Bush trying to push the bailout through immediately - GoFuckYourself.com

kenny · 09-22-2008, 07:14 AM

http://www.wdbj7.com/Global/story.as...50091&nav=S6aK

I agree with the Democrats on this one.

We the tax payers need provisions added to this $700 Billion bailout plan.

1) It needs to be setup where the tax payer isn't getting ripped off. Buying toxic paper high than later selling it back at a loss, etc.

2) Provisons preventing this from ever happening again. Top executives of companies looking for a bailout don't need to make $20 million per year, etc.

pornguy · 09-22-2008, 07:17 AM

Quote:

Originally Posted by kenny

http://www.wdbj7.com/Global/story.as...50091&nav=S6aK

I agree with the Democrats on this one.

We the tax payers need provisions added to this $700 Billion bailout plan.

1) It needs to be setup where the tax payer isn't getting ripped off. Buying toxic paper high than later selling it back at a loss, etc.

2) Provisons preventing this from ever happening again. Top executives of companies looking for a bailout don't need to make $20 million per year, etc.

20 Million???? Look again. Some I believe were making more than that.

kenny · 09-22-2008, 07:17 AM

Better link

http://ap.google.com/article/ALeqM5i...k_nPQD93BQGC80

WASHINGTON (AP) ? President Bush and leading Democrats differed Monday on just how quickly Congress should pass legislation stabilizing the country's troubled financial system.

Bush issued a statement at the White House saying "the whole world is watching" how the U.S. government addresses the business turmoil that has roiled markets here and abroad.

He spoke not long after the heads of two congressional committees taking the lead on the bill in a crisis atmosphere went on national television to urge that lawmakers work with care, patience and the taxpayers in mind.

For his part, Bush acknowledged that "obviously, there will be differences over some details, and we will have to work through them. That is an understandable part of the policy making process."

But he also said "it would not be understandable if members of Congress sought to use this emergency legislation to pass unrelated provisions, or to insist on provisions that would undermine the effectiveness of the plan."

Some Democrats are seeking, nevetheless, to add provisions to the massive rescue bill, such as limiting pay for executives of the troubled companies in need of the bailout. And Rep. Barney Frank, chairman of the House Financial Services panel, accused Treasury Secretary Henry Paulson of pushing too hard to get out a bill quickly.

kenny · 09-22-2008, 07:18 AM

Quote:

Originally Posted by pornguy

20 Million???? Look again. Some I believe were making more than that.

whatever $20 million or $200 million

you get the point

Useless Warrior · 09-22-2008, 07:19 AM

Quote:

Originally Posted by kenny

1) It needs to be setup where the tax payer isn't getting ripped off. Buying toxic paper high than later selling it back at a loss, etc.

2) Provisons preventing this from ever happening again. Top executives of companies looking for a bailout don't need to make $20 million per year, etc.

3) A little of that action passed my way, preferably via a tax-safe offshore account.

Fletch XXX · 09-22-2008, 07:19 AM

the provision they are disagreeing over seems to ONLY be regarding "high exec bonuses" which are usually 15 mil and up LOL

20 mil a year? They get bonuses tha are near that...

BlackCrayon · 09-22-2008, 07:20 AM

Quote:

Originally Posted by kenny

[url]Top executives of companies looking for a bailout don't need to make $20 million per year, etc.

They should be going to prison.

kenny · 09-22-2008, 07:24 AM

Quote:

Originally Posted by Fletch XXX

the provision they are disagreeing over seems to ONLY be regarding "high exec bonuses" which are usually 15 mil and up LOL

20 mil a year? They get bonuses tha are near that...

Whatever it is they make.. it needs to be limited if they're seeking bailout dollars

kenny · 09-22-2008, 07:28 AM

What is the deal with GS and MS converting to commercial holding banks?

is this some loophole to get tax payer money??

09-22-2008, 07:14 AM	#1
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	Bush trying to push the bailout through immediately http://www.wdbj7.com/Global/story.as...50091&nav=S6aK I agree with the Democrats on this one. We the tax payers need provisions added to this $700 Billion bailout plan. 1) It needs to be setup where the tax payer isn't getting ripped off. Buying toxic paper high than later selling it back at a loss, etc. 2) Provisons preventing this from ever happening again. Top executives of companies looking for a bailout don't need to make $20 million per year, etc. __________________ 7

09-22-2008, 07:17 AM	#3
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	Better link http://ap.google.com/article/ALeqM5i...k_nPQD93BQGC80 WASHINGTON (AP) ? President Bush and leading Democrats differed Monday on just how quickly Congress should pass legislation stabilizing the country's troubled financial system. Bush issued a statement at the White House saying "the whole world is watching" how the U.S. government addresses the business turmoil that has roiled markets here and abroad. He spoke not long after the heads of two congressional committees taking the lead on the bill in a crisis atmosphere went on national television to urge that lawmakers work with care, patience and the taxpayers in mind. For his part, Bush acknowledged that "obviously, there will be differences over some details, and we will have to work through them. That is an understandable part of the policy making process." But he also said "it would not be understandable if members of Congress sought to use this emergency legislation to pass unrelated provisions, or to insist on provisions that would undermine the effectiveness of the plan." Some Democrats are seeking, nevetheless, to add provisions to the massive rescue bill, such as limiting pay for executives of the troubled companies in need of the bailout. And Rep. Barney Frank, chairman of the House Financial Services panel, accused Treasury Secretary Henry Paulson of pushing too hard to get out a bill quickly. __________________ 7

09-22-2008, 07:19 AM	#6
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	the provision they are disagreeing over seems to ONLY be regarding "high exec bonuses" which are usually 15 mil and up LOL 20 mil a year? They get bonuses tha are near that... __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

09-22-2008, 07:28 AM	#9
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	What is the deal with GS and MS converting to commercial holding banks? is this some loophole to get tax payer money?? __________________ 7