Senate clears path for $350 billion bailout bill

[slipslidingaway]

http://www.marketwatch.com/News/Story/Story.aspx?guid={B1292C16-87BC-4281-BA9E-48E64401B46D}&siteid=nbkh

"Senate lawmakers on Thursday voted against a measure that would have barred the release of the second half of a $700 billion bank-bailout bill. Senators voted 52-42 to oppose a measure known as a resolution of disapproval introduced by Sen. David Vitter, R-La. President Elect Barack Obama made a request for the funds on Monday...

[spanone]

1. i disapprove of davey vitter

[slipslidingaway]

3. I agree with Feingold, Dorgan etc.

:hi:

[slipslidingaway]

2. Roll call link...

http://senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=1&vote=00005

Grouped By Vote Position YEAs ---42

Barrasso (R-WY)
Bayh (D-IN)
Bennett (R-UT)
Bond (R-MO)
Brownback (R-KS)
Burr (R-NC)
Cantwell (D-WA)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
DeMint (R-SC)
Dorgan (D-ND)
Ensign (R-NV)
Enzi (R-WY)
Feingold (D-WI)
Graham (R-SC)
Grassley (R-IA)
Hutchison (R-TX)
Inhofe (R-OK)
Isakson (R-GA)
Johanns (R-NE)
Lincoln (D-AR)
Martinez (R-FL)
McCain (R-AZ)
McConnell (R-KY)
Murkowski (R-AK)
Nelson (D-FL)
Risch (R-ID)
Roberts (R-KS)
Sanders (I-VT)
Sessions (R-AL)
Shaheen (D-NH)
Shelby (R-AL)
Specter (R-PA)
Thune (R-SD)
Vitter (R-LA)
Wicker (R-MS)
Wyden (D-OR)

NAYs ---52

Akaka (D-HI)
Alexander (R-TN)
Baucus (D-MT)
Begich (D-AK)
Biden (D-DE)
Bingaman (D-NM)
Boxer (D-CA)
Burris (D-IL)
Byrd (D-WV)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Clinton (D-NY)
Conrad (D-ND)
Dodd (D-CT)
Durbin (D-IL)
Feinstein (D-CA)
Gregg (R-NH)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Johnson (D-SD)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
Lugar (R-IN)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-NE)
Pryor (D-AR)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Salazar (D-CO)
Schumer (D-NY)
Snowe (R-ME)
Stabenow (D-MI)
Udall (D-CO)
Udall (D-NM)
Voinovich (R-OH)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)

Present - 2
Hatch (R-UT)
Tester (D-MT)

Not Voting - 3
Brown (D-OH)
Bunning (R-KY)
Kennedy (D-MA)

[depakid]

12. Looking more and more like the next step with the rescue funds will be an RTC like entity

which has probably been in everyone's interest for over a year now....

[Thrill]

4. 8 Democrats voted aganst Barack? wow just wow

[slipslidingaway]

5. Maybe they voted for the taxpayers n/t

[slipslidingaway]

7. Analysts - The second 350 billion may not be enough...

http://www.cnbc.com/id/28674262

"More TARP money will have to be thrown at banks to avoid a systematic financial breakdown, economic experts said on "Squawk Box" Thursday.

Bank of America, whose once estimated $50 billion acquisition of Merrill Lynch has now dropped to a $19 billion deal, is among the banks that will need more money. Yet, even with the injection of more capital to acquire Merrill Lynch, Bank of America may still be in perilous territory because of the pending litigation it faces regarding the bond holders’ settlements...

“The fact that Bank of America is going back now to the treasury and saying 'we need more money,' the fact that Citigroup is in trouble, the fact that many regional banks are insolvent, the fact that hundreds of community banks are insolvent means we need much more,” said Nouriel Roubini, chairman of RGEMonitor.com. “If the credit losses are going to be as large as the estimate, $350 billion is not going to be enough.”

In fact, it may take multiple TARP funds to increase lending and to save the banks, Edmund Phelps, Nobel Prize winner and economic professor at Columbia University, said..."

[Thrill]

6. Get use to this from Lincoln. You can't can't count on her for the Free Choice Act either

Shes up for re-election.

[slipslidingaway]

8. Bank of America Threatens Fed, Demands More Cash From Taxpayers

http://globaleconomicanalysis.blogspot.com/2009/01/bank-of-america-threatens-fed-demands.html

"I suggest Bank of America has easily bitten off more than it can chew and said so at the time, on September 15, 2008 in Market Votes "No Confidence" In Merrill, Bank of America Merger...


Assuming for a second that Lewis had his mental capabilities with him at the time, there is yet another explanation for that ridiculous offer. Please consider Another Shotgun Marriage: Bank of America and Merrill Lynch...


A shotgun wedding at a purposely ridiculous price with an agreement from the Fed to pick up the pieces later if necessary sounds just like what the doctor ordered. Of course it could be pure incompetence by Lewis, or a pure gamble by Lewis that the Fed (taxpayers) would pick up the pieces if it all came crashing down..."

[Augdog20]

9. vote in online poll: who should be Commerce Secretary?

Check out my blog
and vote in online blog (Blue Republic of America):

Who should be Obama's Commerce Sec?

http://bluesunited.blogspot.com

[lib2DaBone]

10. No No No MOre...Stop The Insanity..No more $$ to the Bankster/Gangsters

[slipslidingaway]

11. Missed your reply and yes I agree! n/t