Congress Approves Bailout with Paulson/Bush

[Magicman]

Congressional Leaders Announce Breakthrough in Bailout Bill Negotiations


By Lori Montgomery and Paul Kane
Washington Post Staff Writers
Sunday, September 28, 2008; 12:47 AM

Congressional leaders and the Bush administration last night struck a historic accord to insert the government deeply into the nation's financial markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled assets backed by faltering home mortgages.


Negotiators emerged from a marathon session in the Capitol about 12:30 a.m. to announce that they had reached agreement on a proposal to give Treasury Secretary Henry M. Paulson Jr. broad authority to organize one of the biggest government interventions in the private sector since the Great Depression.


Full details of the plan were not immediately available. Lawmakers said their staffs would continue working through the night to commit them to paper. Under the plan, first put forward by the Bush administration in a late-night meeting with lawmakers just 10 days ago, Paulson would be authorized to purchase mortgage-backed assets from struggling firms in hopes of easing a credit crunch that has pushed global markets to the brink of collapse.


Continued Here: http://www. washingtonpost. com/wp-dyn/content/article/2008/09/28/AR2008092800064. html

[Eroberer]

We're screwed.

[damania]

off with their heads!!!!!

[revolutionary8]

warm up the pitchforks with the torches.

[RevolutionSD]

Is it time for a revolution YET? :confused:

[Ex Post Facto]

You're F-ing kidding me...there is only one thing that will stunt my anger now. Maybe they abolish the FED tomorrow. Here you go Mr. President there is your 700B and we will now take back our monetary system thank you.

[RonPaulCentral]

Well, time to move.

[revolutionary8]

Move where?
We need a mass anti-tax movement. I see that as the only alternative (right now) to an outright million pitchfork march.

[Ex Post Facto]

The sheeple will not now think they are safe...ahhh the government fixed it. Guys get your hording going right now...get a few months worth of food that won't rot. Get your supplies in order. This is a brace under our economy that will crack at any moment.

[Dequeant]

Putting the gold accumulation on hold.....

Buying up guns and ammo again.

[revolutionary8]

The sheeple will not now think they are safe...ahhh the government fixed it. Guys get your hording going right now...get a few months worth of food that won't rot. Get your supplies in order. This is a brace under our economy that will crack at any moment.

Did Argentinians have the right to own guns when their economy collapsed?

[Micah Dardar]

Well, time to move.

I thought about moving, but we can't hide from these globalists. Are there any states with the balls enough to defend their citizens that choose to no longer fork over money to the feds?

[RonPaulCentral]

Move where?
We need a mass anti-tax movement. I see that as the only alternative (right now) to an outright million pitchfork march.

Panama or Costa Rica

[revolutionary8]

I thought about moving, but we can't hide from these globalists. Are there any states with the balls enough to defend their citizens that choose to no longer fork over money to the feds?
Texas, Montana, Idaho, WV off the top of my head. Anywhere in the south is preferable to the North, save a few counties up north, NH, OR, UT, MT, upstate NY, NV, OH, etc. There are pockets everywhere save CA. lol.

[BeFranklin]

The title isn't what the article says. It says congressional leaders with bush have agreed on ... Not congress has approved.

They were saying that last week too. No vote has been taking yet. Keep calling.

[revolutionary8]

Panama or Costa Rica
Costa Rica's food costs have gone up a whopping 50% over the last few months. Plus, no guns allowed. Panama, same. It is the "trickle down effect" lol

[RevolutionSD]

Move where?
We need a mass anti-tax movement. I see that as the only alternative (right now) to an outright million pitchfork march.

Bingo!
We absolutely need a serious civil disobedience movement.

[revolutionary8]

The title isn't what the article says. It says congressional leaders with bush have agreed on ... Not congress has approved.

They were saying that last week too. No vote has been taking yet. Keep calling.

I agree with this, but I think we need to start using harsher words. :D
Perhaps verbiage like "pitchforks and torches" and "storm the bastille". lol.

