Comments on: Bailout Watch 176: Tuesday, Nov. 18th

By: Johnster

Johnster — Thu, 13 Nov 2008 19:59:56 +0000

windswords : This would be so much fun if we could all (virtually) watch this together while eating popcorn and slinging MST3k type comments at the participants (politicians and executives). Maybe someone could record it (if it’s on CSPAN) and put something like that up on You Tube?

Or it could be like dinner theater.

By: hltguy

hltguy — Thu, 13 Nov 2008 18:12:00 +0000

Hey November 18th is my birthday, so what do you say Barney ol’ pal, ol’ chum, I would consider it so very nice if you sent me a birthday card with a few bucks in it, say a billion or two? You know I will help spread the wealth, promise.
Oh that part about me paying my bills on time, not on welfare, and being a business owner, don’t let those little technicalities stand in the way.
Thank you in advance.

By: Bunter1

Bunter1 — Thu, 13 Nov 2008 17:48:27 +0000

Johnny Canada- Thanks, but I think you are MORE aware.

Some of the senators that fought hardest to stop this mess (Dole, Sununu) got voted out.

America can only see and believe what the “holy tube” tells them. Anything that happened last year is so irrelevant.

Bunter

By: jschaef481

jschaef481 — Thu, 13 Nov 2008 16:55:16 +0000

RaysirX: “It’s the so-called “capitalists” (management and BOD) who have their hand out for gov’t dollars…”

Shoulder-to-shoulder with the “socialist” unions…from a socialist-leaning Congress.

Why is it such a surprise that so-called capitalists would be asking the government for cash? Socialism tends to insulate established businesses from healthy, new competition. The barriers to market entry generally get more difficult to overcome due to compliance with ever-more byzantine governmental regulations and requirements created by such a system. And those in power maintain their position and wealth.

Without government intervention, these capitalists are going to fail and lose their wealth and position. Too damned bad! I’m NOT crying for them. That is market economics. Let management and labor both suffer the consequences of their mistakes.

By: jkross22

jkross22 — Thu, 13 Nov 2008 16:29:11 +0000

How dare anyone suggest Barney Frank conducted himself in any way other than with the utmost public interest at heart. That ‘D’ next to his name proves it.

If you disagree, then you’re a bigot.

His immense knowledge and foresight to lazily monitor Fred and Fan should do much good for the D2.5. UAW and D2.5 execs rejoice!

By: Adub

Adub — Thu, 13 Nov 2008 16:06:21 +0000

Surely nobody is claiming that it was Democrats who told Fannie and Freddie to consider welfare and unemployment payments as income?

I’d be shocked, shocked!

By: guyincognito

guyincognito — Thu, 13 Nov 2008 15:54:22 +0000

Living in Mass, I got to hear all of Mr. Frank’s campaign commercials, and I can not for the life of me understand how or why this man became a politician much less was elected and now serves as the head of the House Financial Services Committee.

By: Johnny Canada

Johnny Canada — Thu, 13 Nov 2008 15:40:57 +0000

Cheap shot? Not even close.

Even Canadians are hip to the fact that Barney Frank and Chris Dodd obstructed any attempts for oversight reform proposed by the President back in 2000.

By: Dr Lemming

Dr Lemming — Thu, 13 Nov 2008 15:03:43 +0000

RF: “Yes, that Barney Frank. . . .”

Do you really want to get into a debate about which party’s leadership has more fingerprints on the Fannie Mae fiasco?

That’s cheap-shot journalism.

By: brettc

brettc — Thu, 13 Nov 2008 14:48:44 +0000

I wonder if any of the politicians involved in this know about the definition of insanity. Giving billions of dollars to the same idiots to continue doing business the same way they’ve been doing it for decades, while expecting completely different results is batshit insane.

It seems to be pretty likely that this will happen, so I really hope there are conditions attached with nautical rope to all this taxpayer money. Otherwise we’ll just get an even more prolonged death of GM and Chrysler.

By: RaysirX

RaysirX — Thu, 13 Nov 2008 14:14:03 +0000

It’s the so-called “capitalists” (management and BOD) who have their hand out for gov’t dollars to protect them from the market and their own disastrous decisions.

To hand over billions to the same guys who got us in this position is absolute lunacy. Maybe the American auto industry is too big to fail; but if that’s the case they get a bailout on the conditions that upper management and the BOD are all FIRED.

By: troonbop

troonbop — Thu, 13 Nov 2008 13:58:50 +0000

Let’s please not speak of barney frank’s relationships…

By: indi500fan

indi500fan — Thu, 13 Nov 2008 13:50:47 +0000

@ taxman100:
Some of those staunch capitalists over @ Cerberus will be looking for some gravy too….

By: taxman100

taxman100 — Thu, 13 Nov 2008 13:46:37 +0000

That is the problem with the last election – those corrupt, entrenched politicians in Washington think the last election was a mandate of support for socialism and dependency on Washington.

It will get much much worse over the next two years.

By: windswords

windswords — Thu, 13 Nov 2008 13:45:47 +0000

This would be so much fun if we could all (virtually) watch this together while eating popcorn and slinging MST3k type comments at the participants (politicians and executives). Maybe someone could record it (if it’s on CSPAN) and put something like that up on You Tube?