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.

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

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.

whatever $20 million or $200 million

you get the point

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

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...

They should be going to prison.

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

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

is this some loophole to get tax payer money??