[Ex Post Facto]

Did Argentinians have the right to own guns when their economy collapsed?

I think they did, but they were confiscated. The article I read on the daily Paul metioned that once TSHTF governments tend to take the guns away. I don't know if he was saying that generally or not.

[RonPaulCentral]

Costa Rica's food costs have gone up a whopping 50% over the last few months. Plus, no guns allowed. Panama, same. It is the "trickle down effect" lol

You can carry a concealed gun in Panama and the permit is easy to get. On the other hand you can have an armed driver/bodyguard for $300 a month full time. And your "live in maid" runs $150 a month.

Sounds pretty damn good to me.... :)

I am leaving for Costa Rica on Oct 10 so I will check out costs while down there.

[BeFranklin]

I agree with this, but I think we need to start using harsher words. :D
Perhaps verbiage like "pitchforks and torches" and "storm the bastille". lol.

Looting comes to mind as a word to use. Look at all the actual looting and theft going on on a billion dollar amounts and how much the people being bailed out are stealing in 25 million dollar going away packages.

Call in tomorrow and yell about looting and the upcoming election.

[rockandrollsouls]

They did it despite their constituents begging them not to. We find out who voted for it and try ripping them out of office. This is it...

[revolutionary8]

Looting comes to mind as a word to use. Look at all the actual looting and theft going on on a billion dollar amounts and how much the people being bailed out are stealing in 25 million dollar going away packages.

Call in tomorrow and yell about looting and the upcoming election.
Good idea. It is theft. We have the right as outlined in The Declaration of Independence to protect our life, liberty and pursuit of happiness.

[enjerth]

So does that means, since it cost us $2,300+ per person and I'm married with 2 children... I can abdicate $9,200+ of my credit card debt? (Although I'd have to run it up a bit first.)

[revolutionary8]

You can carry a concealed gun in Panama and the permit is easy to get. On the other hand you can have an armed driver/bodyguard for $300 a month full time. And your "live in maid" runs $150 a month.

Sounds pretty damn good to me.... :)

I am leaving for Costa Rica on Oct 10 so I will check out costs while down there.
Well, thank you for that info on Panama, I thought there were no guns allowed.
Have fun in Costa Rica, but I could NEVER forgive myself If I "ran". I am not going anywhere, this is MY country, and I am not a runner. I have spent way too much time being angry at illegal aliens running from their corrupt government and trying to change OUR laws, rather than staying and fighting for their own rights. That would make me a hypocrite. I don't want any part of that. lol

[thomaspaine23]

America, You've just BEEN BERNANKEED!!!!

Seriously, IMO this will make things worse. The wall street banks will dump bad paper and get gubment cash. However they will NOT loan it out.

They have just seen the FDIC bend the rules for WAMU-Jpmorgan. (If they didn't the FDIC would've gone broke). The big boys will use this as their example.

Hold your cash, let the small/regional banks fail. FDIC seizes them and then immediately tries a firesale.

Indeed the big banks will probably throw their new cash into commodities/foreign currency. (Since they know the Fed will inflate the Dollar).

End Result?

Decline in dollar via inflation, and currency trades by banks.
Spike in commodity prices due to inflation and commodity trades by banks
Increase in interest rates (as foreign investors expect a higher interest rate to mitigate exchange rate losses)
Higher interest rates, drive housing prices lower (higher interest means higher payments so your initial purchase price must be less.
Lower housing prices means current bad loans (the ones the gubment won't buy from the small banks) must be marked down MORE.
More markdowns lead to MORE bank failures...

Higher interest rates, AND small banks hoard capital so they won't be seized.
Economy contracts as these banks will not loan money to small business.
People get whipsawed, many more current home loans go underwater in value.
Fuel and food costs go through the roof....


The big question is will foreign investors believe this bailout alone will solve the problem? If not the treasury auctions will fail and then the SHTF.....

