Bail out Failed the House
 

Dems 140 95

Repub 65 133


Yea 205
Nay 228

wow, the Repubs said no.....

Bail out for rich white guys in NYC paid for through extortion of middle class taxpayers.

No thanks,

B

For a minute the Dow was down 690 points,,,,, YIKES!!!:eek:

Yay!! Wait, it didn't pass? Hmm...Then they're going to have a hard time paying this back.:rolleyes:

http://www.reuters.com/article/ousiv/idUSTRE48O9B920080925

Consider this:

Why do we need a government bailout in the first place? The idea was the gov would buy all these bad assets and free up capital for banks to start lending again.

BUT

Why does it have to be the gov't? Is the private sector not capable of healing itself? Case in point: C buys WB. C bought what it wanted and cost the taxpayers nothing! If WB assets were truly toxic, then why was there a non-gov't buyer???

Something is not worthless if there is someone out there who is willing to pay money for it. Granted it will be much less than initially thought but hey, let the market decide who stays and goes.

Too few people see it that way B but I agree with you. People cannot fathom the amount of money the sellers/traders/hedgers make, they get a glimps at some CEO pay that is smitten to Wall Street, with a Net Worth of less then 50 Million your a piss ant.

And-
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide
But at least the executive didn't get more power, I guess? One black-hole is as good as the next, it doesn't make a difference.

This whole voting down of the bailout makes me proud to be an American.

The King (GW) wanted this and the people (through the Senate) said no.

How many places on earth can you find such a place??? This democracy has without a doubt many faults, but I'll take it over any dictatorship or puppet government.

When I was a kid living in the DDR, we would line up for poorly made essentials because we had no choice. I like having a choice!

Nobody can come out and explain what this means because if they did it would cause a panic – it may anyway.
What it means is that your credit cards will be cancelled soon. If you work for a business that uses a line of credit they may not make payroll next Friday. Car dealers are folding because they can not floor plan their inventory. Foreign investors may sell the bonds they hold and drive up interest rates. Farmers are unable to finance the seed and fertilizer they need for the winter wheat crop.
If foreigners don’t support the bond market two months from now the government will be forced to cut payrolls and suspend Medicare and social security payments. They’ll print the money to avoid that and people will convert it into anything of real value driving prices up very fast. Once this gets rolling it will be very hard to stop.
Obviously they can’t say stuff like this

I guess I should know this, but what is the DDR?

That's probably true. Too bad nobody believes a word our "leaders" say.

I'm afraid you might be right.

Deutsche Demokratische Republik (East Germany).

A few errors, the House voted it down, not the Senate. It's a Constitutional Republic, not a democracy, and this is a puppet government, owned and run by private interests. The Federal Reserve bank for example? Congress ceded all power to it and the executive branch. Besides, didn't you see what I posted? They issued the banks money anyway, many times over.