Posted on 09/28/2008 1:43:14 PM PDT by NormsRevenge
WASHINGTON - Congressional leaders and the White House agreed Sunday to a $700 billion rescue of the ailing financial industry after lawmakers insisted on sharing spending controls with the Bush administration. The biggest U.S. bailout in history won the tentative support of both presidential candidates and goes to the House for a vote Monday.
The plan, bollixed up for days by election-year politics, would give the administration broad power to use taxpayers' money to purchase billions upon billions of home mortgage-related assets held by cash-starved financial firms.
(Excerpt) Read more at news.yahoo.com ...
TAXPAYERS BAILING OUT FOREIGN BANKS
NO VOTE NEEDED TO GO TO 700 BILLION
HOUSE CAN ONLY VOTE ON SENATE VERSION-NO AMENDMENTS
RENEGOTIATING MORTGAGE RATES WILL SCREW THE GOOD GUYS WHO PAY THEIR BILLS
Believe I just heard on FOX that McCain says pass it!
Rescue... or ... Bailout? Funny how phraseolgy changes.
I swear it seems like McCain is trying to throw this election.
The 20% allocation for ACORN is still there and on pages 21 and 22 of the bill!
So? If it's ok to give it away to Wall Street, then it's ok to give it away to anybody. That's what happens when you abandon a principle.
He thought the dems would let him “reach across the isle” but they slapped his hand.
That’s right because if it doesn’t McCain can kiss the Presidency behind.
an ACORN, another nut and a fruitcake..

America, smell the coffee.
No BAILOUT!
Grrr fixing tag ...
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