Ikarus
Chef de Cuisine
 Offline
Posts: 505
Badges: (View All)
|
 |
« on: September 28, 2008, 05:55:13 pm » |
|
WASHINGTON - Congressional leaders have released final legislation to create a $700 billion bailout of the financial markets.
The House plans a vote on the rescue bill Monday. The Senate is expected to follow later this week.
The rescue is the largest government intervention in financial markets since the Great Depression. It would let the government take over huge amounts of devalued assets from beleaguered financial companies in hopes of unlocking frozen credit |
|
|
|
|
|
blueyes
Crown holder
Royalty
Offline
Posts: 7774
Badges: (View All)
|
|
« Reply #1 on: September 29, 2008, 01:40:48 pm » |
|
Yep...We get to foot the bill for people who spent more money than they had. I resent it. I have never in my life taken out a loan. If I can`t afford it, then I`m not getting it. End of story.
|
|
|
|
|
|
Ikarus
Chef de Cuisine
Offline
Posts: 505
Badges: (View All)
|
|
« Reply #2 on: September 29, 2008, 04:52:09 pm » |
|
The bill was overwhelmingly defeated in the House.
|
|
|
|
blueyes
Crown holder
Royalty
Offline
Posts: 7774
Badges: (View All)
|
|
« Reply #3 on: September 29, 2008, 04:53:43 pm » |
|
I just heard that. It`s all very disturbing.
|
|
|
|
Ikarus
Chef de Cuisine
Offline
Posts: 505
Badges: (View All)
|
|
« Reply #4 on: September 29, 2008, 05:51:19 pm » |
|
With the election only a month away they are reluctant to vote in favor of it.
|
|
|
|
blueyes
Crown holder
Royalty
Offline
Posts: 7774
Badges: (View All)
|
|
« Reply #5 on: September 30, 2008, 10:15:55 am » |
|
I don`t fully understand...Hard to say how I feel about it.
Heard them say on the radio that they better decidesomething...Quick.
|
|
|
|
Ikarus
Chef de Cuisine
Offline
Posts: 505
Badges: (View All)
|
|
« Reply #6 on: September 30, 2008, 08:37:35 pm » |
|
The problem with the bill was that it gave the Secretary of the Treasury unprecedented powers to basically do whatever he wanted to with the money. Plus people know that the only way the government can cover this is by raising taxes.
|
|
|
|
blueyes
Crown holder
Royalty
Offline
Posts: 7774
Badges: (View All)
|
|
« Reply #7 on: September 30, 2008, 09:12:28 pm » |
|
They are chomping at the bit to raise our taxes...Well most of them anyway.
|
|
|
|
Ikarus
Chef de Cuisine
Offline
Posts: 505
Badges: (View All)
|
|
« Reply #8 on: October 02, 2008, 07:18:48 am » |
|
The Senate passed a modified version of the bill.
|
|
|
|
blueyes
Crown holder
Royalty
Offline
Posts: 7774
Badges: (View All)
|
|
« Reply #9 on: October 02, 2008, 12:34:34 pm » |
|
Are they sure this time?
|
|
|
|
Ikarus
Chef de Cuisine
Offline
Posts: 505
Badges: (View All)
|
|
« Reply #10 on: October 03, 2008, 10:57:49 am » |
|
The House torpedoed it again.
The House has more people up for relection this year.
|
|
|
|
Ikarus
Chef de Cuisine
Offline
Posts: 505
Badges: (View All)
|
|
« Reply #11 on: October 03, 2008, 04:14:52 pm » |
|
Ooops. House now voted in favor or it.
The Millionaires are saved!!!!!
|
|
|
|
blueyes
Crown holder
Royalty
Offline
Posts: 7774
Badges: (View All)
|
|
« Reply #12 on: October 03, 2008, 09:09:20 pm » |
|
I`m so relieved.
|
|
|
|
Davagator
Headmaster/Governess
Offline
Gender: 
Posts: 1376
 Badges: (View All)
|
|
« Reply #13 on: October 04, 2008, 06:03:18 am » |
|
I see it as another government control....
|
|
|
|
blueyes
Crown holder
Royalty
Offline
Posts: 7774
Badges: (View All)
|
|
« Reply #14 on: October 04, 2008, 12:41:14 pm » |
|
Me too...I was being sarcastic.
|
|
|
|
|
|
|
