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September 29th, 2008 | Comments Off
Looks like the majority of the House agreed with me. The financial bailout in its current form is dead.
The usual way to fix this is for Congress to lard up to bill with pork so that more Congresscritters will vote for it. Watch for that approach to be forthcoming. Congress can be bought. It’s just a matter of the price, now.
OTOH, it is remotely possible that the Congressmen and Congresswomen that voted this bill down might vote for a new bill, with no bailouts for foreigners or mismanaged companies, no purchases of securities other than mortgages and strict controls on the Treasury Department.
Or, pigs will fly.
Fire Congress!
Filed under: American Economy, Commentary, Original writing · Tags: Emergency Economic Stabilization Act of 2008, financial bailout, financial crisis, government bailout, mortgage bailout, mortgage crisis, toxic mortgages
On Y!CN
Star of Hope is a nondenominational Christian organization that equips children across the world with knowledge, physical well-being, spiritual growth and social skills through educational programs and local and international partnerships. Please donate!
Bailout Fails!
September 29th, 2008 | Comments Off
Looks like the majority of the House agreed with me. The financial bailout in its current form is dead.
The usual way to fix this is for Congress to lard up to bill with pork so that more Congresscritters will vote for it. Watch for that approach to be forthcoming. Congress can be bought. It’s just a matter of the price, now.
OTOH, it is remotely possible that the Congressmen and Congresswomen that voted this bill down might vote for a new bill, with no bailouts for foreigners or mismanaged companies, no purchases of securities other than mortgages and strict controls on the Treasury Department.
Or, pigs will fly.
Fire Congress!
Table of contents for Fire Congress
Filed under: American Economy, Commentary, Original writing · Tags: Emergency Economic Stabilization Act of 2008, financial bailout, financial crisis, government bailout, mortgage bailout, mortgage crisis, toxic mortgages