[mombyprofession]

WTH?

[neodad]

I’m shocked! not

[Glenn]

Blank check economy.

[Attention Surplus Disorder]

It’s called “the buddy system”.

[John W]

Translation for some from another story-—

U.S. stocks extended losses on Wednesday after Treasury Secretary Henry Paulson said his department would consider capital needs of non-bank financial institutions, renewing concerns about the scope of problems in the U.S. economy.

[Outlaw Woman]

Un-F’ing-believable

[ikka]

They need to keep some cash back (well it is not actually cash, but a number tied to the federal debt ceiling) in order to bail out GM and to keep China from dumping their US debt on the market.

[pillut48]

Who'da thunk it, after all the URGENCYURGENCYURGENCY to get this bailout through Congress, now we learn that the America taxpayer has been...

[dotan]

The administration decided that using billions of dollars to buy troubled assets of financial institutions at the current time was "not the most effective way" to use the $700 billion bailout package, he said.

Forget the president or president-elect. Presidents do not have this much power. Secretary Paulsen is the man who should be flown around in Air Force One.

[jwalsh07]

Paulson is an effin disaster.

[DemonDeac]

Absurd. The fact that a Republican administration is a major enabling factor for this man and this deception is shameful.

[Arguendo]

There were those of us who argued from the beginning that purchasing troubled assets as originally planned would be impractical because it would either have to amount to a direct giveaway to banks (by buying assets at above-market prices) or it would be ineffective (by doing nothing to help banks' capital structures).

I guess Paulson finally realized this.

[Jagman]

This guy reminds me more of Pat Paulson (showing my age!)

[o_zarkman44]

This proves that the $700 billion was just a shot in the dark. Government has no idea where this crisis is going. Throwing money around is supposed to make us believe they are in control??? But how much more will it take before the obvious is realized...GOVERNMENT IS THE PROBLEM.

[BGHater]

Suckers. Welcome to the NWO.

[Abathar]

We are so screwed now...

My wife and I can always get by, my thoughts are on my 3 kids and what they are going to have to deal with when we hand this big bag of s**t off on them.

[penelopesire]

Sounds like this may be a good thing imho.

[Virginia Ridgerunner]

Bush and Paulson, along with Pelosi and Reid, are damned liars.

[aWolverine]

It's an "emergency"

[refreshed]

Does anyone honestly know what this means? I believe we are in completely uncharted territory here (at least I am).

[Roberts]

Thanks to our elected representatives and President, the Secretary of the Treasury and the Fed Chairman are now the two most powerful and unaccountable people in the country.