As I’ve been covering the bailout bill that failed in the House (thanks in part to several of our home grown Texas lawmakers) I’ve encountered a recurring sentiment among the politicians: surprise. None of them can believe that they are all in agreement when it comes to such an important vote. Rep. Carter’s spokesman said he couldn’t believe when he saw Rep. Doggett’s name on the same side of the nay list. Doggett’s reps said the same thing. So, if there is one good thing that has come out of all this: a newfound camaraderie… maybe crossing party lines isn’t that bad after all.
Bipartisan Bailout (or lack thereof)
October 1st, 2008 - 4:30 pm by Jenny Hoff · 2 Comments
Tags: General
2 responses so far ↓
Don Dickson // Oct 1st 2008 at 8:25 pm
I can’t help but wonder something: if the federal government took all this money, and used it to pay down mortgage debt to equity-at-market-price levels, (by giving it to the same financial institutions, but by giving it to them ON BEHALF OF THE BORROWERS, and NOT to purchase equity in the financial institutions themselves), then wouldn’t these “unmarketable” securities quickly become marketable again?
Bretton // Oct 5th 2008 at 9:19 pm
If “We the People” are financing this bailout, when do we get our shares or stock warrants in the corporations were saving through our investments?
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