Banker Writes Letter AGAINST The Bailout

[lupi]

Originally posted by: jpeyton
Pelosi says no to "blank check" bailout that the GOP/Paulson are calling for.

Yeah, she doesn't want that blank check cause she wants an even bigger one.

 

[Craig234]

Originally posted by: lupi

Originally posted by: jpeyton
Pelosi says no to "blank check" bailout that the GOP/Paulson are calling for.

Yeah, she doesn't want that blank check cause she wants an even bigger one.

Why do you just post lies like that? Can you put up evidence to back up your claim? She isn't asking for a bigger blank check, she's adding oversight and conditions on it, such as protections for homeowners and restrictions on the big pay packages for the outgoing CEO's who ran the companies to where they are.

 

[BigDH01]

Originally posted by: PokerGuy

Originally posted by: BoberFett
You still think Democrats will do anything differently? I'm not sure who's more deluded: people who still believe the Republicans are for smaller government or Democrats who think their party hasn't been sold to the highest bidder.

Absolutely correct.

I haven't seen enough details of the proposal to really have an opinion, but to all those saying "just let them fail!" etc etc, you're failing to consider the implications for the public at large, including you. Innocent people who have done nothing wrong will get hurt, and badly.

That's not to say this is the "must have" plan, but something definitely has to be done if a meltdown can be prevented.

It's too late for the American public to be "saved." The middle class is going to get screwed regardless at this point. The institutions fail and we get screwed. Gov't throws money at the problem, and we get screwed. It's only the rich that get saved.

 

[shiner]

Originally posted by: BoberFett

Originally posted by: jpeyton

Originally posted by: Jaskalas

Originally posted by: jpeyton

Originally posted by: bamacre
Way to avoid the question.

All we have is Paulson's plan right now. We'll see if what comes out of the House and Senate amounts to a blank check or not.

Both candidates aren't second guessing Paulson at this moment because no candidate with a political IQ over 70 would tell the American people to let these companies fail. Yes, I will freely admit the sad reality that affects both Obama and McCain; the fact that they're campaigning means they'll ride the fence on this.

Why the hell not?

Maybe we haven't made it clear enough that bailing out these companies makes them public enemy number one.

You can make it clear with your vote in November. Just vote third party; that'll really show them you're serious.

You still think Democrats will do anything differently? I'm not sure who's more deluded: people who still believe the Republicans are for smaller government or Democrats who think their party hasn't been sold to the highest bidder.

Stupidity pays no attention to party lines.

 

[Jaskalas]

Originally posted by: jpeyton
Pelosi says no to "blank check" bailout that the GOP/Paulson are calling for.

Well that is a positive sign, now we'll see if she follows through with it or not.