http://www.ft.com/cms/s/0/83bfe68c-8a8f-11dd-a76a-0000779fd18c.html

Hmmm…$25,000,000,000 in loans to save 100,000 jobs. My math: $250,000/worker.

Welcome to the wonderful world of Musolini. Taxpayers support an industry that manufactuures products nobody wants. Captains of industry get heaps of money for running companies that fail.

Makes you kind of wonder what the politicians get for the scheme, doesn't it?

If you haven't seen the movie "Tea With Mousolini" do it. I think I want Warren Buffet in charge.

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

Re-elected again and again?

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

Oooh, this is what they get:

Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008

Name Office Party/State Total
1. Dodd, Christopher J S D-CT

$133,900
2. Kerry, John S D-MA

$111,000
3. Obama, Barack S D-IL

$105,849
4. Clinton, Hillary S D-NY

$75,550
5. Kanjorski, Paul E H D-PA

$65,500
6. Bennett, Robert F S R-UT

$61,499
7. Johnson, Tim S D-SD

$61,000
8. Conrad, Kent S D-ND

$58,991
9. Davis, Tom H R-VA

$55,499
10. Bond, Christopher S 'Kit' S R-MO

$55,400
11. Bachus, Spencer H R-AL

$55,300
12. Shelby, Richard C S R-AL

$55,000
13. Emanuel, Rahm H D-IL

$51,750
14. Reed, Jack S D-RI

$50,750
15. Carper, Tom S D-DE

$44,389
16. Frank, Barney H D-MA

$40,100
17. Maloney, Carolyn B H D-NY

$38,750
18. Bean, Melissa H D-IL

$37,249
19. Blunt, Roy H R-MO

$36,500
20. Pryce, Deborah H R-OH

$34,750
21. Miller, Gary H R-CA

$33,000
22. Pelosi, Nancy H D-CA

$32,750
23. Reynolds, Tom H R-NY

$32,700
24. Hoyer, Steny H H D-MD

$30,500
25. Hooley, Darlene H D-OR

$28,750

source = http://pfds.opensecrets.org/092408.html

http://www.cnn.com/2008/POLITICS/09/23/dodd.qanda/

Chris Dodd's revised plan

"
Chetry: Let's look at some of the things you want added or in some cases taken out. Under your [revised version of the bill], you feel there should be some foreclosure assistance -- if Wall Street is getting some help, Main Street should be getting help, too, especially for those struggling homeowners.
You want limits on executive compensation. You don't want CEOs to get millions of dollars in packages for a failed company. You talk about an oversight board over the Treasury. Why are these so important to include, and what if they end up costing more?
Dodd: Well, let me tell you why. First of all, we have almost 10,000 foreclosures occurring every day. For the last 18 months on a daily basis, I've had 65 hearings since July of 2007 begging the administration to do something about the foreclosure problem. They admitted today if you don't deal with 10,000 foreclosures a day -- that's the bulk of these bad debts that are out there -- so you need to do something about that to stop the hemorrhaging. That's No. 1.
No. 2, I won't give a check for $700 billion, for 41 days, to this secretary or any secretary without safeguards built in -- accountability, transparency, oversight. That's just not going to happen.


Congress has its own bailout plan:
http://money.cnn.com/2008/09/25/news/economy/deal_reached/index.htm?postversion=2008092513

__________________
1984 300TD

I bet Darlene Hooley feels kinda left out.

__________________
MB-less

Oh great -- let's (A) reward industries that made bad business decisions with billions of bucks paid by taxpayers (who incidentally, didn't want their products) and also, (B) let's reward people who made bad loans by forgiving them.

Let me guess who is going to pay for (A) & (B).

B

Shocked, SHOCKED I tells ya!

And he got a spiffy little home loan to boot. Of course he denies any knowledge of special treatment.

And continues to feign outrage over the mess it has become. First he was pissed at the bailout, now he's pissed at the last minute Conservative stalling.

__________________

1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15
'06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)

Yeah it sucks pretty bad.

So far though, at least it's better than the Republican plan. The House Reps are proposing that the Fed only ensure private sales of these debts (basically crossing their fingers and hoping that creates a "toxic debt" market) and a 3-year elimination of the capital gains tax, which makes no sense because these debts are going to be sold for a loss, not a gain. Not to mention, the reason AIG is busto is from offering precisely the same insurance that they're proposing the U.S. Government offer.

And that's a step forward from Paulson's 'gimme a blank check to do whatever we decide to do, and not let you look at what we're doing.'

__________________
1984 300TD

Any questions?

I like what Sierra Leon's President just signed into law. All government officials have to make their personal financial records public. What a good idea! Umm Mr. Senetor where did this $2m deposit come from?

We should require the SOB's to post them on the internet for all to see.

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

It ain't their money, they don't give a damn.

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Those are contributions from employees.

Why'd you have to ruin it, he was having so much fun with that.

__________________
1984 300TD

Oh, $100K from employees doesn't count.

Got it.

B