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Deal Reached on Financial Markets Bailout
Breitbart via AP ^ | 9/28/08 | CHARLES BABINGTON and ALAN FRAM

Posted on 09/28/2008 12:30:41 AM PDT by xtinct

Due to AP restriction click link


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 110th; acorn; bailout; corruption; financialmarkets; paulson; tammanyhall; taxpayerrape; teapotdome; wallstreet
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To: MrPiper

add to say the WHOLE THING WORRIES ME, but that bit more so.


81 posted on 09/28/2008 4:35:11 AM PDT by MrPiper
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To: ThePythonicCow

What’s your take on the housing market in the next year or so?


82 posted on 09/28/2008 4:36:16 AM PDT by randita
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To: drellberg
Money is debt which is being destroyed by paydown and default.

Every dollar of debt destroyed means that 8.65 dollars of money supply are lost due to the reserve ratio.

Things are worsening at a geometric rate.

83 posted on 09/28/2008 4:39:32 AM PDT by Vet_6780 ("I see debt people")
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To: screaminsunshine

It tells me that the average citizen needs to learn a lot more and actually participate in government.


84 posted on 09/28/2008 4:40:57 AM PDT by SumProVita ("Cogito ergo sum pro vita." .....updated Descartes)
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To: drellberg

Here’s something they didn’t teach you: Au=real $$.


85 posted on 09/28/2008 4:41:50 AM PDT by Jim Noble (When He rolls up His sleeves, He ain't just puttin' on the Ritz)
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To: ThePythonicCow

Boehner has been terrific!


86 posted on 09/28/2008 4:41:51 AM PDT by SumProVita ("Cogito ergo sum pro vita." .....updated Descartes)
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To: MrPiper
I read this as those whose debt is not in default and not owned by the government will have to pay by the original terms of the mortgage.

The flakes and deadbeats do not because the government can just adjust their mortgages to fit their tear-jerking circumstances.

87 posted on 09/28/2008 4:43:08 AM PDT by NoControllingLegalAuthority
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To: MrPiper
We all can sit here a speculate whether this "bailout plan" will be acceptable. What we need to realize is we allowed it to be "acceptable" for the crisis to happen in the first place!

I'm not paying for this! I will protest paying my taxes and I will take it to the streets!

88 posted on 09/28/2008 4:45:43 AM PDT by sirchtruth (Vote Conservative Repuplican!!)
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To: ThePythonicCow

A MOST interesting paper...

Thanks


89 posted on 09/28/2008 4:47:14 AM PDT by SumProVita ("Cogito ergo sum pro vita." .....updated Descartes)
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To: xtinct

This bill effectively ends the McCain campaign. If he votes for it, he loses the support of the conservatives. If he votes against it, he is seen as ineffective in his highly publicized return to Washington.


90 posted on 09/28/2008 4:49:46 AM PDT by djpg
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To: dixiechick2000

“The only reason that the House Republicans (that should be the name of a political group...they are obviously that fierce)...have any weight at all is that they command so much attention.

Why is that? It’s because they are identified with regular people.”

And because they have backbones....


91 posted on 09/28/2008 4:50:55 AM PDT by SumProVita ("Cogito ergo sum pro vita." .....updated Descartes)
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To: drellberg
"What happens in all of this to the velocity of money? I recall my undergraduate macroeconomics classes having this equation: MV = PQ, where M is the money supply, V is the velocity of money, P is the price level, and Q is real GDP."

Never mind the math. The oil and bond markets are betting that the dollar does down and inflation goes up if this thing passes.

92 posted on 09/28/2008 4:52:04 AM PDT by Batrachian
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To: monkeyshine
Not the fed, its the US treasury.
93 posted on 09/28/2008 4:54:57 AM PDT by jd777
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To: HarleyD

TOTAL DISASTER!

VOTE NO!!


94 posted on 09/28/2008 4:56:51 AM PDT by jd777
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To: xtinct

I wonder if this draft includes any reins on Fannie and Freddie? These two organizations must be brought to heal.


95 posted on 09/28/2008 4:57:03 AM PDT by engrpat
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To: ronnie raygun

I doubt that it’s in this bill. However, if Obama is elected, you can be sure that more money will be headed Acorn’s way. However, given the entire scope of this thing, that seems a minor thing now....


96 posted on 09/28/2008 4:57:25 AM PDT by SumProVita ("Cogito ergo sum pro vita." .....updated Descartes)
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To: ari-freedom

acorn was probably added so that republicans would be so willing to accept all kinds of other junk just to get ACORN dropped


Bingo!!


97 posted on 09/28/2008 4:59:49 AM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: bert

GE is on my S%%%% list for several reasons, one being its dealings with Iran.


98 posted on 09/28/2008 5:00:23 AM PDT by SumProVita ("Cogito ergo sum pro vita." .....updated Descartes)
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To: xtinct

BOHICA


99 posted on 09/28/2008 5:01:19 AM PDT by VictoryGal (Never give up, never surrender!)
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To: NoControllingLegalAuthority
I read this as those whose debt is not in default and not owned by the government will have to pay by the original terms of the mortgage. The flakes and deadbeats do not because the government can just adjust their mortgages to fit their tear-jerking circumstances.

Yep, me too. If you were a flipper, and purchased a house for 250K nd now its only worth 150K, you can stop making your payments, renegotiate for the 150K/and lower fixed rate and when the new bubble brings it back up to 250K, what a deal!

Of course us taxpayers eat the lost 100K! Glad I have no kids.

100 posted on 09/28/2008 5:02:12 AM PDT by MrPiper
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