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September 30, 2008

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Michael Ejercito

No bailout can pass if the American people overwhelmingly oppose it.

Neal

I'm mixed on the bailout plan, because, like many, am uncertain that it is anything more than another case of Corporate Welfare. It bails out those greedy folks who got caught and badly at that.

Also, regardless, this issue is quite important and it irks the hell out of me that both sides of the aisle in Congress would play politics. I would hope that for once in their careers, our elected representatives might do what is the right thing for the country.

Not the Mamma Cass!

The linked-to post describes this as a call with analysts, not investors: which is it?

Average Joe

Mamma,

Who cares? It doesn't change the salient points of the story. Many analysts work for companies that have an investment arm these days. That's part of the problem.

ciesko kid

There IS an alternative, of sorts, proposed by Rep. Marcy Kaptur, Toledo OH, @ the URl above.
Also, the way the savings and loans were "bailed out" back in the '80s could be used.
Don't believe the hype, people! Keep phoning the office of your Rep., look for it on www.congress.org

ciesko kid

Ok, this URL, on YouTube, for the Rep.Kaptur ideas.

http://fr.youtube.com/watch?v=S27yitK32ds

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Meanwhile, Democratic and Republican leaders promise to try again with a revised bailout plan when they reconvene Thursday. Already the U.S. Chamber of Commerce and the National Association of Realtors are busy trying to pressure GOP lawmakers into approving a bailout plan, threatening to withhold campaign cash from those who don’t.

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