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Old 09-26-2008, 10:04 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,229,597 times
Reputation: 379

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If you are for this, and not the God-awful Paulson bail out plan, e-mail or write your Senators and Congressmen now!!!

House Republicans have offered an alternative plan to the Paulson bailout.

The alternate plan as it stood on Thursday follow:

Rather than providing taxpayer funded purchases of frozen mortgage assets, we should adopt a mortgage insurance approach to solve the problem.

Read the entire artical

Congress.org
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Old 09-26-2008, 10:09 PM
 
Location: Phoenix, AZ
6,175 posts, read 3,495,652 times
Reputation: 3798
Why are you calling this the Paulson bailout? It is Bush's bailout plan.

And no matter how they repackage it, the truth is they should stay out of it. The sooner the market corrects itself, the sooner the recovery will begin.
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Old 09-26-2008, 10:12 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,229,597 times
Reputation: 379
Quote:
Originally Posted by EDnurse View Post
Why are you calling this the Paulson bailout? It is Bush's bailout plan.

And no matter how they repackage it, the truth is they should stay out of it. The sooner the market corrects itself, the sooner the recovery will begin.
This is not repackaging, this is a completely new and different approach. Ok, the Bush, Paulson and Bernanke plan, you happy now? Did you even look at it?
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Old 09-26-2008, 10:32 PM
 
26,297 posts, read 17,198,522 times
Reputation: 10273
Quote:
Originally Posted by dugdogmaster View Post
If you are for this, and not the God-awful Paulson bail out plan, e-mail or write your Senators and Congressmen now!!!

House Republicans have offered an alternative plan to the Paulson bailout.

The alternate plan as it stood on Thursday follow:

Rather than providing taxpayer funded purchases of frozen mortgage assets, we should adopt a mortgage insurance approach to solve the problem.

Read the entire artical

Congress.org
I tried to read it but the page does not seem to exist anymore.
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Old 09-26-2008, 10:32 PM
 
Location: Phoenix, AZ
6,175 posts, read 3,495,652 times
Reputation: 3798
Quote:
Originally Posted by dugdogmaster View Post
This is not repackaging, this is a completely new and different approach. Ok, the Bush, Paulson and Bernanke plan, you happy now? Did you even look at it?
I tried but the link didn't work--at least on my computer. I have a MAC now so who knows why it didn't work
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Old 09-26-2008, 10:34 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,229,597 times
Reputation: 379
Congress.org

It works just fine on mine, weird
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Old 09-26-2008, 10:38 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,229,597 times
Reputation: 379
Default Ok, key points

* Have Private Capital Injection to the Financial Markets, Not Tax Dollars.
* Temporary tax relief provisions can help companies free up capital to maintain operations, create jobs, and lend to one another.
*Immediate Transparency, Oversight, and Market Reform.
* Wall Street Executives should not benefit from taxpayer funding. Call on the SEC to review the performance of the Credit Rating Agencies
*Create a blue ribbon panel with representatives of Treasury, SEC, and the Fed to make recommendations to Congress for reforms of the financial sector by January 1, 2009.
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Old 09-26-2008, 11:31 PM
 
Location: Phoenix, AZ
6,175 posts, read 3,495,652 times
Reputation: 3798
Mmm..I don't know.

1. What is the Republican meaning of "oversight"? How are they going to enforce transparency?

2. For the past 8 years the Republicans (especially Bush) have said one thing and then, done another. What kind of a "reform" do they have in mind?.
3. They need to change "Wall Street executives should not benefit" to "will not benefit".
4. The SEC to review the performance of the Credit Rating Companies? That statement has no teeth. This debacle took place right under the SEC's nose!

Sorry to be so picky. I'd better research that plan myself. I'll do that tomorrow.
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Old 09-26-2008, 11:34 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,229,597 times
Reputation: 379
Quote:
Originally Posted by EDnurse View Post
Mmm..I don't know.

1. What is the Republican meaning of "oversight"? How are they going to enforce transparency?

2. For the past 8 years the Republicans (especially Bush) have said one thing and then, done another. What kind of a "reform" do they have in mind?.
3. They need to change "Wall Street executives should not benefit" to "will not benefit".
4. The SEC to review the performance of the Credit Rating Companies? That statement has no teeth. This debacle took place right under the SEC's nose!

Sorry to be so picky. I'd better research that plan myself. I'll do that tomorrow.
Valid questions, ones I have myself. No need to apologize to me about it. To answer, I don't know, details aren't being released, as this is still all in the works, obviously.
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