…on the bail out. Darleen has the details.
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Recent Comments
- In The Mailbox: 02.28.23 (Afternoon Edition) : The Other McCain on Hey, longtime pw readers…
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This thinger Mr. Reynolds linked is very helpful too I think. I think it is a decent bill probably. Too bad all those stupid people bought houses they couldn’t afford. You have to wonder how they got to the point of house-buying being so stupid. It seems like just getting through your day would be a big challenge when you’re that stupid.
I would like a house please. Can you make it so I don’t actually own any of it and they can jack my interest rate up later? wowsies kthx I go pack now.
I’m beginning to hope for a day when we don’t have to use the word tranches so much. Let’s tranche this, and, Ok, we’ll just tranche these then too. I’ll show you my tranche if you’ll show me yours. Feh.
This is sort of anticlimactic so far though. Baracky must have slept in or else he’s all demagogued out from the debate.
B. has his good buddy David working the airwaves this morning. If I absolutely had to use tranche again maybe I’d be ok with tranching David Axelrod so like, y’know here’s a slice for you South Dakota, and here’s one for you Connecticut and one for you West Virginia, oh and you over there Nevada, here, catch.
Here is a question I would ask anyone that parrots the “deregulation caused this” talking point.
Q: What regulation (or lack of regulation) can you specifically cite that would have prevented the Triple A credit ratings for all these sub-prime bundles?
They can’t answer that question.
Firms taking advantage of the bailout would be required to limit compensation for senior executives, with especially severe limits on “golden parachutes” at failing firms. The compensation limits will be enacted primarily, but not solely, through the tax code by reducing tax deductions for firms that pay executives more than $400,000 a year.
Let’s just go ahead and knock this wall down while everybody is distracted.
Why don’t you take that over to GovBluntthread and ‘splain it to the human candidiasis infection, Vic. It could use a dose of Monistat.
Done.
I am rather happy that the fire in that house did not reach over and consume mine.
Bank runs are bad things.
I will proudly support the bailout right after Frank, Rangel, Pelosi, and Reid are stripped, whipped, tarred and feathered, and rolled down the Capitol steps.
Until then, let the nation burn. Because if we don’t change the cast, the play will just keep on running in a loop.
Sorry, TmjUtah.
I’m not one for burning a bridge while I am still on it.
Leaving the architects AND the underlying philosophy untouched means that what is “worst case without a bailout” for opening markets tomorrow will look like unicorns and butterflies compared to the collapse that must come after we build another Potemkin on top of what we have now.
I didn’t say I’d enjoy what’s coming. But I admit I always hated waiting for the show to open.
Bridge is burning quite fiercely already, MikeyNTH. And our government has just forced the crew from “This Old House” onto the span to install a bidet and granite counter tops. No sprinklers, alas.
The idea is they build so fast and well that EVERYONE who uses the bridge ignores the roaring flames, the bits falling off into the water far, far below, and just drives on over like they always have before. Maybe they’ll toss another nickel in the toll basket as they hit the approach? Surely they’ll remark “I’ve always thought that brushed brass was tacky against pink granite, but now I’m not so sure… hey, do you smell smoke? Should these seats be smoking?”
You, me, thor, and all our other friends didn’t even get a peek at the samples book before our wages, savings, future earnings, and estates were garnished for the job.
Without a solution that begins to acknowledge the corruption and political crime at the bottom of the problem, we are just enabling.
TTBO.
Yep.
They keep saying this bail out is better than the alternative. What the alternative is they never get around to explaining. To let the market work? That we might be in a recession that has yet to be announced?
I hope the bill is defeated.
TmjUtah,
If it’s any consolation, thor is going to lose a shit load of money on the Euro today.
Your failure to pay attention is not their failure to explain. The alternative has been explained ad nauseum.
Ain’t that the truth. And with the bill as the Dems wanted it, we were about to buy the junkie more dope. Until we’re retooling/scrapping the CRA, we’re just pissing in the wind. Also, we know what happened to Bear Stearns, Merrill Lynch, WaMu and Countrywide, etc. But now that we own them lock, stock and barrel, when will we know what happens with Fannie and Freddie?
Willwee Pabwo? Even for guy with a reputation as an airhead your comment comes off as airheaded.
They’ll be a great depression!!! Maybe!! Or a really nasty recession!!! Likely! Or another Bushian-McRepublican economic tsunami!!!11!elevanty!!!11!!
We so need a tsunami to wash the right-wingered sheeple into the sea. Rush Limbaugh would float like a cork pig all the way to Cuba.
I have this sudden urge to beat the living shit out of Charlie Rangel.
thor, wipe your chin.