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Press Conference: House Republicans on Bailout Bill, 6:30 p.m. EDT 9/28/08
Sunday, September 28, 2008 | Kristinn

Posted on 09/28/2008 3:35:48 PM PDT by kristinn

The cable news networks are standing by for a press conference by House Republicans on the bailout bill. It should start some time after 6:30 p.m. EDT.


TOPICS: Breaking News; Government; News/Current Events; Politics/Elections
KEYWORDS: 110th; bailout; financialcrisis
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To: furquhart
Doing this probably means, over the next five to ten years, a multi-trillion profit for the Federal Government.

And you think this would be a good thing...

81 posted on 09/28/2008 3:55:25 PM PDT by hinckley buzzard
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To: All

The best recommendation in favor of this bill is that Obama has gained in the polls each and every day it has been on the front page.

Getting it off that front page should give McCain a chance to stop Obama’s agenda.


82 posted on 09/28/2008 3:55:26 PM PDT by Owen
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To: furquhart

Socialism.


83 posted on 09/28/2008 3:55:26 PM PDT by Jim Robinson
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To: Plutarch
just wait, the Maverick will surprise us:)
84 posted on 09/28/2008 3:56:11 PM PDT by TornadoAlley3 (Lipstick wearing Okie Moosehead!)
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To: jimbo123

It only became a “crisis” to the former Chairman and CEO of Goldman Sachs Group, Inc. when Goldman itself started to take on water. Then he showed up on Capitol Hill asking for a $700 billion check. Give me a break.


85 posted on 09/28/2008 3:56:18 PM PDT by Harry Wurzbach
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To: Shermy

I expect it is to pay off BS for certain reasons. These things are link spider webs connecting people and backroom deals.

We won’t know as of now. However, who ever rights about this and figures it out should win a Pulitzer.

There is more to the story as of now. Perhaps in the bill there is certain protections, etc.. Dunno at this point but they aren’t making a case to our Republic at this point.


86 posted on 09/28/2008 3:56:18 PM PDT by BGHater (Democracy is the road to socialism.)
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To: kristinn

Anyone know what the delay is? C-Span is still re-running stuff from earlier... right now they’re showing Pelosi and Reid - naturally, I’m watching it with the sound down in order to save my computer from having a dent in it from my fist.


87 posted on 09/28/2008 3:56:27 PM PDT by Pravious
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To: Jim Robinson
No BAIL-OUT!

This is a bluff.........Call their bluff!

88 posted on 09/28/2008 3:56:27 PM PDT by Guenevere (We will NOT collapse.The New World Order WILL collapse.This is our last chance!)
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To: linn37
It pisses me off Democrats are claiming credit for what republicans pushed for.

I heard Kerry on Fox earlier saying that the concessions the House Republicans got are what Obama was asking for two weeks ago.

Forgive me for perhaps being obvious, but this proposal wasn't on the table two weeks ago. Was it?

89 posted on 09/28/2008 3:56:42 PM PDT by Not A Snowbird (Go, Sonics! And take the Mariners with you.)
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To: furquhart

WHat happens in sequence if certain banks go under?


90 posted on 09/28/2008 3:56:52 PM PDT by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
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To: kristinn

What the heck does

“diversity in the management of the assets” mean? Is that just good fiscal responsibility or something else?

Rep Meeks D-NY just said we had to be sure we had it...


91 posted on 09/28/2008 3:57:07 PM PDT by SE Mom (Proud mom of an Iraq war combat vet)
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To: goldstategop

More like HELL NO.

Let Bush and the Democrats defend this sham.


92 posted on 09/28/2008 3:57:24 PM PDT by Mikey_1962 (Obama: The Affirmative Action Candidate)
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To: furquhart

So do you support buying the Bank of China’s toxic mortgage backed securities, too?


93 posted on 09/28/2008 3:57:41 PM PDT by jimbo123
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To: jimbo123

Just checked intrade.com for the probability of passing:

Last Price: 21.5. Down by 41.5!!!!


94 posted on 09/28/2008 3:57:59 PM PDT by mathprof
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To: SE Mom

It means black crooks want a piece of the action from the white crooks. Some crumbs, at least.


95 posted on 09/28/2008 3:58:12 PM PDT by Shermy
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To: chris_bdba

“I don’t know about you but I can’t afford for my mortgage to be called in tomorrow and need to be paid in full!”

Your mortgage is a contract. As long as you uphold your side, they should not be able to call it in. That is, unless you signed a contract that said the holder could call it in at any time. I assume you didn’t do that.


96 posted on 09/28/2008 3:58:13 PM PDT by Poser (Willing to fight for oil)
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To: NoGrayZone

Do any of you have any idea about how the back-end of the economy works, or is all of your financial knowledge limited to what you have hidden in your freezer?

They can’t “get themselves out”, in large part because various regulations have made even effectively valuing what they own impossible. And because the system is too complex and interconnected to be unwound at that level in the amount of time that’s presently available.

Why push the bill through? Because there’s no other choice. The banking system is falling down. Credit is frozen. The whole economy operates on it. if you can’t push new bond issues, if companies can’t obtain short-term financing for their operations, and so forth - then the whole thing comes tumbling down.

And, of course, Mistress X would be a Dominatrix, since you obviously have a tremendous desire to be punished.


97 posted on 09/28/2008 3:58:14 PM PDT by furquhart (John S. McCain for President)
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To: kristinn
Pelosi just said on c span that this is not a buy out this is about helping people secure thier retirement funds and savings. What a crock of S##T. DID THESE CONCERNED DEGENERATE ELECTED OFFICIALS IN CONGRESS THINK OF US THE SUCKER AMERICAN TAXPAYERS WHEN THEY WERE SCAMMING FROM US ALL THESE YEARS? The maverick better step up to the plate and hit a home run, he has the American people behind him! Where the hell is the light in this dark tunnel?
98 posted on 09/28/2008 3:58:16 PM PDT by ronnie raygun (IF YOU ARE NOT CONSERVATIVE BY 35 YOU HAVE NO BRAIN. W CHURCHILL)
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To: SandyInSeattle

The RATS will simply lie about anything. If the sun comes up tomorrow, they’ll point to their Messiah and say: “Look, Obama made the sun come up! How can you THINK for voting for anyone else?”

They truly are the scum of the earth, and the biggest threat to our country, although the mainstream media is trying hard to catch up.


99 posted on 09/28/2008 3:58:32 PM PDT by Pravious
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To: Guenevere

praying


100 posted on 09/28/2008 3:58:39 PM PDT by blueyon (Every one should get their 15 mins under the bus)
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