[Micah Dardar]

Whatever happened to public use of the guillotine?

There's nothing like a head rolling down the sidewalk to say "you better not f#ck with me again".



Ooooo... that was a bit of gangster French New Orleans thought there! Off With Their Heads!

[steph3n]

Move where?
We need a mass anti-tax movement. I see that as the only alternative (right now) to an outright million pitchfork march.

pitchforks won't do anything but get everyone killed.

[Ninja Homer]

Whatever happened to public use of the guillotine?

There's nothing like a head rolling down the sidewalk to say "you better not f#ck with me again".

That should be part of the Oath of Office. Just replace "so help me God" with "or I will be publicly beheaded."

[Vote Waterman 2028]

I was talking to a few local political leaders, and tonight realized that the democrates have essentially fucked themselves. By back bush, and the house republicans not, they have essentially given McCain the power of veto on this bill. Because if he doesnt agree, house republicans will not vote in favor, if he does agree, then they pass it. This is why there so upset with house republicans, because if it fails, and it will, the blame will be on democrates instead of republicans, and obama campaign is in the shitter.

[RonPaulCentral]

Well, thank you for that info on Panama, I thought there were no guns allowed.
Have fun in Costa Rica, but I could NEVER forgive myself If I "ran". I am not going anywhere, this is MY country, and I am not a runner. I have spent way too much time being angry at illegal aliens running from their corrupt government and trying to change OUR laws, rather than staying and fighting for their own rights. That would make me a hypocrite. I don't want any part of that. lol

LOL Actually I am not leaving yet (for good) this is just a vacation. But, I don't consider my upcoming move to be "running" I am just making a decision to retire somewhere my money will go a long way.

[revolutionary8]

pitchforks won't do anything but get everyone killed.

Oh please.

[steph3n]

Oh please.

really, pitchfork against gun? :rolleyes:

might as well throw rocks at the tanks.

[revolutionary8]

LOL Actually I am not leaving yet (for good) this is just a vacation. But, I don't consider my upcoming move to be "running" I am just making a decision to retire somewhere my money will go a long way.

Many people have had the same idea as yourself. You might think I am nuts, probably already do, SO- I will say it, look at and study HAARP. Inland is the place to be. Preferably backed by a mountain range.

[jarofclay]

I was talking to a few local political leaders, and tonight realized that the democrates have essentially fucked themselves. By back bush, and the house republicans not, they have essentially given McCain the power of veto on this bill. Because if he doesnt agree, house republicans will not vote in favor, if he does agree, then they pass it. This is why there so upset with house republicans, because if it fails, and it will, the blame will be on democrates instead of republicans, and obama campaign is in the shitter.

I don't think this can be spun so cut and dry. If McCain doesn't approve the bill then he will be labeled as "letting the economy" fail. damned either way.

basically it doesn't freaking matter. all the government is doing is prolonging the inevitable for us all. they should just say "ok, this is dumb" , pack up their bags. put up a closed sign on congress and go home.

[revolutionary8]

really, pitchfork against gun? :rolleyes:

might as well throw rocks at the tanks.

It is a FOS.
taa dahhh. :D

[steph3n]

It is a FOS.
taa dahhh. :D

could be......

[revolutionary8]

could be......
hmmmmm....

[steph3n]

hmmmmm....

It is late and I am jsut wasting time waiting on an install to finish, take it with a grain of salt off a saltine.

[revolutionary8]

It is late and I am jsut wasting time waiting on an install to finish, take it with a grain of salt off a saltine.

