The Bush/Paulson/Pelosi/Reid bailout bill has passed, but a majority of Republicans still voted against it.
Prediction: The GOP will label this a Democratic Party handout to the rich, as they feign populism on the campaign trail.
VP candidate Palin might say, "Yessir you betcha, guys and gals, John McCain is a maverick and the GOP is ready to do something new in Washington. You know, I'm thinkin' Joe Six Pack needs representation at the highest levels of government. 'Cause Dubya was a little too, ya know, high brow, what with his time at Andover and Yale. What I'm gonna bring is a real, glad to know ya slice of life approach from God's country...the final frontier. That's right, the great state of Alaska. With a Palin/ McCain administration, you'll be able to count on straight talk and quick decisions, new leadership inspired by the spontaneous leading of the Spirit. Because, ya know, how else could I have gotten this far? George Bush was annointed and so is a Palin/McCain administration. Move over you elitist Democrats voting with Wall Street. We're here to help the millions of little people who, like me, can't keep up with details of government policy. They want easy answers. And we're here to give 'em." *wink.
Friday, October 3, 2008
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2 comments:
I hope all actually realize the proven records. This process which finds itself centered around Fannie Mae and Freddie Mac is in large part due to a bill passed by President Clinton in the '90's, then when President Bush and the Republican Sentate tried to make changes, they could not get the 60 votes needed to make stronger changes. Too bad a lack of good information makes it easy to see a completely inaccurate side to what is happening.
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Recently an insurance company nearly wind up....
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A bank is nearly bankrupt......filing chapter 11 protection.
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How it affect you? Did you buy insurance? Did you buy mini note or bonds?
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Who fault?
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They bailout trouble finance company, but they will not bail out your credit card bills……And the bill out of company is still not enough yet…….Should they have use the bail out $$ to pump into all different industries……You got no choice, and no point pointing finger but you can prevent similar things from happen again……
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The top management of the Public listed company ( belong to "public" ) salary should be tied a portion of it to the shares price ( IPO or ave 5 years ).... so when the shares price drop, it don't just penalise the investors, but those who don't take care of the company.....If this rule is pass on, without any need of further regulation, all industries ( as long as it is public listed ) will be self regulated......because the top management will be concern about their own pay check…… And they are still spend big money on hotel stay and luxury function……..
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Meanwhile if company was being acquired, there will be a great movement in terms of staff……eventually staff suffer also.
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So Bail out already happen, So the next question is, what regulation are they going to implement, so as to prevent similar things to happen………
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Are you a partisan?
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Whenever anywhere, anytime, there is election campaign.....We can use this to question your candidate there….. if you agree on my point, please share with many people as possible.... Finance and Media are the two only industries can shaken politics ( Maybe Hackers can ), please help to highlight also...
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http://remindmyselfinstock.blogspot.com/
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