Topic: Bailout bill, once 3 pages, swells in length
warmachine's photo
Sat 09/27/08 10:18 AM
Bailout bill, once 3 pages, swells in length

AP
Saturday, Sept 27, 2008

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.

-------------------------------------------------

It's got to swell, to railroad it in. 3 pages is easy to read and easy to spot the illegal, unconstitutional crap in it. Several hundred pages... frustrated

Winx's photo
Sat 09/27/08 10:20 AM
War,

I am very concerned that McCain said he would vote for the bailout without seeing what it even says.

warmachine's photo
Sat 09/27/08 10:29 AM
That should concern everyone, doesn't anyone remember that the Patriot act was not read either?

Go tell the estimated 5000 people that haven't gotten the rights insured to them by the Constitution, that it's to keep us safe.


lighthouselover's photo
Sat 09/27/08 10:31 AM
Edited by lighthouselover on Sat 09/27/08 10:33 AM
The more crap that is put into something like this, the more difficult it is to find anyone with personal/political/professional accountability for it...

No one wants to take accountability...so, if it keeps getting added to..then no one has to be accountable for it!!


oh... I should state that also, nothing can get done quickly then so an emergency bailout plan will be put in place until the REAL *snickers* plan can be approved...

thing is..the emergency plan will be the plan...the rest of any plan will just be bickering and fighting...without any accountability or action!

no photo
Sat 09/27/08 10:32 AM
Congress passing a bill small enough to actually read?

hahahahahahahahahahahahahahaha

lighthouselover's photo
Sat 09/27/08 10:37 AM

That should concern everyone, doesn't anyone remember that the Patriot act was not read either?

Go tell the estimated 5000 people that haven't gotten the rights insured to them by the Constitution, that it's to keep us safe.




What? you mean putting my hand lotion and lipstick in baggies prior to flying is not keeping us safe?

no photo
Sat 09/27/08 10:38 AM
That should concern everyone, doesn't anyone remember that the Patriot act was not read either?


actually it WAS read by the Supreme Court. that is their job