Bailout bill was once 3 pages...

Bailout bill was once 3 pages...#197915

By ATrain - September 26th, 2008, 7:41 pm

- September 26th, 2008, 7:41 pm #197915

Now its 102...
http://news.yahoo.com/s/ap/20080926/ap_ ... aper_trail
IMO...it should be ZERO. Let AIG, WaMu, Lehman Brothers, Wachovia (currently sending out feelers for mergers) fall on their face...other institutions will rise and take their place. Out of the 20 or so stocks that started the Dow Jones, only 1 (GE) now remains. Let the economy go through this cycle, it'll rebound with new institutions.

Or give us taxpaying Americans the ability to dictate how the government uses our money.

4:28:2009-RIP Jeff Taylor

PAmedic wrote:you're absolutely right

Re: Bailout bill was once 3 pages...#197935

By RagingTireFire - September 26th, 2008, 8:47 pm

- September 26th, 2008, 8:47 pm #197935

ATrain wrote: Out of the 20 or so stocks that started the Dow Jones, only 1 (GE) now remains. Let the economy go through this cycle, it'll rebound with new institutions.

Most of those other institutions went under during the Great Depression. The point of the bill is to avoid another situation like that, at least in theory.

Is this mercy-killing or cross-pollenation?
Only the strawberry knows.

#198630

By PeterParker - September 28th, 2008, 5:19 am

- September 28th, 2008, 5:19 am #198630

Atrain, you'll have to vote third party for that.

But I digress...check your PM for some thoughts on how to protect your savings from being impacted negatively by the decisions from our cluel...fearless leaders. I'd put it here, but it's over two paragraphs so it'd be a waste as it appears only the short PACop ever reads through my stuff with comprehension intact. (Hint: Precious Metals)

Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.--John Quincy Adams

Re: Bailout bill was once 3 pages...#199005

By scuzdriver - September 29th, 2008, 10:40 pm

- September 29th, 2008, 10:40 pm #199005

ATrain wrote:Now its 102...
http://news.yahoo.com/s/ap/20080926/ap_ ... aper_trail
IMO...it should be ZERO. Let AIG, WaMu, Lehman Brothers, Wachovia (currently sending out feelers for mergers) fall on their face...other institutions will rise and take their place. Out of the 20 or so stocks that started the Dow Jones, only 1 (GE) now remains. Let the economy go through this cycle, it'll rebound with new institutions.

Or give us taxpaying Americans the ability to dictate how the government uses our money.

I agree!!! As did the republicans and 93 dems today!!! I'm pretty disappointed in W for pushing a bad plan. Watch oil prices fall if this deal never happens.