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!
wooD
· 1 year 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.
GreggT
· 1 year 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?
Mr. Main Street
· 1 year 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?
GreggT
· 1 year ago
The full text of the bill has been posted on CNN's front page.
All Comments
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?