Did we just get suckered?

[whatchamacallit]

Okay, now I'm really confused. If usatoday's bailout poll is correct (78% want it in some form) we win the "populist war", if not, the pukes just beat us on our turf. WTF is going on?

[Blecht]

1. Look at the results, not the headline

22% favor the bailout
56% want something else

[whatchamacallit]

3. Ah... I see...

So why the hell are dems rushing to help bailout Wall Street?

[DefenseLawyer]

5. If the banking industry collapses

that would be bad. M'kay?

[whatchamacallit]

10. So you're pretty sure this 700b number, they admit they pulled out of their asses, is gonna save it?

The reason Paulson wants total power (no challenges, no reviews) is because this is just the first of many trips to the trough. You can't fix something when you don't know the dimensions and scope of the problem. They all admit they are unable to valuate the everest of toxic paper, so my guess is if the banking industry is gonna collapse, this will do little more than delay it. But hey, don't let me stop you, feel free to march in their parade.

[nadinbrzezinski]

11. You've read what the dems have on the table

nope... if you had you'd know that the plan INCLUDES supervision, help to keep people in houses and equity

The packet that Paulson proposed is all but gone

(and with good reason)

[tkmorris]

19. You have a link for that?

I ask because so far I have seen NO concrete details about what Dems are proposing.

[nadinbrzezinski]

24. It's changing, god I hate Boehner

http://www.bloomberg.com/apps/news?pid=20601087&sid=avnxqWMsmExs&refer=home

http://www.bloomberg.com/apps/news?pid=20601087&sid=avnxqWMsmExs&refer=home

http://www.marketwatch.com/news/story/fundamental-deal-reached-rescue-plan/story.aspx?guid=%7B9365E7C9-0373-4556-A108-35045C596B79%7D&dist=msr_3

I've got the pdf at the HD...but cannot find it right now

[DefenseLawyer]

12. They aren't passing Paulson's 3 page outline

No, I am not sure the bailout will work, but I am sure what will happen if nothing is done. Not only with the market plummet, but credit will be nonexistent for the foreseeable future a la 1929.

[whatchamacallit]

13. How much "something" are you in for?

700 trillion in derivatives and CDSs are not going to be vanquished by 700 billion. We're likely fucked no matter what.

[DefenseLawyer]

15. I'm not in total disagreement with you

about the severity and complexity of the problem or the potential futility of the "fix" in the long term. But the market dropping 30% on Monday could be a very real, very tangible result of letting nature take its course, so to speak. I think there is a very real impact from doing nothing and can't agree that the result will be the same whether we act or not. I know that isn't the case in the near term anyway.

[whatchamacallit]

23. Agreed. Sell at the bell.

Disclaimer: I don't know shit from Shinola so please disregard my advice.

[leeroysphitz]

25. Do you work for CNBC?

[riverdeep]

22. There needs to be some clarification here.

Yes, it is possible that we will never see the 700 billion again if the economy does a total nosedive, but that possibility is pretty unlikely if the deal includes the taxpayers get a stake in the success of the companies. This is what the Democrats want, and what Paulson didn't include. If that's the case we should see, according to the WSJ, plus or minus 200 billion. That is, we would either lose 200 billion or make 200 billion in surplus. That's far different than throwing 700 billion into the shredder.

Now, people can still be opposed to the plan on the principle of not getting involved in the markets at all, fine. But it's NOT just 'throwing money away', at least under the Dems plan so far.

[JDPriestly]

7. Why are they rushing to bail out McCain, Bush and Gramm?

This is the stupidest thing I have ever seen. Absolute nonsense.

[iconicgnom]

8. Because they like to follow the Repub's lead. As always.

[mzmolly]

17. It looks to me as if most people want some kind of bail out plan?

Fifty-six percent of respondents say Congress should pass a plan that's different from the administration's proposal, while 22% want lawmakers to approve a plan similar to Bush proposal...

http://www.usatoday.com/money/economy/2008-09-25-poll-results_N.htm

More: But many Americans also agree with Democrats who are pushing for significant new provisions. Sixty-three percent of respondents say its' "very important" to limit the pay of executives whose firms benefit from the plan. And nearly half of those polled say it's very important to help homeowners who can't pay their mortgages. If lawmakers do nothing, 74% believe the economy would get worse, and more than three-quarters of those who believe that say congressional inaction would lead to a depression or prolonged recession.

[Jersey Devil]

2. Patience. The game is not over yet

Obama is the shrewdest pol I have ever seen and I have confidence he won't allow McCain to pull off a shell game

[dbonds]

4. Obama got a little shafted yesterday when...

he called to ask Mcsame to keep politics out of this and the very next thing mcsame was making huge political moves. I bet he won't let that happen again.

[DefenseLawyer]

6. Yeah yesterday was a great day for McCain

Other than McCain's great day, how are things in Bizarro world? Weather okay? How are the kids?

[Beam Me Up]

9. LoL!!

[L. Coyote]

14. Did you buy into their lies?

This is a major heist of the US Treasury, without telling us who gets the money.

Will the money bail out Osama bin Laden's investments? Who gets bailed out?

[onethatcares]

16. who gets bailed out and how much to each

and what is covered?

jeezzzusss, I never thought I'd have to live through this shit, guess I trusted the bankers too much. :puke:

[dkofos]

18. YES

[Gin]

20. Rahm said on CNN that 80 % of the people want some form of

bailout............sorry folks...that's not true...nobody asked me and I say NO..Hell NO

this is a heist...not a crises.

[dkofos]

21. A manufactured crisis to affect a heist.

Like in the ILLEGAL Iraq war.

[L. Coyote]

26. One man's disaster is another's profit opportunity.

[Naturalist]

27. Your catching on.......so