Text of the 106 page Bailout Bill

CNNMoney ^ | 9/28/2008 | CNNMoney

[Red in Blue PA]

Text of the abomination for those interested.

[narses]

Newt Gingrich, who yesterday called for Paulson’s head, would, relunctantly, vote for the bailout:

STEPHANOPOULOS: “Speaker Gingrich, there’s also, I think, a recognition, at least in some of the polls I’ve seen, that something has to be done.”

SPEAKER NEWT GINGRICH: “Sure, look, something has to be done. … I suspect were I still in Congress, in the end George [Will] is right, and I probably would end up voting reluctantly yes, because I think when you’re given no choice

[DRey]

"What is that? "

ACORN!

[ken21]

thanks.

i’ll change back to i.e.

i’m a firefox user.

[KansasGirl]

YES IT IS!

[Red in Blue PA]

Sorry, this really is the latest version.

[goldstategop]

Nice big bailout for foreign banks! Uhhh... what's in it for us?

"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

[NoGrayZone]

Ahhhhhhhh, bleeping mother bleepers, bleeped a bleeping bleep bleep!!!!!!!!

[KansasGirl]

Can you add to the title of the thread that ACORN is still in the bill!

[George Smiley]

Yes.

Going to go to sourceforge and look for a pdf2word or pdf2html program.

Jim, interested in getting this in .doc or .html format?

Let me know.

GS

[edzo4]

section 108 conflict of interest, LOL

Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008

1. Dodd, Christopher J
D-CT
$133,900

2. Kerry, John
D-MA
$111,000

3. Obama, Barack
D-IL
$105,849

4. Clinton, Hillary
D-NY
$75,550

13. Emanuel, Rahm
D-IL
$51,750

16. Frank, Barney
D-MA
$40,100

22. Pelosi, Nancy
D-CA
$32,750

24. Hoyer, Steny H
D-MD
$30,500

[Bloody Sam Roberts]

Found a loophole already. Check out subsection (e) in Section 101 that outlines the standards for Preventing Unjust Enrichment:

...This subsection does not apply to troubled assets acquired in a merger or acquisition, or a purchase of as sets from a financial institution in conservatorship or receivership, or that has initiated bankruptcy proceedings under title 11, United States Code.

[MrPiper]

I couldn’t open it. States that it may be corrupt and refused to open (Firefox). Have never had this happen before. I have a MAC and just updated Firefox.

open it in explorer, it would not load w/foxfire for me either.

[goldstategop]

Its the ugliest kind of corporate welfare I've ever seen! I'm against it completely!!!

"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

[cripplecreek]

You should post the whole list so we can see which fine republicans got money too.

[SlowBoat407]

65% of proceeds into the housing trust fund??? This is better???

Shut it down now!!!

[goldstategop]

This is the House GOP looking out for US??? What a friggin' joke! This bill needs to be voted DOWN!!!

"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

[MrPiper]

7 SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES 8 AND CENTRAL BANKS. 9 The Secretary shall coordinate, as appropriate, with 10 foreign financial authorities and central banks to work to11 ward the establishment of similar programs by such au12 thorities and central banks. To the extent that such for13 eign financial authorities or banks hold troubled assets as 14 a result of extending financing to financial institutions 15 that have failed or defaulted on such financing, such trou16 bled assets qualify for purchase under section 101.

There's the NEW WORLD ORDER, spelled out for you.

This is setting up the ONE WORLD GOVERNMENT!

[AndyJackson]

The problems start off right at the beginning:

FINANCIAL INSTITUTION.—The term ‘‘fi1nancial institution’’ means any institution, including, but not limited to, any bank, savings association, credit union, security broker or dealer, or insurance company, organized and regulated under the laws of the United States or any State, territory, or posses21 sion of the United States, the District of Columbia, Commonwealth of Puerto Rico, Commonwealth of Northern Mariana Islands, Guam, American Samoa, or the United States Virgin Islands, and having significant operations in the United States, but excluding any central bank of, or institution owned by, a foreign government.

This is nuts. Regulated commercial banks that are members of the Federal Reserve System - ok for the sake of argument - but if the others go bankrupt - good ridence.

[KansasGirl]

I believe that is pretty close to the way it was worded before.

[dragnet2]

Should I post the whole thing?