Sunday, September 28, 2008
Still waiting for the Congress and Senate to Work the Bailout Details out....Click the title to read the Entire Current Proposal as of 5PM Sunday there is a "tenative " agreement....Still very unclear When the Vote will occur and if this Plan is Being Agreed to ...Caucusing right now...Watch the Asian markets tonight....This bailout is also about our futures, school loans, and home loans, and mortgages and retirement accounts and funds...It is too late to protect us as Mainstreet- we already are vulnerable....The Unraveling has already started, at this point it is about protecting us further.There are NO Good solutions at this point...It's like asking a Fireman how you want to throw water on the fire ? Big Buckets or a hose ?
This Plan effects all of us...and the Repugs of the House are NOT looking out for you and me they are looking out for Wallstreet trying to buy them Time and a "Insurance " plan ( that would be like people of the 9th ward being Offered Flood Insurance August 29th , 2005......if you get my point..) They also have Lobbyists to make happy, they don't want Regulations and Oversight and Investigations and Monitoring....I will post updates through the Night, but Huffpost really is doing a good job, but I will add updates from Reuters, WSJ and Bloomberg....
*** Click the Title for More Information and IT DOES LINK TO HUFFPOST AND THE ACTUAL 130 PG PROPOSAL, BUT IS NOT DOWNLOADABLE- BUT IT DOES LINK- DO ENLARGE TO FULL SCREEN TO READ BETTER....****
*****Large European Bank Fails : Fortis....more to come. More on on Fortis...and their bailout.
*** I am still looking back through my posts for the Link to the 32 Page Dodd Plan- if anyone has it please leave it on the Comment thread- thanks..
***** More about effects on World Markets and banks abroad as of 9.28.08
Another Bank in Trouble- Britian's Biggest Lender...critical.
And More about Wachovia which is noew facing being bought out...
9:30PM two links to try to read the Bailout Huffpost one is 130pgs...and the Politico is 106 ?
the first version, and the
Huffpost version is longer.
12:30 AM HOUSE HEARINGS ON THE BAILOUT BILL ON CSPAN......interesting...Slaughter, Dreier, and now Kaptur speaking...