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The Washington Independent

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Hyperventilating on the Bailout

Started by washingtonindependent · 9 months ago

Treasury Sec. Henry Paulson tried to push Congress into accepting the administration's bailout plan. But the House pushed back. Hard. ... Continue reading »

5 comments

Indianagal
9 months ago

Couldn't agree more with Mr. Morris. He is absolutely correct in everything he says. I for one was delighted to see it fail yesterday and happy some democrats had the guts not to just go along with it. Let's just hope congress continues to listen to the American public and not allow this bailout to pass. We will recover!

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wooD
9 months ago

Agreed, but I don't think it'll die, they'll bring it back as the 7.2billion dollar bailout. My latest webcomic has been covering this. http://facebigelow.blogspot.com. Enjoy.

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GreggT
9 months ago

I'm having trouble finding the text of the legislation the Senate will vote on. It sounds like they will be tacking the House bill to another bill on energy incentives, but news reports seem to indicate there are substantive changes to the House text. Anyone else had any luck trying to figure out what exactly is being proposed?

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Mr. Main Street
9 months ago

Wow. Glad to see this, esp. after reading Thomas Friedman in today's NYT charging anti-bailout members of Congress with "recklessness and incompetence".

Volcker by cured the crisis of the late 70's/early 80's by cutting money supply. Is this what you mean by deleveraging? Is it what the Fed should be doing now?

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