For anybody who’s interested John and Ken at kfi640.com are interviewing Rep Darryl Issa. I haven’t gotten to hear the whole thing. Hope they replay it sometime today.
Anyway Issa says he was one who helped lead the revolt against the bill. They had the head of the FDIC come in and explain how this could be taken care of without this bailout. Apparently the powers that be don’t want to hear that. (mho).
Issa said that by the time the bill got to them it was loaded with not just bad mortgage paper, but bad car loans, bad credit card loans....every bad loan they could come up with.
He just stated that it would have also bailed out Chinese banks, European banks, etc, etc.....
Here’s a link to the state by state analysis on aol:
http://news.aol.com/article/how-house-lawmakers-voted-on-bailout/194032
Some notables: Ariz, all 8 reps, 4 dems and 4 pubs all voted nay. Miss, 3 dems no 1 pub yes. NH & Vt all 3 dems no. Hawaii 2 dems no. OR, 3 dems no, 1 y, 1 pub y