You aren't giving me much to work with, unless it is sea salt. :D
Chances are, if we are talking "saltines" it is not sea salt.
lol

[Vote Waterman 2028]

really, pitchfork against gun? :rolleyes:

might as well throw rocks at the tanks.

shooting a tank with bullets would be essentially the same thing as throwing rocks, no damage, and your fucked. Unless somehow you have possesion of tank armor peircing bullets, and if so, let me know where you bought em so i can stock up :D

[Ex Post Facto]

Anyone have $35 Million? I hear some pirate took some tanks. :)

[steph3n]

shooting a tank with bullets would be essentially the same thing as throwing rocks, no damage, and your fucked. Unless somehow you have possesion of tank armor peircing bullets, and if so, let me know where you bought em so i can stock up :D

wrong direction.........take a right turn instead at the next stoplight

[Micah Dardar]

shooting a tank with bullets would be essentially the same thing as throwing rocks, no damage, and your fucked. Unless somehow you have possesion of tank armor peircing bullets, and if so, let me know where you bought em so i can stock up :D

Hmmmm... If enough Angry Americans pile up on that tank I bet it could be confiscated!

[steph3n]

Anyone have $35 Million? I hear some pirate took some tanks. :)

hahaha some stinkin t72s they are probably not even having tracks.

I'd rather spend money building a nice underground house and putting solar and wind systems in place and just live peaceable to myself with family and invited friends.....

[Micah Dardar]

hahaha some stinkin t72s they are probably not even having tracks.

I'd rather spend money building a nice underground house and putting solar and wind systems in place and just live peaceable to myself with family and invited friends.....

Keep your guns ready. They won't let you live in peace forever!

[steph3n]

Keep your guns ready. They won't let you live in peace forever!

I always have a gun near, got dove to shoot :) Soon some deer and turkey.

[revolutionary8]

Hmmmm... If enough Angry Americans pile up on that tank I bet it could be confiscated!
A few telephone poles (or trees) stacked up in bonfire fashion would put an end to that. And haven't we already learned how to stop tanks durning the Bolshevik revolution?

[steph3n]

A few telephone poles (or trees) stacked up in bonfire fashion would put an end to that. And haven't we already learned how to stop tanks durning the Bolshevik revolution?

and they learned from it too.....come on this is the wrong thing to be saying you are being drug into a minefield. literally.

[Vote Waterman 2028]

A few telephone poles (or trees) stacked up in bonfire fashion would put an end to that. And haven't we already learned how to stop tanks durning the Bolshevik revolution?

or watching saving private ryan.....STICKY BOMBS

[revolutionary8]

and they learned from it too.....come on this is the wrong thing to be saying you are being drug into a minefield. literally.
You are right, but wrong.
How many do we have? And are "we" willing to die?
Answer to #1 - who knows. Answer to #2 I AM.
Answer number one will NEVER be attainable, because that answer had been SUPPRESSED.
muhahhhahhhahaha.
You will never know because you lie.

[Vote Waterman 2028]

wrong direction.........take a right turn instead at the next stoplight

im not sure if your trying to be sarcastic and say that i take direction from other people aka sheep....please explain your comment?

[Captain Bryan]

A few telephone poles (or trees) stacked up in bonfire fashion would put an end to that. And haven't we already learned how to stop tanks durning the Bolshevik revolution?
No, please elaborate.
I didn't find much on the googles.

[revolutionary8]

No, please elaborate.
I didn't find much on the googles.
Protest the googles.
:D NOT ME. :D
(idiot)

[revolutionary8]

No, please elaborate.
I didn't find much on the googles.

You are a total TOOL. :D
SO SORRY
Four some unknown reason, I tend to pull them out. :D
We go?

[revolutionary8]

No, please elaborate.
I didn't find much on the googles.
hmmmm
hmmmmmmmm...
Spies like us.
:D
FUCK YOU CAP Bryan.
FUCK YOU.
GO USA

[steph3n]

hmmmm
hmmmmmmmm...
Spies like us.
:D

the yoohoos may have something

[V4Vendetta]

I will be watching the way my congressman and senator vote.

[revolutionary8]

the yoohoos may have something
Not sure what you are getting at, be ballsy, TELLUT.
bUT YEAH.

[steph3n]

I will be watching the way my congressman and senator vote.

