Herbert M. Moses
Posted on 09/30/2008 12:46:13 PM PDT by Fred
I’ve got one reason. I was responsible and lived within my means. Stealing from me to pay for someone elses stupidity and lack of ethics is wrong.
Too bad the GOP doesn't have the stomach to.
McCain needs to grow some balls and take a stand against Bush, Paulson, 0bama, and Pelosi.
And Minority Leader Boner needs to step down after his vote of no confidence yesterday to make way for Mike Pence.
Herbert M. Moses
Lots of emotion, hyperbole and anecdotes in the list.
Either with a bill or no bill, the taxpayers are on the hook for this. The banking system is intertwined with the government (treasury prints $$ and Fed lends to banks) and we already insure the banking system through FDIC and SIPC.
The choice is between doing this now, buy $700 billion worth of bonds that we might make a return on. Or do nothing now, let FDIC and SIPC deal with each bank that rolls over. The chaos that could occur in the latter option makes the risk there dramatically more than the first option.
After we get another round of bank failures and the American public screams for regulation to protect them from greedy Wall St., I’m frightened to imagine the new bill we’ll get from President Obama and Speaker Pelosi.
Failure to act effectively in 1929 led to the New Deal, the rise of socialism, communism, and fascism as half the world gave up on capitalism.
Poor choice of words. ;-)
Mark
Eeewwwwww! Avoid visualizing that at all costs.
I REALLY like statement number 9!
Peter Schiff on Glenn Beck: "This is Not a Textbook, This is Real"
Please check my freeper page. Or just read all my posts Because I work very hard on them. Actually do lots of research to find that information.
And I'm a disabled person that survived a near fatal stroke five years ago. I was paralyzed when I was admitted to the hospital and was in intensive care for a week. Doctors tell me my recovery is a true miracle. And I believe that I was saved for a larger purpose.
McCain's ego will prevent him from making the proper decision for no bailout and admit other corrections will do it. Step one dissolve Fannneeee and Freddddeee.
Step one is correct the regulatory problems that have created the crisis.
End Mark to Market and go back to Mark to Par. Rescind Sarbanes-Oxley. Make more money available to banks. Tell the market, “sorry no government bailout, you’re going to have to sort this out on your own,” and suddenly they will, instead of staying in a holding pattern while they wait for free money from the government.
Just posting to change my tagline to the one I just stole from you. You should be flattered... :-)
I think I stole mine from Plugs Biden. LOL
Read Dave Ramsey’s Plan.
I would add one more provision - eliminate taxes and penalties for premature withdrawal of 401k plans for the purpose of either paying off/down one's own mortgage, or purchasing a foreclosed property.
Prepare to KILL bullsheet bailout II.
Once we open the Pandora Bailout Box, it will be bailout after bailout after bailout, until it time to bailout US, then we will be told there is no more money.
It would work. The rich will bail out the poor under this plan, but; the poor get the benefits.
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