NYT reports: Senate leaders scheduled a Wednesday vote on a $700 billion financial bailout package after agreeing to add tax breaks and a higher limit for insured bank deposits in a bid to attract enough votes to reverse a shocking defeat … [Read more...]
Senior Shock Ahead
Cross-posting: This appears at Marry in Massachusetts. As background, we need to know that this group has sloughed off its sociologists' original nickname, The Entitlement Generation. Somehow that got passed along to the young workers, … [Read more...]
Support Bernie Sanders’ plan
The vote. We need to announce primary challenges to those who supported the plan NOW, to commence in earnest late next year, after serious exploratory committees and real financing are lined up. $2300 for every man woman and … [Read more...]
Barney Frank Nails House Republican Whiners
Here's the video: … [Read more...]
Point and Counterpoint on the Bailout
I wrote my congressman and let him know I opposed the bailout. For those of us old enough to remember the Savings and Loan crisis and the fallout, this latest financial meltdown was all too predictable. Just as predictable that Tom Menino … [Read more...]
Who killed the bailout? The folks worried about keeping their seats
This was never about party (Democrats voted yes 140-95; GOP voted no 65-133 -- about as bipartisan a House vote as we've seen in some time). Nor is it about a few lawmakers' feelings being hurt by Nancy Pelosi -- honestly, if there's … [Read more...]
BMG – lets write that better RESTRUCTURE [not “bailout”] bill together – an OPEN THREAD
OK - Congress has tanked so far. Neither candidate has come up with a plan. How about this: Together WE can. Collectively. Am I serious? You bet I am. For starters, STOP calling what is needed a "bailout" - START calling … [Read more...]
Getting Ahead of the Next Big Bailout
First, even if we can work away at the mortgage crisis, we still have a huge problem with credit card debt. IMHO, we need a national usury law-the current state-by-state approach leads to a classic "race to the bottom" with lenders … [Read more...]
Do you really Know who John McCain is and was
Ad in, post the Keating scandal, to McCain's legacy his cosponsoring, supporting and voting for The Enron loophole that led to the Corporate collapse and the energy price manipulation that almost bankrupted California and it's … [Read more...]
It’s raining, but the sky doesn’t seem to be falling
I realize this is more opinion than diary. But I am feeling less and less every day like there's a real problem here that we can't solve without this bailout? WaMu crashed, and the FDIC stepped in and solved the situation (thanks FDR and … [Read more...]
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