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Lawmakers Reach Accord on Huge Financial Rescue (ACORN's out)
Washington Post ^ | September 28, 2008 | Lori Montgomery and Paul Kane

Posted on 09/28/2008 2:15:27 AM PDT by hocndoc

Lawmakers Reach Accord on Huge Financial Rescue Vote is Imminent on $700 Billion Bailout Plan

Congressional leaders and the Bush administration this morning said they had struck an accord to insert the government deeply into the nation's financial markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled assets backed by faltering home mortgages.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: 110th; acorn; bailout; corruption; rapeoftaxpayers; tammanyhall; teapotdome; wallstreet
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Pelosi promises us 24 hours to review before the vote, the Dems agreed to remove a provision that would have allowed probate judges to re-write mortgages and there will be no set aside for an "affordable housing fund" that's just a cover for groups like ACORN.
1 posted on 09/28/2008 2:15:27 AM PDT by hocndoc
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To: hocndoc

democrats asked for 150% of what they wanted and then ‘settled’ for 100%.


2 posted on 09/28/2008 2:18:58 AM PDT by ari-freedom (We never hide from history. We make history!)
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To: hocndoc

bump


3 posted on 09/28/2008 2:22:13 AM PDT by WorkerbeeCitizen (An inadequately policed Conservative)
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To: hocndoc

If McCain votes “present” or “yes” on this, he is toast. He MUST vote “NO” and not even “present”.


4 posted on 09/28/2008 2:22:32 AM PDT by Evil Slayer (Sarah Palin reminds me of the story about David and Goliath)
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To: hocndoc

washington post is snowing you.

http://www.freerepublic.com/focus/f-news/2091931/posts


5 posted on 09/28/2008 2:23:04 AM PDT by Tempest (http://www.youtube.com/watch?v=gNlXgzzdJQA)
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To: hocndoc

I have the feeling that this is all a boondoggle to save the asses of all those martini-drinking, limousine riding, very rich liberals who work at Goldman Sachs.


6 posted on 09/28/2008 2:23:24 AM PDT by SatinDoll (No foreign nationals in the Presidency! Obama, produce the Birth Certificate!)
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To: hocndoc
From 3 p.m. to 5:30 p.m., Conrad and other lawmakers met with Paulson around a massive table in Pelosi's conference room under an ornate portrait of Abraham Lincoln. Among lawmakers, Democrats outnumbered Republicans nine to two, an imbalance that so irritated Paulson that he called and complained to Senate Majority Leader Harry M. Reid (D-Nev.), according to three GOP sources familiar with the call.

Does not seem fair. Why were there not more Republicans present?

7 posted on 09/28/2008 2:23:53 AM PDT by rawhide
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To: rawhide
Reid told Paulson he would not pull any of his colleagues out of the meeting. A Reid spokesman, Jim Manley, said: "If the secretary doesn't like it, that's just too bad, because he is going to need the help of each and every one of them to sell the president's plan to the Democratic caucus and the American people."
8 posted on 09/28/2008 2:24:45 AM PDT by rawhide
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To: hocndoc
What about the other garbage such as the 56 billion in earmarks for Democrat cronies?
9 posted on 09/28/2008 2:28:37 AM PDT by OKIEDOC (The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
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To: hocndoc

Repubs will vote yes. This dog and pony show will go on and on until the death spiral hits rock bottom.


10 posted on 09/28/2008 2:31:06 AM PDT by screaminsunshine
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To: Tempest

Time tests all. Your news is more than 12 hours old.

We’ll see whether Pelosi keeps her deal or not.


11 posted on 09/28/2008 2:31:51 AM PDT by hocndoc (http://www.LifeEthics.org (I've got a mustard seed and I'm not afraid to use it.))
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To: hocndoc
I was just in Houston last week trying to get my late mother-in-law buried amid all of IKE's destruction. There was still no electricity at her house for over two weeks.

