[Thane_Banquo]

This came across my Bloomberg this AM. More extortion from Wall Street: "You're going to lose your job and your house if you don't give us $700 billion so we can pay for our Ferraris and Manhattan penthouses."

[goldstategop]

I say they can go to hell. They're asking me to bail them out? What a laugh! When I wanted a loan for income property earlier this year, they wouldn't give me the time of day. All of a sudden, they need me? Screw 'em!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[Crimson Elephant]

CNBC is saying that, according to the GOP, the Dems have the votes to pass this on their own. It seems the Dems don’t want to be on the hook politically for the whole thing.

So actually it seems the Dems are the ones playing politics.

[4rcane]

thats ridiculous, remember the convention wisdom, bad economy is a win for democrats, so why would the republicans purpose risk economy to lose election

[Red in Blue PA]

So these bozos can make bad decision after bad decision, put the economy on the precipice of disaster, and EXPECT the taxpayer to bail them (the ones who caused this very mess!) out?????

They are the very definition of chutzpah!

[longtermmemmory]

link?

seems the people who want the free money on wall street are screaming.

they don’t want to lose the expense account.

[Don Corleone]

To quote Nancy Reagan, “Just say NO!”

[TheRobb7]

“Blinded by the light
wrapped up like a Deutsche
in the middle of the night....”

[BusterBear]

The final straw came when the Dems inserted a provision to provide ACORN with 20% of the profit from government sale of the securities the Treasury had purchased. To make it even worse, this 20% calculation did not even include an offset for securities for which the government had a loss.

Naturally, Barnie Frank and Chris Dodd were screaming bloody murder when the Repubs refused to allow this payoff to ACORN.

[Diogenesis]

"Sen. Dodd has been rewarded in the 2008 election cycle with $7.65 million in campaign contributions —
he took in $11.7 million in all — from the securities, insurance, real-estate and commercial-banking industries, according to his latest Federal Election Commission filing posted at opensecrets.org.

Sen. Dodd's list of donors reads like a who's who of who's in the stew:
Citigroup, $310,294; SAC Capital Partners, $282,000; United Technologies, $263,400;
AIG, $224,678; Bear Stearns, $205,600; St. Paul Travelers, $205,400; Royal Bank of Scotland, $203,750;
Goldman Sachs, $175,600; Morgan Stanley, $155,000; Credit Suisse, $154,550;
Merrill Lynch, $134,950; The Hartford, $94,350; Bank of America, $91,300
JPMorgan Chase, $129,150; USB, $101,900; Hartford Finance Services, $101,500
Lehman Brothers, $128,400; KPMG, $113,100; General Electric, $108,250; Deloitte Touche, $108,000

With $165,400, Sen. Dodd also tops the list of members of Congress who took campaign cash from Fannie Mae and Freddie Mac since 1989.

Sen. Barack Obama, the self-styled agent of change, is a distant second at $126,000 and Sen. John Kerry is third at $111,000.
In the top 20 are Senate Majority Leader Harry Reid, House Speaker Nancy Pelosi and Sen. Hillary Rodham Clinton."

[A Strict Constructionist]

“”You’re going to lose your job and your house if you don’t give us $700 billion so we can pay for our Ferraris and Manhattan penthouses.””

I personally would like to see major pay cuts at the institutions that put us in this situation, including congress. These cuts should include elimination of bonus’s, options, etc. until the mess is cleared up. Why do we always have to take the pay cuts, let them that caused it suffer? If you can figure out how to punish the people that bought houses without the financial means, without making this mess worse, include them as well.

[SE Mom]

Wow.

The liberals are certainly out early with the talking points.

[chilepepper]

Douche Bank should keep their yap shut.

Their money monkeys, in an infamous meeting with "financial engineers" from Goldman Sachs and others, are the ones that INVENTED the whole subprime/tranche mortgage packaging scheme that has caused this disaster...

[anglian]

The total liabilities of Deutsche Bank (leverage ratio over 50!) amount to around 2,000 billion euro, (more than Fannie Mai) or over 80 % of the GDP of Germany.

[snip]

One key link has been risk-sharing. European (and other) financial institutions held a large share of the assets based on US residential mortgages and thus shared in the losses that arose when the US housing market turned sour. This type of risk-sharing is exactly what financial globalisation should be able to provide. The US banking system would be in an even worse shape had all the losses from US sub prime-based securities been concentrated in the US.

AIG's impact on European bank’s regulatory capital http://www.voxeu.org/index.php?q=node/1669