I will be giving them the Eagle Eye.....;)

[steph3n]

Not sure what you are getting at, be ballsy, TELLUT.
bUT YEAH.

drink enough yoohoo and you make a WMD!
(wicked mass discharge)

[revolutionary8]

I will be giving them the Eagle Eye.....;)
If the bastards try to TAKE IT, IT WILL FIGHT.
ASSHOLE.
PITCHFORKS
TORCHES

[RonPaulVolunteer]

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/28/AR2008092800064.html

[steph3n]

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/28/AR2008092800064.html

yea I know....doing the 'best for the people eventhough they don't know what is best for them, because we are gubbbamint we know bestest!'

[revolutionary8]

drink enough yoohoo and you make a WMD!
(wicked mass discharge)

That is what they all say.
When the time comes,you will want me on *your side*
I promise.

[LibertyEagle]

That should be part of the Oath of Office. Just replace "so help me God" with "or I will be publicly beheaded."

lol.

Works for me. :D

[steph3n]

lol.

Works for me. :D

they already are fork tongued, would just grow another head like some freakish beast.

[LibertyEagle]

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/28/AR2008092800064.html

"Meanwhile, House Republicans won a major victory, persuading negotiators to include a provision that would require the Treasury Department to create a federal insurance program that would guarantee banks and other firms against loss from any troubled asset, the official said. "

What's this BS??? Does this mean that they can go on creating these scam derivatives and that they all will be guaranteed, out into the future?

[revolutionary8]

drink enough yoohoo and you make a WMD!
(wicked mass discharge)

Keep trying to MINIMILASIEFARRE...
we see.
asshat.
Laissez-faire

[aravoth]

"meanwhile, house republicans won a major victory, persuading negotiators to include a provision that would require the treasury department to create a federal insurance program that would guarantee banks and other firms against loss from any troubled asset, the official said. "

what's this bs??? Does this mean that they can go on creating these scam derivatives and that they all will be guaranteed, out into the future?

major fucking victory, fuck them, fuck all of them

[steph3n]

"Meanwhile, House Republicans won a major victory, persuading negotiators to include a provision that would require the Treasury Department to create a federal insurance program that would guarantee banks and other firms against loss from any troubled asset, the official said. "

What's this BS??? Does this mean that they can go on creating these scam derivatives and that they all will be guaranteed, out into the future?

yep! good work little bushies! /sarcasm

[revolutionary8]

yep! good work little bushies! /sarcasm
...

[revolutionary8]

///

[revolutionary8]

never fucking mind

[Join The Paul Side]

pitchforks won't do anything but get everyone killed.


Did you think we won our freedom from the British without bloodshed??? Silly you.

[aravoth]

Have they only reached an agreement, or have they actually voted on it?

[steph3n]

Did you think we won our freedom from the British without bloodshed??? Silly you.

yes vision it now, out in the cold January night Gen Washington leads he brave troops of farmers carrying pitchforks across the hard frozen ground. As frostbite sets in they keep pushing forward, don't stop, if you stop you will die. Finally they come to the camp of the hessians and mercilessly stab them with pitchforks while they run for their muskets.

After a hard night fighting it was time to get some hoes and dig in for the night. with pitchfork by their trusty side they sleep.

[cheapseats]

I thought about moving, but we can't hide from these globalists.

This is exactly the problem. Where is less bad without being even more expensive?

[revolutionary8]

We are fucked.

[Join The Paul Side]

yes vision it now, out in the cold January night Gen Washington leads he brave troops of farmers carrying pitchforks across the hard frozen ground. As frostbite sets in they keep pushing forward, don't stop, if you stop you will die. Finally they come to the camp of the hessians and mercilessly stab them with pitchforks while they run for their muskets.

After a hard night fighting it was time to get some hoes and dig in for the night. with pitchfork by their trusty side they sleep.


No need to be an asshole. A true patriot will protect their own with whatever means they can. Be it gun, knife, pitchfork, rocks......

