[jimbo123]

See page 33: Bill still includes provision for bailing out FOREIGN INVESTMENT BANKS with US Taxpayer Dollars! Deutche Bank, Credit Suisse, UBS, HSBC, Bank of China, etc...

[KittenClaws]

That’s what this is about - foreign investments!

Time for a tea party.

[Shermy]

Look at section 3, 9b

Distressed asset can mean ANYTHING. Car loans, Carbon derivatives. We can be bailing out Goldman Sachs for its substantial carbon positions.

And Why is “March 14, 2008” a significant date?

I guess congress will avoid these questions with a quick vote and no committee hearings, as apparently Bush, Paulson and Dem leaders in Congress have been plotting for some time.

[Fishtalk]

Please tell me by what magic you got a copy of the alleged “new and compromised” bill. Because it’s been impossible to get.

I’m not at all convinced that anything’s close to conclusion as the Four Mousekateers of Pelosi, Dodd, Reid and Frank were vague as all get-out.

As for a pubbie “press conference”...Fox News announced there would be one at 5:15 pm....now supposedly 6:30 pm.

Where are the pubbies?

[mathprof]

Just checked intrade.com for the probability of passing:

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

[GOPJ]

Our guys better not sign off on a bill that bails out foreign investment banks... I mean, don’t they care about American taxpayers at all? Is there no bottom?

[CodeToad]

On page 22 it contains language to give the "Housing Trust Fund" 65% of profits.

---

(A) 65 percent shall be deposited into the 2 Housing Trust Fund established under section 3 1338 of the Federal Housing Enterprises Regu4 latory Reform Act of 1992 (12 U.S.C. 4568);

(B) 35 percent shall be deposited into the 7 Capital Magnet Fund established under section 8 1339 of that Act (12 U.S.C. 4569)

[org.whodat]

Bend over and shut up. LOL

[org.whodat]

Bend over and shut up. LOL

[TeddyConAZ]

Great. UBS does business with Iran according to Fleeced..Dick Morris!

[JLS]

What do you mean by foreign? Are you under the impression that companies carry passports?

[nutmeg]

See page 33: Bill still includes provision for bailing out FOREIGN INVESTMENT BANKS with US Taxpayer Dollars! Deutche Bank, Credit Suisse, UBS, HSBC, Bank of China, etc...

I admit we haven't read the bill yet, but my husband thinks that might refer to U.S. subsidiaries of those foreign banks which are regulated by U.S. regulators.

[UrbanPanhandler]

We are not being told everything by our Congress (as usual). A quick search under google, yahoo, dogpile, etc.. of the words “China bailout” has some interesting returns. Fannie and Freddie in almost all of it.

[ThePythonicCow]

bailing out FOREIGN INVESTMENT BANKS

Well ... duh. When you loan someone a million, you own them. When you loan them a few trillion, they own you.

Bow down before your foreign masters, oh scum of the earth!