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To: Carley

Don’t know if this is the one of not but it is pretty descriptive.

http://feeds.feedburner.com/redstate

scroll down to the sub head that reads
700,000,000,000


420 posted on 09/21/2008 10:39:01 AM PDT by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
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To: rodguy911; All
Jeff Birnbaum on FOX News just said that the Dems (and some Repubs) are reneging on support for a 'clean' Financial bill, as agreed to on Friday. They want handouts to the general population too. This may mean NO BAILOUT before the election.

Hope you folks all have full cupboards, this may be a rough ride.

422 posted on 09/21/2008 10:45:11 AM PDT by Lucius Cornelius Sulla (White Trash for Sarah!)
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To: rodguy911; SE Mom; snugs; Cold Heat; Alas Babylon!; penelopesire; Miss Didi; A.Hun; holdonnow; ...

SEPTEMBER 20, 2008
Government Bailouts: A U.S. Tradition Dating to Hamilton

The bubble pops. Lenders freeze. Depositors lose faith. Panic spreads. And the government steps in because nobody else will.

Today it is Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke putting together the rescue package for a financial system rocked by falling home prices and a wave of defaults on subprime mortgages.

[Bailouts throughout history at link]

But a short walk through U.S. history demonstrates the point made by Alex J. Pollock of the American Enterprise Institute: “If you would like an empirical law of government behavior, it is that in a panic or threatened financial collapse, governments intervene — every government, every party, every country, every time.”

http://online.wsj.com/article/SB122186662036058787.html?mod=googlenews_wsj


508 posted on 09/21/2008 3:19:52 PM PDT by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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