There were a few restaurants that did not throw out there spoiled food and served it anyway. These out to be shutdown after being dragged through the mud first.

This bail-out deal smells as bad as any spoiled food from all of the millions of refrigerators that lost power through IKE's path. But when you have a political party like the DEMs, which stink already, what can you expect.

I live about three miles from our local House Representative here in Round Rock, TX, and I have been burning up his ears about "MAN-UP" to these scumbags there in D.C. and not to vote for this piece of cr*p.

Though it will probably pass because of the limp-wimp leadership of the GOP, at least ACORN can get its NUTS roasted somewhere else.

Old Patriot

12 posted on 09/28/2008 2:32:37 AM PDT by old patriot ((Lived too long.))
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To: OKIEDOC

Yeah, I thought it was suppose to be a clean bill with NO earmarks. Also, I don’t see anywhere where ACORN is out of this. How did that get attached to the main article?


13 posted on 09/28/2008 2:32:44 AM PDT by Evil Slayer (Sarah Palin reminds me of the story about David and Goliath)
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To: hocndoc

Not happy, but would like to see Raines, Johnson and Gorelick go to jail for their part in this mess.


14 posted on 09/28/2008 2:33:26 AM PDT by fastrock (life will go on)
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To: Evil Slayer
I do not trust these folks.

The Democrats are liars and non trust worthy.

Who's not to say that come negotiations between the House and Senate that these corrupt organizations like ACORN and La Raza don't get added back in at some point.

I vote no on the fiasco known as the bail out.

15 posted on 09/28/2008 2:36:26 AM PDT by OKIEDOC (The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
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To: Tempest

That’s an older thead. The current reports are ambiguous or say the ACORN funding is out. Does anyone know for sure or have any actual bill language?


16 posted on 09/28/2008 2:37:24 AM PDT by Truth29
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To: hocndoc
Pelosi promises us...

And we are supposed to believe these shysters?



All smiles - Nancy Pelosi, Secretary of the Treasury Henry Paulson, right,
Senate Majority Leader Harry Reid, second left, and Sen. Judd Gregg, left,
announce a tentative deal on legislation regarding the financial crisis on
Sunday on Capitol Hill in Washington.

17 posted on 09/28/2008 2:39:11 AM PDT by XR7
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To: rawhide

Take this deal and shove it.

I don’t care if it ever passes.

It’s a total Democrat rip off, timed perfectly to give that lackluster Chicago punk-thug a platform...the economy...Bush is an absolute moron and the democrats are absolute thieves...why would Bush confide in Chuck Schumer’s friend?

This isn’t going to do a thing except reward crooks which will make them want to steal more because the democrats will reward them more...as long as they get their cut of the action.

All this makes me want to puke...big time pay off here...you think they won’t give money to Acorn...I got news for you...Acorn is helping them steal the election for Obama...they’ll get them the funds they need one way or another....

If we really new the truth, Acorn probably helped them steal the last election too! You think they want to give them 20% for nothing....Oh no, Acorn is a big asset in stealing elections.

All this is shameful....I’d rather lose my retirement fund...than to watch these thieves drooling over their $700Billion scam...socialism is here to stay if this passes...


18 posted on 09/28/2008 2:39:48 AM PDT by Chuck N
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To: rawhide
Among lawmakers, Democrats outnumbered Republicans nine to two, an imbalance that so irritated Paulson that he called and complained to Senate Majority Leader Harry M. Reid (D-Nev.), according to three GOP sources familiar with the call.

LISTEN YOU GUTLESS GOP WORMS! Paulson is not your "defender"! Defend yourselves like men! They should have immediatly walked out of the meeting until the agreed upon balnace of two - two was in place. God good!

19 posted on 09/28/2008 2:41:38 AM PDT by AmericaUnited
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IF BUSH SIGNS THIS, HE SHOULD BE IMPEACHED.
20 posted on 09/28/2008 2:42:08 AM PDT by XR7
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