Second Times A Charm: House Passes Bailout

Congress Bailout  Congress has passed complex and highly criticized legislation authorizing $700 billion in government money to shore up the nation's stressed financial industry.
by The Associated Press
Published: Fri, October 03, 2008 - 11:32 am CST Last Updated: Fri, October 03, 2008 - 2:55 pm CST
WASHINGTON (AP) - Congress has passed complex and highly
criticized legislation authorizing $700 billion in government money
to shore up the nation's stressed financial industry.
The 263-171 vote by the House sends the Senate-passed version to
the White House for President Bush's signature. Among many
features, the measure would allow the Treasury Department to buy up
bad debt from various lending institutions.
Many members of the House voted for the bill even though said it
was very attractive to them and to their constituents back home.
The measure had been defeated in the same chamber on Monday,
sending stocks on Wall Street into a record slide.
Announcement of the vote was greeted by applause.

(Copyright 2008 by The Associated Press. All Rights Reserved.)
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well the wife, as long as we sit by and let this go on. it will. the only problem is this mess was caused by the democrats. now we are a red state and our voices do not count. the people in the blue states know they have to keep their politicians in office to keep the handouts coming. so inless somebody really gets serious we are just going no where. look at detroit, these people can only look at their elected officals to blame, but oh no. they keep electing the ones who caused their problems.

i believe president bush did the best thing. my only problem with president bush is waiting so long to act. but then you have to look at who has been in control of both houses. i really believe this bail out is just a cover up for a lot of politicians. the whole thing should be handed to a group of outside investigators so who ever is responsible can be brought to justice. somewhere somebody made a lot of money at the taxpayers expense. if not we owe enron an apology.

Accountability sounds good but how do you find an innocent, among that den of thieves who are called Politicians?  That is harder than finding a needle in a haystack.

It’ll never happen Rose, our political system is so corrupt that’s it’s an embarrassment to us and even third world countries with dictators.

herb moses, as in barney franks as in partner

this is just the tip of the iceberg.

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank’s relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.

Glad to see you realize that the stock market isn’t the culprit here but rather the speculators and all the greedy, corrupt individuals on the take. YES prostitute them all! Dodd, Cox, Frank, Raines, Obama, wow this could turn in to a list so long it could take days.

yes carl, when i hear big commerical developers who have perfect credit, say banks are not loaning its bad. it has to be exposed who started this mess. i do not care what the economist say i am seeing this first hand. i want an investigation into every group, every congressman that protested regulations for freddie and fannie years ago. i want a investigation into every person on capital hill hedge fund. who got how much from the stock market in campaign money.

RIGHT ON Rosepetal !

this started with the stock market and market speculators and it has to end with them and all those who were making a profit from this, the thing now is to get the economy going again. or all those who are saying i have good credit my home is paid for, i have a job.  job is the key word here. watch that credit go without a job. to me this is bigger than watergate ever dared to be. every congress person should be investigated and all those guilty should be put in jail and made to repay.

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