Here is an Op-ed by Secretary Paulson regarding the Bailout. This is a load of bull dung designed to shirk responsibility.
In Case You Missed It:
“Fighting the Financial Crisis, One Challenge at a Time”
By Secretary Henry M. Paulson, Jr.
The New York Times
November 18, 2008
We are going through a financial crisis more severe and unpredictable than any [...]
Allard (R)
Barasso (R)
Brownback (R)
Bunning (R)
Cantwell (D)
Cochran (R)
Crapo (R)
DeMint (R)
Dole (R)
Dorgan (D)
Enzi (R)
Feingold (D)
Inhofe (R)
Johnson (D)
Landrieu (D)
Nelson (FL) (D)
Roberts (R)
Sanders (I)
Sessions (R)
Shelby (R)
Stabenow (D)
Tester (D)
Vitter (R)
Wicker (R)
Wyden (D)
They all voted no on the bailout. hmmmmmmmmm there is a lot of dems on that list. No Coburn. I am interested in looking into this further.
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I am against the bailout, and part of being against the bailout is being ready for losses, so here are some numbers to help put current market losses into an historical perspective.
Wall Street Crash of 1929
On Black Tuesday, the Dow Jones Industrial Average fell 38 points to 260, a drop of 12.8%. The deluge of [...]
The House is in currently rejecting the bailout!!! This is the great!!!
I got this up as fast as I could, now maybe I can fill in a bit. The bailout is a bad idea. It causes the socialization of risk, which is a recipe for disaster in free, or freeish market society. The socialization [...]
Below are some of the Republican plans for the bailout. Better, but I am still waiting on something (that is actually nothing). Preservation of the basic assumptions of market forces will pay off more in the long run then a short term bailout now. Anyways, I would like to hear any thoughts about any of [...]
I haven’t been speechless very often in my life, but the past several weeks have left me at a loss for words. The Treasury Secretary suggesting socialist reforms, the President going along, conservative think tanks supporting the legislation, and the acceptance of the republican party of a piece of legislation that includes a blank check [...]
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