"Executive compensation and so-called "golden parachutes" - big payouts to departing business executives - would be severely restricted for companies benefiting from the plan."
Why are they getting ANYTHING?
"An oversight board would be created, and after five years, if the government had lost money on the deals, the president would be required to submit legislation to tax financial companies to recoup the losses"
So the TAXPAYER is ONE the HOOK for this whole thing -- with NOTHING in the LEGISLATION to PROTECT US? The NEXT PRESIDENT will have to SUBMIT LEGISLATION to GET the LOSSES BACK?!!!! What if DOESN'T PASS? (Your wallet just got a whole lot lighter, 'murkn)!
"Lawmakers in both parties complained that they were being asked to vote quickly on a massive package without being given the chance to read it carefully"
And what does THAT REMIND YOU OFF, America? Iraq, Patriot Act, tyrannical spying powers?
VOTE NO, America, and make those that do pay!
"Leaders plead for a yes today; Skepticism remains as House approaches vote on $700b bailout" by Susan Milligan, Globe Staff | September 29, 2008
WASHINGTON - House and Senate leaders yesterday anxiously pleaded with skeptical lawmakers to accept a bipartisan $700 billion financial bailout plan, saying the package was crucial to calm the markets and stave off what they warned could be the worst economic crisis since the Great Depression.
Failure to approve the package, which bleary-eyed House and Senate negotiators agreed to early yesterday morning, would cause "an event which we don't want to conceive" of, said Senator Judd Gregg, Republican of New Hampshire and a lead negotiator of the package.
I'm TIRED of being LIED TO so SOME ELITES can LOOT US and ADVANCE an AGENDA!!! PERIOD!!!!!!!!!!!
Both presidential candidates offered tentative support for the package yesterday.
Translation: BOTH CANDIDATES WORK for WALL STREET!!
And I thought there were MORE than TWO candidates running for president, MS?
WTF?
Some lawmakers in both parties said they were reluctant to vote for the highly unpopular bill, saying their constituents saw it as an unfair taxpayer rescue of an industry that had run itself into the ground with bad business decisions. "My vote will not be 'no,' but 'hell, no,' " said Representative Dennis Kucinich, Democrat of Ohio.
COME ON ABOARD, lefties, we would LOVE TO HAVE YOU!!!!!
Gregg said he expects the measure would ultimately pass both chambers of Congress, but individual members said a substantial number of lawmakers in both parties still disliked the bill.
I wouldn't be to sure of that, guy! After all the lies and looting, you fools pass this and there may be blood in the streets when you get home -- your blood!!!!
Executive compensation and so-called "golden parachutes" - big payouts to departing business executives - would be severely restricted for companies benefiting from the plan. An oversight board would be created, and after five years, if the government had lost money on the deals, the president would be required to submit legislation to tax financial companies to recoup the losses.
"This isn't about a bailout of Wall Street, it's a buy-in, so that we can turn our economy around," said House Speaker Nancy Pelosi, Democrat of California.
You are the first to be hung, Pelosi!
While the $700 billion figure made eyes pop on Capitol Hill and in lawmakers' districts, Gregg vehemently repeated that the actual cost would not be that high, since the government would eventually sell the assets once the housing market had stabilized, perhaps making some cash on the deal.
Assuming the market "stabilizes" and "returns to normal" -- by no means a guarantee!
"We may lose some money. We may break even. We may make some money," Gregg said. "My gut tells me we are going to make money for the taxpayers."
ALL CON MEN SAY THAT!!!!
Pelosi and House minority leader John Boehner, Republican of Ohio, huddled with their caucus members in separate, closed sessions yesterday evening to explain the package to skittish lawmakers. Boehner said he did not know how many of his fellow Republicans would vote for the measure. "I'm asking every member of our caucus whose conscience will let them to vote for this bill," Boehner said after emerging from a grueling 3 1/2-hour meeting with the GOP caucus last night.
Boehner, like Pelosi, just another elitist tool!!!
Congressional negotiators in both parties, as well as the White House, want a bipartisan vote to send a soothing message to the markets and to ensure that neither party is disproportionately punished by frustrated voters.
Translation One: Washington is AGAINST the PEOPLE and FOR CORPORATIONS!
Translation Two: Party affiliation WILL NOT MATTER, because ANY POL who VOTES FOR THIS is GONE!!!!!!!!!
Don't look to HIDE behind the OTHER PARTY, guys!!!!
"There's a perception [among voters] that the people on Wall Street who behaved badly are going to be protected, and people on Main Street don't get a lot," said Representative Jim McGovern, a Worcester Democrat, who said he is undecided on the bill.
Why is the PUKE LIBERAL "undecided?" Watch, he will be a YES!!!!
And it is just a "perception," 'eh, Jim, not a REALITY?!!!!
Lawmakers in both parties complained that they were being asked to vote quickly on a massive package without being given the chance to read it carefully. Representative Brad Sherman, a California Democrat, met with skeptics of the deal yesterday and reported that there was "a range of opinions, from 'hold your nose and vote for it,' to 'vote no,' to 'scream no.' "
NO, NO, NO, NO, NO, NO, NO!!!!!
The package is the latest in a series of Bush administration initiatives that have angered the party's conservative wing, many of whose members believe the GOP has abandoned its philosophical commitment to smaller government, less regulation, and reduced debt.
Some conservative Republicans said the bailout package was another retreat from GOP principles - and said their constituents wouldn't like it. Representative Walter Jones, Republican of North Carolina, said his office had been deluged with calls on the bailout, and that he took more than 40 of the calls himself.
Wow, what a GREAT CONGRESSMAN!!!
None, he said, was in favor of the package. "You can't do this to the American people - it's unfair," Jones said, adding that he had decided to vote against the plan. "I'm at peace with my God," he said. --more--"
Jones has also turned against Iraq war.
What is wrong with liberal Democrats these days?
Wall Street Writing Bailout Bill
How Much Has Been Spent on the Bank Bailout So Far?
Wall Street Took the Money and Ran
The Credit Crunch is a Conspiracy
