Wall Street Rescue Deal nearing completion...

[droghedasouth]

Presumably there is little or no doubt that the Senate will pass it.
Only 1/3 of members are up for re-election and the Neandarthal Republicans are mostly in the House.

[Catalpa]

Is it possible that this will stagnate until the elections in November ? Unlikely coalition of " socialist " fearing Republicans and Democrats who see ordinary homeowners being screwed at work. Maybe Marx was right on capitalism after all !

I'm sure he's having a good chuckle!

[youngdan]

What are you on about now. 95 Democrats voted against the bill and you blame republican neaderthals for it's defeat. Paulson is part of a Republican administration.

The fix is in for the Senate vote as you can tell from the baloney. The line for the dummies is that the FBI are going after the crooks. In the meantime we will give 700 billions and dictatorial power to the crooks.

[Odyessus]

U.S. Senate Bill passed 74 to 25

[youngdan]

This was a given. I was surprised to see Brownback voting No and proving my prediction wrong. Coleman though voted Yes as predicted and he has stuck his head in the noose now and Frankin will nail him with any luck. Once again it is a Maxist from Vermont, Bernie Sanders, who stands up and does the right thing. The idealistic Leftists, wrong though they may be on nearly everything, show that they are trying to look out for the common man

On to the House. 12 members must be either blackmailed or bribed to change their vote. What they needed is cover for their change of heart. That is why the bill has gone from 3 pages to over 100. It is no longer a bailout bill but it is now a Rescue Bill. For example raising the FDIC means nothing in a practical sense but it is an excuse. We shall see if 12 bend.

[KungFugazi]

I found this very interesting:

BERKELEY, CA—Members of the U.S. House of Representatives today voted against a $700 billion financial system bailout. MAPLight.org has found that, over the past five years, banks and securities firms gave an average of $231,877 in campaign contributions to each Representative voting in favor of the bailout, compared with an average of $150,982 to each Representative voting against the bailout--54 percent more money given to those who voted Yes. 205 Representatives voted Yes and 228 voted No, with 1 Not Voting.

House Democrats split their votes on this bill, 140 voting Yes and 95 voting No. Democrats voting Yes received an average of $212,700 each, about twice as much as those voting No, $107,993.

House Republicans also split their votes on this bill, 65 voting Yes and 133 voting No (and 1 not voting). Republicans voting Yes received an average of $273,181 each, 50% more than those voting No, $181,688.

Financial Bailout Vote: House Members Voting 'Yes' Received 54% More Money from Banks and Securities | MAPLight.org

[Squire Allworthy]

There seems to be a rumour doing the rounds that the bil out is to pay foreigners.

Con of the Century! | FED Up USA

If true, what I don't see is why this would be such a demanding imperative?