bailout deal stalled

iVillage Member
Registered: 08-24-2008
bailout deal stalled
27
Thu, 09-25-2008 - 10:22pm
From the BBC a couple of hours ago:
U.S. bailout deal stalled
Fri Sep 26, 2008 1:56am BST


By Tom Ferraro and Richard Cowan

WASHINGTON (Reuters) - A deal to rescue the faltering U.S. financial system stalled on Thursday amid bickering between Democrats and Republicans and accusations of political posturing by Republican presidential candidate John McCain.


U.S. lawmakers had appeared close to a final agreement on Thursday on a massive $700 billion (377 billion pound) bailout to save the financial system, lifting world stock markets and sending the dollar higher. But things spun off course during an emergency White House meeting between Congressional leaders with U.S. President George W. Bush, according to lawmakers.


In advance of that meeting, which included the two men battling to succeed him, Democrat Barack Obama and McCain, a compromise bipartisan deal seemed imminent.


After the session, Congressional leaders said an agreement could take until the weekend, sending U.S. stock futures down, paring earlier gains.


Republican U.S. Sen. Richard Shelby bluntly told reporters, "I don't believe we have an agreement.


A group of conservative Republican lawmakers proposed an alternative mortgage insurance plan, eschewing the Bush administration's Wall Street bailout just weeks before the November

 

iVillage Member
Registered: 05-06-2007
Fri, 09-26-2008 - 11:03am

But how do you KNOW that McCain is thinking about us? Were you in the room while they were discussing the bailout? I'm not saying you're wrong b/c I wasn't there either so I don't think it's my place to say whether McCain is helping matters or making things worse. All I can do is listen to the opinions of those in that were actually in the room.


Chrissy
mom to Aidan 8/21/03
Grayson Blaine 12/30/07

iVillage Member
Registered: 09-08-2006
Fri, 09-26-2008 - 11:12am

It all depends on what view each politician sees for our future.

 

iVillage Member
Registered: 09-15-2008
Fri, 09-26-2008 - 11:21am

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iVillage Member
Registered: 03-19-2003
Fri, 09-26-2008 - 12:40pm
And you are taking your information from the Huffington Post.....a most liberal site that can't say anything good about Republicans.
iVillage Member
Registered: 12-21-2006
Fri, 09-26-2008 - 1:55pm

Yes, but McCain is ALSO the man that was saying just days ago that if we didn't "get this done NOW" and get it "taken care of" that our country would spiral into another great depression. HE was the saying that this NEEDED to be done and that we HAD to bail out these companies to save the American economy!!!



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iVillage Member
Registered: 09-03-2008
Fri, 09-26-2008 - 3:29pm

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iVillage Member
Registered: 09-03-2008
Fri, 09-26-2008 - 3:32pm

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The problem with that is that the only opinions that the liberal media will tell you about are the angry democrat opinions.

iVillage Member
Registered: 05-06-2007
Fri, 09-26-2008 - 3:46pm


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The problem with that is that the only opinions that the liberal media will tell you about are the angry democrat opinions.

Chrissy
mom to Aidan 8/21/03
Grayson Blaine 12/30/07

iVillage Member
Registered: 09-07-2008
Fri, 09-26-2008 - 4:01pm

>>As for your family finances....at the risk of sounding politically incorrect...part of the problem with Americans is that they have more children than they can afford and then blame the government for their predicament.

 

iVillage Member
Registered: 04-09-2007
Fri, 09-26-2008 - 4:07pm

How did the $700 billion bailout become the Democrats idea?