Bailout Nation — Not Enough Votes to Pass?
First, yes, this is wishful thinking on my part.
Second, Dennis Kucinich is telling The Hill that he doesn’t know if there are enough votes – R or D – to pass this thing.
The meeting was organized by Rep. Brad Sherman (D-Calif.) and has been termed the “Skeptics Caucus.” Lawmakers were meeting with well-known economists, such as James Galbraith, economics professor at the University of Texas, and William Isaac, former chairman of the Federal Deposit Insurance Commission.
Speaking before the meeting, Sherman equated the Treasury Department proposal to a power-grab by the Bush administration as well as a gift to failing financial services firms.
Having their own hearings, huh? And meeting with other experts, what a concept!
Call Mike Castle and tell him to vote NO on this mess.
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Comment rescue Eschaton:
Dennis Kucinich live on Cspan, ‘When I was a child in Cleveland there was a myth that if you took a shovel and dug deep enough you could get to China. We’re there.’
dsy | 09.29.08 – 12:55 am
From watching the last few days events, it looks like Wall Street is righting itself fast enough.
Is the blood-bath of mergers making even larger entities of the healthy institutions a good thing? Next, Wachovia Corp is in talks with rivals to be taken over:
http://news.yahoo.com/s/nm/20080929/ts_nm/us_wachovia;_ylt=Ak6X3Ce.SvDb9xtLzhJABMWs0NUE
Here is why it won’t work… the crisis is already too big and it is international… $700Bln is not going to do it…