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View Full Version : Wow! The bailout bill used to be only THREE pages!




ihsv
09-26-2008, 09:32 PM
Bailout bill, once 3 pages, swells in length

A week ago, it totaled just three pages — the White House's request for $700 billion to rescue tottering financial institutions by buying their devalued mortgage-related assets.

By Monday, after an intense weekend of negotiations, the draft of the bailout legislation before Congress had swelled to 42 pages.

By Friday, after almost a week of marathon talks between Treasury Secretary Henry Paulson and key lawmakers in both parties, the working version was up to 102 pages.

It likely will grow even longer as negotiators continue to tweak the proposal this weekend, adding and subtracting key elements.

Rep. Barney Frank, D-Mass., the House Financial Services Committee's chairman, was optimistic Friday that a final agreement could be reached by Sunday.

http://news.yahoo.com/s/ap/20080926/ap_on_bi_ge/bailout_paper_trail

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Sheesh! Forget saving Wall Street... what about the trees? Lotsa juicy stuff they can hide in all that paper, too :)

ShowMeLiberty
09-26-2008, 09:35 PM
If it was kept simple and easy to understand the people would read it and realize what was going on. Can't have that!

DFF
09-26-2008, 09:40 PM
See, Act, Patriot, for further reference...

SeanEdwards
09-26-2008, 09:52 PM
Original text of bill:

Give us $700 billion or else.