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In the Roosevelt Room after the session, the Treasury secretary, Henry M. Paulson Jr., literally bent down on one knee as he pleaded with Nancy Pelosi, the House Speaker, not to “blow it up” by withdrawing her party’s support for the package over what Ms. Pelosi derided as a Republican betrayal.
“I didn’t know you were Catholic,” Ms. Pelosi said, a wry reference to Mr. Paulson’s kneeling, according to someone who observed the exchange. She went on: “It’s not me blowing this up, it’s the Republicans.”
Originally posted by daddyroo45
The whole stock market is like a bloated elephant balancing on a bunch of tooth picks.Let the market crash!! In a free market society the market will correct itself.It might be a little inconvient for us but it will make for a stronger economy in the long run.Also we need to completly disband the FED. They are the crooks that are behind this whole mess.
Originally posted by dooper
I want to see every executive pay back every penny they received over the past ten years. (They should be locked up for ten years.)
Then - and only then can anyone talk about going any further. Possibly we should make available $50-100Billion in loans at two percent above prime to these institutions, and they should be required to pay back ever red cent.
And for God's sake! Term limits! No more than two terms in the same office! Good men go to Washington, and in no time are as crooked as a dog's hind leg.
I really like how the Chinese do it. They round up those crooked players who had a part in the failure, put a bullet in the back of their heads, and charge the family for the bullet!
You know, they've been around longer than us, and maybe we should . . .
Originally posted by 44soulslayer
IMO this is :
Fake, acted-out indignation from bought off house republicans to stall the package until after the weekend, thus allowing further banks to go bust and Bush to declare an economic emergency leading to the suspension of elections.
House Republicans pledged to work out an agreement on some kind of financial rescue plan, but vowed to oppose any proposal that bailed out Wall Street.
"America is on the edge of an economic crisis," House Minority Leader John Boehner told reporters. "We believe Congress needs to act and needs to act quickly. But we will not agree to a bill that sells taxpayers out to bail out Wall Street."