Bill passes Senate

[jficquette]

[quote=larrylujack]like I said in prior posts, the passage was inevitable when both parties are owned by Wall Street.
Taxpayers get screwed again to the benefit of Goldman Sachs socialism.
next time you hear a neocon dip shit stating that the free market is the answer, well there you have it, it can hardly be said there is a free market when the rules are changed to bail out those that failed at the free market. The so-called free market and neoliberalism advocates have been an absolute and unequivocal failure as evidenced by the bailout of the banksters courtesy of the taxpayers.
Disgusting. [/quote]

Hell yeah, markets are free only as long as the Banking and Wall Street crooks are making money. Once they get in trouble free markets go out the window.

John

[larrylujack]

[quote=jficquette]

Hell yeah, markets are free only as long as the Banking and Wall Street crooks are making money. Once they get in trouble free markets go out the window.

John[/quote]

Never thought I’d agree with Jfiqute, but AMEN to that!!!

[larrylujack]

[quote=jficquette]

Hell yeah, markets are free only as long as the Banking and Wall Street crooks are making money. Once they get in trouble free markets go out the window.

John[/quote]

Never thought I’d agree with Jfiqute, but AMEN to that!!!

[larrylujack]

[quote=jficquette]

Hell yeah, markets are free only as long as the Banking and Wall Street crooks are making money. Once they get in trouble free markets go out the window.

John[/quote]

Never thought I’d agree with Jfiqute, but AMEN to that!!!

[larrylujack]

[quote=jficquette]

Hell yeah, markets are free only as long as the Banking and Wall Street crooks are making money. Once they get in trouble free markets go out the window.

John[/quote]

Never thought I’d agree with Jfiqute, but AMEN to that!!!

[larrylujack]

[quote=jficquette]

Hell yeah, markets are free only as long as the Banking and Wall Street crooks are making money. Once they get in trouble free markets go out the window.

John[/quote]

Never thought I’d agree with Jfiqute, but AMEN to that!!!

[HereWeGo]

[quote=kev374]they say the tax extensions has alienated some democrats, now will this pass the house as well? I am thinking it seems just uncertain at this point which way it will come out of the house. Have representatives recieved more complaints from their constituents since last week?

Senate approval of course was expected and is nothing surprising.

Of course it is a coincidence that this vote is passing on Fri to hope the markets “cool off” over the weekend if the results are negative, but I think if there is a negative house vote expect a 1000pt drop on the DOW or even more if we are to expect the kind of reaction that followed the initial defeat.[/quote]

At least. That’s why the Thurs futures are trading down, there’s just too much risk concentrated in that Friday vote. I expect a selloff tomorrow, followed by maybe a mild selloff into the vote, then a truly violent reaction in either direction depending on the outcome of the vote.

[HereWeGo]

[quote=kev374]they say the tax extensions has alienated some democrats, now will this pass the house as well? I am thinking it seems just uncertain at this point which way it will come out of the house. Have representatives recieved more complaints from their constituents since last week?

Senate approval of course was expected and is nothing surprising.

Of course it is a coincidence that this vote is passing on Fri to hope the markets “cool off” over the weekend if the results are negative, but I think if there is a negative house vote expect a 1000pt drop on the DOW or even more if we are to expect the kind of reaction that followed the initial defeat.[/quote]

At least. That’s why the Thurs futures are trading down, there’s just too much risk concentrated in that Friday vote. I expect a selloff tomorrow, followed by maybe a mild selloff into the vote, then a truly violent reaction in either direction depending on the outcome of the vote.

[HereWeGo]

[quote=kev374]they say the tax extensions has alienated some democrats, now will this pass the house as well? I am thinking it seems just uncertain at this point which way it will come out of the house. Have representatives recieved more complaints from their constituents since last week?

Senate approval of course was expected and is nothing surprising.

Of course it is a coincidence that this vote is passing on Fri to hope the markets “cool off” over the weekend if the results are negative, but I think if there is a negative house vote expect a 1000pt drop on the DOW or even more if we are to expect the kind of reaction that followed the initial defeat.[/quote]

At least. That’s why the Thurs futures are trading down, there’s just too much risk concentrated in that Friday vote. I expect a selloff tomorrow, followed by maybe a mild selloff into the vote, then a truly violent reaction in either direction depending on the outcome of the vote.

[HereWeGo]

[quote=kev374]they say the tax extensions has alienated some democrats, now will this pass the house as well? I am thinking it seems just uncertain at this point which way it will come out of the house. Have representatives recieved more complaints from their constituents since last week?

Senate approval of course was expected and is nothing surprising.

Of course it is a coincidence that this vote is passing on Fri to hope the markets “cool off” over the weekend if the results are negative, but I think if there is a negative house vote expect a 1000pt drop on the DOW or even more if we are to expect the kind of reaction that followed the initial defeat.[/quote]

At least. That’s why the Thurs futures are trading down, there’s just too much risk concentrated in that Friday vote. I expect a selloff tomorrow, followed by maybe a mild selloff into the vote, then a truly violent reaction in either direction depending on the outcome of the vote.

[HereWeGo]

[quote=kev374]they say the tax extensions has alienated some democrats, now will this pass the house as well? I am thinking it seems just uncertain at this point which way it will come out of the house. Have representatives recieved more complaints from their constituents since last week?

Senate approval of course was expected and is nothing surprising.

Of course it is a coincidence that this vote is passing on Fri to hope the markets “cool off” over the weekend if the results are negative, but I think if there is a negative house vote expect a 1000pt drop on the DOW or even more if we are to expect the kind of reaction that followed the initial defeat.[/quote]

At least. That’s why the Thurs futures are trading down, there’s just too much risk concentrated in that Friday vote. I expect a selloff tomorrow, followed by maybe a mild selloff into the vote, then a truly violent reaction in either direction depending on the outcome of the vote.

[Ex-SD]

Former Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.

From Bloomberg News:

Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.

“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”

… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”

[Ex-SD]

Former Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.

From Bloomberg News:

Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.

“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”

… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”

[Ex-SD]

Former Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.

From Bloomberg News:

Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.

“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”

… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”

[Ex-SD]

Former Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.

From Bloomberg News:

Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.

“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”

… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”

[Author]

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