Bailout being rejected, thoughts?
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Bailout being rejected, thoughts?
| Mon, 09-29-2008 - 3:35pm |
Hi –
The bailout being rejected is not a good thing, it affects EVERYONE. Banks have no money, we have no money (generally speaking).
I was speaking with a co-worker that said the Democrats insisted the Parachute Clause be put into the plan otherwise they’d vote against it (keeping Exec’s from these millions of dollars) so that is why the Republican’s majority anyhow rejected it. They are so greedy and now they have cut their nose to spite their face.
Thoughts everyone?
SP

How many pounds of peanuts are consumed in the United States each year?
2.4 billion pounds! About 50% is consumed as peanut butter.


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http://llhaesa.org/
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
Exactly! Watching cspan I couldn't believe all the reps who were saying we need to get rid of 'mark-to-market'--guess those ABA dollars will be rolling in for them.
We'll be the laughing stock of the world, if we aren't already:
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/25/AR2008092504285.html
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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php
http://www.youtube.com/watch?v=DQTBYQlQ7yM
A wise approach.
I just hope we all remember this the next time someone starts promoting the idea of deregulation. The profits disperse around the world; we get the bill.
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
http://llhaesa.org/
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
The system was bound to get to this point.
Heck, for the last several years we would hear how the economy was mostly being sustained by housing, and people had to know once that blew up we would be in deep doo doo.
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
Part of the trouble started with this guy in the '90s:
http://en.wikipedia.org/wiki/James_A._Johnson_(businessman)
And this guy:
http://en.wikipedia.org/wiki/Franklin_Raines
Sopal
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