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Emergency Economic Stabilization Act of 2008
Linked from thehill ^
Posted on 09/30/2008 9:06:36 PM PDT by tarpit
3 SECTION 1. SHORT TITLE AND TABLE OF CONTENTS. 4 (a) SHORT TITLE.This Act may be cited as the 5 Emergency Economic Stabilization Act of 2008.
TOPICS: Breaking News; News/Current Events
KEYWORDS: 110th; bailout; economy; financialcrisis
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comments? sorry if already posted
1
posted on
09/30/2008 9:06:36 PM PDT
by
tarpit
To: tarpit
EMERGENCY??? WTF is going on here?
To: tarpit
I still like the “Corrupt DemocRATS Protection Act of 2008” better.
3
posted on
09/30/2008 9:09:09 PM PDT
by
FlingWingFlyer
(Hey America! Here's your "crap" sandwich! Eat up!)
To: screaminsunshine
Think Patriot act, Amnesty bill, etc....
4
posted on
09/30/2008 9:09:09 PM PDT
by
BGHater
(Democracy is the road to socialism.)
To: screaminsunshine
EMERGENCY??? WTF is going on here?It's the "Rush it Through Before the People Read It" Act that's what.
5
posted on
09/30/2008 9:12:40 PM PDT
by
madison10
To: tarpit
Security, Housing And Financial Terrorism Act
6
posted on
09/30/2008 9:13:03 PM PDT
by
Uncle Miltie
(Bushonomics: Privatize Gains, Socialize Losses)
To: FlingWingFlyer
BINGO!
7
posted on
09/30/2008 9:14:07 PM PDT
by
A. Morgan
(VOTE FOR Obama N' we'll be up to our necks in TAXES and OUTA' GAS!)
To: Uncle Miltie
8
posted on
09/30/2008 9:14:13 PM PDT
by
mlocher
(USA is a sovereign state.)
To: All
follow the reference link to read the details.
9
posted on
09/30/2008 9:14:32 PM PDT
by
tarpit
To: madison10
The Ponzi scheme must be crumbling. Once a few cards fall it will be CRAZYTOWN!!!
To: tarpit
"protects home values, college funds, retirement accounts, and life savings" Why? What have college funds to do with anything? Why do we need to protect people who took risks and failed?
11
posted on
09/30/2008 9:15:41 PM PDT
by
Uncle Miltie
(Bushonomics: Privatize Gains, Socialize Losses)
To: screaminsunshine
Appears to be the one that went down like the Hindenburg. An aside, and if memory serves, any “emergency” legislation sortof gets to bypass Constitutional muster. In any case, this is the text of failed bailout, no?
12
posted on
09/30/2008 9:17:27 PM PDT
by
ForGod'sSake
(ABCNNBCBS: An enemy at the gates is less formidable, for he is known and carries his banner openly.)
To: tarpit
financial institution means any institution, including,
19 but not limited to, any bank, savings association,
20 credit union, security broker or dealer, or insurance
21 company,
So hedge funds are potentially included by the “not limited to” language. Hooray. Paulson can bailout his hedgie billionaire friends.
13
posted on
09/30/2008 9:17:46 PM PDT
by
Uncle Miltie
(Bushonomics: Privatize Gains, Socialize Losses)
To: tarpit
"residential or commercial mortgages" Whoa! Commercial mortgages? They're not subprime. They're not even distressed in any general sense. This is the omnibus payoff our buddies bill!
14
posted on
09/30/2008 9:19:25 PM PDT
by
Uncle Miltie
(Bushonomics: Privatize Gains, Socialize Losses)
To: tarpit
Emergency Economic Stabilization Act of 2008 How many more names can the wealthy elite and ruling class call this?
I don't need to be stabilized.
15
posted on
09/30/2008 9:21:14 PM PDT
by
dragnet2
(We are witnessing the biggest expansion of government in American history)
To: tarpit
"any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress."
So Paulson could buy Corn Futures if he wants. There is no limitation. Only a notification requirement.
16
posted on
09/30/2008 9:21:52 PM PDT
by
Uncle Miltie
(Bushonomics: Privatize Gains, Socialize Losses)
To: tarpit
17
posted on
09/30/2008 9:22:59 PM PDT
by
P-Marlowe
(LPFOKETT GAHCOEEP-w/o*)
To: tarpit
From section 110:
MODIFICATIONS.In the case of a residential mortgage loan, modifications made under paragraph (1) may include
(A) reduction in interest rates;
(B) reduction of loan principal; and
(C) other similar modifications.
NO. FRIGGIN’. WAY!!!!!
18
posted on
09/30/2008 9:23:32 PM PDT
by
bw17
To: tarpit
thanks
ping for later, past bedtime now
19
posted on
09/30/2008 9:26:16 PM PDT
by
Wuli
To: bw17
20
posted on
09/30/2008 9:27:39 PM PDT
by
durasell
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