[revolutionary8]

No need to be an asshole. A true patriot will protect their own with whatever means they can. Be it gun, knife, pitchfork, rocks......
YES WE WILL, and thank GOD it won't be pitchforks and knives...assholes..
:D

[revolutionary8]

yes vision it now, out in the cold January night Gen Washington leads he brave troops of farmers carrying pitchforks across the hard frozen ground. As frostbite sets in they keep pushing forward, don't stop, if you stop you will die. Finally they come to the camp of the hessians and mercilessly stab them with pitchforks while they run for their muskets.

After a hard night fighting it was time to get some hoes and dig in for the night. with pitchfork by their trusty side they sleep.
This is quite something to envision, let alone actually consider and live. I feel l lucky in that I have plenty of Layers to protect me these days (from the cold) but layers from bullets Are a diffiferent story.
All I can say, is that
my "time" is lonnnnng past.

[erika]

Maybe the brittish can burn down the white house again?

[cheapseats]

Picket outside their children's schools.

Why does Senator So & So only sacrifice OUR children's futures?

Some kids are more equal than others.

What's so special about Congressman So & So's kid?

Feed your OWN kids to the Beast.

B-b-b-ut family is off the table.

Oh, that's right.

I guess, then, keep telling them that you strongly disagree with it on principle...probably they just haven't heard you yet.

[damania]

Patriots Unite

[raiha]

Evening all!
Your leaders are even crazier than i ever thought possible. I've moved to a valley down a long gravel road but not far away from a small town which is called a transition town.
This means that people foresee hard times up ahead and theres a big cooperative garden happening for all the townspeople with a market every sat morn full of home grown and home cooked produce. I am off the power grid and have solar power and i cycle to work in the local hospital on my mountain bike. My water comes up from the stream below which i don't have to pay for. My biggest dilemma right now is to whether to buy another solar panel and batteries or a generator. You can get humming ones instead of roaring ones these days.

My contact with you Paulites over the past 8 months has propelled me in this direction...leaving the city, talking to my friends, getting a job in a rural setting and i must say even though its challenging, it is immensely satisfying. We are putting a big garden in...summer is coming our way. Next week i am going to buy some trees...avocado (a complete food) apple, grape vines and start a wee orchard.

So don't despair, you can turn it to your advantage...most of the worlds population live on under $2 a day. If you are young and healthy youve got everything....

I know, I know..its not MY country...but guess what...your leaders' stupidity is going to cause the downfall of the lot of us. Our federal reserve banking system and our debt based financial system is a clone of yours!
Good night and good lucK.

So sorry....

[damania]

http://www.dunckleystreet.com/images/storm-the-media1.jpghttp://www.history.org/Foundation/journal/Spring06/images/tar_20.jpghttp://www.mkellstrand.com/whiskey/ky_adventure/history/images/tar_and_feather.jpg

[cheapseats]

To go with your SlaveUprising, some manner of bread and water protest? Water Only Wednesdays, perhaps?

Obviously people will still eat/drink but, believe you me, if the Powers That Belong In Jail saw even one day of arrested sales...as the Dolly Parton character says in Steel Magnolias...they won't know whether to scratch their watch or wind their butt.

The coffee joints...without customers. The fast food joints...without customers. The cash registers at 7-11...not ringing. The restaurants...dead. The movie theaters...empty.

Congress, Big Bad Business and our Maniac In Chief believe that the People don't mean business. Congress, Big Bad Business and our Maniac In Chief have every reason to believe that the people don't mean business.

[cheapseats]

There are only two avenues of influence, given the circumstances. Mess with their bottom lines or mess with their heads. They must be afraid for their bottom lines or their personal security...otherwise, what do they care how many People don't approve of what they're doing? Let them eat cake.

[cheapseats]

ll

[cheapseats]

IF YOU ACCEPT IT
OWN IT
There was nothing we could do doesn't cut it.

