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Old 10-13-2008, 01:18 PM
 
495 posts, read 750,664 times
Reputation: 203

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As was predicted several weeks ago when the Bush administration rolled out its $700-billion banking bailout plan, Treasury is preparing to exceed that limit and make the announcement as early as tomorrow!

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Old 10-13-2008, 01:20 PM
 
Location: Albemarle, NC
7,730 posts, read 14,221,700 times
Reputation: 1520
that whole "at any one time" part of the legislation should have made people think twice. But no, stocks tanked and their 401ks went down and suddenly everyone wants a few billion dollars.
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Old 10-13-2008, 01:23 PM
 
Location: The Great State of Texas, Finally!
5,508 posts, read 12,308,784 times
Reputation: 2917
Remember, MANY Americans did NOT want this bailout. Congress voted otherwise. Your govt working for you (not). Let the bleeding begin.
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Old 10-13-2008, 01:26 PM
 
Location: Earth
24,620 posts, read 28,397,052 times
Reputation: 11416
Geez, the weekend is just over, does AIG get another handout and party already?
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Old 10-13-2008, 01:27 PM
 
19,198 posts, read 31,583,034 times
Reputation: 4014
There already are programs out there that are not the $700 billion bailout. There will be more of those...which is what they are actually talking about...
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Old 10-13-2008, 01:29 PM
 
Location: Earth
24,620 posts, read 28,397,052 times
Reputation: 11416
I hope Obama gets elected and selects Krugman.
We need a man with deep insight and vision in a cabinet position.
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Old 10-13-2008, 01:32 PM
 
19,198 posts, read 31,583,034 times
Reputation: 4014
Let's see...Paul Krugman, Phil Gramm, Paul Krugman, Phil Gramm...boy, that's a toughie...
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Old 10-13-2008, 01:42 PM
 
Location: In a house
4,974 posts, read 8,459,770 times
Reputation: 2583
Quote:
Originally Posted by chielgirl View Post
I hope Obama gets elected and selects Krugman.
We need a man with deep insight and vision in a cabinet position.
LOL, only difference is if Oblama gets elected we'll give money away before the SHTF. We are in trouble whoever gets elected. Unless Ron Paul somehow some way ends up in the White House.
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Old 10-13-2008, 02:22 PM
 
Location: Tennessee
1,469 posts, read 4,509,315 times
Reputation: 895
Quote:
Originally Posted by Tin Knocker View Post
LOL, only difference is if Oblama gets elected we'll give money away before the SHTF. We are in trouble whoever gets elected. Unless Ron Paul somehow some way ends up in the White House.
I think you're right about that, with Obama or McCain we are up the creek without a paddle.
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Old 10-13-2008, 03:57 PM
 
226 posts, read 313,166 times
Reputation: 94
Quote:
Originally Posted by cobolt View Post
Remember, MANY Americans did NOT want this bailout. Congress voted otherwise. Your govt working for you (not). Let the bleeding begin.

When does the gov't ever listen to what the people want? We can write congress, call them and they'll still do what they want. As far as SHTF, I don't think we'll see that in our lifetime. I wish Paul was in the election, I don't want Obama or McCain
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