Bush's cronies said that it's "unthinkable" their bailout won't pass by week's end.
Let's see who folds on this one. Bush and - as it has been demonstrated, totally everyone in his administration - are major assholes, but congresscritters will face elections sooner or later, and since the public response to bailout is very negative to say the least, perhaps that would scare them enough to either kill the bailout, or at least overtake the dying companies so that the one who foots the bill also owns the bankrupt morons.
Lì ci sono chiese, macerie, moschee e questure, lì frontiere, prezzi inaccessibile e freddure
Lì paludi, minacce, cecchini coi fucili, documenti, file notturne e clandestini
Qui incontri, lotte, passi sincronizzati, colori, capannelli non autorizzati,
Uccelli migratori, reti, informazioni, piazze di Tutti i like pazze di passioni...
...La tranquillità è importante ma la libertà è tutto!
Personally, I'd rather see the bailout fail to pass and global chaos than keep the pigmen on the binge of power and money at the expense of our freedoms and prosperity.
We need to shift the paradigm in our favour. The line must be drawn here, no further.
Just watched the Senate hearing on CSPAN. Paulson looks totally fried. Actually, if some more of the shock wears off, Paulson's "proposal" can fail.
Lì ci sono chiese, macerie, moschee e questure, lì frontiere, prezzi inaccessibile e freddure
Lì paludi, minacce, cecchini coi fucili, documenti, file notturne e clandestini
Qui incontri, lotte, passi sincronizzati, colori, capannelli non autorizzati,
Uccelli migratori, reti, informazioni, piazze di Tutti i like pazze di passioni...
...La tranquillità è importante ma la libertà è tutto!
Stas Bush wrote:Just watched the Senate hearing on CSPAN. Paulson looks totally fried. Actually, if some more of the shock wears off, Paulson's "proposal" can fail.
I suspect that the only thing that might move him is the sudden appearance of Warren Buffett with a suitcase of money at Goldman Sachs, dropping five billion to get possibly the most insanely nice deal I've ever seen, a hefty chunk of stock paying 10% dividends, warrants for common at a low price, and so forth.
I have no doubts that only Paulson's old roost being saved might make him stop completely. He's surrendering turf, but he hates it and is lying through his teeth the whole time.
Manic Progressive: A liberal who violently swings from anger at politicos to despondency over them.
Out Of Context theatre: Ron Paul has repeatedly said he's not a racist. - Destructinator XIII on why Ron Paul isn't racist.
Admiral Valdemar wrote:The FBI are investigating all the investment banks and associated parties. Looks like someone up there still believes in the Constitution.
Woot. Or the bastards ran out of bribe money to pay off the Fuzz. Cry me a river, caviar-eating greedy fatcats. Hope you like Nutraloaf!
Darth Wong wrote:When the government loaned Chrysler a shitload of money to keep them afloat a few decades ago, it was called a "bailout"
Actually, Chrysler obtained that loan though private financing, with the government merely guaranteeing it in exchange for warrants to buy up to 9% of Chrysler's stock. So yeah, if that was a bailout...
The M2HB: The Greatest Machinegun Ever Made.
HAB: Crew-Served Weapons Specialist
"Making fun of born-again Christians is like hunting dairy cows with a high powered rifle and scope." --P.J. O'Rourke
"A man who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself." --J.S. Mill
