Posted on 09/28/2008 9:02:50 AM PDT by Thane_Banquo
A side-by-side (it's a Word doc) on the various plans, from Roy Blount's office.
Since you’re the finance expert, this won’t make us scream?
Can’t open link. Error message corrupt link
Still a crappy plan
I look forward to his future replacement (Cantor or Pence) who is a real republican.
Excellent question. On the "scream meter" of 1 to 10... how loud are we going to scream?
IF this word doc is legit, ACORN is out, insurance is mandatory. It appears to meet most of the House Repubs issues. Thanks to Blunt’s office for publishing facts.
"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
Thank God Acorn is out.
Thank God Acorn is out.
And if after 5 years donuts don't start falling from the sky, we'll all fly up in the air and levy taxes on the clouds.
Man. FOX “news” is in Full Obama mode this morning. I guess they’re getting the “tingle.”
You were after a bail out from day one.
I think a number of firms will prefer the insurance program, because it will allow them to secure the profits quickly from assets that are valued at an irrationally low level. If the amount of assets insured counts against the $350 bln, that would be a huge coup.
Affordable Housing Slush Fund (ACORN Fund). OUT.
I’m still skeptical - what exactly does it mean that the “market provisions are mandatory”? And exactly what is the initial $350b going to be used for? At the end of the day, are we still buying mortgage messes?
250B – Immediately available to the Secretary.
100B – Available upon report to Congress.
350B – Available ONLY upon Congressional action.
Requirement to establish mandatory insurance/guarantee program at no expense to the taxpayer. “Pay to play” for participating companies, based on risk.
250B – Immediately available to the Secretary.
100B – Available upon report to Congress.
350B – Available ONLY upon Congressional action.
Requirement to establish mandatory insurance/guarantee program at no expense to the taxpayer. “Pay to play” for participating companies, based on risk.
Workable prohibitions on executive compensation to ensure bad actors are not rewarded. In a total takeover (like what happened with AIG), there will be no golden parachutes or severance pay. For equity participation, over $300M total ban for top 5 executives on golden parachutes and tax deduction limit on compensation above $500,000.
Establishment of bipartisan oversight commission, split evenly between minority and majority.
Practical reporting requirements to ensure proper reports to Congress and the public.
“Say on Pay”
Union Take Over of Corporate Boards;Affordable Housing Slush Fund (ACORN Fund);Bankruptcy “Cramdown” (aka, trial bar give-away); - OUT
If after 5 years the government has a net loss of taxpayer funds as a consequence of the purchase program, the President will be required to submit a legislative proposal to recoup such funds from program beneficiaries.
and it wouldn’t have happened if the House GOP didn’t scream and make a fuss and said “wait a minute! let’s think this through and find an alternative”
I’m scratching my head....what are the dems getting out of the bill? According to this document, the dems are giving up everything sans a few oversight comprimises.
I don’t know if this doc represents the details of the bill accurately....not making an accusation, just want to see the official bill.
is it the word doc you can’t open?
Oh please, like they’re going to say no to more money? Screw that.
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