$8.355 trillion bailout so far?

[DWCAP]

[quote=alarmclock]

BTW I am still waiting for some environmentalist to show a linkage between windmills > reduced wind speed > some environmental catastrophe (clouds fall out of the sky, or something)[/quote]

The problem isnt clouds falling out of the sky, that happens all the time. It is called RAIN, and while I know that people here in SD consider that a four letter word, it is a part of nature.
What windmills do harm is flying animals. Like bats and birds and such. If I remember right they are especaially having trouble with bats and windmills.

[kewp]

Wow, I used to say the 2-3 trillion dollars of risky home loans was to big to bail out.

Guess I was wrong!

[kewp]

Wow, I used to say the 2-3 trillion dollars of risky home loans was to big to bail out.

Guess I was wrong!

[kewp]

Wow, I used to say the 2-3 trillion dollars of risky home loans was to big to bail out.

Guess I was wrong!

[kewp]

Wow, I used to say the 2-3 trillion dollars of risky home loans was to big to bail out.

Guess I was wrong!

[kewp]

Wow, I used to say the 2-3 trillion dollars of risky home loans was to big to bail out.

Guess I was wrong!

[cr]

[quote=TheBreeze]No Banker Left Behind ~ rolling $700 billion[/quote]

Suitable name.

But, I should point out, and somehow most people (MSM included) miss the fact that the bill calls for $700 Billion per occurrence. I read an article yesterday on CNBC that I’m too lazy to link to, on why it will quickly become $2.25 Trillion. Punish our grandkids before they’re born, I guess.

Here’s exactly what the bill says:

[quote=Comrade Paulson’s Plan]SEC. 115. GRADUATED AUTHORIZATION TO PURCHASE.
(a) AUTHORITY.—The authority of the Secretary to purchase troubled assets under this Act shall be limited as follows: (1) Effective upon the date of enactment of this Act, such authority shall be limited to $250,000,000,000 outstanding at any one time. (2) If at any time, the President submits to the Congress a written certification that the Secretary needs to exercise the authority under this paragraph, effective upon such submission, such authority shall be limited to $350,000,000,000 outstanding at any one time.
(3) If, at any time after the certification in paragraph (2) has been made, the President transmits to the Congress a written report detailing the plan of the Secretary to exercise the authority under this paragraph, unless there is enacted, within 15 calendar days of such transmission, a joint resolution described in subsection (c), effective upon the expiration of such 15-day period, such authority shall be limited to $700,000,000,000 outstanding at any one time.[/quote]

[cr]

[quote=TheBreeze]No Banker Left Behind ~ rolling $700 billion[/quote]

Suitable name.

But, I should point out, and somehow most people (MSM included) miss the fact that the bill calls for $700 Billion per occurrence. I read an article yesterday on CNBC that I’m too lazy to link to, on why it will quickly become $2.25 Trillion. Punish our grandkids before they’re born, I guess.

Here’s exactly what the bill says:

[quote=Comrade Paulson’s Plan]SEC. 115. GRADUATED AUTHORIZATION TO PURCHASE.
(a) AUTHORITY.—The authority of the Secretary to purchase troubled assets under this Act shall be limited as follows: (1) Effective upon the date of enactment of this Act, such authority shall be limited to $250,000,000,000 outstanding at any one time. (2) If at any time, the President submits to the Congress a written certification that the Secretary needs to exercise the authority under this paragraph, effective upon such submission, such authority shall be limited to $350,000,000,000 outstanding at any one time.
(3) If, at any time after the certification in paragraph (2) has been made, the President transmits to the Congress a written report detailing the plan of the Secretary to exercise the authority under this paragraph, unless there is enacted, within 15 calendar days of such transmission, a joint resolution described in subsection (c), effective upon the expiration of such 15-day period, such authority shall be limited to $700,000,000,000 outstanding at any one time.[/quote]

[cr]

[quote=TheBreeze]No Banker Left Behind ~ rolling $700 billion[/quote]

Suitable name.

