President Bush plans to address the nation at 9:01 p.m. EDT on the financial crisis (LIVE THREAD)

The Wall Street Journal (excerpt) (subscription required) | September 24, 2008

[HAL9000]

Breaking News - Republican officials say the Bush administration will accept executive-pay curbs as part of the bailout. President Bush plans to address the nation Wednesday at 9:01 p.m. EDT on the financial crisis.

[madison10]

I love the President, but...sometimes I don’t know if he has his act together before he comes out on stage.

[Ron H.]

I'm glad that I've been one of those that has building my stockpile of dry-goods, can-goods and many other kinds of sundries and have a couple or three acres to grow my own crops. I still have a bit more to do to become nearly totally self reliant. The day approaches at an ever quicker pace.....

Note to self: buy even more ammunition.

[dynachrome]

What a load of BS.

Sounded like extortion to me.

“Give me the money or the economy tanks”

[Petronski]

Do you anticipate that Wamu’s assets are worth zero?

[epluribus_2]

VIKING KITTIES STILL RIDE WHEN THE PRES IS ON - CHECK THIS JOKERS TAGLINE. NICE TO MEET YOU, ZOTBAIT!

[Loyal Buckeye]

We are faced with distasteful alternatives.

On another subject, I sure wish Pres. Bush would have said the "bad" loans made by financial institutions met Fannie Mae underwriting standards. The implication, of course, is that the standards were imposed by the Dems.

[Chgogal]

As long as all your money is in your mattresses you will do fine. The rest of us who work for small companies which depend on short term loans may not be able to meet payroll. This means layoffs, etc.

[Drago]

"Washington Mutual has over 180 billion dollars in deposits,..."

How much of that is FDIC insured? ($100K per person, $250K per IRA, etc.)

Also, this bailout is absolutely no guarantee WaMu will make it.

 

[meyer]

Sorry all of you W haters (not you HAL), but I must give him an “A” grade on this speech...

I give him a "C" for Communist. He's crossed the line. The USA, as a country, is a failure.

Game over, dude....

[AGreatPer]

Hi Bunny,

Did you notice GWB body language?

He was scared to make this speech.

No matter what good he did during his administration, this will be remembered. He let my investments go into the toilet.

[JEH_Boston]

Just remember the old adage. The best time to buy is when everyone is selling.....

[A Texan]

Bank runs won't happen but the speech most likely just put the “average” American to $hit their pants.

[madison10]

FDIC up to $100,000

SIPC up to $300,000.

[silentknight]

i was hoping to hear he would resign and call for FULL investigations on all levels of the government.

Sounds like his basic speech was - GIVE US THE MONEY or else.

That is what I heard. Other?

[MichiganConservative]

If President Bush believes so strongly in capitalism, why did he socialize prescription drugs?

That's just pure hate. You offer nothing but hate speech. Stop hating the president. He is a god among men!

[fatima]

Years ago we were turned down by Fannie May cause I had only worked for 2 years,my husband had worked for 30 years.We had to wait another year and downsize on what we wanted to buy.

[John W]

Well, he mentioned the antiquated twentieth century regulations. I don’t think he had the same ones in mind that we would, though.

[snarkytart]

I agree, and so Bush yet again pisses off the conservative base McCain needed to come out in force. I’m even deflated.

[nomorelurker]

Am I the taxpayer the cavalry? If so I have no desire to be part of the sabre charge.

[Petronski]

I remember the panic mongering during the S&L crisis, how we would never be able to pay it back, how it would bankrupt the country.

In the end it cost something south of $130bn.