Subscribe to this story's comments
Thank you for at least attempting to come close to calling this bailout plan what it is -- anti-capitalism. How convenient for Senator Corker to say he philosophically opposes this socialist measure -- but then go on to say it is necessary this time. I'm sure every government program can be called "must pass" legislation. But your actions speak louder than your excuses. If you rip other politicians for tax and spend legislation, then do the same thing, you are effectively no different.
Your principles should allow you to say "No" to things that conflict with them -- that is, if you actually have those principles.
Why on earth doesn't Paulson do the one, simple thing that would stabilize the markets -- end the destructive "mark-to-market" accounting rule? What's wrong with the Bush administration's economic team? This one thing is the cause of the domino effect that is threatening our financial system.
Student loans, car loans, credit card debt????? And now I'm hearing about foreign bank bailouts???? And conservative Congressmen are considering holding their noses and voting for this???? I'm having a hard time considering holding my nose and voting for any Republicans even though I am certain the Democrats will be far worse. Sarah Palin is the only bright spot on the horizon. She hasn't been corrupted by Washington yet!!
deebee9: You Rock!
FAS 157, affected more than 40 existing FASB standards, including those used to value stock options and derivatives used by corporations. Never mind the fact that some assets were difficult to value and did not have a ready market for sale.
For an explanation on this read:
"Why FAS 157 Strikes Dread Into Bankers"
http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2852547.ece
Post a comment
There are comments on this article, submit your opinion!
