DISQUS

The Washington Independent: Senate Blasts Bush’s Bailout Plan

  • winston smith · 1 year ago
    A tired-looking Paulson responded with vague promises of ......

    what was he tired of? five hours of finance 100 where he had to answer the same basic question over and over and over again in a room that was supposed to be filled with the financial experts in the legislature maybe.

    how can you call this the Bush plan? are you saying that Paulson is just a messenger boy?

    you also go to the point of not understanding the conflicted role that Paulson and Beanake play of needing to not cause panic while needing to be honest. They can not go on national television and say something like well i think things are fine but it's a house of cards like their boss did. They need to be cheerleaders and to keep their finger on the pulse. It's a bit disingenuous to be saying now that these guys are intentionally creating panic where none is warranted or have a record of being so wrong in the past that they can not be trusted right now.

    get a grip. Buffett has got to be one of the most honest people in the country and one of the best finance guys who also has access to something other than the Dow as a barometer for the Credit markets. He too has verified what Paulson and Bernake have said about last week and stated in no uncertain terms that he trusts them and see's their plan as the most sensible plan.

    He's on tape on MSNBC listen to it before it's too late. http://www.cnbc.com/id/15840232?video=866157810...
  • Scrooge · 1 year ago
    We don't need cheerleaders. We need competence.

    The US govt should go through and partner with financial institutions that steered clear of toxic assets in the first place.

    Split the $700 billion at nominal interest rates among people like Warren Buffett, Bill Gross and Bloomberg, and let them buy up the assets with tax exemption from any profits associated with such purchases.

    Reward the companies that didn't create the mess in the first place.