But, I should point out, and somehow most people (MSM included) miss the fact that the bill calls for $700 Billion per occurrence. I read an article yesterday on CNBC that I’m too lazy to link to, on why it will quickly become $2.25 Trillion. Punish our grandkids before they’re born, I guess.

Here’s exactly what the bill says:

[quote=Comrade Paulson’s Plan]SEC. 115. GRADUATED AUTHORIZATION TO PURCHASE.
(a) AUTHORITY.—The authority of the Secretary to purchase troubled assets under this Act shall be limited as follows: (1) Effective upon the date of enactment of this Act, such authority shall be limited to $250,000,000,000 outstanding at any one time. (2) If at any time, the President submits to the Congress a written certification that the Secretary needs to exercise the authority under this paragraph, effective upon such submission, such authority shall be limited to $350,000,000,000 outstanding at any one time.
(3) If, at any time after the certification in paragraph (2) has been made, the President transmits to the Congress a written report detailing the plan of the Secretary to exercise the authority under this paragraph, unless there is enacted, within 15 calendar days of such transmission, a joint resolution described in subsection (c), effective upon the expiration of such 15-day period, such authority shall be limited to $700,000,000,000 outstanding at any one time.[/quote]

[cr]

[quote=TheBreeze]No Banker Left Behind ~ rolling $700 billion[/quote]

Suitable name.

But, I should point out, and somehow most people (MSM included) miss the fact that the bill calls for $700 Billion per occurrence. I read an article yesterday on CNBC that I’m too lazy to link to, on why it will quickly become $2.25 Trillion. Punish our grandkids before they’re born, I guess.

Here’s exactly what the bill says:

[quote=Comrade Paulson’s Plan]SEC. 115. GRADUATED AUTHORIZATION TO PURCHASE.
(a) AUTHORITY.—The authority of the Secretary to purchase troubled assets under this Act shall be limited as follows: (1) Effective upon the date of enactment of this Act, such authority shall be limited to $250,000,000,000 outstanding at any one time. (2) If at any time, the President submits to the Congress a written certification that the Secretary needs to exercise the authority under this paragraph, effective upon such submission, such authority shall be limited to $350,000,000,000 outstanding at any one time.
(3) If, at any time after the certification in paragraph (2) has been made, the President transmits to the Congress a written report detailing the plan of the Secretary to exercise the authority under this paragraph, unless there is enacted, within 15 calendar days of such transmission, a joint resolution described in subsection (c), effective upon the expiration of such 15-day period, such authority shall be limited to $700,000,000,000 outstanding at any one time.[/quote]

[cr]

[quote=TheBreeze]No Banker Left Behind ~ rolling $700 billion[/quote]

Suitable name.

But, I should point out, and somehow most people (MSM included) miss the fact that the bill calls for $700 Billion per occurrence. I read an article yesterday on CNBC that I’m too lazy to link to, on why it will quickly become $2.25 Trillion. Punish our grandkids before they’re born, I guess.

Here’s exactly what the bill says:

[quote=Comrade Paulson’s Plan]SEC. 115. GRADUATED AUTHORIZATION TO PURCHASE.
(a) AUTHORITY.—The authority of the Secretary to purchase troubled assets under this Act shall be limited as follows: (1) Effective upon the date of enactment of this Act, such authority shall be limited to $250,000,000,000 outstanding at any one time. (2) If at any time, the President submits to the Congress a written certification that the Secretary needs to exercise the authority under this paragraph, effective upon such submission, such authority shall be limited to $350,000,000,000 outstanding at any one time.
(3) If, at any time after the certification in paragraph (2) has been made, the President transmits to the Congress a written report detailing the plan of the Secretary to exercise the authority under this paragraph, unless there is enacted, within 15 calendar days of such transmission, a joint resolution described in subsection (c), effective upon the expiration of such 15-day period, such authority shall be limited to $700,000,000,000 outstanding at any one time.[/quote]

[Author]

Posts