Below is a quick aggregation on the topic of the taxpayer funded financial bailout package being debated on behalf of bad investors, opportunistic lenders, and integrity-impaired wall street CEOs:
a little perspective - Homeschool Blogger - Sep 26, 2008 - I so hate that when that happens!
…the bailout does not solve anything according to God’s principles.
Philip Greenspun’s Weblog - Sep 24, 2008 - The middleman’s share of the U.S. economy
…The bailout angers taxpayers because anyone who can do arithmetic can see that more than $700 billion was taken out of Wall Street in the form of employee bonuses during the years of the real estate/mortgage bubble. The people who created the bubble, in many cases engaging in frauds of various kinds, were rewarded handsomely and are now relaxing …
Pursuing Holiness - Sep 23, 2008 - Federal bailout expands to include student and car loans
This is upsetting - and I suspect the longer they wait to enact something the larger it’s going to get as the panic in the financial sector increases. A friend of mine whose husband was a financial bigwig - he’s been on CNN and on the cover of financial magazines - has been warning me [...]
In the Agora - Sep 24, 2008 - Bailout
…the proposed bailout package in perspective, $700 billion equates to over $5,000 per individual tax filer.
restless reformer - Sep 26, 2008 - Oppose the Bailout
I called my Senators and Congressional Rep for the first time ever today. I also signed up at No Cash for Trash and put a widget in the sidebar to the left.
joyfulchristian - Sep 26, 2008 - The bailout
…about the bailout is that the Treasury buying up $700 million worth of debt, much of it bad, is a horrible idea and my conservative leanings say get me off this bus. (Or to “stand athwart it yelling “woah”!)On the other hand, there is much to be said for the fact that Congress played a monstrous role in getting us into this mess. …
Did you ever dream that the sitting Republican president would propose the most socialist plan in recent memory, and that the current Republican nominee would suspend a campaign because the government needs to fix a financial problem? Anyone have any questions as to why I’m voting third party this year?
And then there is Chris Dodd … This is called gumption: He is the Chairman of the Senate Banking Committee. He took $165,000 from Fannie Mae and Freddie Mac, and for years resisted more oversight of both those now bankrupt entities. He got discounted mortgages from the now melted-down and bought-out Countrywide financial institution. And? Yesterday he was pontificating about the greed and the need for “oversight,” and his zest to guard the public trust. A screenwriter could not have come up with such a script.
…the proposed bailout doesn’t fix the problem. Tell you what, last year, Goldman Sachs handed out $50 billion in bonuses. I’ll pitch in my share if the people who received those bonuses cough up say half that amount. Same goes for all the other financial institutions. Until they do, it’s obvious that it’s just another case of robbing the poor …
We’ll close with Michelle Malkn who has been … how shall we put it? … a bit energetic on the topic of the bailout, specifically screaming they/us/we/those guys kill it:
- Diversity racketeers want their piece of bailout pie
- House Votes Today - Boondoggle bill passes
- Reid’s Senate $56 billion stimuluspalooza/oil shale bill fails; roll call vote added
- Reid and Dodd blame McCain; Schumer tells McCain to “Get out of town;” McCain leaves for debate
- Capitol Hill to pull an all-nighter; negotiations break down
- An inconvenient truth…and here comes the lard-up
- Here comes the $25 billion automakers’ bailout
- FBI investigating fraud at Fannie/Freddie/Lehman/AIG
- The Ant and the Grasshopper, 2008 edition
