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Old 09-29-2008, 03:55 PM   #1
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Post $700 Billion bailout plan down in flames

09-29-2008 02:38 PM

I just read that the proposed $700 billion bailout plan was defeated in the House by a vote of 228-205, with plenty of Democrats and Republicans on both sides voting against it even though leadership on both sides was imploring they support it.

In a related note, markets across the world were hammered upon hearing the news.* At one point, the Dow dropped 705 points after the vote on the bailout failed.




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Old 09-29-2008, 04:24 PM   #2
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maybe i'm wrong for feeling this way, but I'm glad they voted against the bailout.... FUCK THEM GREEDY MOTHAFUCCAS!!! I have a feeling that peeps were being reminded of the S&L debacle some years ago by their constituents across the country....

i'd personally like to know where they came up w/ the $700B number in the first place....
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Old 09-30-2008, 01:00 PM   #3
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Paulson said something to the effect of "the figure was chosen because it inspired confidence to stock traders" despite the fact that $300B or even $150B was enough to start getting the ball rolling on that.

EDIT: Apparently I can't post links yet. :-\

Last edited by LeisureSuitLarry; 09-30-2008 at 01:04 PM.
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Old 09-30-2008, 02:35 PM   #4
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Quote:
Originally Posted by sista View Post
maybe i'm wrong for feeling this way, but I'm glad they voted against the bailout.... FUCK THEM GREEDY MOTHAFUCCAS!!! I have a feeling that peeps were being reminded of the S&L debacle some years ago by their constituents across the country....

i'd personally like to know where they came up w/ the $700B number in the first place....
I was happy too sis.
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Old 09-30-2008, 11:56 PM   #5
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Quote:
Originally Posted by LeisureSuitLarry View Post
Paulson said something to the effect of "the figure was chosen because it inspired confidence to stock traders" despite the fact that $300B or even $150B was enough to start getting the ball rolling on that.

EDIT: Apparently I can't post links yet. :-\
so in essence, they just pulled this figure out Paulsen's azz?? wasn't that fucca once the head of Goldman/Sachs and left w/ his own golden parachute??

somebody needs to take a shot at his azz!!!
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Old 10-01-2008, 02:01 AM   #6
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I have mixed feelings about it. Few would consider it the best solution, and most would agree that it's better than nothing.


Ron Paul thinks the best thing to do is nothing and I wonder if he's onto something...
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