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Seems like they're hell bent on making this pass. I wonder if this next draft also fails, how many more times they will keep redoing it until it passes. Will be interesting to see how much this version is changed from the previous, I'm pessimistic so I doubt it will be much.
You've got to understand, the first bill was completely killed, can't revote on that one. They are redrawing a bill that would involve taxpayer money even less, or none at all this time around. And if this next one does involve any taxpayer money at all, it can be assumed that we will actually make money on it.
Seems like they're hell bent on making this pass. I wonder if this next draft also fails, how many more times they will keep redoing it until it passes. Will be interesting to see how much this version is changed from the previous, I'm pessimistic so I doubt it will be much.
It should NEVER pass in any form. One idea- of raising the FDIC limit to $250K is fine- it has not been raised in decades- but anything else should be shot down. No bailout, no tax ripoff!!
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,757,602 times
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Quote:
Originally Posted by dugdogmaster
You've got to understand, the first bill was completely killed, can't revote on that one. They are redrawing a bill that would involve taxpayer money even less, or none at all this time around. And if this next one does involve any taxpayer money at all, it can be assumed that we will actually make money on it.
If there was ANY money to be made on these worthless securities, the PRIVATE sector would have already scooped them up. There is a reason they are called "toxic" and that is that nobody wants to touch them- for good reason!
Seems like they're hell bent on making this pass. I wonder if this next draft also fails, how many more times they will keep redoing it until it passes. Will be interesting to see how much this version is changed from the previous, I'm pessimistic so I doubt it will be much.
LOL..if they wait long enough there won't be any investment banks that need it anymore !!!
Listen to the plan Representative Kaptur is proposing. It won't cost taxpayers a dime, and Wall St. and it's CEOs will be held accountable, and flush out the bad paper themselves. There was a video of it, I'm trying to look for a link. Anway, she'll be on Lou Dobbs tonight starting at 7pm est.
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