[Sarge]

CS you have it right in my opinion.

I saw a suggestion to run on the small banks. Wrong. Many are well run and will be needed in tough times. They will be more likely to make a loan with the right documentation. That is where I keep our cash.

I just use the big boy for the credit card that I pay off each month because it is accepted world wide when we travel.

My understanding is the Rep's want to see the final language and they are likely to vote in Congress today. Senate Monday.

Mess with their money and minds could be a much more peaceful and powerful tool.

Who are the major players where the elite keep their money and play against our money?

Convince people to move their assets to more responsible people and they will learn.

700 billion cash being moved to well run smaller banks and credit unions would be a clear and loud message if they pass this bailout. If one does that, they should let them know why they are opening a new account loud and clear.

At the same time then vote out those that back the bailout. My guess is they will try to avoid a roll call vote so we don't know how they voted. In that case we assume they voted for it unless they have clearly come out against it prior to the vote.

Bottom line is American's could, if they were mad enough, move that much money in one day.

Not advocating. just commenting what could be done based on an individual's own thoughts if they pass the bailout.

[cheapseats]

l


THERE WAS NOTHING WE COULD DO
THAT’S WHAT PEOPLE ALWAYS SAY
There's always a reason why not.

[Mortikhi]

They don't all have security details.

[Sarge]

Many do.

One needs to just get out, do their homework, and kick the tires.

[DFF]

This is horseshit!

We, the people, are against this bailout by a landslide!

Other than USA today's propaganda, the polls aren't even close, 70% against, 30% in favor!

Yet our reps vote in their interests with OUR money!

Diplomacy has failed, and under the Constitution, we have the right to overthrow the government if gets too out of hand, and replace it with one that we see fit!

The time has come, and it's time for war! :mad:

[werdd]

Fuck these guys.

They do not represent you, or 70% of the population.

Congress needs to be FIRED.

[jyakulis]

ehh well, gonna give me a few more months to stock supplies.

[Sematary]

Congressional Leaders Announce Breakthrough in Bailout Bill Negotiations


By Lori Montgomery and Paul Kane
Washington Post Staff Writers
Sunday, September 28, 2008; 12:47 AM

Congressional leaders and the Bush administration last night struck a historic accord to insert the government deeply into the nation's financial markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled assets backed by faltering home mortgages.


Negotiators emerged from a marathon session in the Capitol about 12:30 a.m. to announce that they had reached agreement on a proposal to give Treasury Secretary Henry M. Paulson Jr. broad authority to organize one of the biggest government interventions in the private sector since the Great Depression.


Full details of the plan were not immediately available. Lawmakers said their staffs would continue working through the night to commit them to paper. Under the plan, first put forward by the Bush administration in a late-night meeting with lawmakers just 10 days ago, Paulson would be authorized to purchase mortgage-backed assets from struggling firms in hopes of easing a credit crunch that has pushed global markets to the brink of collapse.


Continued Here: http://www. washingtonpost. com/wp-dyn/content/article/2008/09/28/AR2008092800064. html

I still have hope that the rank and file members will rebel against this atrocity, but it's a slim hope.

[Sematary]

ehh well, gonna give me a few more months to stock supplies.

exactly

[Sandra]

Didn't they make the same claim last week only to have it blow up in their faces?

[UnReconstructed]

It says congressional leaders.... doesn't say that a majority of congress has approved it.

[priest_of_syrinx]

I think they did, but they were confiscated. The article I read on the daily Paul metioned that once TSHTF governments tend to take the guns away. I don't know if he was saying that generally or not.

http://www.youtube.com/watch?v=SYxvVe9y5NQ&feature=related

[Captain Bryan]

hmmmm
hmmmmmmmm...
Spies like us.
:D
FUCK YOU CAP Bryan.
FUCK YOU.
GO USA

... Out of curiosity how much alcohol do you tend to drink on any given day?
I was just curious about what you said, so I tried to research it and found nothing.