of Ferengi twit Phil Gramm.

    What is happening here is that Wall Street KNOWS that Obama will be elected, and they want to cash their chips now before new casino management takes over and reins them in.  The days of having no oversight are coming to an end, and the Republicans are facing another long period in the desert before enough people forget how they screw everything up with their faith based eonomics that have been proven over and over again not to work.

    CH, Jedi, Commando, Smuggler, BH, Scout, Doctor, Chef, BE...yeah, lots of SWG time invested.

    Once a denizen of Ahazi

  • FishermageFishermage Member Posts: 7,562
    Originally posted by SioBabble


    Well, the Bush plan sucked.  The only reason the GOP House members are revolting is that they're running as far away from Bush (and McCain) as they can because the people are pissed and they're blaming it, quite rightly, on the GOP.
    What needs to happen won't, because big money people will actually face the consequences of their own actions will fight any real solution.
    1.  If you get bailed out, you surrender equity to the government.
    2. Golden parachutes abolished for all time, and individuals held responsible for their actions.  Yeah, I know, the corporation is an ingenious invention to allow individual profit without responsiblity (paraphrasing Abrose Bierce).
    3.  Reinstitution of the regulations that were repealed  in the late 90's at the instigation of Ferengi twit Phil Gramm.
    What is happening here is that Wall Street KNOWS that Obama will be elected, and they want to cash their chips now before new casino management takes over and reins them in.  The days of having no oversight are coming to an end, and the Republicans are facing another long period in the desert before enough people forget how they screw everything up with their faith based eonomics that have been proven over and over again not to work.

    In other words, you want government control over the economy -- pure fascism. Sorry, I disagree. This was caused by no government oversight over GOVERNMENT, not private business. Banking is the most regulated market we have, if regulations are what we need, it ought to be in the best shape.

  • FishermageFishermage Member Posts: 7,562

    Also, you take the words of David Corn, a man who knows nothing about money, banking or economics over the guys who actually predicted this and warned against it -- like Ron Paul. Interesting take. Wrong, but interesting.

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