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Originally posted by jefwane
Well the futures seem rather unimpressed by the Senate passing this bill. As a matter of fact there is a nice little dump right after it passed on both the S&P and DOW futures. Could be nothing and work itself out by morning though.
I will laugh, I mean truly laugh if this thing passes and the market tanks anyway. Especially if it happens before the election.
I haven't found anything in this bill that requires recipients of taxpayer funded bailouts to resume lending. It does little to nothing to remedy the lack of trust between institutions ( as is most readily gauged by things like LIBOR and the TED spread).
Originally posted by Rockpuck
They are sitting at their computers, with a beer, safe in their house.
No back bone. My self included.
The measure gives Treasury Secretary Henry Paulson broad power to acquire assets from financial institutions saddled with troubled mortgage-backed securities. The plan also would limit executive compensation and provide oversight of the Treasury secretary's decisions.
You do realise that all of the Reps and Sentors who voted against this will be ran outta politics by both parties they are gonna do everything they can to get rid of them.
Originally posted by anachryon
The NO votes:
Vote every other Senator out of office.