Comments on: Bush: Delay On Bailout Courts Disaster

President Says "Entire Economy Is In Danger" In Prime-Time Address; Calls Candidates For Bipartisan Summit

[woophan]

Fear, fear, fear, fear blah blah blah. GW want his major contributors bailed out. Think we tax payers would ever see any of this "loan" paid back?? Nahhhhh

[incog-nito]

A $700 billion rush job cannot be good for the American people.

[jntlw-2009]

I hate to break the news to Bush but delays in getting a bill signed for the bailout aren''t the problem. The problem was last year and the year before, that is when you needed to take emergency steps to avert this crisis. To blame a disaster on the Congress for not signing when you have a gun to their head is ludicrous. The disaster will happen regardless of when or if we sign the bill. I''ll repeat that, the disaster will happen no matter what, so waiting to sign a better bill that will help reassure the taxpayer is not the problem and will not allieviate the the fact that a depression is going to happen. Bush you waited too long - that was the problem! Bush was sound asleep two years ago and did nothing. Deregualtion which has been the vanguard of the Republicnans and some Democrats was overtly the problem. My parents taught me to play by rules and not to spend in wreckless abandonment and to borrow only on big items (House CAr) and pay back ASAP. I guess some people were taught that borrowing and spending was their mantra, paying back - that is for fools, right? There is no such to sign - we are going down hard anyway!

[notsmith-2009]

This from the idiot who got us into Iraq but couldn''t organize a rubber raft for New Orleans. Yeah, sure George, just tell me where to sign the check ...

[notsmith-2009]

This from the idiot who got us into Iraq but couldn''t organize a rubber raft for New Orleans. Yeah, sure George, just tell me where to sign the check ...

[stephand]

The New York Times from September 11, 2003.

The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. . . .
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

[oleander8]

To: Posted by jaydee102

Your sense of humor is decidedly warped.

[stephand]

Here is what Barney Frank said in 2003 as quoted from the NYT link below:

%u2018%u2019These two entities %u2014 Fannie Mae and Freddie Mac %u2014 are not facing any kind of financial crisis,%u2019%u2019 said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. %u2018%u2019The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.%u2019%u2019

[woophan]

Fear, fear, fear, fear blah blah blah. GW want his major contributors bailed out. Think we tax payers would ever see any of this "loan" paid back?? Nahhhhh

[wdrussell1]

George is finally talking about something he is an expert on.
Being a disaster.