Deal Reached on Financial Markets Bailout

Breitbart via AP ^ | 9/28/08 | CHARLES BABINGTON and ALAN FRAM

[xtinct]

Due to AP restriction click link

[screaminsunshine]

Nope but you can SCREW everybody which is what is going on.

[dixiechick2000]

"House Speaker Nancy Pelosi announced the $700 billion accord just after midnight but said it still has to be put on paper.

"We've still got more to do to finalize it, but I think we're there," said Treasury Secretary Henry Paulson, who also participated in the negotiations in the Capitol.

"We worked out everything," said Sen. Judd Gregg, R-N.H., the chief Senate Republican in the talks."

Wasn't there a deal last week?

Screwballs...every one of them.

[Dog]

I don't know enough to claim I'm an expert...but I know politicans....they were going to pass this thing come hell or high water....they're to risk adverse not to.

[Dog]

Dixie they are political cowards.

[ThePythonicCow]

you can SCREW everybody

A good paper, which agrees with you, in 24 pages, can be found at:

Weiss Research: Proposed $700 Billion Bailout Is Too Little, Too Late to End the Debt Crisis; Too Much, Too Soon for the U.S. Bond Market.

Notice the lists of trouble banks, in the appendices at the end of the report.

[screaminsunshine]

Yep and 80% are against it. What should that tell you about our representative government?

[hocndoc]

The Washington Post reports ACORN’s out:
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/28/AR2008092800064_2.html
“Democrats also made a number of concessions, abandoning demands that bankruptcy judges be empowered to modify home mortgages on primary residences for people in foreclosure. They also agreed not to dedicate a portion of any profits from the bailout program to an affordable housing fund that Republicans claimed would primarily assist social service organizations that support the Democratic Party, the official said. “

[dixiechick2000]

They are more than cowards.

They are traitors.

I’m dc2k, and I approve this message. ;o)

http://www.freerepublic.com/focus/f-bloggers/2092230/posts

[ThePythonicCow]

Wasn't there a deal last week?

Yup - I got to be the one who posted it first on FR back then. It was in response to McCain saying he was putting his campaign and the debate on hold, to come back to Washington. The Democrat response was roughly "we don't need no stinkin' McCain - he should stay the h*** out of town." (and expressed only slightly more politely.)

[Dog]

They are spineless weasels.

[screaminsunshine]

Maybe Park Place and Boardwalk will be a better deal.

[ThePythonicCow]

ACORN’s out

Good -- though I feel like I was just told I wouldn't be kicked in the groin after all; they were just going to proceed with to rob me anyway.

[screaminsunshine]

Spineless yes but do not insult weasles like that.

[Truth29]

I wonder if the Members will see the actual bill language before the vote, much less the rest of us?

[ltc8k6]

Didn’t Obama say he wouldn’t accept any deal without that???

[Dog]

:-)

[mkjessup]

Considering the already massive intrusion of the federal government into the private sector (Fannie & Freddie, just to name two), I think it possible that prior monetary rules may not even apply anymore. If a government increases it's presence (and resulting influence) in the financial sector, that means the government defines the parameters, either in a subtle manner or perhaps blatantly. As I see it, it's not much different than a typical street con game known as Three Card Monte.

Ironically, with the passing of Paul Newman, all the Wall Street bankers and investors who will benefit from this bailout might well be quoting Fast Eddie Felson this morning, i.e. :

"Money won is twice as sweet as money earned."

There's my two cents anyway.

[ThePythonicCow]

Didn’t Obama say ...

Does anyone actually listen to him?

[Texas Songwriter]

Technique-get 9 "in-your-face-democrats" bring in 2 unsuspecting republicans, put them in a sensory deprivation room with no contacts to the outside, and begin to wear them down. Look at the hour, my friends....literally 3:00am eastern standard time. What a way to spend $700 billion dollars and ruin a country.

[ari-freedom]

I define deflation in relation to supply and demand. if supply is ‘500’ and demand is ‘600’ then supply didn’t meet demand and you have deflation. If supply is now reduced to ‘400’ but demand is also reduced to ‘300’, you have inflation as supply is greater than demand.

What happened during the 90’s is that demand for liquidity went up (because capital gains taxes were cut) and while money supply also went up, it didn’t match the demand.