Congress Pushes for Changes to Paulson Bailout Plan
2008-09-24 — bloomberg.com
Shelby told reporters yesterday that “I think the secretary now realizes that what he sent up is not just going to be rubber- stamped.”
Paulson said it would be a “grave mistake” to adopt Schumer’s proposal because it sent the wrong signal to the market and didn’t give Treasury “the tools to do the job.”
Leaders in both parties are working to shore up support for an effort to restore investor confidence. They also want to limit the risks for lawmakers who are being asked to vote on the biggest government intervention in the financial markets since the Great Depression, just six weeks before the elections.
Advertisement
1 Comment »
Leave a Reply
-
Archives
- May 2011 (1)
- April 2011 (1)
- December 2010 (3)
- November 2010 (10)
- October 2010 (8)
- July 2010 (10)
- May 2010 (4)
- April 2010 (15)
- December 2009 (8)
- November 2009 (5)
- September 2009 (13)
- July 2009 (17)
-
Categories
-
RSS
Entries RSS
Comments RSS
Anyway kids…
We are all in for one hell of a bill from these clowns, so stop yelling at each other and start yelling at the House before they pass this Ponzi Scheme into law!
http://yourmortgageoryourlife.com/2008/10/02/buyer-beware-jpmorgan-sees-wamu-value-decline/
How bad will the crap be that we as taxpayers end with?
This is just a massive bank takeover by a small cartel led by Goldman Sachs and JP Morgan! Who is next!