rimrocker - are you capable of original thought or do you just pump out liberal trash links all day? Care to address my earlier post on Krugman's article? TIA
Wow. That original thought insult really stings. While I'm recovering emotionally, why don't you offer us another post on Obama's blackness.
Different approaches... Doug Elemendorf, Brookings... http://www.brookings.edu/opinions/2008/0919_treasury_plan_elmendorf.aspx Dean Baker, Center for Economic and Policy Research... http://tpmcafe.talkingpointsmemo.com/2008/09/20/progressive_conditions_for_a_b/ Yves Smith.. http://www.nakedcapitalism.com/2008/09/why-you-should-hate-treasury-bailout.html#Contributors William Buiter, LSE... http://blogs.ft.com/maverecon/2008/...ebt-for-equity-swap-for-the-financial-sector/ Luigi Zingales, U of Chicago... http://faculty.chicagogsb.edu/luigi.zingales/Why_Paulson_is_wrong.pdf Sebastian Mallaby, WaPo... http://www.washingtonpost.com/wp-dy.../09/20/AR2008092001059.html?hpid=opinionsbox1 Robert Reich... http://tpmcafe.talkingpointsmemo.com/2008/09/21/what_wall_street_should_do_to/index.php
Whheeeee! Good for America! I'm so glad politics have been set aside for this absolutely necessary not to change gift to a bunch of screw-ups.
Email from a Dem Congressman... (I *** the bad words.) This brings up a point, though several won't see it because they think this whole thing is above politics and in the best interest of the country... the Repubs aren't going to vote for this in any significant numbers. They will let the Dems pass it and then run against the great Wall Street giveaway under the guise of the average everyman.
If the Dems are stupid enough to pass this without added regulation, discounted value for these toxic securities, and reform for all the bailed out parties, then they're fools who need to be gutted and fished.
^Yeah... Obama saved himself a bit in my eyes. The Devil is in the details, and I hope he'll outlast the ensuing media blitz from his adversaries should he make his concerns a strong issue. I understand the risks of delaying action, but there are more jackals salivating bailout than those who want to wake up from this nightmare and change (interest rates are still historically low). I think they can hold out a week or two, unless the parties that can't are really insolvent rather than their claims of being illiquid. A definite bailout in the works will calm fears of a panic, and should there be a greater crisis as a result of a 1-2 week delay, then there's no guarantee this bailout would've stomped the fire in the first place. It's plain ol' ploy of ratcheting up fear to prevent sound thinking. Paulson did his part by calming the markets on Friday with promise of solid action, now Congress has to perform their responsibilities and hash out a deal while knowing the real stakes at line.
700B to bail out wall street... man this administration has no qualms about living large on the credit card... although i dont think the us taxpayer should be stuck w/ the check, it has to be done to avert a bigger disaster... for all those repubs talking about dont raise my taxes, i dont know how tax cuts will stimulate the economy into higher tax revenues for the gov now. we had 8 yrs of tax cuts and the debt has actually increased from 6T to 9T... the day when foreign investors finally decide "hey the us will never be able to repay their debts, lets just cut our losses..." may be coming soon.
Here is some commentary and suggestions from a fund manager. He outlines why he thinks the initial proposal is to bail out corporate bond holders and what he thinks should be done instead. Follow the link for the whole thing. http://hussmanfunds.com/wmc/wmc080922.htm
Well, this changes everything. If Cheney's in favor and willing to put pressure on Repubs, then it must be a good plan, right?
